WHAT QUESTIONS TO ASK THE PROPERTY OWNER OR AGENT when buying a property in Sierra Leone

Are you considering investing in property in Sierra Leone? Before you take the leap, make sure to ask the property owner or agent these crucial questions. It’s essential to do your due diligence to ensure a successful and hassle-free transaction. Don’t miss out on this opportunity – ask the right questions and make an informed decision.

1. Title and Ownership:

a. What is the exact location of the land?

b. Who is the registered owner of the land?

c. Can you provide the land title documents? Is it a leasehold or freehold property?

d. Has the land been previously sold or mortgaged? If yes, are there any existing encumbrances or legal issues?

2. Land Use and Zoning:

a. What is the designated land use for the specific property (residential, commercial, agricultural)?

b. Are there any zoning restrictions or development regulations applicable to the land?

c. Are there any specific limitations or conditions regarding construction or land development?

3. Boundaries and Survey:

a. Are the boundaries of the land clearly demarcated and surveyed?

b. Can you provide an accurate survey plan or cadastral map of the land?

c. Are there any disputes or conflicts regarding the land boundaries with neighbouring properties?

4. Access and Infrastructure:

a. How is the accessibility to the land? Is there a proper road network or transportation nearby?

b. Are there any utility connections available (electricity, water, etc.)?

c. What is the condition of the existing infrastructure in the vicinity (schools, hospitals, markets, Cemetery, etc.)?

5. Community and Local Authorities:

a. Are there any community or traditional land ownership systems that need to be considered?

b. Have the local authorities or relevant government agencies approved the land for sale?

c. Are there any pending or proposed development projects in the area that might affect the land value or accessibility?

6. Environmental Considerations:

a. Are there any environmental restrictions or protected areas affecting the land?

b. Has an environmental impact assessment been conducted for the land?

c. Are there any potential risks such as flooding, erosion, or contamination in the area?

7. Planning and Development:

a. Are there any approved development plans or future infrastructure projects that could affect the area?

 b. What are the development restrictions, if any?

8. Price and Payment Terms:

a. What is the agreed-upon price for the land?

b. Are there any additional costs or fees associated with the purchase (taxes, agent fees, legal fees)?

c. What are the payment terms and conditions?

9. Ownership Documentation and Taxes:

a. Can you provide copies of all relevant land ownership documents and records?

b. What are the property taxes or other ongoing costs associated with the land?

10. Local Community and Social Considerations:

a. How is the relationship with the local community, and are there any cultural or social aspects to be aware of?

b. Are there any community fees or obligations related to the land?

11. Market Analysis:

a. What is the current market value of similar land in the area?

b. How has the land’s value changed over the past few years, and what are the projections for the future?

Conclusion

Thinking about investing in real estate? It’s a wise financial move, but it’s essential to prioritize due diligence. To ensure that you make an informed decision and safeguard your investment, it’s crucial to consult with a qualified real estate attorney or property expert who can review responses and documents. This way, you can protect your investment and get the most out of your real estate venture. Let’s work together to make your investment a success.

If you’re buying a property in Sierra Leone, Global Salone can help you ask the right follow-up questions to ensure that you’re investing in a conflict-free property. Check our website https://enketo.ona.io/x/x9gOMKFz to see the percentage of assurance associated with the property you’re interested in. This score will guide you in deciding whether to proceed with the transaction.