What should I ask the seller when buying an apartment?

Questions about documents for an apartment in a new building

Let us start with what documents you should ask about when buying an apartment in a new building:

1. A document confirming the title to the property. Check whether the seller has a certificate of title to the apartment. Also, check whether the available document corresponds to the actual condition of the apartment.
2. Technical data sheet. This document contains the main specifications and information about the real estate property. It is important to make sure that the information contained in the technical data sheet is true.
3. Approvals/Permits. Make sure that all construction and reconstruction work was carried out in accordance with the law, and therefore your transaction will be safe and legal.

It is also important to ask how exactly the process of registering title to the dwelling for a buyer takes place and what documents are required.

Questions about an apartment in a new building in Lviv

The list of basic questions when buying an apartment includes those related to the specifications of the real estate property. It is a good idea to ask a real estate agent or developer about the following aspects in detail:

• Material used to build the house.
• Owners of the neighboring apartments.
  Try to find out more about your potential neighbors, as well as the general condition of the building and its surroundings. This will help you to understand whether this location is right for you.
• Total area of the apartment.
• Finish of the premises: finished or rough.
  Pay attention to the condition of the walls, floor, roof, heating and water supply systems. Check for signs of moisture, mold, or other defects.
• The presence of built-in appliances and furniture.
• Check the functionality of metering devices, etc.

The more detailed the seller describes the real estate property, the higher the likelihood of successful transaction.

Questions about payment

Equally important are the questions related to the payment for the apartment. Be sure to agree on:

• Possible payment options. Before buying, it is important to find out what payment options are available. It can be cash, wire transfer, or a mortgage. Each option has its own advantages and limitations, so it is important to discuss them with the seller and make a choice that suits you best.
• Advantages of the chosen bank for making the transfer. If you decide to use a wire transfer or a mortgage, it is important to understand the advantages and conditions of different banks. Before choosing a bank to conduct transactions with, pay attention to interest rates, lending terms, and the bank reputation.
• Payment for realtor services. If the apartment purchase transaction involves a realtor, it is worth clarifying what services are included in the realtor’s fee and how these payments will be made.Understanding the terms of payment for realtor services will help to avoid misunderstandings and unpleasant surprises.
• Terms of participation in share construction. If you are buying an apartment in a building that is still under construction, it is important to familiarize yourself with the terms of participation in share construction. They may include payments for construction, terms of commissioning, and other important aspects. A clear understanding of these terms will help you to avoid misunderstandings with the construction company and guarantee a successful and safe purchase.

Buying an apartment is an important step that requires attention and a balanced decision. When choosing your future home, it is important to be aware of all aspects of such a transaction. By asking the seller about documents, payment, infrastructure, and other nuances, you demonstrate a more deliberate and informed approach and protect yourself from many unpleasant surprises. Remember that a detailed consideration and clarification of all the nuances will help you make the right choice and ensure a comfortable future in your new home.