Buying a residence is, indeed, not something that you can do recklessly. One of the reasons is because the money that you put at stake to buy the quarter cannot be considered little. In fact, it can be the most amount of your fortune. For example on the price, you can check it on the Park Place Residences price here. Therefore, it is a must to be careful when buying a residence. There are some tips that can help you to make sure that you are buying the new residence of yours in the right way. Here are some of the tips.
– Check the Completeness of Legal Documents
Before actually making a purchase of the residence, you also have to consider whether or not the residence you are going to buy are supported by all complete legal documents which are important for you to have to be able to state the legal ownership you have of the residence. Thus, you need to make sure also documents and other requirements you will get as valid evidence.
– Note the Status of Land
Still related to the previous tip, in the purchase of the residence, you need to note the status of the land of the residence’s building. You need to make sure that the land is used as a condo building land is not a disputed land or still leased. Other than that, you also have to make sure the document is not problematic, as a guarantee in the bank. If necessary, you might also need to ask for help from a notary or local government before making a transaction. We also recommend that you choose a residence with a system of the owner status. A title that enables joint ownership horizontally next possession vertically, which can be broadly interpreted as collective rights over the joint, collective rights over the common good, collective rights to land together in one the area of the residence.