Treymetcalf

The second stage involves due diligence on the property itself. An independent lawyer ought to examine the ownership record, existing charges, building permits and whether the seller is actually the person entitled to sell.

Community fees are often overlooked. A unit in a managed building with a pool, a lift and shared parking carries regular fees that run on whether you are there or not.

Last of all, a lot of buyers fail to plan for the annual paperwork. Tax filings can be required regardless of whether the property earns anything, and overlooked notices attract charges that grow over time.