Thing to Consider Before Buying a Property

Post on 28-Jul-2015

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Transcript of Thing to Consider Before Buying a Property

Things to consider before

Buying a Property

Problems can arise after the transaction is completed

Fixing these problems will involve additional liabilities and

fees

To avoid all the hassles, Here are the factors to consider

The Name in the Title

Ownership subjects the property to creditors against

the owner.

Propertyrestrictions

Knowing the restrictions can

help buyers make decisions about

their investments.

Physical Detailsof the Property

Prospective buyers must seek legal advice about easement and its effect on the property

Taxes and

Duties

Transactions involving transfers of property involve taxes which

can be passed to the buyer.

Special circumstances may limit the amount of tax or

exempt it.

Buyers need expert assistance to execute the necessary paperwork.

Buying property is a big step and involves a careful

consideration.

A licensed solicitor provide legal advice that benefits the

buyer