Buying land is a major investment. That is why most buyers, especially first-time buyers are warry when it comes to purchasing a property. You have probably heard or know a friend or relative who has lost money to scammers. There are many genuine land sellers but due to the few bad apples, you should carry out due diligence before committing your money.
Today we present you with 10 steps that you should follow when looking for a property. Of course, you can always talk to a Mkono Poa agent for a free consultation.
Here we go:
- That the land does exist. Unless it is physically not possible to go view the land, make every effort to go see the land. There are many things you can learn when you do a site visit. A site visit also gives you an opportunity to view the lay of the land and probably select an appropriate location.
- That the person selling the land is the owner. There are many conmen around. You can ascertain this by asking for documents such as the National ID and the Title. You then compare these two documents.
- That the land does not have any incumbency or attached to a bank. You can confirm this by doing a search at the land registry. This is a critical step because it may also reveal disputes. You must ensure that there is no dispute whatsoever. Only execute a sale agreement through a lawyer. When you feel that you have a fake document first report to the nearest police station and be advised where to take the documents for examination or Write to the director of the directorate of criminal investigation and attach those documents.
3 Requirements Before buying Land