Business: Property Dos and Don'ts

BUYING vacation or retirement property can be risky. To help prospective landowners avoid expensive mistakes, here is some advice:

DON'T buy any land without seeing it.

DON'T close any deals on your first visit to the development or while still basking in the rosy glow of a sales talk. Go home and think about it.

DON'T assume that land prices can only rise. Your prospective plot may be overvalued to begin with.

DON'T rely on anything a salesman tells you about planned tennis courts, golf courses, marinas, etc. Such features have a way of being delayed....

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