10 RULES OF
INVESTING IN LAND IN NIGERIA
Many Nigeria
in different part of the world ,home and abroad want to invest in landed
property in Nigeria but owing to the
various land matter that is arising ranging from government acquisition land,
multiple sales of a particular land to various people ,omonile disturbance
which are the few that tend to discourage Nigerian and foreigners to invest in
land in NIGERIA
Here are
the 10 rules of how to invest in the landed property in Nigeria
1) HAVE SPECIFIC BUDGET
investing
in land require specific budget which
must be set in place in respective the amount you have in your bank
account. you have to research the fee attach to the land you intend to invest
in.
NOTE: When
you buy from an A REGISTER REAL ESTATE FIRM, you are sure that you are buying
from the right source .there are three basic title a land must posses for you
to be secure. RECEIPT, DEED OF ASSISGNMENT, A SURVEY PLAN.
OTHER TITLE
THAT WILL COME LATER :GOVERNMENT CONSENT,LETTER OF ALLOCATION,POWER OF
ATTONEY,C OF O,DEED OF TRANSFER
2) BEFORE INVESTING IN LAND
KNOW THE TITLE AND INVESTIGATE THE TITLE
TITLE are
the various document that is attached
with land which shows ownership of the land and this help you to know that the
land belong to and free from government acquisition area. After you get the
title you are meant to do verification on those title with the help of an
register real estate firm or solicitor but I recommend a register real estate agent
there are three basic title a land must posses
for you to be secure when you want to invest on land. RECEIPT, DEED OF
ASSISGNMENT, A SURVEY PLAN.
ADVANTAGES
OF KNOWING THE TITLE ON A LAND.
help
you not to invest in government land.
It help you
not to invest in land of fraudulent people
It help you
to invest in the rightful land to prevent future problem
It service
as an evidence incase of future challenges on the land
It help you
to know the next step of action in getting the relevant document which make
your land recognize and the title belong to you
No one can
easily steal or transfer your land when there is title on a land with your
name.
NOTE:
Construction of road and building beside or close to your land it add value to
your land. Also some land may not have any title on it ,it does not mean it is
not genuine instead the owner have not taken any step to make sure he/she get
the necessary title of the property done. all you need is to verify that the land
is real and the rightful owner
Incase of
PROPERTY INHERITED ,you must verify the rightful beneficiary and the consent of
the family head must be seek. for verification, I advice you seek the
assistance of an Estate firm or a solicitor.
3),YOU MUST
DO YOUR VERIFICATION ON THE LAND BEFOR INVESTING
Verification
can be done in many ways depending who you are buying from and what type of
title is on the land. in the case where there is TITLE on the land, the title
can be use as a means of verification.
If the land
do not have any title on it, then as side the owner who want to sell, you must
see other family member to confirm he/she is the owner, If possible the baale
or oba of that location of the land and ask question from the residents on the
street where the land is located and involve a estate surveyor and valuer,
solicitor when you want to invest in such land.
NOTE:TITLE
can be done on land without any title. never just buy and invest in a friend,
family friend, neighbor or colleague land without investigation, verification,
making research on the land with an estate firm or a solicitor
4)YOU MUST INVOLVE REAL ESTATE PROFESSIONAL BEFORE INVESTING IN LAND.
Professional in real estate have the basic knowledge about all activities
on land. with the knowledge and experience of the real estate professional such
as Estate Surveyor and Valuer ,Architect, Civil Engineer, Builder, Painter,
Mechanical Engineer and other professional I can assure you of getting the best
and you will not get into the hands of land fraudsters and you will be lead in
the right direction in investing on land
without no challenges.
5)YOU MUST INSPECT THE LAND AND VIEW THE LAND PHYSICALLY OR ENGAGE A REAL
ESTATE OR TRUSTED INDIVIDUAL
Many Nigeria do involve their family member to inspect a land or to help
buy and invest on a land when they are not around of abroad but unfortunately
they get scammed by their relative and love one’s I will advice if you do not trust your relative
then engage the service of the registered and experience real estate firm.
Too many fake agent ,individual ,developer have defraud many Nigerian
using well design advert, do not rely on pictures and spoken words
Land scammers are usually association with unregister agent developer, no
physical office ,no company registration
6) DON’T INVESTMENT IN LAND THAT HAVE CHALLENGES
Land that usually have challenges are individual land, land
inherited ,agent /developer who is not
register and unregister estate company without no physical office.
If verification is conducted ,definitely if the land have challenges, you
will know. Verification can be carried out by registered real estate firm and solicitor but I advice you use real
estate firm who have all the estate professional working together as a real
estate team.
