₦airaland Forum

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One of the most important moment of every successful transaction is that moment when ownership is transfered from the seller to buyer. Real estate transactions require tact and expertise to guarantee a fruitful execution and this is the basic reason it's usually advisable you involve a trusted real estate practitioner to help guide you thorough the process of acquiring a property from beginning to end.

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The common mistake most new and budding real estate investors make is that they usually assume that buying a property is the same as the conventional exchange of money for goods & services - IT IS NOT. Every property possesses its own unique talking point(s) and as a result, there's rarely a one-size-fits-all approach except cases involving Estate lands and buildings with the same land size and building structures run by one company or agency. In the process of trying to purchase a property, you must pay special attention and record what the seller is saying about their property, and also ask probing questions about anything "unusual" that piques your curiosity so as to extract necessary talking points which will come in handy during negotiation(s). The Deed of Assignment is usually prepared highlighting various agreements reached by both parties during and after negotiation so, never forget that as important as a Receipt is, you should never be satisfied that a successful transaction has taken place if that is the only document received from seller.

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So what is a Deed of Assignment and why is it absolutely necessary you request for it?

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A DEED OF ASSIGNMENT is a document containing the terms of agreement between the buyer and the seller of a Land or building concerning the ownership of the land or a building. It is a very important document because it shows evidence that the Seller has transferred all his rights, title, interest and ownership of the property to the Buyer. It clearly stipulates and itemizes any pending or existing issues that relates to the property (if any).


A genuine Deed of Assignment must contain the following: 




---- Full names of both parties (Buyer and seller)




---- A column for date (which should initially be left blank because if you don’t stamp it within 60 days of stated date, you will attract a penalty for everyday in default after the 60days).




---- The addresses of both parties.




---- The history of the property i.e how it was first obtained from original owner, the documents it possesses, how many "hands" it has passed through, etc




---- The price of the property which seller accepts to be paid




---- Details of verifiable documents the property possesses.




---- A comprehensive description of the property.




---- The covenants or promises both parties agree to undertake to finalise the transaction




---- The signature of both parties and Witnesses to the Transaction




---- The section for the Governor or its representative to consent and validate the agreement. 




---- The name and address of Lawyer that prepared the Deed



From these contents of Deed of Assignment listed above, you'll notice it's almost impossible for you to have any litigation issue in future that may threaten your legitimate right to claim ownership of your property if your deed of assignment is well prepared and all terms spelled out with the consent of the government. 



Always insist on a copy of your Deed of Assignment!
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Owning a property is a worthwhile investment and luxurious necessity.
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Think property, think Real estate, think quality investment.
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#Realtor #PropertyManager #Realestate #Property #Investment #Realestatetips #Propertytips #House #Land #Lagos #Abuja #FCT #Request

erenax:
Sir, I want to Sell a property, can you be of help

Sure. You can reach on WhatsApp: 08171623062 for a quicker response.

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Available

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Partially completed 4 Bedroom duplex on 600sqm at NAF valley estate

LOCATION - Asokoro

TITLE - Global C of O

PRICE - #55M asking


Call/WhatsApp: 08171623062

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WHEN YOU DECIDE TO BUY OR SELL A PROPERTY WITHOUT EMPLOYING THE SERVICES OF AN EXPERIENCED REALTOR ��
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Owning a property will forever remain a necessity and a luxury. 
Think property, think Real estate, think quality investment.

#Realtor #PropertyManager #Realestate #Property #Investment #Realestatetips #Propertytips #House #Land #Lagos #Abuja #FCT #Request

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LAND FOR SALE

DESCRIPTION: The land was initially scheduled to be used for a mini estate with both residential and commercial approval. All necessary documents available. Owner wants to sell off everything.


SIZE - 2.88 Hectares

LOCATION - Sabon Lugbe along the express just behind Police college

TITLE - R of O

PRICE - 120M net



Call/WhatsApp: 08171623062

franchasng:
You guys ought to have been richer than this if you had abandoned greed and stayed together, now the income flow is dying down gradually, you better find a viable business and invest in asap, buying luxury cars, buying lands and building houses aren't sustainable investments in Nigeria, forget all those crap foreign infopreneur book writers do write in their books oh.

