
24-05-2008, 01:43 AM
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Senior Member
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Join Date: Jun 2007
Posts: 113
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Quote:
Originally Posted by Peter Mitry
Hi Rebecca and welcome to the forum; there is no substitute for visiting the area where you hope to buy and seeing for yourself what is available. There are some projects you may wish to exclude from your search; reading a forum like this brings up good and bad comments and it is not difficult to get an idea of the projects to rule out. Using a reputable agent can also reduce the risk. Most agents know where to avoid and you should always ask if the agent has the necessary Due Diligence documents for the projects on offer. This just means that someone has checked the ownership of the land, the building licences and the credentials of the Developer and can save you a lot of time and trouble in reaching your decision. Also it is important to use a reputable INDEPENDENT lawyer who is working for you, not one recommended by the Developer. If there are any problems with the ownership of the land or documentation your lawyer should alert you before you commit yourself to signing contracts.
We wish you every success with your search.
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Very good advice Peter!
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