Buying a house is one of the most fundamental moments of our lives. It’s exciting but it’s also quite dangerous. There are tons of legalities that you have to go through, tons of laws and forms to remember. It’s easy to get lost during these processes, especially when you’re all alone in doing all the hard work.
One of the dangers of buying a property is getting into a legal battle. It’s a slim chance that this might happen but it’s for your safety to be prepared. Below are some things that you have to remember to avoid legal battles when buying a property.
Hire a good real estate agent
An excellent real estate agent can walk you through the whole buying process with ease. They are experts in this field and they know every detail that involves buying a house. You’ll never get lost from the process with a trusty agent by your side.
Do title search
Land titles are very important. Through land titles you’ll be able to see if there are any liens and debts against the house that you’re trying to purchase. It’s better to be prepared since you’re the one who’s going to shoulder the debts of the land once you already purchased it.
Talk to the previous homeowners
Sometimes there are property disputes that you may inherit when you buy a house (i.e. issues from the neighbors, informal settlers, etc.) Talk right away from the home sellers and ask if there are any problems or disputes that you need to know. It’s better this way than getting shocked at what may happen to you when you already move in.
Solicit and conveyance
Conveyance refers to the legal process of transferring property from one owner to another. It follows certain legal procedures that you should go through in order to own the property legally. A solicitor is the one who will handle the procedure to make sure that everything will go smoothly. You can do the soliciting by yourself but if you are a bit lost in the whole buying property process then hiring a solicitor is the way to go.
Get the preliminary information
Give the details of your real estate agent to your solicitor and vice versa so that they can contact each other. This way both parties will have the full information about the property and they can protect you further.
Secure contracts
Before signing the contract, make sure that the contract protects your rights as the new property owner. Read it thoroughly and make sure that the contract benefits you and the home seller equally.
Enjoy your new home without any difficulties. Follow the quick advice above and we’re sure that you’ll never worry in your new home!
Image source: http://www.persquare.com.ph/for-sale/condominium-ncr-metro-manila-manila/admiral-baysuites-two-bedroom-unit-for-sale-in-roxas-boulevard-manila_127343 – Anchor Land Holdings Inc.
