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Nairaland Forum / Nairaland / General / Properties / Pitfalls To Avoid When Buying Land (21745 Views)
Documents To Ask For When Buying Land Anywhere In Nigeria / 8 Factors To Consider Before Buying Land To Build Your Home / The 10 Commandments Of Buying Land In Nigeria (2) (3) (4)
Pitfalls To Avoid When Buying Land by lalasticlala(m): 12:24am On Apr 21, 2015 |
Land is the basis of real estate investment and buying, keeping and selling vacant land is one of the most profitable investments that you can make. If your location is right and you buy at the right price getting a hundred per cent return on your investment within five to seven years is not unusual. However, there are pitfalls to avoid and challenges that you may face in your bid to make profit through this investment medium. http://www.punchng.com/business/am-business/pitfalls-to-avoid-when-buying-land/ 20 Likes 8 Shares |
Re: Pitfalls To Avoid When Buying Land by Nobody: 12:26am On Apr 21, 2015 |
This land is not for sale Beware of 419...... 4 Likes 1 Share |
Re: Pitfalls To Avoid When Buying Land by alberto2k(m): 1:13am On Apr 21, 2015 |
**Beware of Omo onile and Some Oshodi, Surulere and Ojuelegba thugs They'll tell u its their Grandfather land passed down to them through inheritance,mtscheww! WASH of LIFE Them go even show u brown colored papers say "ah baba eleyi ti pee ju Badagry o, Orgi ni oo" (this is papers is Old and Orijinal) **my 2wraps** 1 Like 2 Shares |
Re: Pitfalls To Avoid When Buying Land by MUMINATED(m): 2:39am On Apr 21, 2015 |
Using dis medium to make my shoutout 2 the nairaland association spacebookers ,vry soon we shall all buy our original land 7 Likes |
Re: Pitfalls To Avoid When Buying Land by mrpackager(m): 2:53am On Apr 21, 2015 |
. I KNW IT WIL MK FP |
Re: Pitfalls To Avoid When Buying Land by Nobody: 3:00am On Apr 21, 2015 |
Someone close to me bought a piece a land and a few years down the line he doesn't even know where it is anymore. Development came and the landscape totally changed. I blame him for not visiting the place frequently. 3 Likes |
Re: Pitfalls To Avoid When Buying Land by write2obi(m): 7:31am On Apr 21, 2015 |
chipmunkey:please can you help me slap " someone close to you" he is a big olodo 10 Likes 1 Share |
Re: Pitfalls To Avoid When Buying Land by write2obi(m): 7:37am On Apr 21, 2015 |
The real problem is that people don't even know, what and what document they should collect when they buy a land, land purchase is not something anyone should jump into without due consultations. Here in anambra the trick is to start building immediately you buy the land, the worst case scenario is that you will be asked to pay more money if anything foes wrong, My brother- inlaw bought 2 plot of land in oba some 6 years ago, the man that owns the land resides in the US so the transaction was between my inlaw and the land agent. He(my inlaw) fenced the lands. January two year ago when he started moulding blocks for his house, he was confronted buy a man who claims to be the true owner of the land. It turned out that the agent thou he was authorised to sell the land, only paid half of the money my inlaw gave him to the owner ( claiming he had family issues at that time and had to use part of the money, that he was planning to balance the rest when sorts him self out) . Then he was given time to bring out the rest of the money which he failed to do, it got to a point the owner of the land said that even if the man brings out the money, that he is no longer willing to sell at the old price, at this time lands at the said area was now selling like hot cake. The owner was demanding for another 2 million naira , my inlaw out of desperation was willing to pay but the dealbreaker was that my inlaw was also asked to pay the money the dubious agent ate. So at the end he lost the land, 6 years of investment, and part of his money (the owner of the land was kind enough to refund the money the agent gave him) 4 Likes |
Re: Pitfalls To Avoid When Buying Land by infobiz9ja(m): 7:46am On Apr 21, 2015 |
Lalasticlala has turned Omonile Lawyer over night ... #Itsallowed |
Re: Pitfalls To Avoid When Buying Land by MrMcJay(m): 7:59am On Apr 21, 2015 |
What if the land bought is OK from the family and after paying, you discover that the land is under government acquisition? Or the C of O you think you are buying is fake? Or the land belongs to someone else somewhere who knows you have bought his land, but is waiting for you to nearly finish roofing your duplex before he slams you with a Court injunction which signals another 30 years in Court? Buying land requires financial, legal, technical, emotional, psychological input as well as street-smartness. The problem arises when one factor is absent or misapplied. 1 Like 1 Share |
Re: Pitfalls To Avoid When Buying Land by paulolee(m): 9:13am On Apr 21, 2015 |
noted.... Tanks o.p for dis post coz m planning on dealing on land tinz dis year... woke up dis morning very angry coz robbers invaded my condo last night, I wasn't scared wen I was informed early dis morning coz d security is always very tight nT until I realized dt d robbers made away wt some petty valuables n d painful part was dt deY stole my new Olympic sized swimming pool..... #painedbro# 1 Like |
Re: Pitfalls To Avoid When Buying Land by bastien: 9:14am On Apr 21, 2015 |
No do mistake buy land for omonile hand.......them fit sell person land (military man) give u Na so dem sell naval officer land give army officer........ no be small thing happen oh 1 Like |
Re: Pitfalls To Avoid When Buying Land by 1stola: 9:14am On Apr 21, 2015 |
sai BuhAri |
Re: Pitfalls To Avoid When Buying Land by Texcoco(m): 9:15am On Apr 21, 2015 |
Abuja has one the most sophisticated yet simplistic method of acquiring Land....10H,20H??...No problem. |
Re: Pitfalls To Avoid When Buying Land by efilefun(m): 9:15am On Apr 21, 2015 |
ok |
Re: Pitfalls To Avoid When Buying Land by Maczeelly(m): 9:16am On Apr 21, 2015 |
Noted...... |
Re: Pitfalls To Avoid When Buying Land by chynie: 9:17am On Apr 21, 2015 |
... |
Re: Pitfalls To Avoid When Buying Land by Nobody: 9:17am On Apr 21, 2015 |
THIS SPACE IS NOT FOR SALE THE DOG IS OKAY BUT BEWARE OF THE OWNER!!! 1 Like |
Re: Pitfalls To Avoid When Buying Land by Nobody: 9:17am On Apr 21, 2015 |
I was taught about this in school na. Nice work sha op |
Re: Pitfalls To Avoid When Buying Land by UMOSCO: 9:20am On Apr 21, 2015 |
CAVEAT EMPTOR |
Re: Pitfalls To Avoid When Buying Land by ifeoluwasegun(m): 9:20am On Apr 21, 2015 |
#Noted! |
Re: Pitfalls To Avoid When Buying Land by Nobody: 9:21am On Apr 21, 2015 |
Noted Yay i made fp d 1st tym, jst opend nairaland dis month 1 Like |
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