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How To Avoid Real Estate Scams In Lagos - Investment - Nairaland

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How To Avoid Real Estate Scams In Lagos by Propertydad2(m): 12:51am On Mar 11, 2023
Real estate scams are unfortunately common in Lagos, Nigeria, and it's important for prospective buyers and renters to be aware of the signs and take precautions to avoid falling victim to scams. In this post, we will explore some tips and strategies to help you avoid real estate scams in Lagos.

1. Work with a reputable real estate agent
One of the best ways to avoid real estate scams is to work with a reputable real estate agent. A good agent will have a thorough understanding of the local real estate market and can help you identify legitimate properties. Look for an agent who is licensed and registered with the relevant authorities, and who has a good reputation in the industry.

2. Be wary of deals that seem too good to be true
If a deal seems too good to be true, it probably is. Be wary of properties that are being offered at a significantly lower price than comparable properties in the area, or properties that are advertised as having exceptional features or amenities. Scammers often use these tactics to lure in unsuspecting buyers or renters.

3. Verify property ownership
Before making any payments or signing any contracts, it's important to verify that the person or company claiming to own the property actually does. You can do this by checking the Lagos State Land Registry or the Federal Land Registry to see if the property is listed under the name of the seller or landlord. You can also ask for proof of ownership, such as a land title document or deed of assignment.

4. Inspect the property in person
Always inspect the property in person before making any payments or signing any contracts. This will help you to verify that the property exists and that it meets your requirements. If you are unable to visit the property in person, consider using virtual tours or video calls to get a better sense of the property.


5. Get everything in writing
Make sure that all agreements, contracts, and payments are documented in writing. This will help to protect you in case of any disputes or misunderstandings. Make sure that you read all documents carefully before signing them, and don't be afraid to ask for clarification or seek legal advice if needed.

In conclusion, real estate scams are unfortunately common in Lagos, but there are steps that you can take to protect yourself. By working with a reputable real estate agent, being wary of deals that seem too good to be true, verifying property ownership, inspecting the property in person, not paying in advance, and getting everything in writing, you can help to avoid real estate scams and make a safe and informed property purchase or rental.

Mods Front page please
Re: How To Avoid Real Estate Scams In Lagos by Prechgold1180(m): 12:56am On Mar 11, 2023
Mods don sleep

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