So, when it comes to real estate transactions, many people believe in buying plots, not houses. Buying a pre-built house and selling it back into the market is quite a challenging task and looks difficult to most people because it needs to be done within a few days or months. On the other hand, when you buy a vacant piece of land, you think it is a safe transaction and comparatively straightforward. However, that’s not true and AsafIzhak Rubin has a lot to say about the many challenges and legal troubles you may face while buying a small or large piece of land.
He believes that people have to be just as vigilant while buying a piece of land as they are when buying a complete house. Not paying attention to important details can prove to be detrimental to your real estate investment aspirations. Let’s see what more AsafIzhak Rubin has to say about this issue and why you should consider hiring a real estate lawyer.
The Land Might Be Disputed
You might be sitting calmly that the plot you have bought is from someone you know. How can someone you know betray you, right? Well, the problem is that there are certain issues even they might not be fully aware of while selling you the land. In some cases, the owner of the plot is doing everything perfectly and lawfully. However, the entire parcel on which the plots are being bought and sold is disputed, things can go in a completely different direction. Again, it happens more commonly than you might imagine.
So, you are buying a small plot and everything seems to be clear. However, you will feel the shock of your life when you discover that the development project is in jeopardy entirely because the piece of land on which plots are being built is completely illegal. Or perhaps, the owners have not obtained proper approvals for building homes on the land.
Real Estate Agent Isn’t Honest
When a society is under construction and the developers are looking to sell as many plots as possible, it can put pressure on real estate agents. They want to make sales because this makes them money. However, selling a society that will look like a place to live after many years is not easy. What happens as a result is that you are misguided by the real estate agent. Your agent might tell you things how they are not. They might hide development charges or tell you that you will get uninterrupted supply of water in the house when that’s not the case.
When you land in a situation where you were lied to, it is important that you hold the right people accountable. If they are not listening to you, be sure to call Asaf Izhak Rubin to help you with your case. He will understand you and make the perpetrator of the illegal deal pay the price for their misguidance.
Seller Backs Down
When you are out looking for a piece of land to buy, be sure that you know who you are dealing with says AsafIzhak Rubin. He believes that people can get greedy when they get great offers for their lands. So, a client ABC might be about to close a deal with you when they suddenly meet someone who is willing to pay them a higher price than you are. The seller backs down from the deal and you are left looking at faces. This should not happen, and if it has happened after you have already completed some document work, you can hold the seller accountable.
Final Thoughts
The world of real estate transactions can be more complicated than you might realize. Understanding everything can take time, and you will take even more time in implementing them. If you are having a hard time with a real estate deal, get in touch with the right professionals who can really help you with everything.
