Buying an apartment - a serious deal, which requires maintenance. At any moment she may fall for whatever reason - both because of the lack of a document, simply because one party changed its mind. Mortgage buyer runs the risk of doubly - first of all, because it is very dependent on banks. What are the risks faced by mortgage borrowers today and may face in the future, online magazine about the real estate professionals Metrinfo told. Risk number 1 growth market price alternative transaction (simultaneous sale of one apartment and buying another) on the Moscow real estate market is increasingly perpetrated by the mortgage. But people as a down payment using money from the sale or transfer of a mortgage of an existing dwelling. The deal is not easy, inexperienced buyer is very difficult not only to hold her own not only find the right mortgage program, but also the elementary estimate their strength. Trying to solve the problem, the potential buyer runs the risk not only losing time getting one after the other failures in different banks. He threatens a permanent rise in prices - it is possible that in this situation, the loan amount, the bank-approved, not enough to buy the right house Experts say the mortgage market, the most common transaction in fact involves the purchase of an extra room with a mortgage loan. For example, people are changing to two-bedroom apartment. Standard for Moscow mortgage - about 100 thousand dollars. According to average prices in Moscow this money can "expand" the former dwelling of 16 feet. If the price of real estate negotiations with banks grows (now it is growing at about half a percent a month - according to the analytical center "Indicators of Real Estate Market IRN»), then the selected apartment you will not buy it. Correction of mistakes: planning to buy an apartment with a mortgage, you need not begin with the selection of housing, and with a search for bank and credit. You may require the services of a professional - a mortgage broker. This is especially true for borrowers with "problems" - a gray-income, lack of citizenship or permanent residence in the region to purchase housing, minor children, corrupt credit history and so on. Risk number 2 Broker - Realtor does not assume a mortgage broker has calculated for you all the options for the credit line offered a choice of several programs in different banks. But, as head of the training center real estate agency "Triumphal Arch" Roman Vikhlyantsev, a mortgage broker is an expert in finance. It can not be "in the real estate market." That is not to know the details of daily real estate practice, "gotchas" test of legal purity housing difficulties in evaluation. And it may be that the client will not be able to buy the chosen accommodation - the bank will not approve it as collateral due to the fact that the apartment was a problem. And time is missed, so that the first risk - the rise in the real estate market continues in this situation, we threaten. Work on bugs: Realtor should be connected as soon as the broker will calculate for you the actual amount and terms of loans. Two specialists - brokers and real estate agent - should work hand in hand to the time interval between the approval of the bank as a borrower you are, getting credit and the ability to record the transaction as small as possible. Note that the usual practice of the market in a growing market - overvaluation apartment for 5 - 10% of the seller, come true flat "mortgage holders". If the market is "worth it", even during the seasonal summer lull - to buy an apartment with the help of the loan - it's about time. Risk number 3 Delayed registration of the registration process normally deals in the following way. First credit agreement is signed, then - the contract of sale and the mortgage is made flat and mortgage. The bank opens a current account the borrower enrolls and agrees to the loan amount at a certain time to pay the seller of real estate value of the flat. Then the sales contract and mortgage apartment must have state registration. A month later, evidence must be prepared. However, not secret, that recorders often delay the procedure, for example, because of the lack of any copy or unnoticed before typographical errors. The situation is not hopeless, but very nervous. Work on the bugs: you should immediately bring the matter to inform the bank. As a Board, the Director of Capital Mortgage Agency Larisa Bryksa, if the registration of the transaction "hang" for an indefinite period, is to require written confirmation from the Registrar, that transaction is "in work". As a rule, it suits the bank, and arrangements are supported by a supplementary agreement of the parties. If the potential borrower does not take preventive measures, the transaction can be terminated. Risk number 4 If prices go down Yeah, maybe sometimes. Market prices have gone down and the mortgage borrower will be forced to pay the old high prices. History is replete with wonderful examples, for instance - property prices in Singapore during the crisis of the late nineties, have fallen sharply, and mortgage borrowers continue to pay the bills, while the value of their flats was even less money paid by them. And they had to pay more! Of course, we can hardly imagine a similar situation, but the lessons of our native default of 1998 should be remembered. Then the prices dropped to Z0 per cent. Another risk - changes in currency rates. How long will the banks will suffer a falling dollar, or come up with some zamorochki for dollar borrowers, not to be a loser? These sinister stories may well "come out of the gloom," if we consider the crisis of the world financial system. Some errors: According to Artis Veypsa, Director of Development Fund loan, a borrower in good faith should not worry too much. Of course, people who live in an apartment mortgage will be paid on a loan recorded in the contract conditions. If the apartments will fall sharply in price, of course, they miscalculated, but will not incur losses. The real estate market in recent memory was restored after stagnation (and even after the default of 1998), and prices rose further. Real Estate in general more expensive over time, so that by and large, the mortgage borrower always wins. (See our material on the topic of "Flat on credit: how to turn a profit?"). Change dramatically if the exchange rate and the loan will be disadvantageous to the bank (for example, the dollar will fall even more) - Bank losses will bear. If such a change will hit the customer - then you can reflect on-lending and to calculate this option.
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