Transferring money for an apartment. Methods of transferring money from the buyer to the seller: which one is safer At what point does the transfer of money to the seller occur?

People planning to buy an apartment are especially concerned about the issue of settlements for the transaction. Today, four methods of transferring money are most often used. Not all of them are safe and comfortable. Specialists from the Federal Notary Chamber told the RIA Real Estate website about the pros and cons of each method.

From hand to hand

Transferring real money is the most unreliable and unsafe method. It is often chosen by people with conservative views, who are accustomed to keeping their savings not in a bank, but in a bottle. Or those who would like, for example, to avoid paying taxes. This is also a favorite type of payment for people making a sham transaction, as well as for those who plan to deceive the seller. It is with this archaic method of transfer that counterfeit money is most often used.

This scheme is a gift for robbers acting on someone’s tip: there are a huge number of attacks on those who are going to make a deal with a treasured suitcase or, in order not to attract too much attention, with a good old sports bag. “And the seller is not happy. So, Muscovites Pavel and Alexandra, who recently sold the three-ruble ruble left over from their parents, will for a long time remember the buyer who came to the transaction with a package of money. The joy of a successful transaction was mixed with fear - what to do - then? How to travel across the whole of Moscow with ten million in a package?,” recalls the case in the Federal Notary Chamber. Therefore, notaries recommend abandoning this method of payment immediately.

Bank safe deposit box

This method can be called the most popular and at the same time archaic and unsafe. A safe deposit box is a small safe that the parties to a transaction rent from the bank. And immediately the first drawback is that the bank only provides security for the cell and control of access to it.

The latter is also a weak point, and both buyers and sellers can suffer. Judge for yourself, it all happens like this: the buyer puts money in the locker for the seller, and the seller can only pick it up in accordance with the terms of the contract, where they are spelled out in detail. Most often, specific deadlines and documents are indicated that the seller must present in order to gain access to the safe. That is, the seller presents documents confirming that the apartment has actually been sold and can take the money. If the seller does not do this within the period specified in the contract, the buyer can take the money back from the cell.

However, there are often cases when money, seemingly counted and deposited in a safe deposit box in the presence of the seller and buyer, is subsequently replaced with counterfeits. It also happens that disguised swindlers with fake documents manage to empty the cell before registering the transfer of ownership.

So in 2016, a story created a stir when, during the sale of an elite apartment in Moscow, a huge amount of 800 thousand euros disappeared from a bank safe deposit box, and the sale of the apartment never happened. Just the other day, the story of missing money happened again in Moscow. This time, 87.7 million rubles were stolen from a safe deposit box, which is more than one and a half million dollars.

As for the seemingly small rental cost per cell, it can unexpectedly increase. For example, you will have to pay for drawing up an additional agreement to the contract, which will detail all the conditions for the seller to receive money; in addition, banks charge an insurance premium for the safe deposit box and take a deposit for the keys to it in case of loss. By the way, if we are talking about a chain transaction, then you will have to rent not one, but several cells, accordingly, it is possible that you will need to pay for additional agreements on them. Often people turn to third-party intermediaries who help compile the entire package of documents necessary to access the safe, but this will certainly significantly increase financial costs.

Another nuance is that some people are faced with the fact that when concluding a rental agreement for a safe deposit box, they do not pay attention to its size (the lockers are different), this leads to the fact that the money simply does not fit into the safe. It's a small thing, but it causes a lot of problems.

Letter of Credit

A letter of credit is called one of the modern methods of non-cash payment. This is a conditional monetary obligation accepted by the bank on behalf of the payer to make payments in favor of the recipient of funds upon presentation of documents by the latter. On the one hand, the advantage is obvious - it removes all the risks associated with transporting money.

The scheme works like this: the buyer and seller enter into a letter of credit, in which they indicate information about the conditions for notifying the parties and payment, and the details of the parties to the transaction. The seller opens a special account in his bank, to which the buyer’s bank will transfer the required amount. That is, funds are, in fact, transferred to the seller’s account even before the transaction begins. They will become available to the seller when the transaction is completed and the bank receives all the documents necessary to confirm this fact.

