Buying real estate at the end of the year can help buyers get better prices, but it is also easy to encounter legal risks at this time.
At the end of the year, many people need money to cover expenses and prepare for Tet. Due to the urgent need for money, some people may sell their real estate at attractive prices. Accordingly, buying real estate at this time can help buyers get a better price than at other times of the year.
However, if buyers are too hasty in buying real estate at the end of the year, they will easily encounter legal risks at this time.
To avoid risks, lawyer Nguyen Son Tra, representative of TNTP International Law Firm & Associates, said: Buyers need to carefully check the legal documents and condition of the property.
Attorney Nguyen Son Tra
Key issues to check include: Real estate has a Certificate according to the provisions of law; Real estate is not in dispute over ownership; The seller is in possession of the home for a limited period; Real estate is not subject to seizure or is subject to temporary emergency measures or preventive measures; Real estate is not subject to a decision to reclaim land, a notice of clearance or demolition of housing.
At the same time, buyers should not declare the purchase value of the real estate in the contract lower than the actual price to avoid the risk of the tax declaration not being accepted by the tax authority. In addition, buyers may be subject to the risk of being administratively or criminally sanctioned for tax evasion.
Buyers need to prepare a complete and thorough real estate sale contract. The preparation of a real estate sale contract should be consulted with legal service providers.
Real estate sale and purchase contracts must not lack important terms such as real estate value, handover time, responsibility for violations, etc.
In addition, this contract must be notarized at a competent notary office to ensure its legality. Forms of signing real estate sale and purchase contracts without notarization such as handwritten documents or notarized documents... will not ensure the legal requirements on the form of signing real estate sale and purchase contracts.
Buyers should agree to pay for the house and land in installments to reduce risks and ensure their rights during the transaction.
"Careful legal preparation when buying real estate at the end of the year will help buyers limit unwanted legal risks and limit losing money during the end of the old year and the beginning of the new year. To minimize risks, buyers should contact lawyers for detailed advice," said lawyer Tra.
Source: https://diaoc.nld.com.vn/nhung-luu-y-khi-mua-nha-dat-trong-dip-cuoi-nam-196241217171614328.htm
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