How to sell an apartment yourself: step-by-step instructions

For those who want to sell an apartment without a realtor, we have collected all the tips on preparing an apartment for sale, a list of necessary documents, the nuances of completing the transaction and making payments in one place. Use our step-by-step instructions to help you sell your apartment on your own!

How to sell an apartment yourself: general rules

If you are planning to sell an apartment yourself, you must be prepared to spend time and money on it. With a realtor, the process will be faster, but for help in finding a buyer you will have to pay 10% of the transaction cost, depending on the region. It makes sense to contact real estate agencies if we are talking about selling a “complex” apartment - for example, located in another city, etc.

If you are selling a standard apartment and carefully follow the instructions, then there should not be any special problems.

Before selling you will need to do:

• Collection of missing documents;
• Conduct pre-sale preparation of the apartment;
• Place advertisements for the sale of an apartment on relevant web sites;
• Organize a viewing of the apartment for potential buyers;
• Check buyers' documents;
• Conclude preliminary and main agreements.

When selling an apartment on your own, you also need to take into account whether it was purchased with maternity capital or not, whether minors live in it, whether there is a mortgage encumbrance, etc.

Possible problems and ways to eliminate risks

The secondary housing market is an active platform for the criminal activities of fraudsters. Sometimes ordinary citizens entering into a transaction also show dishonesty. Fraudsters can completely take away the money paid for the transaction and hide from responsibility.

The most common actions of scammers:

• fake documents;
• double (multiple) sale of one apartment;
• replacement of apartment;
• sale of someone else's real estate.

Therefore, when buying a secondary car, you need to check the legal capacity of the documents very carefully.

Ordinary citizens may commit the following unscrupulous acts::

• not paying money, not handing over the keys to the apartment;
• do not check out, do not check out minor residents;
• hide the owner's incapacity;
• hide the rights of third parties to housing;
• hide other problems existing in the apartment.

The mandatory conditions to avoid risks are as follows::

1. Documents establishing title and documents certifying rights must be submitted in originals.
2. All documentation must be in legal form, without damage to the text or blots.
3. Documentation from the BTI - no older than one year.
4. Cadastral certificates of encumbrance and seizure - no older than one month.
5. Passport – with registration and not expired. The owner can be identified from the photo in the passport.
6. Information about the owner on the Rosreestr website corresponds to the documents presented by the seller.
7. The status and legal capacity of a legal entity can be identified by its official website and the package of submitted documentation.

REFERENCE: Drawing up a contract with a notary gives him additional legal capacity, and insuring the transaction completely transfers the risks to the insurance company.

You can find out more about what you need to know when buying an apartment on the secondary housing market here.

Selling an apartment: where to start

Conventionally, the process of selling an apartment can be divided into two stages: preparatory and main.

What is needed to sell an apartment:

• Determining the value of your apartment;
• Decluttering, cleaning, emptying the apartment of things;
• Cosmetic repairs - if necessary;
• Collection of documents;
• Placing advertisements and sales on thematic resources;
• Showing the apartment to responding buyers.

The main stage of selling an apartment includes:

• Drawing up a preliminary agreement and receiving a deposit;
• Signing of the main agreement with subsequent registration;
• Transfer of apartment and keys;
• Receiving the remaining money;
• Payment of tax duty.

Step-by-step instructions: how to buy correctly?

This property transaction is characterized by the fact that during its implementation there is both a documentary and actual transfer of property rights to the object from the seller, who is the owner of the residential premises, to the buyer. It is regulated by the norms of § 7 of Chapter 30 of the Civil Code of the Russian Federation.

The buyer, in return for the object received under the transaction, pays a proportionate amount of funds equal to the price of the apartment. To carry out the procedure, it is necessary to correctly carry out a number of legal and factual actions, according to the algorithm established for purchasing an apartment on the secondary market.

