|Posted on 12 July, 2017 at 7:50|
As enumerated by Barrister Matthew:
10 commandments of Buying A Land in Nigeria.
Thou shalt have a budget.
Thou shalt carry out a proper land/property verification both legal and social.
Thou shalt always involve professionals in Property matters
Thou shalt not buy any property through pictures alone
Thou shalt not buy property that smells of trouble
DO NOT PAY ANY PROPERTY TRANSACTION IN CASH
THOU SHALT not listen to the seller's opinion only
Thou shalt put all property transactions in writing including payment.
TAKE PHYSICAL POSSESSION OF THE PROPERTY BOUGHT IMMEDIATELY.
In Real Estate Business Your money is your power, once you have paid someone for a particular property in a country like Nigeria believe me you have transferred your power to him. Hence, do not buy any landed property without performing a Land Check on the Owner, the Land and the Documents the Seller possesses. There are so many things to cross-reference at this stage that is why you must take your time and be patient because it is your money that is at stake not the seller or Agent’s money. If you fail to take this step, then you would be left alone to wallow in your own self-pity and misery because the seller would be long gone with your money.
Even a distress sale, there might be grumblings from sellers or agents to weigh you down or push you to do something in a rush such as “ The owner is having problems and that is why is selling at this price, or A lot of people are rushing this land and if you don’t pay now, the land may be gone” etc. Don’t listen to them. The land was there before you showed interest in acquiring it and it would still be there after you do your search. Some sellers and agents are just eager to line up their pockets with your money so they throw you that line to you to scare you.
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Address: 10 Ladoke Akintola Avenue Off Aare
Adjacent J-RAPHA Hospital New Bodija Ibadan.
20, Oshobu Street,
Tabon Tabon Orile
Agege Road, Lagos
Phone: +234 (0) 908 481 6506, 703 316 3510
Email: [email protected]