There are often situations when someone sells extraliving space and wants to make a deal as quickly as possible, but as luck would have it for buyers willing to pay right now, they don’t - everyone is planning to get their own square meters by resorting to a mortgage loan. How to sell an apartment in a mortgage, but not in cash? What nuances await you as a real estate seller if you are ready to contact a bank customer? What is the difference between the sale of housing through a mortgage from the usual scheme with payment for its own expense?
What are the advantages of selling it through a mortgage?
Do not worry about a number of formalities ifyou are thinking about how to sell an apartment in a mortgage - the bank will take over or obliges the borrower to fulfill some of the concerns about preparing documents, conducting an independent assessment, proving the legal purity of the transaction and collecting other documents. This is a huge plus.
Before you sell the apartment in the mortgage,find out for yourself: you will absolutely get the money exactly on the day when it is stipulated by the terms of the contract, and there will be no problems with the security of payments - the bank will control the process of transferring funds. In addition, you are definitely not waiting for any bases and frauds with counterfeit bills or an agreement executed in favor of third parties.
By the way, even in the seasonal market downturnreal estate or during a crisis, you can sell your living space, because the buyer will be able to take money in the bank, and not rely on their own strength. You do not even have to make discounts.
What is the difference in the sale of living space through a mortgage?
For a while, you will be suspendedcondition. We will have to wait for the bank’s decision to issue a mortgage loan to purchase a specific apartment, but then everything will go fine - the procedure for arranging a mortgage in all financial structures is already established, and you don’t need to think which step is next - everything is thought out by the lender.
Sweat while preparing the property forthe sale will have to the buyer and the seller. The bank will require a solid package of documents with data about the apartment being purchased. Deciding how to sell an apartment through a mortgage, you need to first prove that it meets the stringent requirements and conditions of mortgage lending of this particular bank.
When submitting documents for registration, as well asapplying to the bank in the package should be all the papers on real estate. The bank does not issue a loan for illiquid assets, and the living space should be sold at the market price. So it’s impossible to cash in on square meters of obscene quality at an inflated price.
To sell an apartment on the mortgage Sberbank quitePerhaps, despite the opinion that this is the pickiest creditor in the country. But he has every right to be so, because he offers the lowest cost of borrowed funds and ensures high reliability of transactions.
