It is very disheartening that a very large percentage of people have suffered disappointments when it comes to Land and Property Purchase. In my 3 years experience as a Business Developer and Real Estate Consultant, I realized the fears people have when it comes to purchasing land in Nigeria. I have compiled and compartmentalize all of these reasons into ten (10) so that it won't be voluminous, easy to read and shared to other people who need this information. Once these fears are treated, you can be confident to buy land anywhere in Nigeria from genuine sellers or Real Estate Companies.


THE TEN (10) REASONS NIGERIANS DO NOT BUY LAND IN NIGERIA

1.Land Grabbers: Also known as 'Omo Onile' in Nigeria have dealt notoriously with people that has caused many to loss faith in purchasing land from individuals or companies alike. Every form of investment has its own risk. But uncalculated risk leads to loss of investment. Many today whose interest is still in investing in Land have sort a better way which is buying from Genuine Real Estate Companies with proven track record and good recommendations.

2.Extortioners: They are not really land grabbers but those in the position of to grant licences. They ask for personal charges so the can process documents for the land owner. By virtue of their position, some extort people for personal gain.

3.Dishonest Agents: We have had so many cases where clients have entrusted there funds to agents to help them secure lands or properties and get nothing because the agent carted the funds away defrauding the clients. The Yoruba will say, 'The bad person had made the good person look bad'. It is an adage alright but must not be a mentality for those of us who are honest in the business. Integrity and transparency is the soul of a successful business. Dishonest agents have contributed largely to people not buying land in Nigeria.

4.Bogus Real Estate Prices: Many companies over promise and under deliver. They set value for properties that are not worth the price tags and push people to invest in it. Some customers might not see what they buy based on trust. There is in actual fact no estate that the price of the land or property they sell can't be pushed up once there is proof of the kind of development that will go into the Estate. But when the company now fails to deliver on the promise, they lose trust. Prices should be reasonable per locations and level of development going into it.

5.Complicated Processes: These can be very frustrating for those who value their time and have lots of work on their hands. When customers are pushed to and fro just because they want to purchase a land or property, it can makes them lose interest. Processes needs to be simplified to ease customers.

6.HiddenCharges/Levies: In my short experience of the business, people that have dealt with Real Estate Companies have a common language when they approach us, "Hope there are no hidden charges". Many have had experiences of buying a land and the company fails to inform them from the start that they will still pay for fees like documentation and developmental levy. These invariably disappoints the customers because they never factored the fees into the purchases. Some have forfeited the land and labeled others the same way creating a stereotype image for other Real Estate Companies.

7.Ignorance of Land Laws: As a Realtor, I take time to educate my prospects and clients on basic land laws that will help them have peace of mind. Ignorance of some of this things can discourage one from investing in Real Estate.

8.Past Experience: Coupling most of what I have wrote above, and some personal dealings with fraudulent agents, many have zeroed their minds on investing in Real Estate. To convince people in this category, you need valuable proofs as many don't want to lose their investment again in the business.

9.Government Policy: Similar to understand land laws, every state has it's policy of the kind of buildings that are allowed in specific areas. Violation of this can lead to lose. For people who feel the policies are to stringent, they don't invest in Real Estate.

10.Improper Valuation of Land: When a land is not properly valued, people lose interest immediately, there must be landmarks and a vivid proof of future plans for the areas customers wants to invest in. Improper valuation of lands and properties for sale make people not to invest in Land.

In conclusion, some of the points is not only applicable here in Nigeria but also other countries of the world.

For Information on purchasing legitimate lands and properties in Nigeria, Call or Whatsapp the numbers below. (Locations of Estates available in Nigeria: Lagos State (Ipaja, Lekki Ajah, Satellite town, Festac, Sangotedo, Ibeju-Lekki, ikorodu& Magbon), Ogun State (Sango Ifo (Ilogbo & Sojuolu) & Ewekoro), Kwara State (Ilorin; Asadam & Eyenkorin), Imo State (Owerri), Delta State (Asaba), Anambra State (Awka), Abuja State (Trademore & Gwagwalada))

+234(0)8140584363
+234(0)8172715514

Thank you for reading.