Speaking about the shortcomings of the used apartments, first of all, you should pay attention to the very determination of the secondary real estate market: in such apartments, someone lived before its sale. Based on this, we can conclude that the probability of the implementation of other transactions, and in certain cases, and their whole series. Other prescribed people, for example, minor children or owners who are in places not so distant, may also be in such apartments. The apartment must be checked for legal cleanliness. Otherwise, there is a chance that you will not be the only owner, but in some cases the entire transaction for the sale or purchase of an apartment may be invalidated. So remember this if you are going to buy an apartment.
Not a single minor child should be spelled out in the apartment. If they are present, then they must not only be discharged from the apartment, but also registered in the new.
None of the seller’s spouses should apply for an apartment. The legislation provides that a wife or husband has the right to own housing, even if they were not actually registered in the apartment.
Particular attentiveness should be treated by transactions carried out by proxy. The authority of the seller must be checked. The maximum duration of the power of attorney is no more than three years. If such a period is not indicated in the document, then the validity period is no more than a year.
Another significant drawback of the secondary real estate market is the high cost of apartments compared to the apartments of the primary market. If we are talking about a quality apartment, then its cost will be higher than similar on the “primary”. The acquisition of an apartment in the secondary market involves the direct participation of a realtor, which will monitor the documentary execution of the transaction.