Often buyers wonder exactly how the purchase process works? What actions need to be taken and in what order? In this article we will try to answer these questions.
The first step to buying an apartment, without a doubt, is its selection. About how to properly search and choose we wrote in this article
How to Make the Right Choice When Selecting an Apartment in a New Building?
Apartment reservation in a new building
During the selection process, when you already have several suitable options according to all parameters, a reservation is placed on these apartments. Within one residential complex, developers usually allow reserving up to 2-3 apartments. Reservation can be made either in the developer's office or by sending the reservation electronically via the developer's sales partner.
For how long is the apartment reserved?
Usually the apartment is reserved for three days including the day the reservation is made. If the third day falls on a weekend or holiday, then the last day will be the day following that weekend. Sometimes it is possible to agree with the developer to extend the reservation period by 1 or several days. This depends on how high the demand is for the reserved apartment.
What does an apartment reservation in a new building provide?
The reservation gives you the opportunity to consider several options, while fixing them for yourself for a period of time, so that no one else purchases these apartments while you are deliberating.
Order of apartment reservations
Sometimes a liked apartment may already be reserved by someone else. In this case you can reserve it by taking second place in the queue. Your reservation will automatically become active when the first reservation period ends, the person who made it buys another apartment or cancels the reservation. At the start of sales of popular
new buildings in Odessa the number of reservations for one apartment sometimes reaches dozens.
Is the reservation free, does it entail any obligations?
Yes, reservation is a free service offered by all developers in Odessa. No monetary deposit is required. No, the reservation does not impose any obligations on you; you can cancel the reservation at any time.
Deposit for the apartment
Before the reservation period ends, you need to pay a deposit for the apartment or sign the main purchase agreement and make the first payment. That is, advance payment is an optional stage in the purchase process. It is often used to gather, withdraw from accounts, or borrow a sum of money for the first payment.
What is the amount of the deposit?
Each company sets the deposit amount independently. Often it is equivalent to $1,000 USD. In some companies, it is 5-6% of the apartment's purchase price.
Who accepts the deposit?
The deposit can be accepted by the construction company. Some developers delegate these functions to their sales partners.
How is the deposit transfer formalized?
Depending on who accepts the deposit, there may be several options for its documentary processing. Sales partners often accept money from the client under an agency agreement with the aim of subsequently transferring these funds to the construction company. Construction companies - via a preliminary purchase agreement for the apartment.
What is the period from the deposit transfer to purchase?
Usually the period from the deposit transfer to signing the 아파트 поку
