6 principles of safe payment when buying a house or land

1. Legal check

Before deciding to buy, carefully check the legal documents of the house and land such as red book, land use right certificate, construction permit (for houses), and other related documents. Make sure that all these documents are legal and in accordance with regulations.

Check seller information: Make sure the seller is the legal owner of the property by checking the ID card or citizen identification card and comparing it with the information on the red book or land use rights certificate.

2. Prepare sales contract

Real estate purchase and sale contracts must be drafted in detail and clearly, including full information about the buyer, seller, transaction value, payment method, and commitment terms.

After drafting the contract, take it to a notary office to have it notarized. A notarized contract has high legal value and protects the rights of both parties.

3. Determine payment method

Bank Transfer: Avoid cash payments and use bank transfers instead. Not only is this safer, it also gives you clear evidence of the transaction in case of a dispute.

When making a bank transfer, keep the transfer receipt or transaction confirmation from the bank. This will give you evidence to compare and check later.

4. Check the property before payment

Check the property condition: Before paying, come and check the property condition again to make sure that there are no problems with the property since the previous inspection.

Check the utilities and related services: For residential properties, carefully check the utilities and related services such as electricity, water, sewerage, security, and other amenities.

5. Determine payment time

Progress payments: Instead of paying the entire amount at once, agree to pay in installments. This protects you if problems arise during the transaction.

Full payment before handover: Make sure you have paid in full and received the house and land handover documents before signing the final handover contract.

6. Get legal help

Legal advice: If you are not clear about the process of buying and selling real estate, use the consulting services of a real estate lawyer. The lawyer will help you check the law, draft the contract and ensure your rights.

Cong Hieu (synthesis)

Source: https://vtcnews.vn/6-nguyen-tac-thanh-toan-tien-an-toan-khi-mua-nha-dat-ar908842.html