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Buying a property involves thorough checks beyond just location and price negotiation. Potential hidden issues include debts secured by the property, enforcement measures, or unauthorized modifications. It's crucial to verify documents before signing contracts or paying deposits. The land registry extract is essential for confirming ownership and any encumbrances. If a property has a mortgage, buyers must understand the conditions for its release. Additionally, any existing seizure can complicate sales. Unauthorized renovations can also pose legal challenges. Buyers should clarify all financial implications and conditions regarding deposits before proceeding with a purchase.
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