PRACTICAL ADVICE FOR ACTORS IN REAL ESTATE OPERATIONS

Real estate being an essential vector of wealth, several operators invest in it to implement real estate operations. The latter can be defined as any real estate transaction carried out between an offeror and an applicant who meet on the real estate market, in order to acquire or sell a property. The property we are referring to here can include both unbuilt buildings (land) and built ones (construction). It therefore obviously seems to be emphasized from all points of view that the acquisition of real estate requires, beforehand, certain precautions with regard to the significant investments made there. What are these precautions; how can a buyer or better, a real estate investor preserve his interest in this sector?

GENERAL

The essential legal basis to use is Decree No. 79-017 of January 13, 1979 on private real estate transactions.

Overall, it should be remembered that for a partial alienation or sale of a domain, it is first necessary to proceed to a demarcation of the part concerned which is only the result of a request, addressed to the service of the territorially competent domains; this is brought into play by the seller. Then, the report and the demarcation plan must be drawn up. The latter must also be stamped and stamped. For a sale which relates to the whole, dispensation is made to carry out the demarcation.

Following these prerequisites, the territorially competent notary is jointly seized by the seller and the buyer, with certain supporting documents; he must proceed with the drafting of the deed and expedite the fragmentation procedure (on this subject, read this article here) with a view to registering this space.

SPECIFICITY

It is also important to emphasize that real estate purchases or financing must take certain criteria into account before being truly operationalized:

First, consider the area of ​​investment or real estate purchase: is it a rural area? Is this an urban area? what is the market price applied to it? (Read our article on the price list here) and correlate it with your real estate project: is it to promote housing? Is it for a family building? Is it for an agricultural project? Is it for an industrial, sports project etc.?

Secondly, take into account the current and future level of development of the area: is it inhabited? At what scale? Is it electrified? Is it paved? If not located how many kilometers from the tarmac, is there a current or future economic, social or cultural project, in the short or medium term targeted in the area?

Taking all these elements into account will certainly allow you to calmly and efficiently carry out your purchase or your investment at the "right price". This way of doing things will also promote better foresight on the assessment of investment risks and therefore tip the balance more in your favor so that in the long term, you have the feeling of added value following the real estate transaction. .