The main disadvantage of a letter of credit, which is why this payment method is not popular, is its complexity. But in addition to the complex paperwork, people are also confused by the need to pay commissions. Their size depends on the amount of the transaction, and we are talking about the sale of real estate, which costs a lot of money. It is for these two reasons - very expensive and too complicated - that letters of credit are rarely used.

Notary deposit

You can transfer money when buying a home through a notary deposit. Initially, a notary deposit is the acceptance by the notary of funds and/or securities from the debtor for their subsequent transfer to the creditor.

However, from January 1, 2015, it became possible to use a notary’s deposit not only as a method of settlement between creditor and debtor, but also in real estate transactions. A notary's deposit is a full-fledged, modern and convenient tool for settlements of transactions, which ensures the security of both the parties to the transaction and the settlements themselves.

The deposit payment scheme works like this: the buyer transfers money to a special deposit account of the notary. Then the notary who certifies the transaction will himself transfer the funds to the seller as soon as its conditions are fulfilled, that is, as soon as the buyer’s ownership is registered with Rosreestr.

As we can see, the mechanism is civilized, extremely simple and reliable.
Using a notary's deposit in purchase and sale transactions will help save money, avoid unnecessary risks and make the procedure convenient and safe for both the buyer and the seller.

The notary does not have the right to store in the notary's office the sums of money accepted as deposit. To store funds, only a special deposit account of a notary in a bank is used.

An additional guarantee of the reliability of settlements through a notary’s deposit is the fact that in the event of the bank’s cessation of operations, these funds are withdrawn from the bankruptcy estate. “That is, even if the bank “bursts,” immediately after the bankruptcy trustee arrives at the bank, the money that was in the notary’s deposit account will be immediately transferred to the notary, who, in turn, will transfer it to the owner of these funds. Thus, the notary’s deposit is protected and from such a risk as sudden bank bankruptcy,” explains the Federal Notary Chamber.

Another advantage of a notary deposit is the cost of using it. When calculating a transaction certified by a notary, it will be only 1.5 thousand rubles.

When buying an apartment, most citizens make the most expensive purchase of their lives. And the issue of security in such transactions is far from secondary. The buyer needs to carefully check the condition of the apartment, its legal purity and agree with the buyer on an acceptable method of transferring money.

Let's find out how to pay more profitably, safer and more conveniently when buying an apartment?

The last stage is the transfer of money for residential premises. The payment procedure when purchasing an apartment must be agreed upon by both parties and agree with everyone - otherwise the transaction simply will not take place.

There are not many different ways to pay for purchased real estate. The main choice that needs to be made is between cash (“live” money) and non-cash (through accounts opened at a financial institution) form of payment.

According to statistics, about 95% of settlements for purchase and sale transactions of residential real estate occur in cash. And there are quite a lot of ways to do this. The differences are in price, convenience and safety of the procedure.

Letter of credit payment is available for individuals.

Payments for cash purchases

The option lying on the surface: the easiest to implement, but has its own seamy side - the moment of transferring money.

Formally, the transfer of ownership occurs at the time of state registration. registration of the purchase and sale of housing at the Registration Chamber. But Mr. registration occurs 10 days from the date of submission of documents (if the purchase involves a mortgage, a little faster - after 5 days). So, when should you pay?

1. Prepayment. The funds are transferred before the paperwork for the transfer of ownership of the property is completed at Companies House.
2. Payment upon delivery. First, the new owners' right to housing is documented - and only then is payment made in cash.

Both methods have pitfalls: in the first, the buyer risks ending up without money and without an apartment, in the second, the seller. And a large sum of money, and even in cash, can be a good bait for all kinds of scammers and robbers.

Let's say you need to resort to cash payment. How to pay in cash and minimize the possibility of ending up broke?

• Confirm the transfer of funds with a receipt(indicating the passport details of the recipient, the transferred amount in words and the purpose of the transfer);
• Don’t be lazy to take a reliable companion with you(friend, relative, etc.);
• Choose your money transfer location carefully- it should be a crowded, clearly visible place, preferably with CCTV cameras.

A third, unbiased and reliable party - a real estate agency or a bank - can also secure the transaction.
The realtor is not that reliable. First of all, because its reputational risks in case of failure to fulfill the role of guarantor are less than those of a bank.

If we talk about the participation of third parties in the transfer of money, then we will dwell in more detail on the bank.

