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Thursday, February 25, 2021

Which precaution adopt before purchase Plot or House ?

 The common legal precautions that one can adopt before purchasing a plot or house:


Verify Ownership: Check if the person selling the property is the rightful owner and has the authority to sell it.

Conduct a Title Search: A title search will reveal any liens, judgments, or other claims on the property.

Review Zoning Regulations: Check if the property is in compliance with local zoning regulations and land-use restrictions.

Check for Encumbrances: Look for any outstanding mortgages, liens, or easements that may affect the property.

Conduct a Property Inspection: Hire a professional inspector to inspect the property and identify any potential issues.

Review Building Permits: Check if the property has the necessary building permits and that the structure was built in compliance with local building codes.

Obtain Homeowner's Insurance: Protect your investment by obtaining homeowner's insurance to cover any damage or loss.

Hire a Real Estate Attorney: Consider hiring a real estate attorney to review the contract and ensure that your rights are protected.

These are some of the common legal precautions that one can adopt before purchasing a plot or house.

Here is informative video on this topic:

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