Buying land is one of the very best investment a person can make during the course of his/her lifetime. And do you know the reason for this? It is pretty simple: land is a piece of investment that can never depreciate; instead, the value keeps on appreciating over the years. Then you can decide to develop the land in question, or you can sell it, or lease it out for agricultural purposes…the list is basically endless about what you can do with the land you buy. You can develop the land for residential and/or commercial purposes and still be pocketing a lot of money from it.

[b]Question asked: [/b]the price of land is quite exorbitant currently particularly taking into consideration the current harsh economic situation in Nigeria. That is true, but there are still ways around this; you can purchase land under estate developer schemes that offer payment plans ranging from outright one-off purchase to thirty-six months payment plan.

[b]Options available: [/b]as a prospective buyer, there are certain options you can easily look into particularly if you do not have the bulk millions with which to purchase land with. This will depend on the person(s) selling the land to you:
Estate Agent/Developer
Family owners
Beneficial owner of land

From the above, the best option to buy land if you do not have the full wherewithal to purchase land should be from an estate developer. The reason is simply because of the fact that they_most often than not_have plans for prospective land buyers to choose from, with varied payment plans and options you can explore depending on the nature of the package you are choosing from.

[b]Further issues to consider: [/b]a prospective purchaser should also consider the location where he or she is trying to purchase land from. If it is an area that is highly developed_say, for example, Lekki_then the price of land might be too exorbitant such that the buyer may not be able to afford same. If it is an area with less development, or still upcoming, then the land will be most definitely cheaper per plot or square feet.

[b]Advantage of buying in a less highbrow area: [/b]if you purchase land in an area where there is less development, then you stand the chance of leaving the land bare and undeveloped, only to sell same in the future after things start looking up for you and the value of the property appreciates.

[b]Documents to note when trying to buy land: [/b]there are certain documents every prospective land buyer should be aware of when trying to
purchase a piece of real estate or undeveloped property. These documents are as follows:

1.Certificate of Occupancy
2.Deed of Assignment/Conveyance
3.Receipt of land purchase
4.Authentic approved survey plan
5.Approved layout
6.Power of Attorney (particularly where you are trying to purchase family land which has an unregistered title in a rural area)

However, to be on the safe path, please try to consult your lawyer before you fork over your savings to a land vendor, only for it to turn out that the vendor is selling family or communal land without first seeking and obtaining the consent of the principal members of the family or the community as the case may be. Like the saying goes among those in the legal profession: pay the lawyer before the transaction and pay less, or pay him after the transaction and then end up paying more.

It is always advised to hand over the land transaction to a property lawyer to handle same for you before you make an irreparable blunder and end up losing your money or getting embroiled in a court case that can last for years. In the end, you end up losing your money, more than you bargained for.

[b]Buy land/property in Lagos: [/b]for those that are interested in purchasing real estate in Lagos, then you can please see attached dossier for all available land along the Lekki-Ajah peninsula, being handled by Pazino Engineering and Construction Company LTD., a trusted real estate developer that has a myriad of land and payment plans to handle for interested parties.

[b]Final Note: [/b]be careful when trying to purchase land as there are a lot of unscrupulous individuals out there waiting to rip off unsuspecting individuals for their money. Kindly contact your lawyer, or any lawyer for that matter before going into a land deal. You can also use trusted real estate developers.

Thank you.

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