Paying for an apartment through a safe deposit box

This is done by temporarily (while the documentation of the sale and purchase and the transfer of ownership of the property is taking place) accepting cash for storage.

A bank can hold clients’ money on two bases:

1. Individual safe storage. Here, contractual obligations arise between the bank and the person who will receive the funds.
   The scheme of action is very simple: the seller will receive the key to the box containing payment for the property after fulfilling all the conditions of the sale - and not earlier (i.e., the buyer who puts funds in the box does not risk being deceived). There are no additional conditions.
2. Responsible safe storage. In addition to the main agreement (from the first paragraph), an additional agreement is signed. It indicates the identification data of the person who has the right to withdraw the stored money from the cell.
3. Tripartite agreement. Signed by the buyer, bank and seller.
   Divides the terms of access to the depository box and the money in it between the parties to the purchase and sale so that they do not overlap. Date of placement of money + Period of state registration of transfer of ownership + Time reserve (approximately 5 working days) = period during which the seller can collect the money (if he provides confirmation of fulfillment of his obligations to the bank).
   As soon as this period has expired, the buyer can return the money, because he did not receive the apartment.

It is better for both parties to place funds in a safe deposit box when purchasing an apartment to avoid doubts about the completeness of the amount, the authenticity of banknotes, etc.

Cash transfer must be confirmed by a receipt from the seller.

Additional expenses

The bank provides storage services on a paid basis, and their conditions may vary:

• rental period - from 1-2 months. (banks usually do not offer daily and weekly rentals);
• payment depends on the volume of the cell (in cubic cm), guideline - 1200-3000 rubles/month;
• Additionally, you can order the service of recalculation and verification of the authenticity of banknotes by qualified bank employees (cashiers). After verification procedures in the presence of all interested parties, the money is placed in a bag and sealed.

As a rule, bank fees are borne by the buyer, like most other expenses. Although this is certainly a subject for negotiation.

In addition, if an apartment is purchased through a mortgage (or simply one of the parties is served by a bank), the latter can provide its premises (specialized counting rooms, negotiations) as a safe place for settlements on the purchase and sale transaction. Of course, such issues are agreed upon in advance with employees of the financial institution.

Purchase via bank letter of credit

Using a bank letter of credit when purchasing an apartment is an alternative to a safe deposit box, suggesting the highest degree of reliability of the money transfer operation.

A letter of credit is an irrevocable obligation of the buyer to pay the seller an agreed amount after he has provided a properly executed package of documents. Information on the correct execution of documents when purchasing an apartment -. That is, the buyer will not be able to cancel it at his own discretion, without the consent of the seller. This obligation is guaranteed by the bank that issued the letter of credit, and it also checks the documentation provided by the seller - thus protecting both parties.

It is often mistakenly believed that a letter of credit account is available only to legal entities. In fact, an individual can also resort to this form of payment (it is enough to be legally capable).

The short procedure is as follows:

1. The buyer opens a special bank account and places the required amount of money in it. The bank will not provide access to the account without fulfilling a number of conditions.
2. The bank issuing the letter of credit will notify the seller that money in an amount not less than the cost of housing (the balance of the amount after the deposit, any other agreed upon by the parties) has been deposited into the account.
3. The seller will have the right to withdraw the amount due to him only by providing the documents specified in the letter of credit - confirmation of the transfer of ownership, registered by law in all territorial bodies of the Federal Reserve System. For example, an extract from the State Register of Rights to Real Estate or a copy of the registered one.
4. Otherwise, after the expiration of the established period (when it is already clear that there will be no transaction), the buyer will regain access to the account and transactions on it.

Failure to meet the deadline for submitting a package of documents to complete settlements on a transaction may occur due to:

• evasion of one of the parties (failure to appear at the Registration Chamber and lack of a power of attorney for the right to represent interests);
• availability of an application for suspension or complete refusal to register a transaction;
• errors and violations identified in the documents, incompleteness of the submitted package (here the delay is initiated by the government agency). How to check the cleanliness of an apartment -.

Transferring money when selling an apartment can occur in several ways, depending on the method of payment for the property. There are different ways to contribute the cost - a down payment, payment in cash or through a safe deposit box, wire transfer or with the help of a realtor.