Stages of the procedure

Let's consider the procedure for completing such a transaction. Purchase and sale on the secondary market is carried out in stages :

1. Search for a suitable property - independently or by contacting a realtor (real estate company).
2. Organization of viewing, viewing of premises.
3. Checking documents for an apartment.
4. Drawing up a preliminary purchase and sale agreement (PPSA).
5. Payment of an advance or deposit.
6. Signing the acceptance certificate for the premises.
7. If necessary, draw up a loan agreement for a mortgage.
8. Concluding a purchase and sale agreement (PSA) - independently, accompanied by a lawyer or realtor.
9. Transferring money to the seller.
10. Registration of the transaction.
11. Relocation of the buyer to the purchased apartment, registration.

Search for an object

To do this contact:

• to a real estate company;
• to a private realtor.

When searching for housing on your own, you should use:

• special services;
• submitting an advertisement to the media.

Rules for inspecting a secondary property before a transaction

If the apartment is being sold through an agency or intermediary, then you can coordinate the viewing through a realtor. If there is no support from the owner, you should negotiate with him.

You should first find out by calling:

• readiness of the apartment for a transaction;
• the timing of the transaction he is planning;
• time convenient for inspection.

ATTENTION: You need to make an appointment for a viewing only when the owner has made it clear over the phone that he is really planning a transaction, and the documentation package has been prepared.

When actually inspecting the premises of secondary housing, you need to follow basic rules and pay attention:

• on the condition of common areas (entrance);
• front door;
• cosmetic condition of the apartment;
• quality of plumbing and radiators;
• for the presence of a damp smell;
• room temperature (in winter);
• the presence of mold on the walls, for the first floor - on the floor;
• for upper floors - leaks on the ceiling from roof leaks.

The worse the condition of the apartment, the lower its value. The buyer should determine how appropriate it is to purchase a home with certain defects, since the inspection results are indicated in the acceptance certificate attached to the DCP.

In addition, when determining the cost, it is taken into account:

• the age of the house and its number of storeys;
• floor;
• area and location;
• presence of a balcony.

In addition to the listed parameters, the transaction is significantly influenced by the subjective preferences of the buyer, certain nuances of the infrastructure or landscape. If you like the apartment, its legal capacity is checked .

What documents need to be checked by the seller?

This part of the procedure is no less important. Let's figure out what documents must be required from the seller during the transaction.

The apartment owner must have the following:

1. Passport.
2. Document of title – the basis for the emergence of property rights: a civil law agreement of the last transaction, a certificate of inheritance or privatization.
3. Certificate of ownership of the apartment, if purchased before July 2021, or an extract from the Unified State Register of Real Estate. The document is received at the MFC or the territorial branch of Rosreestr.
4. Technical documentation for the apartment and a certificate of inventory value. They get it from the BTI.
5. Cadastral passport, certificate of absence of collateral or arrest. Obtained from the MFC or the territorial branch of Rosreestr.
6. If minor children are registered in the apartment, or the owner is a minor, permission from the guardianship and trusteeship authorities. Obtained from the territorial office of this authority.
7. Spouse's permission if the apartment was obtained jointly. Obtained from a notary office.
8. A copy of the personal account certifying the absence of debts. They are obtained from the accounting department of the housing department.
9. Extended (archival) extract from the apartment register. They order it from the housing department from the passport officer.
10. Notarized power of attorney – for representatives.

Check at the conclusion of the contract

The buyer needs to check the entire package of documentation according to the list . If the list is incomplete, you need to offer to get the documents and check their availability before finalizing and signing the PDCP.

REFERENCE: If the apartment was inherited or donated, the consent of the spouse is not required.

additional verification:

1. Write down the cadastral number and surname of the owner. On the Rosreestr website, check the coincidence of these data.
2. It is advisable to check with a notary for the issuance of general powers of attorney.
3. If the apartment has been inherited, you need to make sure that there are no legal disputes regarding it: if there are co-heirs, they must submit a notarized refusal.

