11 THINGS TO KNOW WHEN BUYING LAND OR HOUSE

11 THINGS TO KNOW WHEN BUYING LAND OR HOUSE

1. Research: Know the property, its location & the real estate market.

2. Ownership Verification: Verify the authenticity of the land and ensure it is free from disputes.

3. Land Use Regulations: Understand the land use and building regulations in the area.

4. Physical Inspection: Visit the property in person to inspect its condition, boundaries and surrounding infrastructure.

5. Documentation: Let a Property/Real Estate Lawyer help confirm all legal documents, including deeds, surveys, and permits are in order and properly executed.

6. Payment Security: Use secure payment method like bank channel to safeguard your funds

7. Legal Assistance: Engage the services of a reputable real estate Lawyer to guide you through the buying process and review all contracts.

8. Hidden Costs: Be aware of additional costs such as taxes, fees and maintenance expenses associated with owning the property.

9. Negotiation: Negotiate the price and terms of the purchase to ensure a fair deal.

10. Due Diligence: Let a Property Lawyer conduct due diligence on the seller, including verifying their identity and reputation, to avoid potential scams or fraudulent transactions.

11. Future Development: Consider potential future developments or infrastructure projects in the area that may impact the value of the property.

Apex Chambers is a leading Law Firm of Property/Real Estate and Business/Commercial Lawyers in Port Harcourt, Rivers State, Nigeria.

If you need help with these and other related matters or transactions, call Apex Chambers anytime, any day and from anywhere in the world on +2347030868694.