Cash payment method for real estate: nuances and features

If we consider a typical question about cash payment, it is worth considering a number of requirements for processing a purchase and sale transaction. There are three options for paying for real estate:

1. Method number 1. Payment is made before signing the contract for the sale of the apartment and notarization of documents. Example - the money has still been transferred to the real owner, but the contract has not been signed. Risks - the buyer may lose finances and real estate if obligations are not fulfilled in good faith.
2. Method number 2. Payment after signing sales agreements. Example - the documents have been signed, the money has not yet been transferred. In this case, the seller is at risk.
3. Method No. 3. Payment after signing the agreement, but before notarization. When the document is signed but has no legal force, the money is transferred. After this, the contract is certified by a lawyer who must be present at the transaction. Witnesses whose details are indicated in the contract can also serve as insurance.

Money authentication

All banknotes must be checked for authenticity. The seller needs to take care of this in advance; this is his direct responsibility. Otherwise, after accepting payment, no one is responsible for the authenticity of the banknotes.

When checking yourself, you can:

• contact a notary office - they have a detector;
• buy a detector yourself;
• take the detector from the intermediary;
• check authenticity with the bank (additional payment will be required).

After the seller is convinced of the authenticity of the money, the parties sign the contract, or, having signed it the day before, the documents and keys to the apartment are transferred to the new owner.

You can also purchase an apartment for cash through a bank. In this case, all agreements are drawn up exclusively at the bank. In front of the employees, an agreement on the transfer of ownership rights is signed, then settlement takes place. The documents do not require additional certification; money verification is carried out at the request of the seller. If the bank only checks the money, and the actual purchase of the apartment and signing of documents is done in the office, then the seller and the buyer must first:

1. draw up contracts with a notary;
2. then go to the bank to transfer the money;
3. without money, return to the office to sign papers;
4. papers sealed with money in envelopes are sent for verification by the bank;
5. the parties await verification, after which they come to the bank;
6. then the transfer of ownership of the property takes place.

This method is too complicated and risky - it is unlikely that the seller and buyer will want to travel several times with a large amount of money around the city (or beyond).

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Cashless payments - ironclad guarantees or disadvantages and risks?

In case of non-cash payments, payment for real estate is carried out only in national currency from the buyer’s account. He may have several accounts in different banks or cities. Debiting funds between correspondents of the same bank is cheaper; if accounts are opened in different banks, the buyer pays the commission.

The bank acts as an intermediary. A tripartite contract is concluded between the parties- the third party is the financial institution itself. According to the drawn up agreement, money is debited from the buyer’s account and transferred to the seller’s account after providing all signed and certified documents. Risks in this case are excluded.

If for some reason the seller refuses to pay for the transaction, the bank will cancel the transaction and the contract will be declared invalid. This will allow the seller to avoid force majeure circumstances.

The seller must also provide the bank with an extract from the apartment at the time of payment. In this way, the rights of the buyer are protected. Otherwise, the bank is not responsible for further actions with real estate. The buyer may refuse to pay for the property if such certificates are not available, or may make the payment at his own peril and risk.

Possible risks for the seller and buyer

If the deal “falls through” on the eve of payment for unexplained reasons after signing the contracts, the buyer can return the money from his account through the court, providing explanations and arguments why this situation occurred. The court may regard the circumstance as a possible scam. It should also be understood that when working with a bank, both parties will have to pay additional costs.

There are risks for both parties - if the bank suddenly declares itself bankrupt, the money in the buyer’s account will be frozen until the financial institution solves the problem. In the best case, as practice shows, you can get the money back only after several years.

​The most common method of transferring money when selling an apartment. The buyer parts with his money after signing the contracts. The bank checks the finances for compliance with the amount declared by the seller. Until the documents are signed, all money will be kept in the buyer's safe deposit box. Once the documents are received by the buyer, the bank, upon notification of both parties, transfers the amount to the seller's safe deposit box or account. He independently verifies the authenticity of banknotes after the agreement comes into force.

If the transaction does not take place, the buyer has the right to withdraw the entire amount of money from his cell, despite the will of the seller. In this case, neither party is required to account for why the deal “fell through.” The Bank acts as an independent official intermediary.

