After ensuring the transaction general economic viability, conducting a series of legal and other inspections is highly recommended in order to confirm the transaction objective viability, rule out any possibility of hidden legal problems, and finalize the inspection of the transaction economic viability. These inspections can be divided into three major categories: Legal inspections Inspections of the property itself Area and potential Legal Inspections: The legal inspections conducted by your lawyer can be divided into two parts: mandatory inspections and optional / crucial inspections. As part of the mandatory inspections, your lawyer must ensure the reliability of the property registration with the land registrar (Tabu) or housing company. When visiting the Pledge Registrar, your lawyer must ensure that no mortgage has been placed on the property, no unusual warning notes exist, and the property legal status must be confirmed. Additionally, the lawyer must ensure that those presenting themselves as the sellers are in fact the property owners or are legally authorized to act on their behalf. At the same time,Erotic Beijing Massage, the lawyer should find out whether the structure has been legally approved and whether any deviations from construction regulations exist, and become aware of any legal proceedings against the property, confirming that all of its facilities (such as: pergolas, sunshades, outdoor storage sheds, etc.) have been legally constructed. In the case of a condominium or a community settlement, the condominium regulations or the settlement terms of membership must be reviewed. The warning note inspection must be conducted again just before the contract is signed to make sure no contradicting transactions have been made at the last minute. Inspections of the Property Itself: There is no doubt that ultimately, the most important part of the real estate transaction is the property itself. Today, there are professional firms which specialize in engineering inspections of the property and its facilities, ensuring that no known or unknown flaws exist which can lead to additional costs, unexpected or planned, in the near or foreseeable future. As part of the property inspection, the property file with the local committee must be reviewed, in order to verify that the actual status of the property corresponds with the drafting and plans. Additionally, it is recommended to check whether the property approved construction percentages have been exhausted,Beijing Tantric Massage, to find out if future expansion requests may be submitted. When the transaction includes additional items contained in the property (ranging from a solar water heater and kitchen cabinets, to furniture or any other equipment, as well as the status of the garden if any), these must be fully inspected for normal working operation, and their required condition when delivered to the buyer must be included in the contract. Examining the Area and its Potential: For any real estate purchase it is recommended to thoroughly inspect the property area and location (both legal and planning aspects), as well as any possibilities for future development of the property immediate vicinity and further surrounding areas. As part of these inspections, future development plans must be thoroughly reviewed ?whether already approved or only submitted, specifically any plans imposing future land betterment tax on the property to be paid by the buyer. Development trends in the surrounding areas should be noted, as well as their effect on the property value and usability (for example: if a shopping mall is planned nearby, this can be an advantage for a person preferring the proximity of shopping facilities, but a disadvantage for someone looking for peace and quiet). The period of time allotted to inspection varies from a few years (in areas undergoing urban development) to about a decade for older, more established areas. Of course, the property physical surroundings must be inspected, ensuring their suitability to the buyer needs: the environment, any services provided, noise levels, proximity to cellular antennas and electric company transformers, etc. An additional inspection, which has become popular in recent years, is that of the neighbors ?immediate vicinity and medium distance from the property. Commercial firms specializing in such inspections can establish an area profile for the potential buyer and aid him/her in making his/her decision. In Summary: Undoubtedly, when intending to purchase real estate property,Low factor of safety of traditional pan cake hidden pressure, one must conduct an extensive series of legal and other inspections. The cost of such inspections can be up to several percentages of the property price, and they can be conducted in a period ranging from about one week to one month. Conducting these inspections before signing a contract and investing one time and resources in ensuring everything is in place can save the buyer distress and aggravation, as well as the enormous economic loss that may be incurred when lindly?entering a real estate deal. The sums involved in a real estate transaction are always relatively high for the buyer, whether he/she is buying his/her own residence, a property to be rented out, or whether he/she is involved in a more complex real estate transaction. The amount of risk requires one to utilize all possible means to reduce the risk factors. It is unquestionably better to spend these sums in advance and ensure everything is in order rather than regret it later. The writer is a lawyer specializing in preventive and commercial law. He serves as the head of the R. A. Gamliel law office. The firm website: www.RAGamliel.com and Step-in-side.com