Loss of time, nerves, money. Scams. Unpleasant situations. All these can be met in the process of purchasing a property (apartment or house.)
In order to prepare for this complicated process, it is important to inform us of the steps we need to go through. So we can easily manage any problem and we can get to the desired result: buying the dream home.
Step 1 - Define the type of apartment we are looking for
First we must understand what type of apartment we want to buy. At this early stage we must define how looks like the apartment that we want: the number of rooms, in new building or old, with repair or in white, floor, sector etc.
More details here:
- 12 things to think about before buying an apartment
- The Buyer's Guide: 7 Essential Tips for Buying an Apartment
Step 2 - Analyze the financial possibilities we have
Once we have determined what type of apartment we want to buy, it is necessary to see what our financial possibilities are. At this stage, it is important to see what the maximum price we can afford to pay for the apartment of our dreams.
If we do not have all the money in cash 100%, we must go to the bank to see the credit conditions (time providing first rate, interest rate, monthly rate, necessary documents etc.)
See here details:
- Mortgage/Real estate loans
- Mortgage “Prima Casă”
- How to get a mortgage when living and working abroad?
Step 3 - we analyze real estate offers in the online environment
After we have defined what type of apartment we are looking for and what are our financial possibilities, it is time to analyze real estate offers on profile sites such as 999.md or makler.md.
But we have to be very careful because there are a lot of fake ads on these websites that do not match the reality. To attract buyers, both owners, construction companies, or real estate scammers post ads with erroneous information, with very low prices unrelated to reality.
To be safer, you can contact a professional real estate company, where you will find only, verified real estate ads with real pictures and prices.
See here:
Step 4 - we go to presentations
After selecting a few offers that fit your needs and your budget, it's time to go to seeing them.
When inspecting the building, it is important to pay attention to all the technical and aesthetic details (ownership acts, planning, general building status, quality of construction and repairs, quality of furniture and household appliances, etc.)
Step 5 - buyer and seller's agreement to perform the sale-purchase transaction of the real estate
Once you decide to buy an apartment, it is important to set out more important details with the seller:
- who is the owner (may be just an owner, may be husband and wife, there may be more people in the case of privatization) and the agreement of everyone to make the transaction
- the date of the transaction and when the seller will actually release the apartment
- who and what papers they have to prepare and what taxes and fees they have to pay
- which is the final price of the building that will be indicated in the sale-purchase contract
- what materials (furniture, household appliances, decoration items) will be left to the seller when the building is released
Step 6 - The amount of warranty
Once we have set all the details of step 5, we will write the act of warranty - the details about the seller and the buyer, the property data, the amount paid as an warranty, the final amount of the property, the transaction date etc.
It is important to know that if the buyer refuses to buy the building, the amount of warranty will not be returned to him and if the transaction does not take place because of the seller, he is obliged to return the double sum.
Step 7 - Preparing the set of acts for notary authentication of the transaction
After the warranty act is issued, the stage of preparation the set of acts for the transaction is ready.
The seller must prepare the identity cards of all persons who were the owners, the extract and evaluation of the property from The Public Service Agency (Cadastre).
The buyer must prepare the identity document and the financial resources.
Step 8 - conclusion of the sale-purchase contract with the notary
On the day of the transaction, the buyer and the seller will go to the notary in order to authenticate the contract for the sale of the real estate.
The buyer has the obligation to pay the state fee and the notary's fee.
The seller has the obligation to pay after the transaction the income tax on the capital increase.
See details:
Step 9 - registration of the contract on Cadastre
After the sale contract has been authenticated by the notary, the buyer (the new owner) has to register the contract at the Public Services Agency (Cadastre).
The right to property on the property appears from the moment of its registration in the real estate register.
RECOMMENDATION
To avoid the multitude of issues and uncertainties that may appear in the process of purchasing an apartment, call a professional real estate specialist from Acces Imobil. We know how to properly manage each step of this complex process.
Acces Imobil - with us you make the right choice!
