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One would think that purchasing a property is like buying anything else with the sole difference of the high amount of money involved in the transaction. However, you'd be surprised to know that there are many precautions that you should take when
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Though a sale contract can be
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Property And Possession
Transferring the ownership of real estate requires great formality. In order to rightfully own a house you need not only to possess it but also to have a legal title over it. This title will be the consequence of a sale contract, a donation, an inheritance, etc. On many places, it is even possible to obtain such title by the continual and uninterrupted possession of a property for a long period of time.
Thus, possession is not the same as property and even if you possess a property, there is no guarantee that you rightfully own it. Tenants recognize the ownership of the property
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Thus it is important for you to go through all the details about a property and request information
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Financing Problems
You need to make sure that the money will
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This is not such an uncommon situation. There are many deals getting blocked every week due to failure to obtain finance. Most sellers would be willing to postpone the transaction for up to a month so as
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