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HOW TO BUY GENUINE LAND & REAL ESTATES IN GHANA LEGALLY

TABLE OF CONTENT:

1. 👉MAKE SURE THAT YOU KNOW THE IDENTITY AND THE GENUINENESS OF THE SELLER

2. 👉VERIFY ALL THE LEGAL DOCUMENTS COVERING THE LAND

3.👉DO YOUR RESEARCH AT THE LANDS COMMISSION

4. 👉DO YOUR RESEARCH AT COLLATERAL REGISTRY

5. 👉DO YOUR RESEARCH AT THE COURT TO ASCERTAIN PENDING LITIGATION

6👉 ASK AROUND THE NEIGHBORHOOD

7👉 SCRUTINIZE THE CONTRACT OF SALE

8. 👉MUTUAL UNDERSTANDING WITH YOUR SPOUSE

9. 👉BE CAUTIOUS WITH THE PREPARATION OF TRANSFER DOCUMENT OR ASSIGNMENT’S I

10. 👉VERIFY THE REGISTRATION OF THE ASSIGNMENT OR SUBLEASE

MY TAKE ON THIS TOPIC:

Investing your money in land (plots) and real estate (residences) is one of the most profitable and profitable agencies for projects in Ghana. One cannot even begin to think of the blessings of using land and housing in Ghana, although they present their own challenges. But the way to the risky land ownership system in Ghana, to get land easy and free from jail and opportunity property problems is terribly frustrating and especially before a client or the capitalist to accept law and property, there must be due care to reduce the risk of a fraudulent (fake) transaction.


1👉VERIFY THE IDENTITY and THEREFORE THE AUTHORIZATION OF THE SELLER;


The first very important reason when purchasing lots is to consider the originality and legitimacy of the seller(s). By verifying the seller ID, you can ensure that you are dealing with the right person. Therefore, it will do this by analyzing and enlarging copies of the individual card (ID). The ID presented must be one of the nationally recognized IDs. If the provider is an agency framework, please ensure that the company is promptly registered under the applicable Ghanaian legal guidelines. an additional look at your previous assets or real estate transactions.Now if you are dissatisfied with the above, you should proceed with the transaction very cautiously.

2👉CHECK ALL THE LEGAL DOCUMENTS COVERING THE COUNTRY:


Ensure the assets or country have all prison records corresponding to the assets. to have a bet on the man or woman of the property or property, the property or property must have the following files: deed or liquidation of rents; Country Identity Certificate; building permit; impartial organization allowed etc.
pps In addition, it is crucial that you only prove the final rent of the property or assets in the land register or company ID card. the size of the property must be specified and must match the specific length of the property.


3👉 DO YOUR RESEARCH AT THE LANDS COMMISSION:


During the examination of the files overlaying the assets, the next step is to register the land or assets with the Land Commission in Africa u . s ..The Land Fee has a dedicated branch in Ghana that handles the registration of land transactions in Ghana. An investigation with the Land Commission will provide information about the land or assets you are proposing to purchase. the knowledge provided must match the files or information provided to you by the provider.
pps Searches in the land rate are performed through the map of the area of the property or land. It is always advisable to train your own surveyor to prepare your own online website plan for searching. Scammers are actually offering you a website plan or files that have nothing to do with assets or land. you have to buy


4👉 DO YOUR RESEARCH AT COLLATERAL REGISTRY:


Another important regime established for the behavioral search is the warranty registration. The branch records all collateral transactions in recognition of land or assets. Inquiries made under this login can tell the solvent customer whether the assets have no longer been used as collateral for a mortgage transaction.


5👉DO YOUR RESEARCH  AT THE COURT TO ASCERTAIN PENDING LITIGATION

to set up an unfinished prison with the intention
that you must assure yourself that land is not always an issue for any form of litigation. Therefore, it is important that investigations into court records are conducted to anticipate whether or not the assets are a subject of litigation.


6👉SEARCHING IN THE NEIGHBORHOOD


transactions in the country continuously trade faster than transactions in the country rate, the guarantee register and the relevant authorities of the opportunity.In this sense, it is very important that the searches are carried out on the property, i.e. in the neighborhood.
pps It is conducted to value the assets, interview some of the neighbors and observe the neighborhood and its surroundings.


