What should you avoid when selling a flat?

Investors who decide to buy a second-hand flat often compare the transaction to clearing a minefield, given the various surprises left behind by the previous owners. So how can you sell a flat well and safely, so that the client is 100% satisfied and their expectations are met? That is what today's article is about. Happy reading!

Although developers are reporting record sales, many clients still choose flats from the secondary market. They are attracted by the wide choice and the possibility of moving in quickly. Those interested in second-hand properties can find both a wreck fit only for renovation (which, however, comes with a low price) and a luxury apartment whose price will make your head spin.

First of all, you need to check whether the person selling the property has the right to dispose of it and whether they really are who they claim to be. Looking at the notarial deed (akt notarialny) and the land and mortgage register (księga wieczysta) will help with this. Most registers are available online; all you need is the register number, and you can examine it without leaving home.

The more sources of information about the property are verified, the better. Besides ownership, it is worth checking, for example, any easements. A personal easement means the right of a third party (other than the owner of the property) to use the property.

Before the transaction you also need to check whether the person selling the flat owes any money to the homeowners' association or housing cooperative. While we will learn from the land and mortgage register whether the property is encumbered with a mortgage, the seller should prove that there are no service charge arrears by presenting a certificate. The same applies to utility providers.

Hence the invaluable help of us estate agents, who in a sense stand guard over a transaction that is safe in every respect.

Best regards, Marta Kulawik

Marta-kulawik.pl