List of securities for the transaction from the acquirer

This list is limited to what the buyer must have:

1. Civil passport with registration.
2. Power of attorney, if his representative is acting.
3. For minor buyers - the child’s birth certificate and the passport of the parent or guardian.

Based on the above, a PDCP is drawn up according to the norms of Article 429 of the Civil Code of the Russian Federation. But its preparation is voluntary and is not the responsibility of the parties.

How to draw up a contract correctly?

This agreement has the legal capacity of a document of title regulating the transfer of real rights to the apartment from the seller to the buyer. Regulated by the norms of Articles 549, 550 of the Civil Code of the Russian Federation.

Its structure must necessarily contain provisions:

1. Name of the document, date and place of conclusion.
2. Introductory part, identifying the parties and their details (passport data).
3. Determination of the subject of the contract - detailed technical and cadastral characteristics of the apartment.
4. Rights and obligations of the parties.
5. Terms of payment and taking ownership of the apartment. Deadlines for making payment and vacating the premises.
6. Responsibility of the parties for failure to comply with the rights of the counterparty and their own obligations, in the form of fines and penalties for late payment or transfer of an object.
7. Conditions and rules for terminating a contract: by agreement and in court.
8. Final (additional) provisions are introduced at the discretion of the parties.

The sales contract is drawn up in three copies, each of them signed by the counterparties. According to the provisions of Article 163 of the Civil Code of the Russian Federation, it can be certified by a notary.

Methods of transferring money

Money can be transferred:

• cash - against receipt;
• transfer;
• through a safe deposit box;
• to the deposit account of the notary's office.

How is PrEP registration carried out?

Registration of a monetary policy transaction must be registered in Rosreestr in accordance with the norms of clause 1 of Article 551 of the Civil Code of the Russian Federation and clause 2 of Article 558 of the Civil Code of the Russian Federation.

For this process, the parties need to simultaneously go to the branch of Rosreestr or MFC , where they present:

1. Civil passports of counterparties, attorney - documentation for legal or authorized representation.
2. Statements from counterparties regarding transaction registration.
3. Contracts drawn up in triplicate with an acceptance certificate attached.
4. Title document for the apartment.
5. Certificate of ownership or extract from the Unified State Register.
6. Spousal permission – for those who are married.
7. Documents from BTI.
8. Receipt for payment of duty.

The registrar accepts documents against receipt and verifies that the fee has been paid.

Cost and terms

The amount of state duty is 2 thousand rubles.

Notarized DCTs are not subject to Rosreestr fees, and the registration period is reduced to three days.

After 10 days the procedure is completed, the buyer takes ownership . If the parties apply to the MFC separately, the procedure lasts 21 days.

Actions after registration

The buyer comes to the follow-up appointment with a receipt and passport.

The registrar receives:

• purchase and sale agreement with registration mark;
• extract from the Unified State Register of Real Estate.

Based on these documents: the title deed and the right certifier, he is considered the owner. There is no need to re-register the cadastral passport, since it is issued for the property, and not in the name of the owner .

To replace a technical passport, you need to go to the BTI with copies and originals of the title and title certifying document and write an application. Upon presentation of the extract, he has the right to register all family members in his new apartment.

Step-by-step instructions for selling an apartment without a realtor

Determining the value of your apartment.

There are two ways to go here:

• Independently monitor prices for apartments in your area, comparing your apartment (footage, technical condition) with similar apartments. This way you can understand the average price on the market.
• Order an apartment appraisal report (price from 2-3 thousand rubles), which will contain information about the market value and liquidation value of the property you own.

Do not forget that the price at which you are going to put the apartment up for sale must correspond to the market value. An inflated price will force potential buyers to consider more profitable offers, and accordingly, you will not be able to sell the apartment quickly.

