How To Sell A Cooperative Apartment | The Property



The Property

How to sell a cooperative apartment

When selling an apartment it is important to take into account the specifics of the form of ownership. Besides the most common privatized and municipal apartments there are also cooperative, and, before you sell one of them, you need to learn the specifics of transactions on purchase and sale of such housing.

How to sell a cooperative apartment

You will need:

- documents on the ownership of the apartment; - The money to pay the fee for registration of property rights.

Instruction how to sell a cooperative apartment

Step 1:

Fully pay the full amount, which is provided by your agreement in a cooperative. Get this statement from the housing cooperative's accountant, in which you make money. The document must indicate that the share in the co-op paid in full and you definitively passed to you in the property.

Step 2:

Register ownership of an apartment in Rosreestra. Accommodation is already considered your property, but the sale is necessary to confirm this. Find the address online Rosreestra department of the institution in your area. Come back with the documents in the apartment. For registration of ownership of state duty payment. After reviewing your application you will be given a certificate of ownership, with which you can make a variety of real estate transactions.

Step 3:

Order in the Bureau of Technical Inventory of your residence apartments plan. Its production takes about a month, but for the official an additional cost, this process can be accelerated.

Step 4:

Find a buyer for the apartment. You can do this on their own - through friends, websites, publications. When you select a note that the purchase of housing with the assistance of the mortgage and the parent capital will take longer than the standard deal with cash. If you need to sell an apartment quickly, contact with people who already have money available.

Step 5:

If you do not have enough time to search for a new owner of the apartment, please contact the real estate agency. For their services they take an average of 4-5% of the transaction value.

Step 6:

Make a purchase and sale transaction. To do this, you will need to sign a contract with the buyer, to get their money, and then register the transfer of ownership in Rosreestra.