With the number of land scams that happen every day in Nigeria, most first time investors are always confused when it comes to who they should buy land from; the ‘Omo-oniles’ or real estate companies.



Though there may be few advantages of buying land from ‘Omo-oniles’, the advantages of buying from a real estate company are far more pronounced.



Dealing with an omo-onile requires some “special form of expertise” or involvement of land experts so that you don’t get swindled.



If you’ve been asking yourself this question, here are some advantages of buying land from a real estate company:



1.You Are Sure Of The Source

When you purchase land from a real estate company, you know who you are buying from. In the event of a land dispute which hardly ever happens, you know who to contact.

Also, if any problem arises, you also know who to hold responsible as most companies are registered.





2.You are Free from Omo-onile issues



When you buy land from a real estate company, you are free from the dreaded omo-oniles.



You have no business with them and you cannot get into their trouble.



You will be dealing with professionals who know how to deal with the omo-oniles and must have settled all their fees.







3.No unnecessary fees



When you buy land from an omo-onile, they don’t tell you about any additional fees until you pay for the land.



Then you start hearing of additional fees like signing fees, foundation fees, roofing fees etc.



In most cases you will keep paying some unnecessary fees until you get fed up.





With real estate companies, there are extra compulsory fees that all investors pay; after paying these fees, that’s all.







4.All documentations are done for you



With Real estate companies, you don’t have to contract a lawyer to prepare the necessary document for the land transaction.



The company does the documentation in your favour. The only document you should get yourself however, is a governor’s consent (link).







5.You are sure the environment will be planned.



Real estate companies indicate the kind of buildings they allow within their estates. So you are sure you are going to live in an area that has been pre-planned.





6.No agency fees



When you buy land from real estate companies, you don’t have to negotiate with agents or pay any agency fees.



If you were buying an omo-onile land, you may have to pay an extra percentage of the purchase price of the land as agent fees.





7.Your land cannot be stolen



When you buy an omo-onile land, even if you do everything right, buy from the right family and pay all the necessary fees, you still have to put some measures in place such as fencing your land, to prevent criminals and trespassers from stealing your land.





8.You can pay in instalments



Real estate companies offer flexible instalment payment plans to people who cannot afford to pay outright.



This could be helpful, provided you are dealing with a good company.



Bonus: “Never pay for an omo-onile land in instalments!”



You might just be entering a hole that you may never come out from.



They will keep increasing the cost of the land whenever you are close to completing the payment for the land and when you ask for a refund of your money, they will tell you to wait till they sell other lands; which may never happen.



9.Your land cannot be resold



When you buy from a real estate company, you can rest assured that your land can never be resold even if you pay in instalments.



You can’t be assured of this if you buy from an omo-onile.







10 . You won’t have to worry about surveying the land by yourself or worry about development such as drainage, roads, light etc.



The company handles all that.



You are however required to pay some fees for survey and development which is usually lower than what you’d pay if you did all that yourself.







That’s it!



Advantages of buying land from real estate companies.



Although all these are true, it is also true that there are “fraudulent” companies around.



There are also companies that are not actually fraudulent but are just after selling their lands without caring about the future of their clients.



It is pertinent to look at the heart of a company, its management and history before making buying decisions.





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