When determining the cost of an apartment, we recommend taking into account the following parameters:

• An area whose size is directly proportional to the price: more square footage means higher cost;
• The number of rooms and their location relative to each other. Isolated rooms and separate bathrooms will have an advantageous effect on the price. But adjacent rooms and a combined bathroom will lower it. The same applies to storage rooms, laundry rooms - their presence or absence, as well as the condition of the balcony.
• Number of storeys (the first and last ones are in less demand);
• The presence or absence of repairs;
• Location and infrastructure of the area. In cities with a population of over a million, apartments near transport interchanges and the metro are more highly valued. For families with children and the elderly, the close location of hospitals, pharmacies, parks, schools, kindergartens and playgrounds will be important.
• General condition of the house. Thus, houses built half a century ago may have technical problems: leaking roofs, poor plumbing, etc. We would like to make special mention of houses that are classified as cultural heritage sites (cultural heritage sites). Selling them is much more difficult, despite the tempting idea of ​​living in a cultural monument. Taxes and repair requirements are much higher here, making them less attractive to buyers.
• Legal aspects: presence of encumbrances, unpaid utility debts, etc.

Pre-sale preparation of the apartment

Give your apartment a presentation! Carry out a general cleaning and get rid of unnecessary things that “eat up” square meters. This way you can show off the space and create a cozy atmosphere, which will make the apartment more attractive. If necessary, you can make cosmetic repairs, as well as bring windows, doors, electrical and plumbing into working condition. According to statistics, even if you spend 3% of the property value on renovations, you will sell the apartment for 7% more.

If there is no remedy at all, you can peel off the wallpaper and, at a minimum, wash the apartment of dust and dirt. Such an apartment can be put up for sale as prepared for renovation.

Also, the condition and appearance of the entrance, staircases, etc. may influence the purchase decision. Clean walls, free of graffiti, will at least make the entrance more attractive.

Collection of documents

Here is a list of necessary documents (and deadlines) that you will need when selling an apartment on your own. Please note that the list of documents when selling an apartment may have its own characteristics, for example, if you are selling an apartment purchased with maternity capital, with a mortgage, or if you have minor children.

Additional documents

The list of additional documents required to purchase an apartment differs depending on its features:

1. If the seller is a legal entity, then the statutory documents of the organization are attached.
2. If a share of real estate is sold, then a written refusal of the share owners to purchase the share or notification of all owners about the sale of the share is provided.
3. If the property is mortgaged, then a written consent of the bank (mortgagee) to carry out the transaction is attached.
4. If redevelopment has been carried out in the apartment, then a document confirming its legality is provided.
5. If the title document is a gift agreement or a certificate of inheritance, a certificate from the Federal Tax Service on payment of tax is required.

The absence of one or another additional document may also serve as grounds for refusal to register the transfer of ownership.

What documents are needed to sell an apartment?

Basic list of documents for selling an apartment

• USRN Help
• Cadastral and technical passport
• Extract from the personal account
• Certificates about family composition
• Preliminary purchase and sale agreement
• Contract of sale
• Apartment acceptance certificate

Obtaining an extract from the Unified State Register of Real Estate on the KTOTAM.PRO website

An extract from the Unified State Register of Real Estate is a document without which a purchase and sale agreement cannot be concluded and ownership rights cannot be registered in Rosreestr. From January 1, 2021, it replaces the cadastral passport, serves as an alternative certificate of ownership of real estate and allows you to verify the integrity of the seller.

To speed up the purchase and sale transaction, we recommend that you issue this document electronically on the KTOTAM.PRO service. Here in 30 minutes you can receive a standard or extended extract from the registry. The user only needs to indicate the full address of the property (region, locality, street, house and apartment) or the cadastral number of the property.

Among the key advantages of the KTOTAM.PRO service:

• work 24/7,
• no queues,
• various payment options,
• fast interface,
• SMS-informing users,
• instant registration,
• Possibility to print the statement.

