₦airaland Forum

To avoid stories that touches the heart when making your next land purchase, we’ve deem it fit to call your attentions to the following 10 rules most land buyers often ignore and as a result they fall victims of dubious land deals.
As it is every family dreams to own a house so also it is the dreams of every evil doers to get preys that will fall victims of their shady land deals.

Therefore, follow me as I take you by the hand to show you why you need to shine your eyes when dealing in landed properties.

1. Your Real estate investment is as strong as your real estate link i.e a consultant/agent. It is advisable never to deal in real estate without a trusted link.
2. Before paying for that land make proper investigation. Investigate if the land you’re paying for is not under dispute between the families that owns the land or under government interest.

3. If there is anything not clear to you during negotiation please ask questions. In real estate deals you don’t know what you don’t know.

4. Never pay directly to a real estate consultant/agent rather pay directly to the land owners or to the real estate company involved. Please call the deal off if you’re not allowed to do this.

5. Involve the service of a good lawyer. Lawyers spot loopholes quicker when it comes to land deals.

6. Don’t be in a rush to close a deal. Always take your time to be sure you’re dealing with the right people.

7. Go on site inspection before buying a land and watch out for inscriptions so as to be sure you’re not paying for someone else property.

8. When making payments, make sure you documents the whole process. Take pictures with the people involve, writes down your agreements, do video recordings and collect receipts.

9. After payment of the land, survey your land immediately and start processing all necessary papers.

10. Be a wise investor. Before buying a land, be on the lookout for government policies and economic indicators because they contribute to capital appreciations of landed properties. Invest in properties/land at locations closed to fringe of development and wait for capital appreciation for good ROI.

In your real estate investment journey, you’re going to need these guidelines in other to make the right decision when making a land purchase.

nice

Good Info.....Spot on from my experience

Ok

Ok

Great information

Informative but please be careful on No. 7


If you are buying land in Port Harcourt or anywhere in Rivers state, DO NOT GO for site inspection during weekends. Make sure you go at least with 5 or more people. Many have been kidnapped in the name of come and inspect my land.


Vizkiz or Falconey or Ichommy, I'm yet to throw coins.

okkkk

Informative piece

Informative but point No 4 should be adjusted It is not also advisable you pay directly to the land owner. Since a lawyer is involved, it is advisable to pay to the lawyer who gets the stakeholders paid.

nice

Thanks. Very helpful. Getting mine soon.

yeah, Op, u nailed it on d head... Its rather unfortunate, pple even the land owners scammed pple of their hard earned money. My frnd's dad is a living example.

OK.... Give him a hand of applause

Nice pièce.

OK noted. Please please help help a sister I need an industrial attachment in electrical '/electonics technology. Location. Abuja. Not really after the paid but the knowledge and skills. Thanks

Ok

Make i book my space first.

OP, lalasticlala, pls correct the topic. It is 'in order not to fall victim' and not 'in other not to fall victim'

brunofarad:
Ok

Lux Fiat bro.

No. 4 saved me from a fraudster agent. Your points are insightful

larrysng:
To avoid stories that touches the heart when making your next land purchase, we’ve deem it fit to call your attentions to the following 10 rules most land buyers often ignore and as a result they fall victims of dubious land deals.
As it is every family dreams to own a house so also it is the dreams of every evil doers to get preys that will fall victims of their shady land deals.
Therefore, follow me as I take you by the hand to show you why you need to shine your eyes when dealing in landed properties.
1. Your Real estate investment is as strong as your real estate link i.e a consultant/agent. It is advisable never to deal in real estate without a trusted link.
2. Before paying for that land make proper investigation. Investigate if the land you’re paying for is not under dispute between the families that owns the land or under government interest.
3. If there is anything not clear to you during negotiation please ask questions. In real estate deals you don’t know what you don’t know.
4. Never pay directly to a real estate consultant/agent rather pay directly to the land owners or to the real estate company involved. Please call the deal off if you’re not allowed to do this.
5. Involve the service of a good lawyer. Lawyers spot loopholes quicker when it comes to land deals.
6. Don’t be in a rush to close a deal. Always take your time to be sure you’re dealing with the right people.
7. Go on site inspection before buying a land and watch out for inscriptions so as to be sure you’re not paying for someone else property.
8. When making payments, make sure you documents the whole process. Take pictures with the people involve, writes down your agreements, do video recordings and collect receipts.
9. After payme nt of the land, survey your land immediately and start processing all necessary papers.
10. Be a wise investor. Before buying a land, be on the lookout for government policies and economic indicators because they contribute to capital appreciations of landed properties. Invest in properties/land at locations closed to fringe of development and wait for capital appreciation for good ROI.
In your real estate investment journey, you’re going to need these guidelines in other to make the right decision when making a land purchase.

No 9 is as important as Bleep
Reason
Becuz am a SURVEYOR

Every points mentioned are important but most important thing which more than 75% is to deal with competent estate agent/estate surveyor .
There is say " You don't have bad property but bad broker" if ur land broker is poor im sorry.
Call us today if got a deal and I will give u free advice u don't need to see me just call :
Asla bond & Co 08085788626

Thanks for this.

Show the light ....
DENGRAM GUYS NA CORRECT GUYS

emmaliver:
Lux Fiat bro.

Don't rely on the survey plan of the seller. Let your surveyor pick the coordinates of the land and chart it before you pay. If you don't, you may end up buying a piece of land under government acquisition or even a committed land.

The best time to go for inspection of properties is during the rainy season. That way, you see the effect of rainfall, flood and erosion on the property.

Also, if buying a property in a built up area, speak to those selling items or living in the neighbourhood. That woman selling bread around the corner may give you information which the seller and his agents don't want you to know about the property.

aftatechbiz:
Informative but point No 4 should be adjusted It is not also advisable you pay directly to the land owner. Since a lawyer is involved, it is advisable to pay to the lawyer who gets the stakeholders paid.

Never you pay into the account of the seller's lawyer, agent or representative. I have seen lots of cases where lawyers and agents shortchanged their clients and put the buyers in serious problems. All payments MUST be made into the seller's account directly. If the seller's lawyer insists you pay into his account, ask him to provide a Power of Attorney by the seller authorising him to receive payment. No Power of attorney, no payment.

Harmored:
Ok

I hope u dnt die poor o

Whoever is the new moderator of the Property Section, God bless you.
That monkey called Lawyer only pushed the trash he writes to market and sell his overinflated properties. Thanks Seun for bringing sanity to that section. Lets see more topic from the property section please.

Ok

hmm thanks a lot, this information worth more than a million