Buying a secondary home is always a risk. Of course, it is much more difficult to deal with fraudsters now than 10 years ago, but alas, due to the crisis of recent years, unscrupulous sellers have again become a part of modern reality. In addition, there are other dangers for the buyer.
— Unexpected third parties — like banking institutions, people who have ownership rights to inherit property, etc.
— Challenging inheritance rights — for several years, if the person did not know about the inheritance, the will can be challenged in court, and all subsequent real estate transactions can be declared invalid;
Apartment without an agent: willful deception of sellers
Sometimes scammers deliberately «wait» for buyers who are looking for an apartment without agency escort. Cheating can be different — there are attempts to sell housing under fake documents, and the overestimation of the real cost of square meters, and the sale of housing, which should soon be demolished (this is especially common when selling a separate apartment on the roof), and the silence of important details, for example, that in the near future a motorway will be laid under the windows or in an apartment overlooking the sea, a building will be built in front of the windows. There are also completely unpleasant situations — sale under a fake power of attorney, a fake passport and non-existent documents.
How to buy an apartment on the secondary market without risks?
However, all of the above does not mean that the purchase of square meters in the secondary market is so unsafe — a competent specialist will easily check everything you need, if necessary, request a legal assessment of the purity of the transaction.
Our experts believe: «From such cases, no one is insured, neither the buyer, nor the seller, but everything can be checked.»
There are many things that slow down the buying or selling process. At first glance, the listed problems are difficult to solve, but you can always contact a specialist who will deal with all the nuances of apartment history. The main thing is to know the necessary list of requested documents and to correctly approach the issue of legal examination of the documents of the foundation and the object itself. Any purchase is accompanied by unexpected nuances, sometimes they are deplorable, because of them the deal will inevitably collapse.
When buying an apartment in Hurghada, the step-by-step instructions should be something like this:
— You apply to an experienced realtor in a large agency;
— He selects the most profitable and safe options;
— This is followed by a check of the seller’s documents — passport, property rights (chain of grounds for property rights — all touches on the transfer of property rights);
— Then the sale and purchase agreement is drawn up in strict accordance with the norms of the current legislation;
— translation of documents in a licensed company and Toukil’s submission to the new owner.
The risks when buying a secondary property are quite high, but they can be avoided by the right approach to the buying process. Better yet, consult a professional to ensure safety!
For any questions regarding the PURCHASE and selection of real estate in Hurghada, you can always consult with our specialists who have up-to-date information and help you make the right choice
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