TOP TEN TIPS WHEN BUYING LAND OVERSEAS MARGARET SUMMERFIELD
#6. Check the Infrastructure.
Check out the standard of the water supply and
sewage treatment systems. Ask if they comply with
local regulations. If you haven’t got water or
sewage, figure out how much it will cost to install
them. Make finding water a condition of closing.
Find out how reliable the electricity supply is – will
you need a back-up generator? If you need to
We only recommend
fee simple property
– it’s the safest, most secure form
of ownership.
install it, how much will that cost and how long will
it take? If you want cable TV or high-speed internet
or excellent cell coverage make sure you can get it
on your property.
#7. Check Access.
Always check that the property has good access. If access is via a right-of-way make sure that it’s recorded in
the deed. And investigate to see if anyone else has access to your land. If they’ve used it to get from A to B or
lived on it for long enough they may have acquired legal rights to carry on doing so.
#8. Check the Boundaries.
Get a proper survey done to establish your boundaries. The survey will tell you how much land you’re getting.
That’s very important if you’re buying a big parcel of land and paying a price per acre. You need to know you’re
getting all the acres you’re paying for.
#9. Check for Taxes and Liens.
Your attorney should ensure that you’re getting the land free and clear of any mortgages or debts owed by the
seller. And find out how much property tax you’ll pay as the new owner.
#10. Check Out the Pricing.
Are you paying fair market value or a seller’s inflated asking price? Look at local comparabl W2?B6???W ?GF?&?W??b?R???w2F?RW&6?6R&?6R?b&V6V?B6?W2??F?R&V??