suppose if the paper which land agent shows or land owner shows are true.
2007-03-12 21:02:29 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
~ nagalakshman s...
~ take every precaution you can... It's YOUR hard earned money that will have to pay for this debt!
~ Can you afford it? Can you pay it off in 5 years? If married, what's spouse's opinion? Do you really need it at this time? How much do you have to put down?
2007-03-12 21:16:48 · answer #1 · answered by James N 4 · 0⤊ 0⤋
First thing is to get an INDEPENDENT legal perusal of the contract, do not use any legal advice from anyone connected with the sale. Then an independent survey of the land you wish to purchase to ensure the land you saw is the land on the deeds. Make sure of the land value by comparison with sales of similar land in the same area.
Your solicitor or land transfer agent should also investigate anything that could affect your land in the future.
2007-03-13 04:09:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I'm no expert on this (I'm only 16) but you should definitely check and see if the land needs some work. Check if the land is actually worth what you're buying it for.
2007-03-13 04:07:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
check with the land registration office to see if anyone else has claims on the land (eg mortgages or leases) as these will affect your rights
2007-03-13 05:48:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You need a lawyer - do not buy land without legal advice.
2007-03-13 04:05:55 · answer #5 · answered by Ya-sai 7 · 1⤊ 0⤋
do it through a registered lawyer
too many tricksters
2007-03-13 04:05:51 · answer #6 · answered by q6656303 6 · 1⤊ 0⤋