How To Identify Good Parcels Of Land – Land Investment
Two initial questions that arise when considering purchasing land are ‘What Type of Land?’ and ‘Where to Buy’. There are many different parcels of land that have differing potential uses which will affect what you can do with that land or what type of future buyer will be interested in it.
Unregistered land is land that has not been registered with the Land Registry, however,does not mean that it does not have an owner or is abandoned land. It simply means that the land has never gone through the process of first registration with Land registry. First registration will have only taken place if the land has been sold in the last 25 years or the owner has decided to go through the process themselves. Often, this means that the land has been owned by the same person, company or family for many years.
If first registration has not occurred the Title Deeds to the land will be held in paper format by the owner themselves or their solicitors. These Title Deeds will be the only legal documentation that proves ownership.
Obviously, this can make finding the owner very tricky but here are a few tips of what to do when you find the land is unregistered.
So when reviewing land, you will need to find out what the Planning and Development regulations are within the council area. You can find the council Planning Scheme, Neighborhood Character studies, permits and fee details, planning register – so you can see what other people have been doing in the area, subdivision and environmental regulations.
Once you have confirmed the land is unregistered we would recommend you gather some local knowledge. Speak to as many locals in the area of the land as they will often have a good idea who owns it or will certainly give you some leads. Depending on where the unregistered land is, it can also be very helpful to speak to local businesses. Next, it worth trying to find historical information about the area that the unregistered land lies in. It is well worth visiting the local library and churches as they sometimes have old maps of the area or books on what the land has previously been used for.
That said, if you are looking forward to purchasing a tract of land in Missouri, the first step is check for all the places, their location, climate, recreational opportunities available there or rather the special features of the place, its connectivity to other important areas and based on all of the above, you can choose a location for further consideration. You can gather more information on the Internet searching for land for sale in Missouri.
Your first option is to try and claim the land via adverse possession, this takes 12 years of continuous use before you can apply to the Land Registry to register the land as your own. Obviously, this is a very long term option but be going down this route the owner may make themselves know as they do not wish to give up the land. This will give you the opportunity to speak to owner and purchase the land if that is your aim.
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