What to consider when buying land||Check Out!
Here are a few points. The list is not exhaustive, but it should get you ahead:
- Do an official search with the respective lands office.
- Enlist a surveyor to confirm the land quoted in the search letter is actually the same as what you're viewing or intend to purchase.
- Confirm measurements on the ground tally with those on the title and search letter. Check for markstones on the ground.
- Confirm there's an acccess road both on the title and the ground.
- Make inquiries from immediate neighbours and local authorities.
- Don't ignore your gut feeling, and don't rush. Don't get pressured by the seller to act before you're ready.
- Spread your payment in at least 2 instalments where possible, even if just 1 week apart. Even when you have the full amount at hand.
There's no such thing as too much due diligence. Land is an investment and you're paying your hard-earned money. Just be reasonable.