Real Estate is real property that consists of land and structures on it such as buildings. Investing in Real Estate is crucial in the life of any investor since it creates a passive income or cash flow from rentals, capital gain from speculating and portfolio growth as a result of investing in more than one property.90% of millionaires in the world own one or more real estate.
Location is very important in Real Estate investment. That is the proximity to social amenities such as green space (trees, grass and vegetation), scenic views, shopping centers, electricity, water and schools.
In Real Estate investment, ownership rights are transferred when you buy the property using the right documents and right acquisition process. The Title of the property is transferred from one owner to another through a process known as conveyancing.
A Title refers to legal ownership rights, while Deed is the document that shows who has those rights.
Land is sold with an agreement to sell that explains all the terms and conditions about land transactions.
Land Investment is capital intensive hence mistake done is very costly. Therefore it’s important for the Investor to be cautious and do a proper due diligence.
Buyer should scrutinize Title documents, seek legal advice, and inquire the history of the property. This will ensure you have a worry free transactions and sense of security.
It’s also important for buyer to know the nature of the property, either leasehold, freehold or development right (controlled development). Know if there pending or past litigation on the property.
The seller must have all the requisite documents and rights to transfer them. Before purchasing any property also check if title is clear and marketable. Use advocate to get title documents and properly scrutinize them. The search on the property will show previous transactions and if there any encumbrances (legal dues).
Land or property can also be pledged, this means the seller has used the property as a collateral to acquire loan, if so ensure you get a release certificate from the financial institution.
Measure the land also to ascertain that the measurements are as the title deed, and borders are accurate. Use services of a qualified surveyor, use RIM (registry index map) to locate the property on the ground.
Finally is good to know that land Investment is one of the best decision you can make for yourself and your kin. It’s in limited supply and ever increasing demand.
Therefore you have a guarantee in your returns on investment. However use reliable land selling companies to get an hassle free Investment journey such as Alpha Shine Real Estate Ltd, we keep our word and guarantee you a seamless land buying process, buy land with us today and relax, we offer you a worry- free invest journey. Our Customer liaison officer (CRM) will call you to notify you when to pick Title Deed in your name.
