Q:

How do you buy a historical property?

A:

Quick Answer

To buy historical property, gather information, hire an agent, assess the condition of the property and fulfill legal requirements. Determine the cost of the property and compare it to financial capability before initiating the buying process, notes Discover.

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Full Answer

Property is considered historic if it exemplifies signature architectural style, captures the essence of a given period or if associated with a famous person from the past, states Realtor. Do the following to acquire a historical property.

  1. Gather information regarding the property
  2. Talk to people living in the neighborhood regarding the property of interest. Visit government offices dealing with historical property to get more information. Research online resources for details.

  3. Hire a real estate agent
  4. Review local agents and choose the most reputable. Talk to family, friends or colleagues who have already bought property and ask them for agent recommendations. Schedule an appointment with the agent and agree on terms for a bid and negotiations.

  5. Assess the property
  6. Seek a qualified local inspection agent to carry out structural tests and determine the safety of the entire property.

  7. Fulfill legal obligations
  8. Visit the local authority office that deals with such property and fulfill all legal obligations, including taxes and the acquisition of necessary permits. Sign the deal in the presence of government officials and a personal lawyer.

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