couple outside home with sold sign

How to Successfully Buy a Property

If you’re about to sink hundreds of thousands of your hard-earned dollars into buying a property, it’s best that you don’t rush the process. Gleaning from land surveyors in Utah, too many people have rushed to seal a deal in the real estate sector only to have skeletons crawling out of the woodworks soon after.

In some cases, some buyers are left holding properties they can’t use as intended. In other cases, people are saddled with stiff repair bills that effectively ruin their finances. To avoid such pitfalls, you need to tread carefully by doing your due diligence.

Look at the property lines.

It would be quite heartbreaking to put up your dream house only to find out that part of it is infringing on the neighboring property. Not only would your neighbor have the rights to sue you for damages but also have you demolish part of the house. By the time the dust settles, you would have incurred tens of thousands in losses.

As farfetched as that might sound, these are some of the predicaments of people who rush to buy property. Establishing property lines from the get-go lets you avoid making such costly mistakes. Before committing to any deal, be sure to request a property map from the local land’s office. You need a clear picture of the size of the vacant lot to make an informed decision.

Look at the easements.

Before planning the layout of your new house, you need to be aware of any easement and abandoned roads. A survey of the property will reveal any conditions imposed by law, especially when they are not readily discernable. If your property cuts off the neighbors from the access road, there might be an easement on the property.

real estate buy and sell contractIt is a nonpossessory right that gives the holder power in someone else’s property. An easement bars you from occupying the property in a manner that excludes the easement holders. Failing to understand the implication of the easement can open a can of worms. You might run afoul of the law and incur steep penalties among other legal expenses. An easement also influences your ability to utilize a piece of land as you must be mindful of the other users.

 Understand the restrictions.

When buying a property with existing buildings, you need to understand your right to repair, alter, or improve them. In some area, there are legal restrictions that govern building lines, frontage, and parking. You need to understand what changes can amount to a violation of a local ordinance or any other law.

Many people rush to seal a deal when looking to buy a property only to have it come back to haunt them. You need to do your due diligence to avoid making costly mistakes. Retaining the services of a credible surveyor when looking to buy a property increases your chances of success. Not only do you get the best deal; you also avoid a host of trouble that can impede your ability to utilize the land as you wish.