Recent demolitions in Harare, Zimbabwe, have highlighted the importance of purchasing legal residential stands to avoid losing years of savings.
The Harare City Council recently demolished dozens of houses in Ridgeview and Belvedere, citing illegal construction and fraudulent land allocations. This operation is part of a broader effort to restore urban order and ensure that all settlements are built with necessary approvals and essential services.
As a result, it’s crucial for potential buyers to understand the correct process for purchasing legal stands to avoid similar issues.
1. Research and Identify Your Preferred Location
Begin by researching different areas where you might want to buy a stand. Consider factors such as proximity to amenities like schools, shops, hospitals, and transportation links. Additionally, consider the area’s future development plans to ensure it meets your long-term needs.
2. Engage a Reputable Real Estate Agent
Finding a reputable real estate agent who is familiar with the area can be immensely helpful. A good agent can help you locate available stands, negotiate prices, and handle legal paperwork. Ensure that the agent is registered with the Estate Agents Council of Zimbabwe (EACZ) to guarantee their legitimacy.
3. Visit the Property
Before making any decisions, visit the property in person. Inspect the land and check for any potential issues, such as land disputes, access to utilities, and the overall condition of the area. Talking to neighbours and local residents can provide valuable insights about the community and any potential red flags.
4. Verify Ownership and Title Deeds
Ensure that the seller has clear ownership of the land and that the title deeds are in order. Conduct a title search at the Deeds Office to verify the legitimacy of the documents. This step is crucial to avoid purchasing land with fraudulent or unclear ownership.
ALSO READ: Harare City Council Speaks Out on the Demolition of Houses in Belvedere Amid Social Media Outcry
5. Check Zoning and Land Use Regulations
Consult the local municipal or town planning office to verify the zoning and land use regulations for the stand. Ensure that the land is designated for residential purposes and that there are no restrictions or limitations that could affect your plans for development.
6. Negotiate the Price
Work with your real estate agent to negotiate a fair price for the stand. Be prepared to make a deposit, which is typically around 10-20% of the total price. Make sure that all terms and conditions are clearly outlined in a sale agreement.
7. Sign a Sale Agreement
Once you and the seller agree on the price, sign a sale agreement. This legally binding document outlines the terms and conditions of the sale, including the payment schedule, any contingencies, and the responsibilities of both parties.
8. Make the Deposit
Make the agreed-upon deposit to secure the stand. This deposit is usually non-refundable if you decide to back out of the deal. Ensure that the payment is made through a secure and traceable method.
9. Complete the Payment
Arrange for the remaining balance to be paid according to the terms of the sale agreement. This may be done in instalments over a specified period. Keep records of all payments made and ensure that the seller provides receipts.
10. Transfer the Title Deeds
Once the full payment is made, the title deeds will be transferred to your name. This process is handled by a conveyancer or lawyer, who will ensure that all legal requirements are met. Make sure that all fees and taxes are paid during this process.
11. Register the Property
Finally, register the property with the local authorities to ensure that it is legally recognised as yours. This step is essential for protecting your ownership rights and preventing future disputes.
Avoiding Common Pitfalls
- Fraudulent Sellers: Always verify the seller’s identity and ownership documents. Avoid making payments to individuals who cannot provide legitimate proof of ownership.
- Illegal Land Sales: Be cautious of stands being sold without proper zoning and land use approvals. Consult the local planning office to ensure the land is designated for residential purposes.
- Incomplete Paperwork: Ensure that all necessary legal documents are completed and signed. Missing paperwork can lead to ownership disputes and legal complications.
Buying a residential stand in Zimbabwe requires careful research and due diligence. By following these steps and working with reputable professionals, you can secure legal and legitimate property.
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The post How to Buy Legal Residential Stands in Zimbabwe appeared first on iHarare News.