Selling real estate using a letter of credit

The operation is similar to the one carried out through a bank cell, but in this case all expenses are reflected only to the bank participants. That is, the buyer transfers the amount of money to the seller, then the contract is signed. If the transaction is postponed, the seller cannot withdraw the money; it is blocked in the account until the contract is canceled. If the seller is unable to receive and verify the money and the buyer is willing to wait, the money remains blocked in the buyer's account.

As soon as the buyer becomes the owner of the property by decision of the contract, the seller receives money. A certificate of real estate must be submitted to the bank to unfreeze the account and transfer the amount.

Payment for real estate when a deposit is required

When requiring a deposit from the seller’s bank, the buyer is obliged to use such methods of transferring money as:

• seller's letter of credit;
• buyer's cell with transfer of funds only to the seller's account.

The deposit must be issued on the day of registration of all documents and purchase of the apartment. That is, the buyer leaves a deposit and pays a sum of money, and in return receives an apartment. Once the buyer becomes the owner, the apartment falls into the list of bank debts until the full amount of money is transferred to the seller. The bank will monitor the buyer's deposits as well as the seller's account for additions.

The risk of selling an apartment for less than full value using collateral is minimal. But there is a nuance - the seller chooses the method of receiving money himself.

A buyer who is dissatisfied with the proposed payment options can look for another apartment to purchase. The bank does not have the right to change payment methods to which the seller agrees.

Sale of primary and secondary real estate

All of the above payment methods for real estate are suitable for purchasing a secondary market apartment. If the buyer wishes to purchase real estate from the developer (legal entity), then all financial transactions and transactions are carried out through the company's agency or bank.

1. If an apartment is purchased in installments, the buyer can partially make a down payment in cash to the company’s account at one of the agencies or cash desks. Other payments are made through the company's bank account.
2. If an apartment is purchased at full price, all money is transferred by bank transfer, but to a special account of the agency, which signs an agreement with the buyer. The developer then receives his share of the sale of the property.

Since 2017, another method of paying for apartments in new buildings has been provided - through escrow accounts, which protect the shared contributions of all participants in the transaction. If the house is not put into operation, construction is frozen, now future residents will be able to get their savings back without loss.

In general, all transactions in the primary market are usually carried out through bank transfer, in the secondary market - in cash, but alternative options are allowed due to the safety and security of all transactions.

A real estate purchase and sale transaction involves the need not only to correctly draw up an agreement, but also to correctly organize the exchange of financial resources. Transferring money when selling an apartment can be done in different ways, each of which has its own advantages and disadvantages. To make the right choice, you should carefully read each method.

The exchange of financial resources can be carried out in the following ways:

• by transferring cash from hand to hand;
• non-cash transfer;
• with the involvement of third parties: a real estate agent or a notary;
• through the bank.

Each of these methods has its own nuances that determine the degree of its safety and convenience.

Payment when paying in cash

The apartment purchase and sale agreement is considered concluded after it is signed by the parties to the transaction. Notarization of a document is an optional, but desirable addition to the formalization of the procedure. In this case, the signed agreement is subject to mandatory state registration, after which ownership of the property is transferred from the seller to the buyer.

Moment of money transfer

Cash transfer of finance is allowed both before and after registration of ownership. But no matter at what stage the calculation is made, when choosing this method, both parties to the transaction risk.

If the buyer transfers money before the contract is registered, it turns out that it goes to the actual owner, who can later cancel the sale, claiming that he did not receive payment.

If payment is made after transfer of ownership, the seller is at risk. Because the buyer, having become the owner of the property, may refuse to transfer money altogether.

Cash transfer procedure

Therefore, if the parties choose cash payment, a number of conditions must be met:

1. Confirm the transfer of money with a receipt. If signed by the parties, it has legal force and can serve as evidence of the fact of settlement. The document is drawn up in free form indicating:
   • details of the parties;
   • description of the object of the transaction;
   • transferred amount in numbers and words;
   • date of settlement;
   • signature of the parties.
2. Ensure the presence of witnesses or have the receipt notarized.
3. Check banknotes for authenticity. The seller must take care of this in advance, because after the money is transferred no one is responsible for it. For such a check, you can contact a notary, a bank, or purchase a detector and pass the bills through it yourself.

The safest way is a safe deposit box

The safest way to pay in cash is to use a safe deposit box. The algorithm of actions in this case is as follows:

• visit to the selected bank of both parties to the transaction;
• renting a safe deposit box for one of them (usually the buyer);
• signing a lease agreement;
• placing cash in a safe deposit box;
• blocking the cell until the transfer of ownership is completed.

