Buying a property is an art, a science, engineering, and also a legal formality to deal with effectively and profitably. It is thus not possible for buyers of residential home or land property to be an ace in all such varied domains. Since there are varied facets to deal with, it requires a number of subject matter experts to gain advice from so as to become a party to such an agreement of buying a property that best suits your personal and financial situation.
The real estate attorneys and lawyers can at best advice you regarding the legal environment and clearances that the property is subject to and whether the same have been complied with or not. The science and engineering part of property history can be well managed by availing the services of property inspection officers to undertake a thorough and well classified scrutiny of the property inside out. In order to not let your latest asset turn into a liability soon after you buy it, the feedback of a building inspection officer should be looked upon seriously. The building inspector will look after the interior and exterior of the house and land property. They would also suggest if any repairing or renovation work be required to make the property strong enough to sustain for the next decades.
Asking your real estate agents a lot many questions regarding the past, present and future of the property is not a sin. Rather doing this can act in your own benefit most of the times. As you begin to know the property dynamics better, new questions and queries do arise overtime, that need to be answered.
A very important aspect to not avoid and instead devote utmost attention to is the open market fair valuation of the property that you are willing to purchase.
Here comes the entire gamut of art, science, engineering and legality in play of the property transaction. So as to prepare a market led and compelling property valuation report, the registered valuer would need all sorts of engineering and scientific data, and legal clearances so as to attribute a market mirrored value to your property.
Your entire transactional efficiency may mostly depend on the property valuation report. It is prepared by the registered valuer who compiles the best available data and generates an authentic report of property price that you should, as suggested by the market dynamics, be ready to pay.