HOW TO AVOID LAND FRAUD IN LAGOS IN PARTICULAR

Everybody wants land at least to build or farm. Land itself doesn’t depreciate in value. It keeps appreciating as development happens to it.

A lot of people have fell victim of land fraud particularly in Lagos. Though, this is largely because the person involved is also greedy.

1. When the land is Relatively Cheap: - Before you buy a particular landed property, it is very IMPORTANT you know how much land is sold in that location.

TWO THINGS determine the price of land (a) Title Document and (b) Location

Any land selling in Lagos with Certificate of Occupancy (CofO) less than N10million is likely to be a fraud. Do you know why? Processing a CofO in Lagos will cost approximately N3million (All inclusive). So when someone is selling a plot of land with CofO in Lagos to you at a ridiculous price, you need to ask the question, “Why is this land so cheap?” it is a red flag that you are likely to be scammed.

2. Distress Sale in a Developed Location that is still cheap: - For example when someone is offering you a plot of land in Ikeja GRA for N50million at a distress sale you should know that you’re about to be scammed. There’s what we called ‘Property Valuation’. Every location in Lagos has its own valuation. Even if you’re not privy to this, your instinct should tell you that obviously something is wrong unless you are very greedy. Do you know that Lagos’ land is the most expensive in the world? Researched shown that Banana Island, Ikoyi is the most expensive. So when someone is offering you a plot of Land in Banana Island for N100million you should know you’re about to be scammed.

3. When Omonile is Selling the Land to you: I will never advise you to buy land from Omonile unless you know your onions. Buying from credible developer is preferable. And this is where I come in. Buying from omonile you should be worrying what number are you because omonile can sell one plot of land to more than four people. Who do you want to hold when the person that sold to you has disappeared?

4. Engage a professional like me (LandPro) - To avoid the story that touches the heart, you need to engage the service of someone that can help you mitigate the risk and prescribe the best property to you.

You can ring me up on 08143184741 or shot me an email: landproglobalinvestments@gmail.com and I will be glad to help you get genuine and affordable land in Lagos.

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