The high reliability of this calculation method is due to the fact that an intermediary, the bank, is responsible for the transfer of finances from one person to another. Once the lease agreement is signed and the money is placed in the locker, both parties to the agreement lose access to it. It can be opened only after the transaction is completed. If it is successful and the transfer of ownership is formalized accordingly, the seller will be able to immediately withdraw the money from the cell. And if the deal falls through for some reason, the bank will transfer the funds back to the buyer.

What costs accompany one or another method of transferring money?

Like any service, mediation in the process of transferring financial resources requires payment. If we are talking about cash payments without involving a bank, you should prepare for the costs of:

• notarization of receipt;
• additional payment to a representative of the real estate agency for presence during the transfer and provision of witness testimony if necessary;
• checking banknotes.

If the parties decide to use a safe deposit box, the cost estimate must take into account its payment. It is set depending on the number of days during which funds will be stored in the cell. Thus, attracting a bank requires higher costs, which must be taken into account by the participants in the transaction. You should also clarify who pays for the cell and whether the rental fee is included in the amount of funds placed in it. However, the additional expense is justified by the significant reduction in the risk of fraud for both the seller and the buyer.

Making a purchase through a bank letter of credit

This method is similar to using a cell, because in each case the role of intermediary in the transaction is performed by the bank. But unlike the first method, a letter of credit is used for non-cash payment. The scheme is as follows:

• an account is opened in the name of one of the parties to the transaction (usually the buyer);
• funds are transferred to it, which will serve as payment for the property;
• after the transfer of ownership is completed, the bank transfers funds to the seller’s account, thus acting as a guarantor of the parties’ fulfillment of their obligations.

If the transaction is cancelled, the money will also be returned to the owner. This payment method is safer because no cash is involved in the transaction. This means there is no risk of using counterfeit bills or making mistakes in counting them.

The cost of a letter of credit is higher than when opening a safe deposit box, in addition, it has more difficulties in execution.

Advantages of a letter of credit:

• high degree of reliability;
• no hidden fees;
• the ability to transfer funds to another bank or to another account without withdrawing cash and paying the corresponding interest.

Deposit with a notary

Another option for non-cash payment using an intermediary is a notary deposit. In this case, a special depository account is opened to which the buyer transfers the transaction amount. It is stored there until the transaction is completed, when all formalities with paperwork and transfer of property are completed. Once they are completed, the notary transfers the funds to the seller or returns them to the buyer (depending on the outcome of the transaction). The basis for transferring money to the seller is an extract from the Unified State Register, which records the transfer of ownership.

Using a mortgage

If a buyer wants to purchase real estate using a loan, the specifics of the procedure must be taken into account. The stages of the transaction are as follows:

1. The borrower submits the necessary documents to the bank and awaits consideration of his application.
2. If it is approved, he opens an account and credits it with a certain amount specified by the bank as a down payment for housing.
3. Looks for real estate at a price that matches the loan being issued.
4. After the desired apartment has been found and the owner’s consent to such a payment method has been obtained, he must confirm it with the bank and open an account to receive payment.
5. After collecting all the necessary papers and completing all formalities, the bank transfers to the seller’s account an amount corresponding to the cost of the apartment, taking into account the down payment made.
6. Next, the buyer repays the debt with monthly payments (by the method chosen under the loan agreement).

If the buyer subsequently wants to sell the property that was purchased with credit funds, it should be taken into account that it is pledged to the bank. Therefore, any operations are possible only with his consent.

When a borrower wants to sell an apartment for which he has not yet paid off the loan, the procedure for transferring money is controlled by the bank. It is he who chooses the payment method, as a rule, it is a letter of credit or renting a cell. While the necessary documents are being collected and the transfer of ownership is being completed, financial resources are blocked. The seller can receive this money only after completing the specified procedures and only if it is enough to pay the mortgage debt.

It should be taken into account here that not every bank is equipped with safe deposit boxes. If they are not there, there may be additional significant costs associated with transferring a large amount to a third-party banking organization.

The parties to the transaction can make an oral agreement, according to which the buyer repays the loan, and the seller registers an apartment for him. But this method is associated with certain risks, for example, additional payments for early closure of the debt.

