TOP-5 Mistakes When Buying Property That Could Cost You Money and Nerves

Buying an apartment is often the biggest financial transaction in a person’s life. Yet many people make the same mistakes, losing money, time, and even the property itself. Here are key points to watch out for:

Mistake 1: Buying without checking the documents

Many buyers focus only on the appearance of the apartment and forget about the most important thing — legal clarity.

Possible risks: liens, debts, seizures, missing consents from other owners.

How to avoid it: always check the extract from the property register, the history of ownership transfers, unpaid utility bills, and hire a lawyer or an experienced real estate agent.

Mistake 2: Paying a deposit "on a handshake"

Handing over money without a properly drafted agreement is a huge risk.

Possible risks: the seller may change their mind or another buyer may appear.

How to avoid it: deposits/advance payments should only be made with a signed receipt or a preliminary agreement clearly stating the return conditions.

Mistake 3: Ignoring the infrastructure and neighborhood

You bought a "picture," but it turns out there are no schools, shops, or public transport nearby.

Possible risks: decreased resale value, inconvenience of living.

How to avoid it: research the area, review the infrastructure, and talk to neighbors.

Mistake 4: Blind trust in a "cheap" price

Sometimes a low price is a red flag, not a lucky find.

Possible risks: ownership disputes, inheritance issues, property seizures, unauthorized renovations.

How to avoid it: understand why the price is lower and conduct a full legal check.

Mistake 5: Rushing the decision

Buying property is not a race. Often, pressure is applied: "another buyer is interested," "you must pay the deposit quickly," and so on.

Possible risks: buying the wrong property, missing important details.

How to avoid it: give yourself at least 24 hours to think and consult an expert.

Conclusion: take your time, check everything thoroughly, and always seek professional advice. This will help you save money and keep peace of mind.

Want more tips on buying property? Contact us — we are happy to help!