by Josep Maria Reichardt What do I need to know to buy land?
To buy land: what you need to know
Buying a piece of land can mean one of the most exciting moments for many people because of the effort involved and the security that building a lifetime heritage entails.
However, given the rapid growth of the industry, it is important to have a detailed understanding of the property and the people or companies with whom we will be transacting. While buying land can be an exciting idea, it is very important that you take it easy and make sure everything is relevant to the property you are interested in before beginning the buying and selling process.
Buying a property can seem like a very attractive investment, but it can also be a bad decision if you don't understand the legal aspects that you need to consider along the way.
What is a land purchase agreement?
A land purchase agreement is a contract that binds the buyer and seller to the terms and conditions of the sale. Lists the terms of an agreement between the buyer and seller, including the price, amount, and method of payment for the land, as well as any closing charges. It details what happens in the event of a breach by either party. An example of a land purchase and sale contract model can be found at https://modelos-de.com/contratos/compraventa-terreno/.
You will ask yourself “how to buy land”:
Buying land is a complex process. If you don't know what you're doing, you could end up paying too much or buying in the wrong area. In fact, there are a thousand ways to buy land, other contract models. Choose the one that best suits you!
5 Interesting tips for buying land.
1.- Visit and check
-Orientation
As long as the floor of your home faces south, you can make the most of solar energy.
-Pending
In the event that the plot is on a slope, there is the option of adapting the house to that slope to reduce costs. Land movement and control is not as expensive as the value of flat land.
-Immediate environment
The access, the distance from your neighbors, the presence of mountains or nearby walls All these elements have an importance that you should not overlook during your visits.
2.- Check the type of soil before buying land
You would be surprised if you knew the influence that the subsoil exerts on the final price of the house. It can suppose from 5% to 20% of the total amount of the house.
3.- Review the construction regulations
To buy a piece of land, it is necessary to review the construction regulations that affect the specific plot. First of all, you will have to take into account two basic concepts: the occupation and buildability of a piece of land.
4.- Sign a deposit contract
Before buying land, a prior step is usually carried out as a reservation, which is known as the deposit contract. That is, a private agreement between the buyer and the seller and its objective is to reserve the purchase of a land and have a sufficient margin of time to carry out the bureaucratic and financial procedures necessary to make the purchase effective without another buyer arriving. during this time.
5.- Sign the purchase contract
The last of the tips for buying land and, in fact, the last step, is the signing of a sales contract. In it, the amount agreed for the payment of the land will be specified, as well as the plot or property with all its characteristics.
