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Basic Information You Should Have Before Buying A Land - Properties (2) - Nairaland

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The Basics Of Land Contract Of Sales you need to know before Buying a Land / 8 Factors To Consider Before Buying Land To Build Your Home / Things You Should Know Before Buying That Casement Windows (2) (3) (4)

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Re: Basic Information You Should Have Before Buying A Land by Sidewapcom(m): 8:50am On Sep 22, 2016
Nice One
Re: Basic Information You Should Have Before Buying A Land by younglawya(m): 9:03am On Sep 22, 2016
Good. If you need expert advice on land issues. Call barr mark on 07037836881
Re: Basic Information You Should Have Before Buying A Land by Emeka71(m): 9:12am On Sep 22, 2016
Great information.
Re: Basic Information You Should Have Before Buying A Land by dammyagboola(m): 11:18am On Sep 22, 2016
Good writeup, thanks.
Re: Basic Information You Should Have Before Buying A Land by proeast(m): 11:59am On Sep 22, 2016
nony43:
Nice piece, Op you forgot to mention that we have to settle the omo ni le's or Ndi nwe Ala
Thats if you are buying land in Lagos or its environ, here in Owerri, the only extra money you pay is ego omenala (usually 50k) and its paid to the owner of the land, which is for traditional rites.
Re: Basic Information You Should Have Before Buying A Land by shellman: 12:06pm On Sep 22, 2016
BE811APP:
Nice Information..

I once did all you mentioned.. Everything seemed good at the local govt,State govt et al..

After paying.. I didnt know there was a leaders tussle among the chiefs angry

The aggrieved man that wasnt giving the king.. causes problems with his little thugs even after the present king defeated him in High and supreme courts...lol

No. 2 should be done thoroughly not just with the authorities but with the locals and peasant around!!!
You have passed through the correct route&you are still having problems? You can see the hypocrisy, weakness &corruption of our law enforcement &judicial system in losing their integrity to defend law abiding citizens! Why can't the statutory authority that gave the approval to he purchase come to the defence of the buyer instead of subjecting you to the whims &caprices of principality?

1 Like

Re: Basic Information You Should Have Before Buying A Land by GleeBalogun: 12:13pm On Sep 22, 2016
A 4-bedroom duplex built on a half plot of land @ Egan, igando. Lagos. Only needs roofing and finishing + Free land space at the back. Going off for 8M(Negotiable). For more info; call
Re: Basic Information You Should Have Before Buying A Land by GleeBalogun: 12:14pm On Sep 22, 2016
A 4-bedroom duplex built on a half plot of land @ Egan, igando. Lagos. Only needs roofing and finishing + Free land space at the back. Going off for 8M(Negotiable). For more info; call
Re: Basic Information You Should Have Before Buying A Land by GleeBalogun: 12:15pm On Sep 22, 2016
A 4-bedroom duplex built on a half plot of land @ Egan, igando. Lagos. Only needs roofing and finishing + Free land space at the back. Going off for 8M(Negotiable). For more info; call 07035519259
Re: Basic Information You Should Have Before Buying A Land by DorisK(f): 1:31pm On Sep 22, 2016
BE811APP:
Nice Information..

I once did all you mentioned.. Everything seemed good at the local govt,State govt et al..

After paying.. I didnt know there was a leaders tussle among the chiefs angry

The aggrieved man that wasnt giving the king.. causes problems with his little thugs even after the present king defeated him in High and supreme courts...lol

No. 2 should be done thoroughly not just with the authorities but with the locals and peasant around!!!

That's very true. buh hope u have rectified it?
Re: Basic Information You Should Have Before Buying A Land by sammily(m): 3:01pm On Sep 22, 2016
NixandaCEO:
Shelter is a basic neccessity of life and most individuals. want to own their private homes, which has made omo-oniles and land speculators to trick them at the expense of their hard earned money.
Land is measured in Hectares,Acres,Metres and Feet in Nigeria. These measurements differs.
A standard plot can be described as a marked out piece of land used for building and framing. The size of a plot differs, we have 100 x50feet, 100 x 100ft and 120 x 60feet.
An Hectare is a metric unit which prospective buyers and even estate developers tends to get and its measurements is 100m x 100m(328ft x 328 ft)
An acre is a unit of measurement for land sellers which gives 4,046sqm or 43,560sqft.
There are many hidden secrets when purchasing a land, i will talk about them.
They are as listed below:

1.The Land Location
The land location has a long way to play in helping you to plan. It will also help the buyer to have a cost in mind and this will also determine the minimum size or lot needed for the building. The choice of location will determine what is important to the buyer depending on his status. A land buyer will want to get the best value for his money and also the best return on investment. You also have to consider the potential growth in investment in that area.
Developed lands are properties that have basic amenities like roads and buildings close to them while underdeveloped lands are properties that do not have these amenities. Note that the cost of developing an underdeveloped property is higher than the cost of the former. Your priorities and budget determines your land type.
Choose your land location wisely.

2.Make Proper Research
Land purchase in a hurry must be avoided. Land visits and investigation must be done before investing your hard earned money.
The following quesions will help you.
a. Who is the owner of the land?
b. Who is selling the land?
c. Whose name appears in the documents? Is the current or previous owner?
d. What are the current liabilities on the land?
To avoid losing your hard earned money get a professional and buy only when you are fully satisfied with the documentation and other things. Make sure you conduct a "search" on the land. "Search" is a process where you verify from the state government if the land in question is within government acquired land or not or whether there are any pending litigation or other issues on the property.

3. Make Payment and Get the Right Documents
Pay the amount of the land to the landowner and collect the
a. Puchase Receipt
b. The Contract of Sales
c. The building plan if available
d. Originals of other relevant documents in possesion of the previous owner.

4. Get your Certificate of Occupancy(c of o)
Land is cheaper in rural areas compared to urban areas and appreciates overtime. Whenever you buy land from the original landowners you can later apply for a c of o from the state government to make it official and later get a Governor's consent for it which is the best.

5. Get a Land within Your Budget
After carrying out all the necessary investigations propespective land buyers should have adequate money to pay cash for the land, because loans are not easy to get and may multiply the things in the process of land purchase.
Even if the land owner will take installmental payment the land will be more expensive and may consume time and energy, why not save reasonable amount and get your own land.

6. Costs of Building
When the type of land to be purchased has been known, and all necessary investigations done, next you have to consider the cost of developing it because the ability to determine the amount needed to develop the land will determine if you will invest in it or not.
It is advisable to buy a piece of land that you can develop rather than investing in one which you may find difficult to
build on.

Always consult a BUILDER in this case.
Happy land purchase.

Nice info.
Re: Basic Information You Should Have Before Buying A Land by edubaba(m): 5:18pm On Sep 22, 2016
Do you need a Genuine plots of Land to Buy in Delta and Awka region for Business,School,Hotel,Hospital,Farming with valid documents, visit www.mioconstructionltd.com or call Surveyor Stanley on 08065900401. The price ranges from 250k,300k,700k etc.

Inspection fee: Free

Re: Basic Information You Should Have Before Buying A Land by Homeyfav: 9:00am On May 06, 2018

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