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Mark
Frequent Guest
Joined: 25 Mar 2004
Posts: 53
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 Posted: Sun May 15, 2005 9:30 pm Post subject: How to buy a flat.. |
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Iv'e been given sound advise about how to live here visa wise.
Now i need some more sound advise.
Im thinking of buying a flat here,since i don't have any work documents as such also my wife doesn't but we both work.What luck will have when we try and get credit.
As anyone done this before in here.. |
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linguist
Frequent Guest
Joined: 03 Dec 2004
Posts: 21
Location: Minnesota
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| Posted: Mon May 16, 2005 7:03 am Post subject: |
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Credit, what's that?
Seriously, I don't know. I was just under the impression that everything is still payed in full, including cars and housing.
Try www.expat.ru. That site may be able to point you in the right direction. |
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Daria
Lounge Wizard
Joined: 16 May 2005
Posts: 1146
Location: Canada
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| Posted: Mon May 16, 2005 8:55 am Post subject: |
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| Depends where you are planning on buying. |
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mister_wizzz
VIP
Joined: 27 May 2004
Posts: 582
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| Posted: Mon May 16, 2005 8:55 am Post subject: |
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Right. No credit and no electronic money transactions.
One of my friends in Russia bought a flat in Samara 35000 USD and he told me he brought to the owner a bag full of dollars 
May be there is some exceptions but full payment and cash are the rules. |
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Daria
Lounge Wizard
Joined: 16 May 2005
Posts: 1146
Location: Canada
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| Posted: Mon May 16, 2005 9:04 am Post subject: |
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| Geeeeee,is it still that bad? |
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mediashark
Moderator
Joined: 04 Nov 2004
Posts: 1599
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| Posted: Mon May 16, 2005 10:40 am Post subject: |
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| Mediashark's currently in the proccess of buying a flat the--gasp!--legal way. Will let you know how it goes. |
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tdk2fe
Frequent Guest
Joined: 14 Mar 2005
Posts: 51
Location: St. Louis, USA
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| Posted: Mon May 16, 2005 8:06 pm Post subject: |
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Don't count on getting credit in Russia. It seems like a lot of Russian's that i've spoken with who've come to the US were dumbfounded by the very idea that you could buy something and promise to pay it back at a later date. I remember speaking to some people from St. Petersburg, and they told me when they first got to the states they got some sort of magazine offer in the mail that said they had to pay nothing up front. They thought this meant that the magazines were all free, and placed several subscriptions. After six months or so, they were surprised to learn that they did indeed have to pay back the money that the magazines cost them.
So, I guess what i'm trying to say is that credit, the way americans think of it, is very rare, if not nonexistant. |
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mediashark
Moderator
Joined: 04 Nov 2004
Posts: 1599
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| Posted: Mon May 16, 2005 8:43 pm Post subject: |
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If you're saying credit in terms of loans etc, then it is possible. There are several banks that gives housing loans. Of course it's common sense that you have to pay up eventually +interest. We went for a loan because we were tired of paying rent and living in someone else's apartment.
But of course, cash payments often stay when it comes to handing over the money to the owner and cold-hard-cash transfers still have to happen at one point of time or another.
What luck will you have? You'll have to visit a bank that does housing loans find out their terms and conditions. They'll discuss your situation 1-on-1 and suggest something.
And no, it really isn't *that* bad. And oh, having a big budget helps too.
PM if you need more advice. I'm not about to give away more personal info publicly. |
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Mark
Frequent Guest
Joined: 25 Mar 2004
Posts: 53
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| Posted: Mon May 16, 2005 9:15 pm Post subject: |
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| mediashark wrote: | If you're saying credit in terms of loans etc, then it is possible. There are several banks that gives housing loans. Of course it's common sense that you have to pay up eventually +interest. We went for a loan because we were tired of paying rent and living in someone else's apartment.
But of course, cash payments often stay when it comes to handing over the money to the owner and cold-hard-cash transfers still have to happen at one point of time or another.
What luck will you have? You'll have to visit a bank that does housing loans find out their terms and conditions. They'll discuss your situation 1-on-1 and suggest something.
And no, it really isn't *that* bad. And oh, having a big budget helps too.
PM if you need more advice. I'm not about to give away more personal info publicly. |
Went to one such agent today, seems credit seems to be ok,as long as you have 30% to put down they will find you a bank who will lend you the rest....
I rented in the UK nevre again best to pay off teh bank then atleast you have something to show for it later on.. |
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Daria
Lounge Wizard
Joined: 16 May 2005
Posts: 1146
Location: Canada
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| Posted: Mon May 16, 2005 9:32 pm Post subject: |
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I have a house and a small piece of land in Russia.Got it from my great-great-grand...It's in a real sh.t hole.I do not even know what to do with it..
It doesn't sell.Such a waste  |
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Vic
Talk Show Host
Joined: 29 Mar 2005
Posts: 298
Location: Moscow, Russian Federation
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| Posted: Mon May 16, 2005 10:24 pm Post subject: |
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| Daria wrote: | I have a house and a small piece of land in Russia.Got it from my great-great-grand...It's in a real sh.t hole.I do not even know what to do with it..
It doesn't sell.Such a waste |
Where is it? I might take it off your hands if you really want to get rid of it 
Credit is usually for new apartments, not 'second hand'. The rates just aren't worth it. Nothing 'bad' about it. You CAN use a wire transfer, but cash is better. When we bought this flat last year, we had a bag of roubles (more than three million of em' to be exact!) The wire transfer would have eaten up some cash itself (service fee) so it was just cheaper to do it this way. EVERYTHING is perfectly legal.
If you want to buy a new place, get a credit (loan). If you are going used, dont bother.
Vic
P.S. Personally I don't like loans and live a loan-free life. After living in Canada, it became pretty clear to me that when things go bad, they go not twice, but trice as bad when you have a mortgage. No loans for me. |
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Daria
Lounge Wizard
Joined: 16 May 2005
Posts: 1146
Location: Canada
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| Posted: Mon May 16, 2005 10:36 pm Post subject: |
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Last edited by Daria on Mon May 28, 2007 8:48 am; edited 1 time in total |
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mediashark
Moderator
Joined: 04 Nov 2004
Posts: 1599
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| Posted: Tue May 17, 2005 7:10 pm Post subject: |
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In our case the bank would rather give us a loan if we wanted a second hand apartment than a brand new one!
Why?? Cos 'new' often means semi-completed. Sometimes these housing projects are left unfinished and this will cause problems with the banks.
Loan free... I wish too but I can't cough up 3 million rubles right there and then without starving... and meanwhile rental is killing me.
Anyway I still need the metal suitcase with handcuffs to transfer the down payment. |
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mediashark
Moderator
Joined: 04 Nov 2004
Posts: 1599
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| Posted: Tue May 17, 2005 7:14 pm Post subject: |
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| Hey Dariya--my in laws live there In Belorechensk! Shithole, yeah, but very nice climate and practically everything can be grown there. We visited last summer and also went to Alder for sand and sea. There're lots of people renting out their houses there to tourists. |
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Mark
Frequent Guest
Joined: 25 Mar 2004
Posts: 53
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| Posted: Tue May 17, 2005 10:05 pm Post subject: |
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Getting a loan seems to be no problem at all,soon we will be getting the green light to start moving(i hope).
About new flats we was told the problem with them is the registraion,it takes about year for it to pass all the saftey checks,which means you might not be registered anywhere till the building passes..
To get around this you just have to register with a relative here for some time.... |
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