Reasons to Buy Land from A Real Estate Development Company as against Buying from Omonile.

The high increase of land scams these days is at an alarming rate, reason been that most unsuspecting potential land buyers and property investors do not have the technical know how on how they can spot genuine real estate deals especially when buying from omonile.

However, you can minimize the risk of loosing your hard earned money to land scam agents and omoniles who offer most at times what they do not have by buying from a trusted real estate development company. (Note the word, Trusted).

REASONS
1. YOUR PROPERTY INVESTMENT IS SAFE
Buying from a reputable and trusted real estate company shows that your investment is safe as against buying from an omonile because, most times most of them sell lands they do not have claims to. A real estate company does all necessary due diligence before procuring the land they want to develop to estate scheme from the indigenous land owners and must have certified that the land in question is free from all Government encumbrances.
When you buy from an omonile, you are treading a thin line between loosing all your money and true ownership of the land because most times, omonile transactions always have one issue or the other such as land disputes between the family members/communities, reselling of another person's land and selling of government committed land without proper approval from government agencies.

2. PROPER DOCUMENTATION OF YOUR LAND.
A real estate development company would ensure that all paper work in respect of their estate schemes are genuine and properly documented. When you deal with a reputable company and not just any scam agent, you are sure of getting a land with proper and complete documentations. From the letter of allocation, to deed of assignment, receipt of purchase, survey plan, certificate of occupancy, etc.
Also, buying land in an estate scheme from a real estate developer saves you the stress of running to the land bureau for perfection of your land documentation, unlike buying from an omonile. Omonile doesn't care about perfection of title, all they care about is how to sell their land and make money.

3. WELL DESIGNED LAYOUT AND INFRASTRUCTURE
Estate schemes are properly structured in a well designed layout and pattern that can give your house is the proper fitting and beauty it deserves.
Estate schemes have proposed amenities and infrastructures that would make the estate habitable so you don't have to run around looking for blocks to build your fence, provide electricity, roads and drainage.

4. ROOM FOR INSTALLMENT PLAN
Real estate development companies makes the process of property acquisition seamless and affordable with the provision of flexible installment plans for its subscribers who cannot afford to pay the full sum at a go.
With some real estate companies, you can do 6-12months while some others give you the privilege of paying more than one year. This is unlike dealing with omonile where you are obliged to pay outrightly. Although buying land from omonile can be cheap but the trouble you face after full payment of the land can be unquantifiable.

5. PROPERTY INVESTMENT PLAN IS ACHIEVABLE.
Real estate companies gives you the advantage of buying plots in their serviced scheme for investment purposes in as much as you comply with the developers estate guidelines. You can decide to buy now, wait for it to appreciate significantly in price and then resell later in the future.
With omonile land, it is compulsory and mandatory for you to start securing your plot immediately you make payment to avoid stories of loosing your land.

6. PROVISION OF SECURE AND CONDUCIVE NEIGHBORHOOD
Estate scheme lands are usually in an enclosed, gated and secure neighborhood ideal for good family upbringing and comfortable living as it provides you the opportunity of living with people of like minds.

7. ESTATE SCHEME LAND RECORDS GOOD RETURN ON INVESTMENT.
Timely development of estate schemes and the provision of other infrastructures tend to bring about fast appreciation in value of the land compared to when you buy from omonile.
Another thing is , because the developer of estate schemes are out to make profit, they position their estates in fast developing locations for quick returns on investments.

In conclusion, in your best interest and also to avoid unpalatable stories that touch the heart with property purchase, I will advise you as the investor to buy land in an estate from genuine and reputable real estate companies. By so doing, your investment and interest is 100% safe and free from any encumbrances.

Talk to us today to help you get started.

You can send in your questions and experiences on land transactions with either real estate companies or omonile, let's share in your experience.