How to transfer money for an apartment to the seller
The issue of transferring money is very serious when it comes to real estate transactions. After all, we are talking about large amounts. It is extremely important to take care of your safety, the safety of funds for both the buyer and the seller. So, what should I know about possible ways to transfer money?
Only notary support of transactions!
The legislation of the Russian Federation strictly stipulates the moment of participation of the notary in any transactions with real estate. A notary can be engaged not only for registration of the purchase and sale agreement – this person is able to provide a secure payment.
Remember! You can not enter into a contract to buy an apartment without a notary – such documents simply will not have legal force.
You can pay the seller in different ways:
Payment in cash
In the presence of a notary, immediately after confirming the registration of the transaction, the buyer can transfer the entire amount of the apartment price (with the exception of the previously given Deposit) in cash.
The seller has the right to count all the banknotes, view their authenticity on a special machine (most notaries have such equipment) or in a Bank. After receiving the money, the person also writes a receipt stating that the payment has occurred.
The receipt is passed to the buyer. Next, the seller decides how to handle the money received: take it with you, immediately put it on Deposit or rent a cell in the Bank for storage.
Cashless payment using a Deposit
You can exclude the risk of losing money if you use the option of transferring it through a Deposit. In this case, the notary prepares an additional agreement under which the buyer transfers the amount of the cost of housing to the notary's account. After signing the transaction and registering it, the seller has the right to receive funds from the notary in any convenient way.
Since the seller agrees on the transfer of money by the notary individually, no one will know when this will happen and how (in cash or by transferring the amount already to the seller's account), except for him and the persons to whom he himself gave this information.
The option is quite safe, eliminating the risk of an attack on the street immediately after the transaction. And this also happens, unfortunately.
Transfer of funds to a Bank account
In this case, the seller receives money for the apartment via Bank transfer. This is stipulated in the contract of sale. The document specifies the day when the transfer of funds should take place. Accordingly, if the transfer is not carried out, the registration of property rights will not occur. Usually the transfer date coincides with the date of the transaction.
Non-cash payments help protect the seller and buyer from loss or theft of large amounts.
Transfer of money using a Bank Deposit box
The essence of it is that the buyer rents a cell in the Bank, signing the appropriate agreement. In the cell in the presence of the seller, the entire amount of funds for the apartment is put. After signing the purchase and sale agreement, the Bank transfers the right to access the cell to the seller, from where he can pick up the money (or immediately put it on Deposit). If the transaction fails for some reason, the access will be transferred back to the buyer.
The option completely removes the risk of possible fraud (when the money for housing is given, and the registration of property rights has not occurred).
How to transfer money to use, everyone decides for himself. You should only remain vigilant, draw up all the papers with a notary you trust, and in any case do not pay anyone until the apartment is registered in your property.
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