What are the hazards attached to buying a house that has incomplete documents?

[Bilal0087]

In recent years, we have probably seen house and structures been brought but after some few years..they get collected by the government or there's a dispute between 3or more buyers of same property.
What are the real hazards that face a person buying such property.

It is not wise to buy a house with incomplete documentation.
A person who buys uncertified house may face difficulties in the future because that property might be under some illegal activities and government may suspend the documents of that place.
So proper paperwork must be done befor buying a land or any property.

 

[iamgroot]

If anyone buys anything that lacks documents it is in danger of being lost or taken away from him. He may suffer in case the property he bought has a legal issue. So it is better that before buying any property, not just land, be sure to be clean and undefiled and complete with all legal documents to avoid future glitches.

 

[Sariana23]

When buying a property, one of the most important things is the documentation, since it is the guarantee that said home is legal before all the competent entities. Corruption exists and some scammers can buy certain false documents to sell invaded properties, and having incomplete documents lowers prices. Therefore, the buyer must verify each document legally to avoid being scammed.

 

[Life drama]

Buying or purchasing anything that has incomplete documents posed a greater for your life,name, families and other things because it might be a fraudulent act, government properties or it has family issues which might land you a big problems.make sure you buy from a reputable company or personality with a well documented agreement.

 

[Dapoyemi]

Buying a house attached with incomplete documents wouldnt end well because it would mean that not only you owns the house but the other individual with the remaining documents and if to say the documents were stolen and the house was sold to you. There's a probability of One getting arrested without being aware.

 

[Osaz96]

In recent years, we have probably seen house and structures been brought but after some few years..they get collected by the government or there's a dispute between 3or more buyers of same property.
What are the real hazards that face a person buying such property.

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In recent years, we have probably seen house and structures been brought but after some few years..they get collected by the government or there's a dispute between 3or more buyers of same property.
What are the real hazards that face a person buying such property.

it is absolutely disastrous to purchase a property that doesn’t have the complete documents, it may look like a good buy and you may be convinced that the documents will be handed to you in a short time, please do not fall for those stories get all your complete documents before paying so you don’t end up loosing your money.

 

[Setho]

The issue of legalities and real estate miscalculations are one of the dangers of buying or building a landed property. In my country for instance depending on the location you are buying, it is important you buy a land and register it with the government before anything else . this will prevent you a lot of trouble from trouble makers and scammers.

 

[sam386150]

Buying a property that have an incomplete document he's like you see your and dig your grave, if you are to get a property from somebody you must make sure first of all all the documents are complete Goodwill current US everything is intact else you have yourself to blame at the end of the day.

Post automatically merged: Jan 30, 2021

Buying a property that have an incomplete document he's like you see your and dig your grave, if you are to get a property from somebody you must make sure first of all all the documents are complete Goodwill current US everything is intact else you have yourself to blame at the end of the day.

 

[Kehinde]

When a seller fails to disclose a material, latent defect, that seller is liable for any costs the purchaser has to pay to remedy the situation. This liability extends to the listing agent. ... The owner and agent may remain liable even if the buyer's inspector does not discover the defect during inspection.

 

[Highflyer]

Buying a house that has no documents attached to it is very risky because it could even be a stolen house, you have to ensure all documents are properly signed before being handed the ownership of the property, follow the right process.

 

[Obaterof]

It is very dangerous to buy a structure that the document is not complete because you might end up not having the property or being arrested for it. documents are concrete evidence of ownership to any structure. so for you not having a complete document of a structure means, you're not a legal owner of it.

 

[marky]

I accept this assertion or question is logical in light of the fact that for what reason would you need to purchase or put resources into a house that has deficient reports this is a mistake in any case. Never purchase such house in any case.

 

[Adegbindin Abdullahi]

It is not wise to buy a house that as an incomplete document because there is no evidence to show that we are the owner of the property and can't rent it out or sell. The person that even sell the house can claim the house as far as you don't have the complete papers of the house

 

[Rimsha kanwal]

When a property is first registered the Land Registry extract relevant details from the deeds and create a registered title. This gives the address or description of the property, whether freehold or leasehold, names of owners, any mortgages secured against the property, any restrictions and rights affecting the property. It provides clear details on all matters affecting the property, without having to refer to old deeds and documents.
hen the registered property is sold, the Land Registry will consider the application submitted on behalf of the purchaser to ensure correct documentation and evidence has been provided and will then update their records to indicate the change of owner.

 

[Chibson]

One of my relations or should I put it far relation have been a victim of this situation. He bought a land that doesn't have complete document and he didn't know that other people have bought this particular land some time ago. It was a big issue. It is not advisable to buy any property and does not have complete document.

 

[tuna89]

One of the most dangerous things to do when buying properties is incomplete documents and lack of verification of the properties, basing on your points, such properties can either be taken over by the government or demolished, further disputes and court cases may occur with different parties who may claim ownership of the properties as well, one should desist from such mistakes.

 

[Judee201]

Check the building document and do a due diligence. Does the land have a C of O or Consent, is the building approved, are you buying from the right source.

Do not buy a house that has incomplete documents, I repeat, fo not buy a house that has incomplete documents. It's very risky

 

[Thosynho]

In recent years, we have probably seen house and structures been brought but after some few years..they get collected by the government or there's a dispute between 3or more buyers of same property.
What are the real hazards that face a person buying such property.

The major problem of buying house with incomplete documents is to later discovered that you have been scammed which could further lead to you being arrest for trespassing into people's property.

 

[shakky2]

buying of houses with incomplete house documents is a dangerous decision to take and this has negative consequences like loosing of the properties and paying of too much money to retrieve the documents.thr best thing is just to avoid buying of properties with the incomplete documents

 

[Chumzy]

I don't think that any sane person will take such a risk in this present age. You risk losing every penny you paid for that land if it goes wrong with the deal. It could be a wrong person selling or a total scam and it could come back to haunt you in future.