The portal is intended for use by individuals and legal entities. On it you can get 100% reliable information from the official database of the Unified State Register of Real Estate. The state fee is only 250 rubles.

The KTOTAM.PRO service was created for those who value time and reliability.

Author: project Who Is There

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Posting an ad

We advise you to adhere to the following rules for posting and preparing an advertisement:

Shoot the apartment in the morning or afternoon in natural light. When shooting, emphasize the footage and the main advantages of the apartment. If there is a storage room, remove it. If the bathroom has new tiles and the pipes have been changed, this also deserves attention! Show the view from the window, the availability of parking, and a well-groomed local area.

When composing an advertisement, indicate the main parameters of the apartment, note the infrastructure (gardens, schools, hospitals, etc.). Make the ad as informative as possible so that the buyer does not have any questions.

Place an ad on several sites for the sale of housing. These can be both websites and groups on social networks, where it is possible to post your ad for free (or for a small price) and sell it.

Showing the apartment to potential buyers

Be polite and friendly - a pleasant impression, including from the owner, is conducive to making a purchase. During the conversation, find out for what purpose the apartment is being purchased. For those planning to rent out, a concession in the form of household appliances or furniture that you are willing to keep will be relevant. For those who are buying for themselves or loved ones, tell them in detail about the advantages of your particular apartment compared to similar ones for sale in the same area.

Transfer of money when buying an apartment. How does money transfer happen when buying an apartment?

Procedure for purchasing from a legal entity

When purchasing real estate from a legal entity, the seller is required to additionally submit the following documents:

1. consent of the founders to the transaction;
2. package of constituent documentation;
3. a provision confirming the powers of the director;
4. director's passport;
5. notarized power of attorney and passport - for the representative.

If the apartment is not considered to be of significant value, the seller presents the relevant document certified by the founder.

In the introduction to the DCT, the legal entity is indicated as a party to the agreement, with the following information included::

• Company name;
• type of ownership;
• details: TIN, OGRN, KPP;
• legal address;
• position, full name manager, grounds for taking office.

The authorized person drawing up and signing the agreement is entered separately with the wording: “acting on the basis of a power of attorney (power of attorney details) in the interests of (company name).” Finally, the details of the legal entity are also given, the signature of the general director and a seal are affixed, or the signature of the attorney.

The Russian housing market is divided into two types: resales and new buildings. Both have positive and negative sides. We recommend that you read the articles on purchasing apartments in a new building to choose the best option for yourself:

1. Which apartment to buy: resale or new building?
2. Purchasing housing from a contractor.
3. Sale of apartments in a new building from the owner: where to start buying?
4. Step-by-step instructions for purchasing a finished apartment from the developer.
5. What do you need to know when buying an apartment in a new building?
6. What is the DDU when purchasing an apartment and what are the features of transactions with shared participation?

Main stages of selling an apartment

As we said above, the main stage of buying an apartment includes:

• Signing a preliminary agreement or deposit agreement;
• Signing the main purchase and sale agreement;
• Its registration;
• Receipt of the remaining amount.

Preliminary purchase and sale agreement/deposit agreement

If you are selling an apartment yourself, you will need to conclude either a preliminary agreement or a purchase and sale agreement. Both are designed to record the buyer’s intentions – to buy, and the seller’s – to sell. During these agreements, the buyer pays a portion of the cost of the apartment, and the seller removes all advertisements for sale from web sites and stops showing the apartment to other potential buyers. Contracts are needed to give time to both the seller and the buyer to collect the missing documents, with a short validity period (therefore they are collected immediately before the transaction itself).

How to submit documents?

After collecting an impressive list of documents, the question arises of submitting them to the registration authority. There are 5 possible options for this action:

1. Personal visit to the registration authority.

   Contact the territorial body of Rosreestr, having previously clarified its work schedule. The best option in terms of saving time is for the specialist to immediately inform you of the refusal to accept documents if you collect an incomplete list or if mistakes are made. Additionally, he will help with filling out the application and advise on other issues.

