These apartments are 20-30% cheaper than the market. If you clearly know what you want and realize that enough money, do not have endless view. Have a professional Realtors have that sort of rule that the customer must make their choice at 5-6 viewing. In general, it is justified. If a realtor pro, then it will only offer suitable options. In my practice, there were people who viewed more than 50 apartments. Believe me, they have the hell of a lot of trouble themselves, tortured estate agent, and eventually took an apartment is worse than initially proposed. Time passed, prices jumped, and had to take not what you like, and what's left.
Okay, apartment chosen. Now we have to pay an advance or deposit to "stake out" option you like. What's the difference. Under current law, if the party receiving the deposit waives the transaction, then it should return advance in double time. That's the whole difference.
If you refuse the deal, no down payment, no down payment seller will not return to you. But I've never seen a down payment returned voluntarily to double. Almost certainly you will have to go to court, pay court costs, spending lots of time to meetings and litigation. Therefore, the parties usually agree to return only the input amount no matter what the name of the contract. You, as buyer necessary to insist that it had been prescribed certain conditions. After all, you have a mortgage, which means increased demands on the documents and terms. First, be sure to specify in the contract that the apartment is purchased and a mortgage loan. Second, specify the list of documents that the seller should provide you with. Prescribe that the sellers agree to put in an apartment representative assessment of the company. It is also necessary specify in the contract that all documents must be provided to you within 5-10 days prior to the transaction or the termination of the contract. After all, if you get the documents on the last day, we prepare all necessary documentation to deal would be unrealistic, and the next day, sellers can advance or deposit you will not return, and again put the apartment up for sale. It's you of the provision did not come to a deal. Also specify in the contract that case of failure of the bank to provide credit for the purchase of the apartment or take out an insurance company for insurance of this apartment, down payment (deposit) will be returned in full. For hedging, the contract is better conclude the month. Documents can be collected is usually 7-10 days, plus 10 days to prepare the transaction – for 20 days and 10 days at different force majeure. Get faster – great. Have problems – you have time to spare. If you work with a realtor, adjust it to the fact that he regularly reported to the work done. Keep your finger on the pulse. Call the bank, specify the situation. With real estate agent talk at least 3-4 times a week. After the flats call bank at least 2 times a week. It's your deal, your apartment, so do not let things take their course. And how is the deal, we'll talk in the next article.