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Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year - Properties (10) - Nairaland

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LAND/PROPERTY VERIFICATION & Titles.....the Must Do For Every Property Buyer / Real Estate Topic Library (Must Read Before You Buy Any Land Or Property) / From Lawyer: Before You Buy ANY Land ,Property And Mortgage Read This! (2) (3) (4)

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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by alabijohn: 12:11pm On Mar 09, 2015
The Law, please i need a guide.
I purchased a plot of land in one village in Ibadan, i've done the land agreement with my lawyer (a friend), how do i perfect my document? yes i need to start with the land survey and the rest but could you please state detail and forward to my email or you send it here if you so wish, thank you sir. Email:johnalabi01@yahoo.com

I want to know where to go (be it LG or state secretariat) i want to do all necessary documents because i'm no longer trusitng my agent together with the land seller, even the agent is a family friend but i do not want to take 'anything' for granted please help bro.
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Nobody: 11:15pm On Mar 16, 2015
alabijohn:
The Law, please i need a guide.
I purchased a plot of land in one village in Ibadan, i've done the land agreement with my lawyer (a friend), how do i perfect my document? yes i need to start with the land survey and the rest but could you please state detail and forward to my email or you send it here if you so wish, thank you sir. Email:johnalabi01@yahoo.com

I want to know where to go (be it LG or state secretariat) i want to do all necessary documents because i'm no longer trusitng my agent together with the land seller, even the agent is a family friend but i do not want to take 'anything' for granted please help bro.


What's the name of the village?
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Fionasmom(f): 12:19pm On Mar 31, 2015
10
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by jaz(m): 8:03pm On Apr 06, 2015
always pays when you go straight to the point...
Fionasmom:
[b][b]Hello Everyone, I am new Here, I have a serious question, I am a young lady and my mom in Nigeria has been disturbing me to buy a land due to her paying large sum of money to rent, Anyways because i have the ideai that building a house is not peanuts, I have been rejecting the offer for so long, Anyways Lately she told me abt a land 400k about canaanland or so, I had the money at hand and sent it to her, spoke to another of my friend and she gave me half of the money to buy half plot for her, My question is, is it normal to get a temporary reciept, i know it does not make sense but i have some balance to pay for omo ni le fees and stuff which i havnt paid, my mom is suggesting i fence it around start a foundation, I do not have so much money to throw away as i am only doing this because she deserves better and if i could, i would get her the world, but i try to tell her that there are some documents needed and the guy or the mallam that sold the land told her to start building on it immediately as the oba said whoever did nothing to their own land should be sold again, i am planing of sending her the money to start something as my friend also sent my mom money to start fencing, My step dad is a Mopol and he told me he will handle it, i am just worried and concern because as much as i love my mom, if this money goes down the drain, it will affect our relationship big time because she wants things done so bad but i wanted investigation and more, i wasnt even told when she paid him.[/b][/b]
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by williams080: 9:34pm On Apr 06, 2015
Like how much are you selling a pierce of land in good developing area in Lekki epe or Ikorodu
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by jaz(m): 9:39pm On Apr 06, 2015
guys what do you think about buying land next to a dam ?. do you think its a future asset or liability?
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Fionasmom(f): 10:25am On Apr 07, 2015
Hello, is that a reply?
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by KolaShangOne(m): 7:23am On Apr 13, 2015
Hello Lawyer.

The plots shown to me at Omi in Ibadan do not have any documents apart from Family receipt. No survey plan and no deed of assignment.
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Antabod: 10:36am On Apr 13, 2015
SOMEBODY NEED TO BE REALLY CAREFUL IN DEALING WITH THEM.BECAUSE A LOT OF 419 PEOPLE ARE OUT THERE.
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Nobody: 10:35am On Apr 29, 2015
nil
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by lawyer(m): 3:47pm On Apr 30, 2015
Ok, let me start by saying you did well to take the time to put this together. As an executive assistance/marketer with a reputable property company, I can put it to you that you are probably not in this business.

Sorry to bust your bubble sir. I have been doing this for more than 10 years so i know the industry inside out.

My basis for that assumption is that you should know that most of the documents you mentioned above are strictly confidential.

No document is confidential as it regards sale of land. The basic documents that must be shown to any propspective buyer is the reciept you used to purchase the land that shows you validly own the property to sell, the deed of assignment conveying title to the company selling the land and the Survey plan describing the Land the company bought. Anything less shown to a prospective buyer is fraudulent and deceptive to any prospective buyer.

I don't know how these mushroom's property companies operates. But where i work, you wouldn't bother to ask for such and such when you see what we have on ground.

What ever you have on the ground does not equate with the paper work you need to show me that validates ownership of the property you intend to sell to another. You can build 17 bedroom flats on it and design it with Gold for all i care but i am only interested in your title documents because its the title documents that would determine whether i am buying from the right source or not and if i am violating any Government rule in case i buy your lands.

It is hilarious to think of showing these documents to every body that works into my office to make inquiries.

That's a very sad statement to make. Why are you hoarding the documents that would determine a prospective buyers choice whether he should buy it or not? And whats so funny to you that you cant show these documents to everyone who shows interest to buy your lands? How do you determine who is serious and who is not? Is it after they have paid that you would show them the documents? What if your papers are not complete and you tell me its under processing, do you think a prospective buyer would take it lightly or trust you?

I have not even seen some of them myself

Then your not adequately qualified to market your company's product more especially if someone like me is contracted to investigate your properties and i meet you. What if i don't meet your legal secretary or M.D? How would you adequately answer all my legal questions concerning ownership and title if you yourself have not seen some of them? Bro you just lost a customer with your last answer.

There are several other ways of knowing the status of a property before purchasing it.

Such as? undecided There is no other way apart from you showing me the documents your company possesses that gives you the authority to sell.

And I think you should be overly concerned with some of these documents when you dealing with individuals and not organisations.

That's not true. Companies owe a greater degree of responsibility to Buyers than Individuals because if the company defaults, the buyer has very little recourse to recover his money due to the rules of Bankruptcy, Company Liquidation and payment of damages. Dealing with an individual provides more stability because you know who is selling directly coupled with the immediate risk.


You expect Dantata & Sawoe or Cahaah Nig Ltd (where I work) to show you their survey plans and Government consent because of one three-bedroom you may end up not purchasing. hahahaha

Yes i do and i would advise people not to patronize your company until you are ready to open up your books and show them your documents conferring title and ownership to you that you intend to transfer to me. A defective title would not cure any problems i might have concerning that land in future and its best for every buyer to investigate it before purchase.

Finally its your right to show a future buyer all documents irrespective of whether they are buying now or not. Thats what is known as due diligence and that person who isn't interested in buying now, may recommend someone else to you tomorrow. Don't be too cocky to underestimate people.

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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by EZEIGBO1OFIMO: 3:48pm On May 03, 2015
lawyer, do you perform investigations outside lagos

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