
Before You Buy Land in Bali: 7-Step Due Diligence Guide
Before You Buy Land in Bali: 7-Step Due Diligence Guide
ILOT PROPERTY
A dream of living on a sun-kissed tropical island can be easily spoiled if you reveal some unpleasant facts about a Bali land parcel you’d like to buy. Legal checks may not sound romantic, but it is necessary when foreigners buy land in Bali.
Legal risks and unforeseen issues can dramatically change the negotiation progress and even make you change your mind in favour of another Bali land. To help you make an informed decision, Ilot Property designed a simplified Due Diligence guide for anyone looking to buy land in Bali.
By browsing beautiful land listings, anyone would be impressed by the views, location, and affordability offered by the island. However, an online listing will likely say little about all the legal details and regulations – eventual land-use restrictions, ownership issues, unnecessary hidden fees, unpaid taxes, or any other risks. To prevent such surprises, you should hire a team of professionals to conduct due diligence – an investigation before the agreement.
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Due diligence must be done before signing anything, as the results will undoubtedly influence the negotiation, mainly the asking price. Ultimately, it will clarify whether you want to move forward with the investment into a specific plot of land or if you need to look elsewhere.
Proper due diligence before you buy land in Bali should include:
Typically, a notary and a lawyer can help you with due diligence. Make sure to hire someone you can trust. The Ilot Property team has over 20 years of experience buying and validating land for clients. It is the first step in our process to build you the luxury turnkey investment property of your dreams.
The process of all necessary checks may take from a few hours to several weeks. The Ilot Property team meticulously follows every step and digs deep to discover all the details about the Bali land you are about to buy.
The critical consideration is the price of the IMB. You may use it during price negotiation if the land doesn’t have active permits.
Without a building permit, the government has full right to demolish all buildings on site. You don’t have to worry about IMB; Ilot Property services cover everything, from land hunting to adding finishing touches to your villa.
Buying directly from a local landowner often means not having the exact land measurements. Most old land certificates do not include this information. You will have to invite land office officials, let them measure the land, and set the borders. It will also help determine if the land overlaps any neighbouring properties. Even a few meters overlap can cause severe risks for the transaction integrity.
Additionally, check access roads, water supply, and power grid. Sometimes property access lies on someone else’s land, and some roads are even owned privately or publicly by the town.
At Ilot Property, we have established a network of contacts at the government and village levels to ensure that any plot we source will be ready to build your dream home or investment property.
After signing the contract, the notary should lodge it at the land registry office to transfer the ownership title from the seller to you. When Ilot Property buys land for you, you have access to an entire legal team ready to customize an agreement for your needs.
The Ilot Property team is ready to provide any additional information to help you make your final decision on Bali investments. Want to see the exclusive turnkey villa layouts that we can build and manage on your land in Bali? Contact us for first-hand insights and selected land plots meeting your requirements.
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ILOT PROPERTY
We want to make your investment hassle-free therefore we take care of everything
For maximum efficiency, we provide our customers an on-site architect studio
A dedicated, specialized engineering team adapting proven new techniques to tropical constructions.
Property development is historically Ilot Property’s primary business.
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