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Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year - Properties (46) - Nairaland

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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Marcdon10(m): 12:58pm On Dec 03, 2017
Five Reasons Investing In Real Estate Is Better Than Saving In The Bank..

Dear Reader

Some feel that saving money in the bank is a good strategy to building wealth. Though, it is very good to save, it is not a good wealth building strategy. The gains of real estate investment far outweigh that of saving in the bank for the following reasons:

1. *Currency always diminish in value while real estate appreciates:*

The purchasing power of money continually diminishes. The things One million naira could buy five years ago are not the same things it can buy today. However, real estate always appreciates. If you buy a plot of land in a good location, take effective possession and perfect necessary
documentation today, in five years’ time, you can sell it for up to 10× or more of the price you bought it.

2. *Return on savings is infinitesimal while returns on real estate investments are huge:*

When you save your money in the bank or do a fixed deposit, your returns on investment are usually single digit per annum. Conversely, based on the rate of development in the area you purchase your landed property or building, the return on investment are often huge. If you buy a house for example and let it out to tenants, between a decade to two, you will have recovered your investment and you will continue to make profit for the rest of your life.

3. *Your money in the bank simply makes the banker richer while your money in real estate makes you richer:*

If you save money in the bank, the money will be used by the bank to give
out loans and you will be paid an interest. The difference between the interest given by the customer who loans your money and the amount given to you is taken by the bank. Thus making the banker richer. On the other hand, when you invest in real estate, the difference between the price you bought the property and the price you are selling it is taken completely by you.
Thus making you richer.

4. *Expenses always arise to deplete your savings but your property is always there appreciating in value:*

When you have money saved in the bank, no matter how disciplined you are,
there will always be expenses that will arise to deplete the savings. When
you invest such funds into real estate, your cash is tied into an
investment that will be appreciating in value no matter how lose you are
with the remaining cash in your possession.

5. *None of the rich ascribe their success in gathering wealth to saving but most of them have impressive property portfolios (more than 90% of them):*

Of all the wealthy individuals in the world, I do not know of anyone whose wealth strategy was saving in the bank. However, a cursory look at the wealthiest individuals in the world, in Africa and even in Nigeria show that property investment is the preferred wealth building option.
Now you know, It's time to act..


For more information, please Call/Whatsapp Adeshina now on +2348125429017 or Call Adetutu on 08097178204
Or send us an email at Peacemindglobalrealestate@yahoo.com..
God Bless you..Sir/Ma
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by dezealdig: 2:33pm On Dec 08, 2017
Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire. smiley

For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers  who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.

Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.

Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners  when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.

The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.

They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.

Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.

Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Ademidd(f): 10:20pm On Dec 10, 2017
W?ho knows if Zion garden at Simawa is genuine
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Treash(m): 6:47am On Dec 15, 2017
W?ho know if Zion garden at Simawa is genuine

Pls contact me, 08068088866
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Treash(m): 8:59am On Dec 18, 2017
If u are planning buying a landed property, kindly ensure you carry out concrete investigation or contact Adeolu Aderinto Solicitors to commence inquiries and search before u pay. Most lands are presently subject of dispute in court and parties are in bid to auction same for sale to innocent prospective buyers. We are ready to assist you. Its better you spend lesser price for search than throwing millions into dungs. Thank You.
08068088866 or 09090803205.

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