Thus, the most convenient and reliable method of payment will be a letter of credit. The buyer opens a bank account and deposits the required amount of money into it. After completion of all formalities and transfer of ownership, the finances are received by the bank as payment for the mortgage debt.

If a cashless payment for a mortgaged apartment is made before registering a new title, the seller may also deceive the buyer. The loan has been repaid and there is no longer any need to re-register the property. In such a case, the bank may impose a restriction on the transaction, thereby freezing the funds received. Therefore, involving a banking organization as a third party when making any real estate transactions is a way to significantly increase their reliability.

Choosing a bank as an intermediary in the transfer of money has not only advantages, but also disadvantages. The main one is the inability to choose the calculation method. If it is customary for a bank to act through a letter of credit or only through a safe deposit box, no one will change the rules for the sake of one client. Therefore, before going there, you should decide on the payment method and choose a bank in accordance with it.

Risks associated with attracting an organization:

• employee fraud;
• termination of the organization's activities.

In the first case, you can count on compensation, because the bank values ​​​​its reputation. And in the second, a legal successor will be found for the bankrupt, to whom his obligations will be transferred. Thus, the risk of losing money in this case is minimal.

Another feature of the method is the transparency of the transaction. You cannot underestimate its amount for the purpose of tax evasion.

Thus, engaging a bank to pay for an apartment is the most convenient and reliable way.

Additional tips to reduce the risk of financial transfer fraud:

1. The right choice of place if you choose cash payment. You should not transfer money at home or in an unfamiliar deserted place. You should also avoid large crowds of people (shopping centers, cinema halls, etc.). In the event of an unforeseen situation, the guards may not react in time, and it will be much easier for the fraudster to get lost in the crowd.
2. Making an advance payment. If the seller demands to pay a large amount in advance, this is a reason to be wary, because there is a risk of never seeing your money again. The deposit is only a confirmation of the seriousness of the buyer’s intentions and should not amount to more than 5-10% of the purchase price.
3. Attracting professionals. The participation of a qualified lawyer, notary, realtor or bank employee significantly increases the level of reliability of the transaction, because they:
   • due to professional knowledge and experience, they can provide for various nuances;
   • can give qualified testimony in the event of a trial.

Thus, to successfully close a transaction, it is necessary to take into account many nuances that relate not only to the preparation of documentation, but also to the issue of transfer of financial resources.

After checking all the necessary documents ( see previous steps INSTRUCTIONS), we found out the situation with the apartment and its owners, saw, assessed and accepted them ( taking protective actions). It's time for us to cook now money.

We hope that the Seller has not forgotten how we will give him money when buying an apartment– we agreed with him about this at the stage.

Let’s not forget that we have already given part of the money to the Seller in the form of this very prepayment.

Transferring money for an apartment usually happens cash way. The most common and safest transfer option cash To the seller in exchange for transfer - these are settlements through.

The bank here acts as an intermediary that keeps the Buyer’s money in its safe deposit box and monitors the Seller’s completion of the necessary actions to transfer rights to the apartment, and only after that allows the Seller to withdraw the money from the safe deposit box.

Cell is rented by the Buyer, and the Seller’s access to it is clearly stated in the terms and conditions additional agreements (additional agreement to the Cell Rental Agreement), the implementation of which is monitored by bank employees.

Other types cash payments for an apartment , such as calculations in the car, at the entrance, in the office, in a restaurant, etc., we will not consider, because this, by definition, is unsafe for the participants in the transaction, as well as a reason for crime reporting.

Important note! At the stage of recalculation and putting money in a cell, we should agree with the Seller that after the transaction he should give us. Moreover, indicate in it the full amount in figures and words, indicating that the money has been received in full and he has no claims against the Buyer - this gives us additional protection against possible non-payment on grounds ( or incomplete payment) contract.

It would be prudent to prepare a template for this Receipts in advance, because it is in the interests of the Buyer. Herself Receipt signed, as a rule, after transaction registration, and the Seller transfers it to us in exchange for safe deposit box key.

So, we rented a safe deposit box, signed an additional agreement, prepared a receipt, counted the money, deposited it in the safe deposit box - now the bank will guard it. And we'll go sign the contract.