I recently had plans to buy a property next to my house on the western side. I was unsure, though, can eastern side owner buy adjacent western side property. Hence, I did some research and found that it’s best to purchase the adjacent property only if it is east, northeast, or north of the land you own.
Is It Okay to Purchase Adjacent Plot?
Yes. But, purchasing land to the west, southwest, or south of your current property is not a wise investment since it could result in loss and bad luck. Moreover, I also came to know that in the real estate market, a number of practical and legal considerations determine whether an owner on the Eastern side can acquire a property on the Western side.
It is necessary to take into account the zoning regulations and borders of the particular region where the properties are situated.
The existing owner's willingness to sell as well as any possible effects on the Eastern side property's market value may have an impact on whether buying the adjacent Western side property is feasible.
You must also give a lot of thought to legal implications that could arise from the purchase of nearby properties, such as property tax assessments and boundary disputes.
On a Monday, Thursday, or Friday, purchase land.
Don't make the northwest corner bigger.
Steer clear of plots that have significant expansions or corner cuts.
When purchasing a plot, take all factors into consideration.
Choose a rectangle plot whose length to width ratio is 1:2.
Before buying a property close to the Western side, I am planning to get due diligence done from the legal expert. I hope you found this answer helpful.
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Authors Of The Question
Can Eastern Side Owner Buy Adjacent Western Side Property?
Khushal
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1 Answers
7 months
2024-05-13T07:21:07+00:00 2024-05-14T19:23:15+00:00Comment
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