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What to do if you have bought an illegal property: tips and advice

When purchasing a property, it is important to make sure that all legal aspects are properly resolved. However, sometimes it can happen that you unknowingly purchase an illegal property. This can be due to various reasons, such as missing permits or illegal construction work. But don't panic - in this blog post we give you useful tips on what to do if you find yourself in this situation.

1. Stay calm and keep a clear head:

It's understandable that you're worried, but panicking won't help. Stay calm and try to approach the situation rationally.

2. Check the legal framework:

Carefully review all the paperwork and documents you received when purchasing the property. Make sure you have all the relevant information about the legal situation of the property.

3. Consult a lawyer:

A lawyer who specializes in real estate law can provide valuable legal advice and help you understand your options. They can also help you take the legal steps to resolve the situation.

4. Find out about possible sanctions:

Be aware of the potential legal consequences associated with owning an illegal property. This may vary by country and region.

5. Consider legalization:

In some cases, it is possible to legalize an illegal property by obtaining the necessary permits or reversing construction. Your lawyer can help you navigate this process.

6. Check your finances:

Conduct a thorough review of your financial situation to ensure you can cover any additional costs for legal advice, penalties or construction work.

7. Consider resale:

If you decide to sell the property, you may need to inform potential buyers about the legal situation. This can affect the selling price and attractiveness of the property.

In summary: Buying an illegal property can be a complex and stressful situation, but there are steps you can take to resolve the matter. By working with an experienced attorney and carefully considering your options, you may be able to find a solution that helps you regain control of your real estate investment.

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