Unregistered Land – The Facts
There is no hard and fast rule for defining luxury. What seems luxurious to you can be mania for others and vice versa. Many people are striving for luxurious vacations. Some people are mad to wear luxurious jewelry.
Now then, whenever there is a great crisis there is always opportunity to be found, and this might be a great opportunity to buy some raw land.
If first registration has not occurred the Title Deeds to the land will be held in paper format by the owner themselves or their solicitors. These Title Deeds will be the only legal documentation that proves ownership. Obviously, this can make finding the owner very tricky but here are a few tips of what to do when you find the land is unregistered.
These luxury real estates are basically luxurious from the location point of view. If you find any apartment or house which is near to any coastal area or more precisely near to any beach or a famous spot, definitely the price will be higher than your expectations.
Once you have confirmed the land is unregistered we would recommend you gather some local knowledge. Speak to as many locals in the area of the land as they will often have a good idea who owns it or will certainly give you some leads. Depending on where the unregistered land is, it can also be very helpful to speak to local businesses.
Now then, if you are not a pilot, or you don’t know how to rent an airplane, another way to do this is to go on Google Earth, and fly virtually over the city. Still, you must remember that some of those photos were taken in different years.
The key is to gather as much information as possible and you will soon start getting leads as to who the owner might be. You will often find that you can find the ownership details upto a point in the past but then the trail goes cold and you are unable to find the current owner. When you get to this point you only really have two options.
Indeed, I also recommend that you stop in City Hall and look at the master plan to see what the city is planning, because that also gives you an indication where the growth will be in the future, where the best zoning is, and which land will be worth the most in the future. Please consider all this.
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