Buying an apartment is a decision of utmost importance. Therefore, it is also important
to be well prepared for it and know the course of the entire purchase process.
We have prepared a brief guide to help our Clients choose the appropriate
apartment and conduct an efficient purchase.
Best to choose accompanied by an agent, whose task is to precisely pick the apartment that you are looking for. But before you come to our consultant, you ought to determine: - how many people will be living in the apartment and how many rooms will you need? - consider your life-style and specify whether you need an extra room to work or for guests? - how do you spend your free time and do you like to cook, and what will be better for you: a separate kitchen or kitchenette? do you like to wake up in a room bathed in summer sunshine, or do you prefer to sleep a little longer in the shade? how many cars do you have? One or two? Or maybe you need an extra space for your family’s bicycles?
If possible, we encourage you to enter the construction site and take a look at your new apartment. This is the only way you will be able to see what you are buying. You will be able to see the view from your window and take a walk in your apartment. Of course, visits to the construction site must be above all safe, hence they are only possible from the moment when all the external walls are built and the conditions at the construction site allow for safe access to your apartament.
Once you have decided which premises will be yours, we conclude a reservation contract. This is the moment in which we begin the preparation for the developer agreement. We provide you with all the legally required information on the apartment and the entire investment, so that you can read it at your own pace. If something is unclear to you, we are there for you to explain everything. You will receive an information brochure which will summarize all the most important information on the investment and thoroughly describe the apartment that you selected. Along with the brochure you will also receive a pattern of a notary deed - developer agreement. You have the right to inspect our construction documentation, all permits and administrative decisions. You also have the right to review our financial statements.
After you read through the documentation, we sign the developer agreement at the notary public’s office. It is a legal requirement, introduced by the Act on the Protection of Rights of the Buyer of a Housing Unit or Single-Family Home. The aim of the developer agreement is to secure your interests. It describes exactly when you will receive your apartment, how much will it cost and what will it look like. Based on a developer agreement you will be entered in the land register of the property on which your apartment is being developed. The agreement will also indicate the escrow account number, which is a special bank account where your payments will be collected. This account is controlled by the bank and the bank decides when and what amounts are paid to us as the developer.
This will be the most important moment for you. Upon completing the construction works, we will invite you to the apartment to see the finished product - what previously existed only on paper in the form of a plan. During the handover we will draft a protocol where we will describe that the property was developed according to the agreement and specify its current condition. You can attend the handover meeting on your own or accompanied by someone who will help you assess the results of our work.
Upon accepting the apartment, the transfer of ownership shall be conducted. It takes place at the notary public’s office. This is the last document necessary for you to become the rightful owner of your new apartment. This is also the moment where your apartment acquires its own land and a mortgage register. You can receive the keys to your apartment after the handover, before the transfer of ownership.
Buying an apartment is a considerable expense. Most often, our customers finance the purchase by a bank loan, which is a mortgage credit. You can start the work related to the preparation of documentation for a bank loan at the moment of signing the reservation contract. You also have the opportunity to check your creditworthiness before signing the reservation contract. Our team includes financial advisors who will guide you through the loan process and help you choose the best offer. You are entitled to such support upon purchasing an apartment and this does not involve any additional costs.
Once you choose an apartment and conclude an agreement, it is good to focus on the final look of your new apartment. Therefore, we offer the opportunity to buy the interior finishing package as well. You just need to tell us about your needs related to the apartment and we will take care of the rest. When buying the package you save both your money and time. Finishing out an apartment by us is much cheaper for you than doing it on your own. In addition, you save time. You can receive the finished apartment already upon the transfer of ownership. If you decide to finish it yourself, you will be able to start the works only after receiving the keys.