Construction is booming in Zimbabwe these days. You've got housing co-ops, contractors, and all sorts of people getting in on the action. But before you jump into any deals, you better make sure you know what you're buying. That's where immovable property due diligence comes in.
In Zimbabwe, it's pretty straightforward. If you're buying a property directly from the seller or through a real estate agent, the first thing you want to check is whether the property has a title deed. That's the document that proves who owns the place.
If the property does have a title deed, you'll want to make sure it's the real deal. Check for any red flags like caveats or mortgage bonds. Those could mean there are strings attached to the property.
But not all properties have title deeds. Some are held under cession from the local government. In that case, you'll need to dig a little deeper to find out who really owns the place and what's going on with it. This is especially important before you sign a Deed of Assignment.
In Zimbabwe, it's pretty straightforward. If you're buying a property directly from the seller or through a real estate agent, the first thing you want to check is whether the property has a title deed. That's the document that proves who owns the place.
If the property does have a title deed, you'll want to make sure it's the real deal. Check for any red flags like caveats or mortgage bonds. Those could mean there are strings attached to the property.
But not all properties have title deeds. Some are held under cession from the local government. In that case, you'll need to dig a little deeper to find out who really owns the place and what's going on with it. This is especially important before you sign a Deed of Assignment.
