Buying a second-hand apartment: 3 checks before you sign
3 checks before buying a second-hand apartment
Video transcript
Three checks before buying a second-hand apartment. In the Land Registry extract, check who the owners are and whether a mortgage, an attachment or cautionary notes are registered. In the building file at the municipality, check that the apartment was built in accordance with the permit, because unauthorised construction may pass to you together with the apartment. Only after these checks do you sign a sale agreement that protects you until registration at the Land Registry.
The full explanation: Buying a second-hand apartment: the risk lies in the property and the seller, not only in the price. In a second-hand deal you also buy the apartment's history: its registration, the debts attached to it, and whatever has been built in it over the years without a permit. The role of legal assistance is to uncover all of this before signing and to build a payment mechanism that protects you at every stage.
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Not sure the deal is safe? Let's start with a conversation
In an initial conversation we will go over the property, the other party and the payment schedule, and tell you what needs to be checked before you sign.