7) WHEN INVESTING IN LAND,MAKE ALL CASH TRANSCATION INTO OWNER
/ORGANSATION OF THE LAND BANK ACCOUNT
Never give or pay cash directly when investing in land, paying money into
the bank account service as EVIDENCE OF PAYMENT, with the transaction payment slip
It help you to trace back down a fraudulent seller of land
This can solve huge challenge in court cases to show the time of payment,
for what purpose ,the amount paid for such land.
Most fraudulent land seller /agent/developer usually don’t accept payment
into their bank account in order to cover their tracks
8) NEVER ACCEPT THE LAND SELLER /AGENT ADVICE ABOUT THE LAND TITLE WITHOUT YOU VERIFIYING IT.
You must investigate and verify the title on the land. if you want to
invest on the land ,irrespective of the title on the land, you must verify the title majorly if you are not buying from
register real estate firm. You can enage the services of a register and experience
real estate firm to help you verify the title.
NOTE: there is genuine land, which the rightful owner wants to sell without
any TITLE on the land. All you need is to verify and investigate the seller is
the rightful and real owner of the land or have the right and authority to sell
such land. after investing in such land, a register real estate firm can help
you obtain all necessary TITLE on such land to make it legally banding on name
of new owner of the land.
The three(3) basic title a land must
posses before you invest and be secure incase of any challenges on land are
RECEIPT,LAND SURVEY and DEED OF
ASSIGNMENT
9) IMMEDIATELY AFTER
PAYMENT,TAKE POSSESSION OF THE LAND
Advantages of investing in LAND owned by a registered real estate firm is
that after payment the title on the land will be transfer and allocation of the
land will be done to the subscriber who invested in the land
Even though if you did not build immediately after buying and investing
in the land ,as long is a register real estate firm ,your land is secured.
When you invest in individual ,
agent, developer land ,after investigating and you have verify the title on the
land and they are genuine ,I advice immediately you must start an activities on
the land such as fencing of land, digging of wall, construction of building ,which shows someone own the land .it
discourage land fraudster from reselling
your land. it give your land maximum security and return of investment .
10) LAND IS AN INVESTMENT THAT WILL GIVE YOU RETURN
When you want to invest in land, have it in mind that land is an investment
that will give you returns in the investment in future.
If your husband die and leave cloths , car as inheritance, after some
years it became obsolete
You don’t live in IKOYI,VGC,AGAH ,LEKKI, as tenant to impress your friend
,family friend and neighbor without thinking about the future of your immediate
family(wife and children)
The amount you use to rent apartment in IKOYI,VGC,AGAH,LEKKI per year is
enough to buy you a plot of land at different location
I am Mr RICHARD, a real estate consultant,
I deal on sales of land ,construction of housing estate, project management,
estate management, sales of paint and painting of building,documentation,rent and
lease of property,dstv and cctv installation.
For enquiry contact
Tel: Mr. Richard 08024995989
Email: richard360property@gmail.com
Face book: 360 EMN PROPERTY
Website:360degreeemn.com
LAND
,BUILDING,CONSTRUCTION,PAINTING
2A,IYALLA
STREET,OFF,SHOPRITE,ALAUSA SECRETARIAT,IKEJA.
www.360degree-estates.com, www.360degreeemn.com
MR RICHARD....08024995989
richard360property@gmail.com, facebook:360
EMN PROPERTY
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DOCUMENTATION AND MAINTENANCE,RENT & LEASE OF PROPERTIES,DSTV AND CCTV INSTALLATION .
WE HAVE
PROMO FOR SALES OF LAND ON FLOURISH GARDEN ESTATE FOR MONTH OF SEPT 2015 (#600,000)
WHY YOU
SHOULD INVEST IN LAND
Time to
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,quit notice is issues which no individual love moving from one property to
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The value
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The
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Sales of Land available @ FLOURISH GARDAN CITY ESTATE,
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PROMO PRICE #600,00 instead of (1m)one million naira per plot
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KING’S COURT ESTATE
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15 MONTHS #3,500,000
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ADVANTAGES OF PAINT ON A BUILDING
Paint is use for beautification of a building
Paint is use for preservative to a building
Paint is use as corrective measure of error on a building
Paint is use on a building as a medium of identification
Paint give a building a value and prestige
Paint help to prevent heat transfer into the building
Paint is use as a form of design on the building
Paint make a building look cool, neat and attractive
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EMULSION
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10,LITRES #7,000
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