Buying an apartment

Exchange money for an apartment is happening in several stages. When the preliminary agreement the seller and the buyer, with the latter might require some amount of bail to confirm the seriousness of intent to buy and sell in order to stop search of buyers. The amount is immaterial compared to the total value of flats (15000-30000 rub.), But enough to feel its loss in the event of disruption of the transaction. Principal amount of money transferred to the seller, usually after the state registration to the sales transaction. Some mortgage banks allow transfer of money to the seller apartment state registration, but in this case the borrower to pay the mortgage accounted for an additional fee. The latter part of the money paid after the signing of the seller and the buyer act reception-transmission flats.

When purchasing an apartment on credit used primarily two ways of settlement between seller and buyer housing. The first - the calculation of cash through armoured cell bank and the second - the calculation of cash money. As part of mortgage payments usually determines the way of creditor banks.

The most common use of armoured cell bank, in which lays the entire amount in cash, including mortgage . Access to all interested parties to the cell - the seller, the buyer and the bank - are only subject to conditions specified in advance. This is the most secure way calculations when purchasing an apartment on credit .

Some mortgage banks prefer a wire transfer mortgage to the seller's apartments. In this case, means the initial contribution buyer housing disposed independently by agreement with the seller. And in fulfilling conditions set forth in the contract of sale of real estate and mortgage contract, the creditor bank transfers amounting mortgage on account specified seller flats.

Completed the purchase of flats in loan -receiving clearance act of putting the dwelling between buyer (mortgage borrower) and the former owner of housing. At the same time the seller from the buyer receives the remainder of the money in the transaction.