₦airaland Forum

If you want to buy property in Nigeria, this may be the most interesting message you will ever read

I've heard a lot of people complaining what to do to avoid losing their real estate investments

Below is one of the mistakes you want to avoid before buying property in Nigeria:

(1)LACK OF DUE DILIGENCE: You need to know the genuine owner of the property you want to buy before making payment. This is very important because you don't want to lose your hard-earned income to the fraudsters.

Some people will present themselves as the owner of the property, but in the long run; you will find out that they are not the real owner of that property.

How do you know the genuine owner of the property you want to buy?

I will advise that you ask people that live around the area to give you useful information regarding the property you want to buy. I’m very sure you will find someone that will be of help to you.

Even if the landed property is inside the bush, you can go to the nearby village close to the location of the property and ask for useful information as regards the genuine owner of the property. If you can’t do this by yourself, seek the help of a lawyer, Surveyor or real estate consultant.

You also need to verify whether the landed property you want to buy is under government acquisition or not. If the property is under government acquisition and you buy it, you’ll lose your money, so ask a good surveyor to help you confirm the status of the property before making any payment.

Ensure you seek the help of a property lawyer or surveyor to assist you in identifying the genuine owner and the status of the property you want to buy before making any payment

Watch out for more information.

Thank you