Majek Fashek had plenty hectares of lands in Lagos, near Ajah, but those lands couldn't save him, this is Nigeria not America

Venture into as many businesses as possible as you can, sponsor talent hunts to harvest fresh talents with hot tech ideas, invest in their most viable ideas and become a major stakeholder, buy off thriving tech startups and invest in them to capture local and global market.

As a music artiste, find a way to startup a tech business that focuses on streaming and delivering local songs and videos to Nigerians using minimal internet bites and low internet connectivity, gradually, turn it to a global sensation.

I swear all these guys are lucky to make cash but don't have business sense to expand their business empire and wealth

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Your statement "Buying lands and houses isn't a sustainable business" is 100% wrong. Investing in Real Estate is one of the most sustainable, secure businesses all around the world if done with professional advice and guidance.

The kind of result to expect when you decide to settle for mediocrity.




REAL ESTATE TIP: Employ the services of experienced professionals to guarantee you peace of mind. #Realestatetips




Think property, think Real estate, think quality investment. Stop procrastinating, make that call now.




#Realtor #PropertyManager #Realestate#Property #Investment #realestatetips#propertytips #house #land #Lagos #Abuja#FCT #request

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Anytime �

Dunnytt:
Thanks,this come in handy.

I once received a call from a prospective client informing me of his intention to sell off some plots of land at almost half its current value because he needed money urgently to execute a contract. My excitement at the possibility of a quick sale knew no bounds because I got a serious request some couple of days earlier for land in that exact location. So I immediately set up a meeting to view and familiarise myself with the location of the land and also take a look at the title documents but (un)fortunately, after going through the documents, I discovered that the survey plan isn't a registered one which simply means that there exists a possibility the land could be an illegitimate one . I asked if he did a land search before paying for the land and his answer was 'NO', because according to him, the people he bought the land from are his relatives and very trustworthy people. Well, I had to let him know that since I was coming with the buyer, I'm not going to fail to advise my client to do a search at the Lands Bureau. Long story short, we did the search and the land in question is still in the market for sale till this moment.

I never fail to tell those who care to listen that you must ensure that you know the status of your property no matter how long it has been in your possession. Knowing the status of your land eliminates all unexpected occurrence in the future. You cannot lay any claim to what is not LEGALLY yours if/when the need arises.

One of the most important documents in Real estate is the Survey. The SURVEY PLAN is a document that measures the legal boundaries of a parcel of land to give an accurate measurement and description of that land. Before you pay for ANY land, you must demand for the survey to enable you do a proper land search at the lands bureau. Then, you must get in touch with a licensed surveyor who will not only confirm the exact measurement of the land but will do a proper search on the status of the land at the surveyor general's office. This will ensure that you verify it's authenticity and guarantee your peace of mind. Also make sure you demand for the land information certificate from your Surveyor though this takes a couple of weeks before it can be processed, it is a concrete proof that you have a first hand information on status of land. 



A genuine survey must contain the following:



1) Name of owner of land

2) Size of land

3) Description of land

4) The surveyor that drew the plan and the date the survey plan was made

5) "Free from acquisition" stamp

6) Beacon numbers





Owning a property is a necessity and a luxury. Think Property, Think Real Estate, Think quality investment.

I recently bumped into a childhood friend who I hadn't seen for almost two decades but unfortunately, after a couple of minutes catching up on old times with all the excitement of an unexpected reunion, he nearly broke down in tears when he began to narrate the unpleasant situation he currently finds himself. He had just received a notice from the government that his house and every other within his vicinity has been marked for demolition as it's a committed land under government acquisition. What this means is that he's about to lose his house (investment) where he's lived for over 5 years at a time he can't even afford to rent a place let alone build another.


His story is not different from so many others who have invested their hard-earned money in the ever lucrative world of real estate only to later discover they are unfortunate victims of illegitimate transactions. According to the Land Use Decree of 1978, ALL lands in the state are under the control of the state government even though it gives out some portion to the traditional dwellers of the communities (omo-onile) to do whatever they please. Lands not given out to the omo-oniles are either 'merely' under the acquisition of the government or committed. If a land is 'merely' under government's acquisition, people in similar situations as my friend can qualify for Ratification/Regularization to save their property from demolition but if it's a committed land, there's absolutely nothing that can be done because these lands have been set aside specially by the government for projects such as roads, bridges, housing estates,etc . It does not matter how long you've owned that property or how much you've spent developing it, when the government decides to make use of it's land, nothing stops them.