2. Contact the MFC.

   Please note: MFC is not a registration authority. He is an intermediary between the parties to the purchase and sale transaction and the Rosreestr branch. The disadvantage of applying to the MFC is that it takes a long time (including sending documents).

3. Sending the application and documents by mail.

   They are sent to the territorial body of Rosreestr by registered mail with a list of attachments. All copies of documents and the signature on the application for registration of ownership must be notarized. A significant disadvantage is that you will learn about the absence of some papers or errors in their execution no earlier than 2 months from the date of departure.

4. Electronic service “Submit an application for state registration of rights.”

   It operates on the official website of Rosreestr and provides the opportunity to send an application and a list of required documents. Decisions of the registration authority employees on registration or refusal to register property rights are sent to the applicant’s personal account. The advantage of using the service is the presence of step-by-step instructions, the disadvantage is the need to certify documents with an enhanced qualified electronic signature.

5. Through representatives.
   Read also:  Is it possible to formalize the actual entry into inheritance with a notary if the inheritance case has not been opened?

   Trustees may act on behalf of the participants in the purchase and sale transaction. If there are identification papers, the documents are sent by them to the registration authority in one of the following ways. Additionally, a notarized power of attorney indicating powers and a passport (if sent by mail - a notarized copy of the passport) must be attached.

The choice of the method of submitting documents depends entirely on the will of the parties to the transaction (seller and buyer).

What is the difference between a preliminary purchase and sale agreement and a deposit agreement?

The preliminary agreement includes the following points (they will also be duplicated in the main agreement):

• The cost of the apartment and its main characteristics (footage, address, number of floors, etc.);
• Payment procedure (one time, in parts, etc.);
• Who pays and for what during the purchase and sale of an apartment (payment for notary services, renting a safe deposit box, etc.), as well as the responsibility of each party in case of refusal of obligations;
• Deadlines - when the seller vacates the apartment and removes it from the register, as well as the terms within which the transaction will be finally completed, the money will be transferred, and the seller will hand over the keys to the apartment.

Payments for an apartment

• When paying in cash. One of the most reliable ways to transfer money is a safe deposit box. It is rented by the buyer for the period within which registration actions must be completed (approximately 10-14 days). The money is placed in a safe deposit box in the presence of bank employees, the package containing the payment is sealed and sealed. After registering the transaction in Rosreestr, both parties receive a registration agreement and an extract from the Unified State Register of Real Estate confirming the transaction. Based on these documents and the apartment acceptance certificate, the seller will receive the money deposited in the locker.
• For non-cash payments, a letter of credit and a payment order are used. If a buyer purchases your apartment with a mortgage, then non-cash payments are also used here. The bank transfers money to the seller’s personal account after registering the transfer of ownership (agreement).

Mandatory documents

Buyers are required to provide these documents to the MFC or the Registration Chamber for registration of the purchase and sale transaction. The list is as follows:

• Contract of sale of an apartment (originals);
  The purchase and sale agreement is the main document in the transaction, on its basis the transfer of ownership from the seller to the buyer will be registered.

  According to paragraph 2 of Art. 54 of Federal Law N 218-FZ, if among the owner-sellers there is a minor or incompetent, the transaction is subject to mandatory notarization. This means that you cannot do without a notary. He will draw up an agreement and certify the signatures of the parties on it. Here I described in more detail the instructions for drawing up a notarized agreement for the purchase and sale of an apartment, and at this link how much it all costs.

  If all the owner-sellers of the apartment are adults and capable, a simple form of purchase and sale agreement is sufficient. In this case, it is not necessary to certify it.

  As you can see, the obligation to notarize the contract depends on the situation of the sellers. The situation of the buyers does not play a role here. But this does not mean that sellers are required to pay for notary services. Everything is by agreement of the parties.

