6. Legal Considerations and Title Deed
The legal aspects of buying land can be complicated, so it’s crucial to ensure that everything is in order before making a purchase. Some key factors to check include:
- Clear title deed: Ensure the land has a clear and marketable title. Any outstanding disputes or unpaid loans attached to the land could complicate your purchase.
- Ownership history: Verify the ownership history of the plot to confirm there are no conflicting claims. Hiring a real estate attorney or a title company to do a thorough title search can save you from legal headaches in the future.
- Right of way: Ensure that you have a legal right of way to access the property, especially if it is located in a rural area or behind other plots.
Without a clear title and the proper legal rights, your land investment could be at risk.