Real headaches in Real estate

Are they debt free?

Liens are the right to keep ownership of someone’s property until they fulfil the debt obligation they owe. You must check if the property is collateral in any kind of a debt agreement. If you buy a property that is held as an encumbrance by a creditor. Such situations create a major hassle for you as the buyer.

We don’t like surprises. Do you?

Surprises are not something you want when investing in real estate. Research is your friend when it comes to buying land. The key is to understand what information to research. In general, it’s best to do your bit of honest research. If not, you should at least have someone whom you can trust, fully. Having concrete knowledge is important.

Pothole-free drive

You need to consider the layout of the land and any potential hazards that could exist in the future. Check if your land is in the floodplain. A low-elevation property can become when it rains and storms. In a flood-prone region, securing flood insurance would be of utmost importance. As a land buyer, you should assess the land for all seasons and all scenarios. When adverse weather approaches and brings rain, you could experience mudslides or land erosion.

Not understanding the properties of the land you are buying can damage the structural integrity of your investment and even destroy the literal walls.

Ab zone search hoga aasaan

There are instances when land is being sold and there is existing title insurance, but the title search does not cover zoning issues. This lot may have a zoning change that did not show on searches and you will just discover later on that this lot could not be built on. To prevent this problem, always ensure you check the zoning of the land before buying it.

Sleep-well

Making such a considerable investment requires total alertness. If you try to do it all alone, the confusion, stress and pressure will get to you. Hire a real estate agent so that you know someone trustworthy is by your side. Make sure the real estate agent you’re working with has experience buying and selling land as well as negotiating land deals. Things they can help you with are zoning and fair market value.

Buying land in Maharashtra can seem like a daunting task. You might get headaches, get shocking surprises, suffer losses, or even lose sleep doing it. However, it can be a lot less daunting if you have the right people by your side – people who know Konkan, specifically, and Maharashtra, in general, and believe in a tradition of trust.