Recently, Russia introduced the possibility of independent sales of mortgaged apartments. This innovation opens up numerous opportunities for borrowers and changes the real estate market.

If you want to get a mortgage, you can choose a suitable program on the financial portal finance ru. Here, you will find a variety of mortgage programs from different banks, helping you find the most favorable conditions.

What has changed?

Previously, selling a mortgaged apartment was a complex process requiring bank approval and often involving intermediaries. Now, borrowers can sell their mortgaged apartments independently. This innovation significantly simplifies the process and makes it more transparent for property owners.

Advantages of Independent Sale

The independent sale of a mortgaged apartment offers several significant advantages. First, it saves on intermediary services, allowing borrowers to save substantial amounts. Second, the process becomes more efficient, as there is no need to coordinate every action with the bank or a realtor.

Additionally, independent sales give more control over the process. The apartment owner can choose the buyer, negotiate, and set the terms of the deal, increasing the chances of a favorable transaction.

How to Sell a Mortgaged Apartment Independently?

To sell a mortgaged apartment independently, you need to follow several steps. First, you must notify the bank of your intention to sell the apartment and obtain permission. The bank may require you to provide a new borrower who will assume the mortgage obligations.

Second, you need to prepare all the necessary documents, including the sales contract, an extract from the Unified State Register of Real Estate (EGRN), and documents confirming no utility debts.

After that, you can start looking for a buyer. It is important to remember that all transactions must be formalized according to the law to avoid potential problems in the future.

Conclusion

The introduction of the possibility for independent sales of mortgaged apartments opens new horizons for property owners. It simplifies the sales process, reduces costs, and provides more control over the transaction. If you are considering selling a mortgaged apartment, check out the available mortgage programs on the Finance portal to choose the most favorable conditions.