Stories such as these does not change the fact that real estate will forever remain one of the most lucrative investments in the world with a huge percentage of the world's billionaires directly involved in it. It is a powerful investment tool for anyone seeking financial independence or freedom but the major problem potential investors face is usually lack of adequate information. You should understand that one of the major advantages of a true real estate investment is that profit is made when you buy, not when you sell so before you buy that property (Land or House),you must have a very clear objective of what you intend to do with it and a budget to match.Then, you must make sure you have enough experience in the purchase of properties that will ensure you have a successful transaction and a deserved peace of mind forever. If you're not fully convinced you have enough experience, I advise you contact a trusted and experienced Real Estate practitioner who will guide you, one you're sure has your best interest at heart (Yes, we exist!). A trusted Realtor on your side has enormous advantages: Offers you advice that will help you achieve your goals&objectives, Assist in making the best choice of location for your intended property within your budget, will be involved in negotiations, has the experience and reach to ascertain and verify genuineness of documents, etc . A Realtor with your best interest at heart is your security guarantee. Do not fail to ask questions and seek clarifications on processes you do not understand. Conduct a "mini-interview" if you must as this will not only help you make better decisions in future but will prove he/she has your best interest at heart.


Owning a property is a necessity and a luxury. Think property, think real estate, think quality investment.


#realestate #property #invest #realtor #propertyinvestment #investment #lagos #abuja #land #house

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I recently bumped into a childhood friend who I hadn't seen for almost two decades but unfortunately, after a couple of minutes catching up on old times with all the excitement of an unexpected reunion, he nearly broke down in tears when he began to narrate the unpleasant situation he currently finds himself. He had just received a notice from the government that his house and every other within his vicinity has been marked for demolition as it's a committed land under government acquisition. What this means is that he's about to lose his house (investment) where he's lived for over 5 years at a time he can't even afford to rent a place let alone build another.

His story is not different from so many others who have invested their hard-earned money in the ever lucrative world of real estate only to later discover they are unfortunate victims of illegitimate transactions. According to the Land Use Decree of 1978, ALL lands in the state are under the control of the state government even though it gives out some portion to the traditional dwellers of the communities (omo-onile) to do whatever they please. Lands not given out to the omo-oniles are either 'merely' under the acquisition of the government or committed. If a land is 'merely' under government's acquisition, people in similar situations as my friend can qualify for Ratification/Regularization to save their property from demolition but if it's a committed land, there's absolutely nothing that can be done because these lands have been set aside specially by the government for projects such as roads, bridges, housing estates,etc . It does not matter how long you've owned that property or how much you've spent developing it, when the government decides to make use of it's land, nothing stops them.

Stories such as these does not change the fact that real estate will forever remain one of the most lucrative investments in the world with a huge percentage of the world's billionaires directly involved in it. It is a powerful investment tool for anyone seeking financial independence or freedom but the major problem potential investors face is usually lack of adequate information. You should understand that one of the major advantages of a true real estate investment is that profit is made when you buy, not when you sell so before you buy that property (Land or House),you must have a very clear objective of what you intend to do with it and a budget to match.Then, you must make sure you have enough experience in the purchase of properties that will ensure you have a successful transaction and a deserved peace of mind forever. If you're not fully convinced you have enough experience, I advise you contact a trusted and experienced Real Estate practitioner who will guide you, one you're sure has your best interest at heart (Yes, we exist!). A trusted Realtor on your side has enormous advantages: Offers you advice that will help you achieve your goals&objectives, Assist in making the best choice of location for your intended property within your budget, will be involved in negotiations, has the experience and reach to ascertain and verify genuineness of documents, etc . A Realtor with your best interest at heart is your security guarantee. Do not fail to ask questions and seek clarifications on processes you do not understand. Conduct a "mini-interview" if you must as this will not only help you make better decisions in future but will prove he/she has your best interest at heart.


Owning a property is a necessity and a luxury. Think property, think real estate, think quality investment.


#realestate #property #invest #realtor #propertyinvestment #investment #lagos #abuja #land #house

Awol1:
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LOOOOOL

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Call

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Available

Very neat. Just arrived.

Call 08171623062

100% Dry land