Purchasing a land on Nigeria is more than just buying a household equipment. There are processes you need to follow in order to properly acquire any land in Nigeria. It’s very crucial and important to understand the processes involved as they make you well informed about the in and out of your plans. In this article, we will Informe you about all that you need to know before acquiring a land and below are the steps.


Budget.
Budgeting is a crucial matter when acquiring a land. Before searching for a land, be sure about your budget. Your budget is tied to the decision of how much land you can purchase.
For example, with a budget of 3 million, you're very certain of how much you're willing and ready to spend in purchasing the land. You must have at the back of your mind that there are important things in your life that needs money. For instance, the fact that you're buying a land doesn't meant you will stop paying your house rent incase you live in a rented apartment. Buying a land in Nigeria doesn't shield you from other responsibilities that you're meant to carry.
Before you make any decision, make sure you have settled other important aspect of your life that needs your financial commitment.


Location.
The issue of location when purchasing a land is to be taken into consideration. The amount of a plot of land in Eko Atlantic is not the same as the land in Mowe. The former is much more expensive due to the unique character of the neighborhood.
Eko Atlantic has become one of the world's cutting edge new cities and it has gotten to an advanced state and stage of development. It's a big project on a very huge scale, put together by a team of international and local patners while mowe is one of the bodering towns in Ogun State. Location plays a very important part when purchasing a land. Getting land in some part of Nigeria is very difficult, especially in Lagos. Most times, you will have to buy the land alongside with the property that's is with it.
The more advanced that location is, the more expensive it will be to buy such land. For example, you can get a plot of land for 1 million in Ajah and the same plot can be sold in Ikoyi for 140 million.


Request For The Documents That Pertains to Land Owners.
Before you make deposit or payment for any land in whichever location in Nigeria, you must ask for the following documents:
* The deed of assignment.
* The survey plan.
* The tax clearance certificate.
* C of O- Certificate of Occupancy.

Don't make payment for any land if those important documents are not made available. Don't play with this and don't accept anything less because this is a way by which people exploit land buyers. So many people have been scammed and many have landed in court fighting and contesting over a land that has been paid but the process was not carried out properly.
Always insist on the documents stated above in order not to make yourself a very easy target for scam.

Verification of Land Ownership and Availability.
Requesting for ownership copy of the land is not enough, you must also verify the originality of all the documents provided. Requesting and having the document is not enough, verifying them is very important.
There's a chance of getting a good land in a good location and at the price you budgeted but please don't be carried away that you forget about those documents. Purchasing a land with a nice and good deal is very okay but you need to be very certain of what you're purchasing. Get verification experts who can help out in verifying those documents before you pay a dime. Land investigation is a lot more complicated and it is advisable to leave it to a certified personnel in this field.


Ask As Much Questions As You Want Before Taking Any Move.
After thorough verification of the documents, please be free to ask as much questions as you like. Ask questions like;
- Why do they want to sell the land?
- Is there any dispute or pending issues over the land?
You can also ask if the land was inherited and don't forget to check the answers from the documents that was provided. Make sure the dates are correct too.
It's also important to run a thorough check on the owner of the property, the land presented to you and the documents as well. Be careful in order not to be stuck with fake documents given to you in haste by fradulent sellers.


Make Yourself Available For The Proper Inspection of the Land.
Refrain from pushing the inspection and investigation of the land you want to buy to another person. Go by yourself, inspect the land, talk with the buyer and see how things are by yourself. Don't put the responsibility on someone else no matter how much you trust the person.
The only thing to this point is that, you can inspect the land with a real estate expert. You can trust a real estate professional to guide you. Despite the benefit of a real estate professional, you must make yourself available for the inspection of the land.

Documentation and Payment.
Be committed enough to document all the transaction that takes place between you and the seller. Every single detail of the deal should be documented.
Documenting every single detail is important for future reference and please ensure they are well documented in order to avoid disagreement and conflicts.

The Problem And Issue Of Omo Onile In Getting A Land.
There are other payment that you'll have to pay in addition to the amount of the land. It's well known in Nigeria that Omo Onile has become a popular part of acquiring a land. Omo Onile means child of the land owner. They are also called land grabbers.
You have to put them in your plan when buying the land and the reason is that they have diverse ways of making things difficult for you if you ignore them.
Never make any attempt to get a land from them. Please remember to get all your documents that proves that the land is your own including C of O.
To handle the issue of Omo Onile, the government has approved a 21-year jail sentence for whosoever is guilty of land grabbing. Incase you're confronted with the Omo Onile saga, gather all the documents and hand it over to the security agencies to take due actions

Extra Cost of Buying Land in Nigeria.
The fact that you bought a land for 10 million doesn't mean that you have paid all. There are other expenses that comes with building a house which include:
1. Legal Fees: Most times, it is usually 5% of what the land costs
2. Agency Fee: It's is the same with legal fees i.e 5% of what the land costs.
3. Survey Plan: The amount of a survey is between N150,000 and N300,000.
4. Signing Documents: It is only in Lagos that payment must be done in order to sign a document. In others states, it is not done.
5. Securing Your Documents: Before you can complete and perfect your documents like your C of O at the Land Registry, you are to pay a certain amount of money.

Troubled Land
I'm sure you must have come across certain land that had this popular inscription "Land Not For Sale." It's a good example of a troubled land. Such properties are not difficult to notice. It's advisable to stay away from such land.
Note: Avoid leaving your land bare. After purchasing the land, try erecting a fence around your property in order to shield it from land grabbers. You don't have to make the fence very high but make it visible to all that this land belongs to somebody.
You can even go extra mile by digging a well, visiting the place often and hiring a local guard to help you look and watch over the place pending the time you're ready to do something with the land.
Finally, as it has been said above, carry out proper investigation on the land. Make sure all your documents are correct and well documented. It's advisable to work with a trust worthy real estate agent as it saves you from issues and future conflict. Read More on https://landlordltd.com/?blog_post=rreal-estate-pre-foreclosure-investing