6 VITAL THINGS EVERYONE OUGHT TO KNOW ABOUT REAL ESTATE IN NIGERIA
Top real estate consultant in Nigeria reveals the secret many real estate agents do not want you to know. These hidden secrets have cost many innocent people their hard-earned income. This shocking free report reveals it all!
Year in, Year out, many real estate companies spring up in Nigeria with lots of juicy offers, some of which are just sweet LIES told to unsuspecting Nigerians (especially Nigerians in the diaspora) to swindle them of their hard earned money.
Sadly, this trend has been going on for years and it doesn't seem to end especially as a lot of real estate agents (who know the real truth) WILL NOT reveal it to you based on the money they will earn when you invest in those properties. This is why they do not want you to know the truth. If you are one of the lucky people seeing this report, I will advise you read and digest every word in this report and keep this report with you.
6 SERIOUS PITFALLS TO AVOID IN REAL ESTATE TRANSACTIONS. NOT KNOWING THIS COULD MAKE YOU LOSE HUGE AMOUNT OF MONEY!
NUMBER 4 WILL BLOW YOUR MIND!
#1 - Think your property is safe because it has Government Allocation? Think Again!
Every land has a designated use. Some lands are for agricultural, residential, commercial, place of worship, educational, recreational, tourism/hospitality, mixed use (e.g both residential and commercial) purposes.
This is why it is essential you let your real estate consultant know the purpose you have in mind for buying the property so as not to buy a property that can't suit what you need it for. Take for example, if a person buys an agricultural land and builds a commercial property (e.g an hotel). Even if he builds on it, after some years it can still be demolished because it doesn't suit the purpose of that area.
Hence, ensure you work with genuine realtors who will check the recital on the land document or help you seek outline planning details from the state physical planning agency.
Nowadays, some properties are having titles such as Government Allocation. You should still ensure you do your search to check what purpose the government has allocated it for.
#2 - Buying cheap properties without titles can result in a total waste of your money!
When you buy a property, you acquire the legal right to the property. What are you then buying if the property doesn't have a title?
In Nigeria, there are different types of land titles such as Certificate of Occupancy, Registered deed of assignment, registered deed of sublease, registered land certificate, registered court judgement and others. Don't just focus on buying cheap properties that do not have any title.
Ensure you carry out title search in the specific state land registry or federal land registry (for federal properties) to certify that the title is registered at the state or federal land registry.
#3 - Not Getting All The Title Documents
One thing you should ensure when engaging in a property transaction, is that the seller provides you with all the title transfer and title registration document. These two different documents are very vital.
You need to get the document that will transfer ownership to you (such as deed of assignment, deed of sublease, contract of sale) and you also need to get the title registration documents such as signed form 1C (for Lagos state), Tax clearance, passport photographs of the seller, copies of title deeds duly executed.
Please note that what is needed for any property transaction may vary. But a good and knowledgeable real estate consultant can guide you and also have a ..... Continue Reading Free Report
NUMBER 4 WILL BLOW YOUR MIND!
This free guide will be taken down soon. Get IT now!
Hi, do you have any questions related to Elementor Landing Page #9513?
🟢 We are online and available to answer your questions