7👉 SCRUTINIZE THE CONTRACT OF SALE:


Once satisfied that the property is vacant and clear of all encumbrances; You are dealing with the right person and hence the assets have overlaid all the appropriate files. The next step is to prepare an agreement overlaying the transaction. The agreement must include all parties united by the events involved.

8👉CONSENT FORM SPOUSE:


The regulation requires that the spouse’s consent be required in the recognition of transactions that overlap the disposition of the spouse’s popularity estate. Therefore, you should discuss and ensure that preferential consent has been obtained before entering any marital property recognition business. Failure to obtain the required consent may render the Company null and void.

9👉PREPARATION OF TRANSFER OR ASSIGNMENT DOCUMENT:


Property in Ghana is transferred from one party to the other by a document called an assignment or sublease. This document contains the location plan of the property, rental period, agreements and other conditions. of the document and subsequent signature, title is deemed to have been validly transferred from seller to buyer.

It is important that the buyer collects all of the above documents covering the seller’s property. These documents are needed to help you register the property or land.

10👉VERIFY THE REGISTRATION OF THE ASSIGNMENT OR SUBLEASE

This last phase consists in registering the transfer or sublease with the Land Commission. If the registration is done in Greater Accra in Ghana, the buyer will receive a title deed for the property.

NOTES:
that the above is a useful guide to buying land/property in Ghana.However, some of the transactions may differ depending on the type of property or transaction. Therefore, it is recommended that you consult a qualified land transaction professional or attorney to assist you with your land transaction.

DISCLAIMER:
The content of this article is intended to provide general guidance on the subject. Professional advice should be sought in relation to your specific circumstances.

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How To Buy Genuine Homes (real estate) & The Procedure in Ghana?

CLICK HERE TO EXPLORE MORE ABOUT A 5 BEDROOMS FOR SALE AT ACCRA

How To Buy Properties & The Procedure in Ghana?
There aren’t any regulations on foreigners shopping for belongings in Ghana. However, There are exceptional sorts of land, a number of which can’t be privately owned.

6 BedRooms For Sale At East Legon Accra-Ghana


THERE ARE 6 TYPES OF LAND IN GHANA:

1- Government Land,

Vested Land,

Customary Land


Stool Land

Family Land

Private Land.

To collect Government Land or Vested Land, an utility should be filed with the Executive Secretary of Lands Commission or the Regional Lands Officer, relying at the region of the land.


Customary Land belongs to exceptional Stools in Ghana, who’ve the authority to provide the precise standard land for which they’re responsible.

The 1992 Constitution states that there should be no loose keep hobby granted in land.
Customary Land granted to non-public people or households earlier than the 1992 Constitution”is now taken into consideration” non-public land. In this case, the consumer has to move without delay to the proprietor of the land.

The offerings of a actual property agent and a legal professional are needed in obtaining Properties

CLICK HERE TO BUY A GENUINE PROPERTY

A name seek could be very crucial to decide the possession and sort of land the consumer is fascinated in. Once all agreements had been settled, a Deed of Conveyance, or the appropriate tool of transfer (indenture), is ready with the aid of using the legal professional.(lawyer) Upon signing, the name is transferred to the consumer, who, on the equal time, will pay for the belongings.
The name is registered on the Lands Commission Secretariat. Property registration takes round forty eight days to accomplish, with around 5 procedures.

LEGAL FEES
Legal expenses are regulated with the aid of using the Ghana Bar Association. The following quantities are prescribed criminal expenses for conveyance


STAMP DUTY
Stamp responsibility is levied at the fee of the belongings at revolutionary rates

PROPERTY VALUE
The spherical ride transaction fees encompass all fees of purchasing after which re-promoting a belongings –

EXPENSES lawyers´ expenses, notaries´ expenses, registration expenses, taxes, agents´ expenses, etc.


CURRENCY: As Of The Time Writing This, The Dollar is 1usd= 7ghc. 25,April,2022

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