Other articles
How to safely transfer money to the seller for a purchased apartment - rules, methods, expenses If, after the purchase, the former owner files for bankruptcy, interested parties can challenge the transaction. Here we explain how buyers can protect themselves from this

• Buyers' passports or birth certificates if they are under 14 years of age (also copies of the first two pages);
  If the buyer is under 14 years old, one of his parents/guardian must be present at the MFC/Registration Chamber instead of him, who signs the purchase and sale agreement with the rest of the documents for the child - Art. 28 Civil Code of the Russian Federation. The representative will be required to have his passport and a copy of the first two pages, the original and a copy of the child’s birth certificate. The presence of the owner from 14 to 18 years old is mandatory along with one of the parents/guardian, because they both sign the purchase and sale agreement - Art. 26 Civil Code of the Russian Federation. In both cases, nothing is required from the other parent.
• Loan agreement , if the buyer has a mortgage (original and copy);
  According to Art. 19 of Federal Law No. 102-FZ of July 16, 1998, mortgages are also subject to mandatory registration. The state duty for this is 1,000 rubles, it is paid by buyers - paragraphs. 28 clause 1 art. 333.33 Tax Code of the Russian Federation.
• Receipt for payment of the state duty for registering the transaction (original);
  Details will be provided at the MFC/Registration Chamber. You can pay the state fee at the checkout or at any nearby bank. It is 2,000 rubles - pp. 22 clause 1 art. 333.33 Tax Code of the Russian Federation. It is paid by buyers according to the size of their future shares in the purchased apartment, because the ownership right is registered in their name - Art. 17 of the Federal Law of July 13, 2015 N 218-FZ and clause 2 of Art. 333.18 Tax Code of the Russian Federation. The commission is around 50 rubles.
• If a representative acts for the buyer in the transaction, then from him a passport and a notarized power of attorney (plus copies). There is no need to submit a passport of the buyer-principal.

Other articles
After purchasing an apartment, you can count on a refund of 13% of its cost in the form of a tax deduction (up to 260 thousand rubles)

Transferring an apartment and receiving money

After registering the transaction, the buyer receives a registered agreement and an extract from the Unified State Register of Real Estate, indicating that an entry has been made in the register. The seller is given only his copy of the contract. The next stage is the transfer of the apartment and the execution of the transfer and acceptance certificate. It is drawn up in two copies, and if the buyer attracts borrowed funds - in 3 (+1 for the bank). Based on the registered agreement and the transfer and acceptance certificate, the bank gives the seller access to the money. This concludes the transaction for the independent sale of the apartment! Congratulations!

Text: Daria Morozova

Buying an apartment in a new building

When purchasing an apartment in a new building, the buyer must receive the following list of documents from the construction company:

Investment contract

It specifies the conditions for the construction of an apartment building, the responsibilities of the developer and the deadlines for their implementation.

Project declaration

Contains information about the owner of the land plot, cadastral information, information about the financial position of the construction company.

Construction permit

Issued by local authorities to the developer before the start of construction work. Make sure that the permit indicates a specific (your) property.

Documents for the land plot

The developer must own the land either as a freehold or as a long-term lease. Check whether multi-family residential buildings are allowed to be built on this site.

Insurance contract

Mandatory document since 2015. The insurance policy covers the construction company's expenses in the event of bankruptcy.

Constituent documentation

This includes the company’s charter, tax identification number, protocol on the appointment of a director, and an extract from the Unified State Register of Legal Entities. Check the information received from the developer with the data available to the Federal Tax Service. Make sure that the building and land permits are issued by this organization.

Conclusion of project documents

Contains information about the state examination and compliance of the project with legal requirements.

If the purchase of an apartment is carried out on the basis of an equity participation agreement (DPA), then it is attached to the given list of documents. It must contain information about the participants (the shareholder and the developer), information about the property, the timing of construction work and the cost of the apartment. The agreement is submitted to Rosreestr in 3 copies.