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HOW TO BUY A HOUSE IN LVIV AND NOT BECOME A VICTIM OF SCAMMERS

15.01.2020

Housing is an expensive thing. Therefore, the purchase of a real estate is a responsible event. Unfortunately, fraudsters still feel comfortable in the market. And their actions are sometimes worth the extra cost.

There are several ways to recognize fraudulent schemes and not fall into such a trap; to buy a home in Lviv and stay satisfied.

THE MOST COMMON SCAMMING SCHEMES

Such schemes include:

⭓ Buying emptiness. The investor invests money in the house at the initial stage, but then the work does not continue after the phase of foundation, and the developer disappears.

⭓ The promises are not true. The house is presented as a project of luxury housing, but in fact it is a typical multi-storey apartment building, the price of which is unreasonably high.

⭓ Forgery of documents. The purpose of fraudsters - to sell the apartment several times.

There are also various other schemes, such as the construction freezing or deferment without compensation to investors.

HOW NOT TO GET ON THE HOOK OF SCAMMERS

Risks can be minimized as follows:

⭓ Collaborate with a real estate agency or a developer. You can buy a home in Lviv from the previous owner only after checking the property rights, the number of people registered in the apartment and so on.

⭓ In the case of purchase directly from the developer, its reputation and experience will play the key role. Companies that have been in the market for more than 5 years are not interested in fraud, as it will ruin their reputation.

⭓ Check company reviews using cross-search on different sites.

⭓ Check the documents: permission to start construction in this area; permission to use the territory specifically for housing construction; construction plan, etc.

⭓ Get information about contractors, materials.

⭓ Check the ways of investing, for example, whether the developer uses the fund, how transparent his financial policy is.

⭓ Careful study of the contract, it is desirable to seek the help of a lawyer.

And then it remains to visit the construction site. If the company that implements the RC project invites you for a review, it is already a sign of its honesty.