Hamachi:
can we talk outside nairaland?

Yes sir. Call or whatsapp 08140766742

Due Diligence in Nigerian Real Estate Sector

Are you interested in purchasing a landed property in Nigeria especially Lagos?

HOLD ON FIRST...Don't just rush to drop your hard earn money.

HAVE YOU DONE YOUR DUE DILIGENCE ON THE PROPERTY?

You would ask me...WHAT IS DUE DILIGENCE?

✓ Who exactly is the owner of the landed property?

✓ Is the land FREE or COMMITTED?

✓ Is it under Acquisition from Government?

✓ What document is on the property?

✓ Does the name on the survey match the acclaimed owners of the property? If No, are there documents (receipt, deed of agreement) to show change of ownership?

✓Have you been to the property environment to ask people in the neighborhood if there is any issue on the land?

Real Estate is good investment plan when done rightly.

Talk to US today for your safe investment in Real Estate

Deehoney Homes
...Your Partner in Wise Real Estate Investment
08167833426

Advice needed here....

https://www.nairaland.com/6072087/advise-needed-before-buy-property#93132636

lawyer:
Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.

For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers  who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.

Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.

Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners  when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.

The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.

They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.

Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.

Please can someone help me urgently on how to get ( C of O) on a 1 by 2 plot of land and also how much it will cost me. But I got my Government surveyor document already ever since I bought it and I don’t know if my plot is safe with just that. Please I need your help people

Make your document legal in Ogun State through Stamp Duty....

Let's help you make your document valid in Ogun State.

Contact: 08934584114

Pls I need help.
I am planning to buy a land at one estate in Ilorin (evergreen estate).
I won't to ask the necessary documents to ask the estate management, and what are the immediate steps I can take to secure the property, thanks