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Real Estate Question: What Are Disadvantages Of Purchasing A Land?
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[QUOTE="Jasz, post: 218974, member: 61772"] There are many potential disadvantages of purchasing a land. Some of these include the following: When you are purchasing a piece of land, you also have to consider the disadvantages. The main disadvantage is that you own a piece of land that's situated right next to a landfill. This can have negative implications for your property value. Another disadvantage is that you have to go through the hassle of selling it. Selling a piece of land can be difficult if your property has no outstanding features or if it's in a bad location. If you're purchasing land near a river, there is the risk that it might flood during heavy rains. And speaking of floods, another disadvantage is that you could lose all your belongings if your land gets flooded. The seller may not be the true owner of the land. The seller may not reveal information about ownership that may affect your decision to purchase the land. He or she may not reveal any hidden defects in the land The seller may also attempt to sell you an overpriced property by claiming it has better features than it actually does.. You should be very vigilant while trying to own a land. [/QUOTE]
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Real Estate Question: What Are Disadvantages Of Purchasing A Land?
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