How to safely buy a car or property with your hands

Buying from a private person is cheaper than through a salon or a developer, but the parties take all the risks. The danger is concentrated in two points: the legal purity of the object and the moment of transfer of money. Let's do both.

What risks arise when buying a private person

1. 1.the seller is not the owner or acts by dubious power of attorney;
2. 2.at the facility there is an arrest, bail or prohibition of alienation;
3. 3.there is no consent of the spouse to the alienation of jointly acquired property;
4. 4.hidden defects: twisted mileage, traces of recovery after an accident;
5. 5.the money was transferred before registration, and the transaction failed;
6. 6.payment in cash: counterfeit bills, shortfall in recalculation, risk of attack on the road.

What to check with the seller

Passport and coincidence of data with title documents - minimum. If a representative comes, they study the power of attorney: whether it is notarized, whether it is valid on the date of the transaction, whether the powers to sell and receive money include.

For jointly acquired property, the consent of the spouse will be required. Information on debts on enforcement proceedings is published in an open register - the request takes a couple of minutes and shows whether there is a recovery.

How to Check Your Car Before Buying

The VIN number is checked with documents and platforms on the body: broken symbols, fresh paint around the plate is a reason to refuse. Then they look at the history of registrations, participation in accidents, the presence of restrictions and collateral: movable property encumbered with a pledge is reflected in a separate register.

Technical diagnostics on an independent service is mandatory. The lift, computer diagnostics and thickness gauge are cheaper than repairing the hidden consequences of an accident.

How to check an apartment, house or other property

Extract from the real estate register shows the owner, characteristics of the object, arrests, liens and prohibitions. In addition, it is clarified:

1. 1.the basis of the emergence of property rights: contract, inheritance, privatization;
2. 2.who is registered in the premises, whether there are minors;
3. 3.the presence of debt on utility payments;
4. 4.legality of redevelopment.

The contract is notarized or at the registrar, after which the transfer of ownership is recorded.

How Does Secure Payment Through a Bank Work

The parties come to the office with a contract. The specialist checks the documents, authenticity and number of banknotes, fixes the rate at the time of the operation and calculates in Belarusian rubles. The money is credited to the seller on the day of the transaction.

For large amounts, the bank asks for information about the source of funds - a requirement of legislation, not a whim of the branch. After the calculation, the recipient disposes of the amount freely: withdraws cash, leaves in the account, deposits or leases a cell. How the procedure is arranged and what to take with you, describes the section Safe transaction.

How secure settlement differs from escrow, letter of credit and ordinary translation

The usual transfer has nothing to do with the fulfillment of obligations: the money is gone – there are no levers left. Letter of credit and escrow are built on the condition that the bank discloses the amount after submitting supporting documents; the procedure is longer and usually paid.

Secure settlement solves another problem - removes the risk of counterfeit bills, losses on conversion and transportation of large cash, and the recipient sees the transfer immediately. The choice depends on the priority: control of the moment of disclosure of the amount or the speed of the transaction.

Step-by-step checklist of safe purchase

1. 1.Check the object and the second party on documents and registries.
2. 2.To fix the agreements: deposit or advance with a receipt, where the purpose of payment is indicated.
3. 3.Agree on the place and method of payment in advance, before signing.
4. 4.Sign a contract of sale and certify it.
5. 5.Pay through the bank.
6. 6.Sign the act of acceptance.
7. 7.Register the transfer of rights or re-register transport.

Frequent buyer mistakes

1. 1.Advance to check the documents, “to hold.”.
2. 2.A receipt without specifying what the money was received for.
3. 3.Understatement of the amount in the contract at the request of the second party.
4. 4.Inspect the car in the evening, in the rain and without a lift.
5. 5.Transfer of large cash in an apartment or car salon.

Checking the object and competent calculation cover most of the risks. You can specify the conditions and register for the operation at BelVEB Bank - the service is available by appointment.