The developer is gone

Thomas Hawk / photo on flickr

Agreement when buying an apartment from the developer.

Posted: September 10th, 2013 | Author: | Money

Buying real estate in the primary market requires the signature of a much larger number of contracts than usual. This is because, in addition to the same documents for the purchase of housing, we need to legally regulate other issues involving the purchase of an apartment just as the developer, which has already been dealt with long ago.


blinkingidiot / photo on flickr

Complaints and amendments, and the bankruptcy of the developer

Posted: September 10th, 2013 | Author: | Money

Developer Companies that sell homes are not eternal. It may happen that the company will go down. Apartments are also not eternal and free from defects and it may happen that you will want to make a complaint or need a fix. Who to follow in the event of a fall of developer?

Storm Crypt / photo on flickr

Does the deposit should be forfeited if the developer fails?

Posted: September 10th, 2013 | Author: | Savings

Between the signing of various agreements, applying for loans and credit we may research to buy a flat directly from the developer, who probably is waiting for us to pay a deposit, which ensures the financial security of the transaction. But will forfeit the deposit paid if the developer are pending formalities?

seier+seier / photo on flickr

Does the apartment bought from bankrupted developer can be charged?

Posted: September 10th, 2013 | Author: | Money

At a time when the real estate industry does not have the big number of companies in the house, the developers simply collapse. These companies are smaller and less well-established in the market.

Barry Yanowitz / photo on flickr

The developer is gone – now what?

Posted: September 10th, 2013 | Author: | Savings

Real estate industry and developers do not have the situation for months. Now willingness to buy housing from developers is significantly reduced, and developers fall.