22/09/2023
THINGS TO DO BEFORE BUYING ANY LANDED PROPERTY
1. Do not make payment for a land or house based on an image ,flyer or videos sent to you with out visiting the said property physically.
Paying for a property you have not seen is like a case of what I ordered vs. what I received.
Ensure you sent a professional estate surveyors and valuers to inspect the property for you if you are unable to visit the said property your self. As a professional he or she can do a sport valuation of the property in question to know if it can fit into what you are looking for base on the brief you have given him after taking into consideration a lot of factors such as location, price, title documents of the property etc.
If you are certify with his report the next thing to do is
2. Demand for documentation:
Ask for the copies of the title documents of the said property. At this stage a professional real estate expert will do a detail verification of title.
What is a title document?
This refers to document that shows legal ownership to a property or asset, this document may come in form of survey plan, deed of assignment , purchase receipt, letter of allocation , c of o, Government consent , contract of sale, will, letter of administration just to mention a few.
3. Note once an agent or owner of the said property refuse to handover photocopies of the necessary title document to you for investigation and to enable you Carry out a property search or verification that is a WARNING sign and a red flag you must avoid such transaction.
4. A professional property expert that is experience at this point can identify a fake c of o, or Government consent or any document that is presented and can professionally recommend further verification or carryout a property search on the property.
5. property verification include the following:
a)investigating the land physically.
b) conducting a site search at the surveyor general office.
c) verifying the title document at the registry.
d) Visiting the community where the land is located to determine if there is an outstanding dispute or court issue.
e) Visiting the probate division to verify the will or letter of administration.
f) knowing the complete profile of the seller to know if you are dealing with the appropriate seller or not.
g) Investigating the previous owners of the property to know if the land was legally transferred to the seller with due process .
6. Always use a professional Estate valuer to conduct a property search.
7. Make sure all the due process is follow before embarking on any real estate transaction to avoid loosing your hard earn money to scammers .
At Mirrow Home Consult we can handle all of this for you contact us today.
