#nigerialands

𝗟𝗮𝗻𝗱 𝗕𝘂𝘆𝗶𝗻𝗴 𝗣𝗿𝗼𝗰𝗲𝘀𝘀 – 𝗧𝗵𝗲 𝗕𝗮𝘀𝗶𝗰 𝗦𝘁𝗲𝗽𝘀 𝘁𝗼 𝗕𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗮 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗟𝗮𝗻𝗱 𝗢𝘄𝗻𝗲𝗿 𝗶𝗻 𝗟𝗮𝗴𝗼𝘀 𝗼𝗿 𝗮𝗻𝘆𝘄𝗵𝗲𝗿𝗲 𝗶𝗻 𝗡𝗶𝗴𝗲𝗿𝗶𝗮. Property investment over the years has not only proven to be the safest form of investment but also it is the best way to save for retirement and build diversified investment portfolio. However, in a city like Lagos where the real estate sector is very viable, before one can attest to owning a property with ease and peace of mind without any unpleasant stories, there are some basic steps one need to take during the land buying process which I will explain below. 1. You Must Have A Goal The first commandment that one needs to obey in real estate is - _Thou shall have a WHY._ Firstly, before you venture into any land or property purchase deal you must have a goal. Your goal helps you to plan and assess your financial options. The truth is when your goals are pre-defined, its helps you to know where to put your money and also help you recognized and take advantage of opportunities that suit your investment objectives. 2. Pick a Trustworthy Team Your real estate investment deal is as good as your real estate team. If you desire a have a successful real estate investment experience then you need to get a trustworthy team to work with. A good example of a trustworthy team are realtors under the BRG brokerage (Billionaire Realtors) Most people with bad experience in land or property purchase experience such due to the fact that they work with the wrong set of people. The truth is property purchase can be complicated sometimes if you are dealing with the wrong people, therefore you must build a team that must be composed of people you can trust. Your team members includes your agent, a property lawyer, your surveyor, your architect, your engineer etc. 3. Verify All Land Documents I have seen so many people make the mistakes of purchasing land and properties based on documents given to them by land agents without going further to do their own due diligence. Continued in comment session ! #Memoriespremierproperties #lagosproperty #realestateknowledge #nigerialands (at Lekki Phase 1.) https://www.instagram.com/p/CVOLp54Io-z/?utm_medium=tumblr

7 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐥𝐚𝐧𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐲𝐨𝐮 𝐦𝐮𝐬𝐭 𝐤𝐧𝐨𝐰 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠 𝐚 𝐥𝐚𝐧𝐝 𝐢𝐧 𝐍𝐢𝐠𝐞𝐫𝐢𝐚. It is imperative that any individual who intends to purchase landed property must know and understand the types of documentation that governs land transactions. It is a pity that only about 12% of land purchasers know and comprehend what land documents truly mean and the reason which they serve. One of the most significant methods for making a claim for land ownership as well as in any landed properties’ exchanges is by having title documents that are important and recognized by different government rules and laws on such landed properties. The introduction of any of these title documents will help make the claim of ownership or transaction become legitimate after confirmation from the fitting government offices accountable for all landed properties’ issues in Nigeria. There are 7 Basic title documents relevant to landed property ownership in Nigeria which are: CERTIFICATE OF OCCUPANCY DEED OF ASSIGNMENT/CONVEYANCE DEED OF LEASE DEED OF SUB-LEASE LAND CERTIFICATE DEED OF MORTGAGE SURVEY PLAN 1. CERTIFICATE OF OCCUPANCY A C of O is the officially recognized Land Document for demonstrating Right to a Land. It is a Land Document given by the State Government which officially leases any land under the state to the applicant for 99 yrs. As previously known, all lands belong to the Government. 2. DEED OF ASSIGNMENT/CONVEYANCE This is a very important document that must be demanded and given to a purchaser after the conclusion of any land/property transaction between such Buyer and the Seller of the property in question. The Deed of Assignment contains very pertinent information for a real estate transaction. For one, it spells out the date when the ownership of the property transfers from one owner to the other. The deed also gives a specific description of the property that is included in the transfer of ownership. To be continue... #Memoriespremierproperties #Realestatedoctor #therealestatedoctor #landdocuments #nigerialands #landtitle #nigeria #homeadvantage #realtorsinlagos #orchidroad #fooddeliverylekki #learnreales (at Eleganza Estate, Lekki, Lagos) https://www.instagram.com/p/CP3Jv-6Lmud/?utm_medium=tumblr