How to buy an apartment in Moscow with a big discount

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

The real estate market also has "Black Friday"! Developers give good discounts on housing in new buildings only three days a year. And they are coming soon.

"Black Friday"? Is this a sale of apartments?

Yes, she is. Once a year, Moscow developers announce apartments and apartments in new buildings in Moscow and the region. The campaign is being held by the Real Estate Professionals Association (REPA), which brings together leading developers and realtors.

"Black Friday" is being arranged for the fifth year in a row. It takes place in the summer and lasts for three days. This year's sale starts at midnight on July 26 and ends at 23:59 on July 28.

Just three days? Not enough to choose an apartment

“Black Friday” is, first of all, a good opportunity to save money for those who were already planning to buy an apartment. But there will be time to think it over too.

The sale takes place in two stages:

• From July 15 to July 25, a list of properties that will be sold at a discount is available on Black Friday. The exact amount of discounts at this stage is unknown, but you can see how much similar apartments cost without a sale and subscribe to the objects of interest.
• Discounts open at 00:01 on July 26th. And for those who subscribed to - an hour earlier, on July 25 at 23:00. Book great deals, choose the one that suits you best, and close the deal.

In order not to miss the start of the promotion, on discount notifications.

You can even choose a specific residential complex: if the developer makes a discount, you will receive a notification.

You won't get big discounts from developers. Probably 5% will fold at most?

During Black Friday, apartments are rented out almost twice as cheap as usual. Last year, discounts reached 42%. 1,942 objects participated in the sale, and the total amount of discounts amounted to 3, 9 billion rubles.

This year 20 Moscow developers, including Donstroy, Hals-Development, Kortros and PSN Group, promise good offers. Almost 40 residential complexes will participate in the sale, and discounts will average from 10 to 20%.

If you do not have the full amount to buy a dream apartment, you can buy a home with a mortgage. Most developers work with partner banks and provide comfortable lending conditions. In order not to waste time on Black Friday, compare the available offers in advance and choose the best option.

If the discounts are big, then, probably, housing somewhere in the settlements?

No, there is a residential complex all over Moscow, even within the boundaries of the Third Transport Ring and the Garden Ring.

There are many objects, so use filters so as not to get lost in discounts. Indicate the parameters that suit you: the cost of the apartment, the area and the number of rooms. You can choose a developer you trust or a specific residential complex.

And why all of a sudden such generosity?

According to representatives of the companies participating in the action, summer is traditionally a low season on the real estate market. To attract buyers, developers are announcing discounts. They can sell as many apartments in three days as it usually takes in two weeks.

The main requirement of the organizers of the action is that discounts must be fair, otherwise they will simply not be posted on the site. Cheating is more expensive for yourself: if a developer is caught cheating, the entrance to the sale is closed for him. He loses buyers and potential profits.

What if my apartment will be secretly sold to 10 more people, and then the developer will declare himself bankrupt?

That is unlikely. Black Friday collects exclusive offers: if there is a discounted apartment here, it is not for sale anywhere else. The booked lots are removed from the sale until the buyers are finally determined. The freed objects reappear in the list of available ones. If you like an apartment that someone has already booked, you can join the queue - when the lot becomes available again, you will receive a notification about the status change.

You enter into a deal directly with the developer, so the same rules apply as when buying an apartment without a sale. Make sure that the developer has a building permit and a land contract, read customer reviews about the quality of housing.

If the house is just being built, ask also about ZOSK - the conclusion on compliance with the criteria issued by Moskomstroyinvest. Without this document, the developer has no right to receive funds directly from the home buyer. Instead, the money for the apartment is transferred to the account of the escrow agent, that is, to an authorized bank. If the conditions are not met, this is a signal that it is better not to contact the company.

And if the apartment that I want to buy is intercepted by someone?

It is possible. The cream is taken by the quickest buyers, and this Black Friday in the real estate market is no different from any other sale. Last year, 44% of all offers were booked in the first two hours of the promotion. So it really pays to subscribe to the discount notification to see the deals one hour ahead of the rest.

How do you catch a good option?

• Research in advance who are participating in the sale. Pick the ones you like, check the mortgage terms and subscribe to the sale notification.
• As soon as the sale starts, book the best options - you can have several at once, if you are still in doubt.
• You will receive an SMS with a code, enter it to confirm your booking. It is free and does not bind you to anything. The apartment will be temporarily removed from sale so that no one will take it away from you.

After booking, the developer's manager will call you and make an appointment. Discuss all the terms of the purchase, and if they suit you, close the deal. That's it, your apartment.