Saturday, September 29, 2007

As hard as it is to believe there are many individuals that are buying property site unseen on



As hard as it is to believe there are many individuals that are buying property site unseen on many of the popular, and some not so well known, online auction websites. Bargains are a great thing to lay your hands on, especially when it comes to known expensive real estate, but as ole timers might say, don"t bet on another mans game. Aside from pictures and videos, which can be enhanced or out right lied about, there is not much evidence to go on, unless you make a trip to personally view the property and structures yourself. If you"re seriously considering buying an online piece of real estate, you need to examine a few issues. For example, what about the deed and title to the property, are they clearly deeded and owned by the seller? Are there any other encumbrances on the land and or home, such as inheritance claims, foreclosure actions, or mortgage and bank claims? Also, is the property a land locked area where no building or road frontage is available. How well has the property and any structures associated with it been maintained? Consider too that certain utilities might not be available for lands that are remote. In other words, if you want to build is there enough property to dig for a well, or to install a septic system because of local ordnances governing such activity? These are just a few of the issues that you will encounter when purchasing real estate through an online auction.




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