Are you looking to purchase a lot from a developer? For some, it is a dream come true to build their own home. Finding the right lot to build on is the first step to fulfilling that dream. How do you go about making sure you have a lot that will be fulfill all your needs?
This is the time to look at the property report from the developer. What kind of information should the property report contain?
Here is some of the information this report will contain:
The type of title the person purchasing the lot can expect, also when they can hope to receive it.
If there are any liens or mortgages on the property that already exist.
Problems with the soil, that might cause any issues with the construction of the property.
Any types of utility charges that exist on the property and also utility charges you can expect in the future.
Distances to things like local communities and recreational facilities.
The type of availability for water and sewer services.
This is some of the things you would find in a property report. Always read everything thoroughly before you consider signing any contract. This is a report prepared by the developers themselves. If you sign a contract after receiving your property report, then you have up to seven days to cancel the contract if you decide you need to.
Its very important to remember though, that when buying a property or lot from a big developer, always read every bit of paper work, and do your research.