As a real estate developer, buying property is the core of your business. And that means you need to know exactly what it is that you’re buying.
Many times, people are unsure about things like property boundary lines or exactly how much land they own. The average homeowner probably has a rough idea where their yard is, but do they know exactly? Is that fence that the neighbor is putting up actually a few feet on the wrong side of the line? People are unsure, and it can lead to a lot of issues.
You know that you can’t afford to be unsure. You have to have all of the proper documentation and know exactly what you’re investing in. But that doesn’t mean that you’re not going to run into disputes if the property that you’re buying borders on someone’s land, and they don’t have quite as much of a grasp on the situation as you do.
What can you do about a dispute?
For instance, maybe you purchased a plot of land and began development when a nearby neighbor came and told you that you needed to move your equipment because it was on their property. You know that they’re wrong, but now what do you do? Even when you show them the paperwork, they refuse to believe you.
It’s important to understand all of the practical and legal steps you can take. Getting a survey may just be one of those steps if there is confusion over where that boundary line is. But that may not be enough, and that’s why it’s important to work with an experienced team.
