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How To Avoid Being Scam When Buying Land In Port Harcourt - Properties - Nairaland

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How Can I Avoid Being Scammed, I'm About To Buy A House / Preventive Measures When Buying Land In Nigeria. / After Buying Land, How Do I Build A House On It? (2) (3) (4)

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How To Avoid Being Scam When Buying Land In Port Harcourt by eventsandthings: 7:49am On Aug 21, 2017
Lot of people are in a hurry to own a landed property. but before you proceeds, here is a brief guide I used before purchasing any land in port harcourt that has helped me.

Carry Out a Proper Land
Verification Search:

Do not buy any land without
performing a Land Check on the Owner, the
Land and the Documents the Seller
possesses.

There are so many things to
cross reference at this stage that is why you
must take your time and be patient
because it is your money that is at stake
not the seller or Agent’s money. If you fail
to take this step, then you would be left
alone to wallow in your own self pity and
misery because the seller would be long
gone with your money.

Do not let the occasional grumblings from sellers or agents weigh you down or push you to do something rash such as “A lot of people are rushing this land and if you don’t pay now, the land may be gone” etc. Don’t listen to them. The land was there before you
decided to pay interest in acquiring it and
it would still be there after you do your
search.

Some sellers and agents are just
eager to line up their pockets with your
money so they throw you that line to you to
scare you. The reasons you must do the
search is because you must verify the
owner, how he got the land previously, why
he wants to sell, what is prompting him to
sell whether there is any dispute or
litigation and he wants to shift the burden
to you or he has bought a very bad land
and wants to dispose it quickly before the
problem manifests into something bigger
or he has wayward and unreliable
documents that do not confer title or
ownership to him, so he is looking for the
nearest fool or unsuspecting buyer to pass
that problem to.

Also you will have to
investigate the land to know whether it’s
genuinely a good land, a land that isn’t
under government acquisition or not, a
land that is not subject to any communal or
legal dispute, a land that doesn’t run afoul
of government regulations, etc.

And finally
investigating all the documents the owner
has and ought to have such as a Survey
plan, deed of assignment, contract of sale,
C of O, Governors Consent, Gazette, Letter
of Allocation, Receipts, Deed of Transfer,
Power of Attorney, etc. The check list is too
much but it must be done so that you are
satisfied 100% of the title.

This is the only
thing that will give you peace of mind and
you must contract a land verification expert
to do it to give you that extra comfort.


bluehedgerealtors.com/the-10-commandments-of-buying-land-in-nigeria/


Land for sale

There is a two plots. of land in a good location along mgbuoba road opposite. AIT for sale in port harcourt. for more detail call 09067347994.

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Re: How To Avoid Being Scam When Buying Land In Port Harcourt by SmellingAnus(m): 8:19am On Aug 21, 2017
Useful piece of information cool
Re: How To Avoid Being Scam When Buying Land In Port Harcourt by eventsandthings: 10:31am On Aug 21, 2017
hope this info will help someone stay safe from land scam deal
Re: How To Avoid Being Scam When Buying Land In Port Harcourt by benbertie: 4:20am On Oct 25, 2017
You need to know how to go about the process of buying and owning a Property in Nigeria. There are several Laws which govern and regulate the process. Hence, usually, it is time and capital intensive. On Property transactions, the legal maxim is apt: “Caveat Emptor” - Buyers Beware. It is not for a Seller to beware. A Buyer needs to exercise full caution and due diligence when buying a property.

This Guide on How to Buy Property [Land or House] in Nigeria makes a bold attempt to provide an in-depth insight on all an interested Buyer should know. Simply follow our prescribed step:
1. Identify the objectives.
2. Conduct a physical inspection of the property.
3. Hire professionals to conduct a property search.
4. Documentation and payments.
5. Take possession.
6. Processing of governors consent & registration of documents with the State Government.

Read the full Article https://www.nairaland.com/4136950/guide-how-buy-property-land#61743909

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