BUYING land for the purpose of investing is a good decision at any time, but experts from Fanaka Real Estate Ltd say the following tips will help you pay for the land:
Don’t make a deal on your first visit. Don’t buy impulsively. Do not make an offer before you have viewed the property. Performing due diligence on a property is very important.
Visit on a cold, rainy, miserable day. Look for water problems in the area. Is the area a flood zone?
Visit at night and on weekdays. Is night lighting offensive? Traffic? Noise? Odors?
Submit your bid in the lowest of the low season. Early January is a good time to buy rural property outside the city.
Never trust a real estate agent or broker who works for the seller. Never reveal your finances or your best price. Never tell such a broker or agent that you like or must have the seller’s property. It is always advisable to deal directly with real estate companies.
Read the sales agreement thoroughly to make sure you fully understand each sentence.
Have your local attorney with you when you present your offer to the seller or his agent. Let your attorney help draft any last-minute changes needed to close the deal. If you are unsure of your negotiating skills, have your local attorney negotiate the price and terms with the seller.
Ask the seller to provide all required documents associated with that specific property.
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