Transfer of money and signing the contract of sale

It should be taken into account the fact that when drawing up a contract for the alienation of housing, the notary does not certify the very fact of the transfer of money.

The parties pay independently, in any currency, at their own discretion and under their personal responsibility (perhaps even without witnesses, if there is no intermediary / intermediaries in the transaction) and simply confirm this fact with a notary.

Cash on a deal

The procedure for transferring money
When transferring money in cash, there are three ways to conduct the transaction itself:

The first method of calculation. The calculation is made before the signing of the contract and its notarization. Situation: the money has already been transferred, but the contract has not yet been signed – There is a moment when both the money and the rights to the apartment belong to one person – the Seller. In this case, the Buyer is at risk.
The second method of calculation. The calculation is made after the signing by the parties of the contract and its notarization. Situation: the contract has already been signed, but the money has not yet been transferred. There is a moment when both the money and the rights to the apartment belong to one person – the Buyer. In this case, the Seller is at risk.
The third method of calculation. The calculation is made after the signing of the contract by the parties, but before its notarization. At the moment when the contract is signed, but not yet certified by a notary, it has no legal force, and the rights to the apartment still belong to the Seller. After the transfer of money, the Seller and the Buyer confirm this fact with a notary, and he certifies the contract (the ownership rights pass to the Buyer). Here, too, there is a dangerous moment – from the transfer of money to confirmation of this fact by a notary. For insurance, there are witnesses (including a disinterested person – a realtor), as well as an agreement in which the Seller has already signed, including the receipt of money. This is how almost all notaries work today.
Money check
As a rule, the check of good quality of banknotes is carried out at the moment of transferring money from the Buyer to the Seller. Therefore, you need to know in advance how you will check the money (this is the Seller’s concern, because it is important for him to receive the required amount in “normal” banknotes). So options.

Checking money yourself.

The notary’s office has a money check detector.
The detector will provide an intermediary.
You yourself have your own detector and bring it to the deal. An important point – you need to be able to use it!
You may have to invite a relative (acquaintance) who knows how to do this with you to the deal. If you have your own representative (intermediary), then he will help you, he has done this more than once, he has such a job.
Checking money at the bank (for you, this will be an additional cost, since the service is paid).

If your transaction is carried out in a bank, and not in a notary’s office, then everything is simple:
sign contracts,
during the calculation, check the money with the help of a bank employee,
notary certifies the contract of sale.
But if the transaction is carried out in a notary’s office, and you want to check the money in the bank, then such a scheme is unlikely to suit you (it will take too much time for the notary to go to the bank and back, and I would not want to carry a large amount back and forth) . You can check the money BEFORE the transaction starts:
The Buyer and the Seller together go to the bank, where, in front of them, bank employees check the banknotes and pack them in envelopes provided by the Seller (so that the Buyer does not have the opportunity to replace them later).
The packages are sealed, and the amount is written on the stickers, which is in each specific envelope, as well as the Buyer and the Seller put their signatures.
Sealed envelopes before the transaction are with the Buyer.
Buyer and Seller go to the deal together.
The contract of sale is signed.
During the settlements on the envelopes, the integrity of the stickers is checked, the envelopes are opened, the money is recounted again and transferred to the Seller.
The contract is certified by a notary.
A good scheme, but painfully cumbersome. In my opinion, if you want to check money in a bank, then it is easier to make a deal in a bank too, by inviting a notary there.

Cashless transaction

In case of non-cash payment, money is transferred from the Seller’s account to the Buyer’s account ONLY in national currency. Accounts can be opened both in one bank and in different ones; both in the same city and in different cities.

Of course, if the accounts are in one bank, then you save on banking operations (transferring money from an account to an account within one bank is free of charge), and the procedure itself will be quick.

A tripartite agreement is concluded between the Buyer, the Seller and the bank under which money is transferred from the Buyer’s account to the Seller’s account, subject to certain conditions and upon presentation of certain documents (for example, a notarized copy of the sales contract that the Seller receives at the time of the transaction, or a certificate of an extract from the apartment).

This method is good because the process of transferring money takes place under the control of the bank, therefore, the possibility of fraud is excluded.

In addition, there are risks and disadvantages:

in the event of disputes (there are cases when a transaction “breaks down” on the eve of the appointed time), money from a blocked account can only be received through a court (unless you specifically agreed on this option when signing an agreement with the bank);
another participant appears in your transaction – the bank, if it has problems, then from now on it will be your problems too; way out – deal with reliable banks in a calm (in the political and economic sense) time;
additional expenses:
for opening an account;
interest to the bank for participation in the transaction;
money transfer from bank to bank;
expenses for the purchase of currency and cashing out money. It should be decided in advance (in the text of the preliminary contract) which costs the Seller bears and which the Buyer pays. The amount that is transferred to the account of the Seller depends on this.