Are you confused?
Calm down, let’s explain.

In our previous posts, we explained what land titles are.
Did you miss that post on our blog?

Click here to read https://florahomesgc.com/post?show=know-your-property-title

Now, we say there are moments when a good title is a bad buy and we'll discuss one of such cases today.

CASE 1
""When the developer company or an individual buyer wants to buy from the claimed "Omo-Onile Family land” and the title is Allocation, it’s time to bounce out of the deal.""

""When someone is selling an "Allocation" to you and you ask for his/her root of title then you get a reply like "the person I got it from bought it from the Baale of that community"... R.U.N.""

Are properties with such a title as "allocation" considered to be a good buy?
Yes and No.

YES under the following conditions:

1) If you're buying from the original government allottee or the root of title is traceable back to the original allottee.

2) If the land use on the allocation letter tallies with your intending use. Agric allocation is different from industrial, residential is different from commercial, be guided.

3) If all the documents necessary to get the C of O for the said property are tidy.

4) You have a way to authenticate the actual allottee.

5) You correlate the site coordinates with the documents of the property.

6) You're not buying it from the "Omo-Onile" and neither is the seller's root of title traced to them.

As for the NO part, if you notice anything contrary to what is stated above and more.

The message should be clear now. Or do you have a question or lots of questions?
Spill them in the comment section and tag 5 people that should benefit from this.

Do you need help to get your interest property verified or do you need us to help you purchase your next property?

Oh yes, we work across every state in Nigeria.

Drop a comment to begin.


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Media: @FloraHomesGC
https://FloraHomesGC.com/verification.php
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FloraHomes Global Consult Limited.
Property Verification and Real Estate Investment Company.
Km 50, Lekki-Epe Express, Ibeju-Lekki Lagos.
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