4 MISTAKES TO AVOID WHEN BUYING LAND OR HOUSE IN NIGERIA

4 MISTAKES TO AVOID WHEN BUYING LAND OR HOUSE IN NIGERIA

Buying land or house in Nigeria is a good decision, but full of problems if not well handled. Here are 4 common mistakes to avoid:

1. Skipping Ownership Search: Not verifying the land’s true ownership and status can lead to issues. Always conduct a thorough ownership search to confirm the seller’s genuineness and ensure the land is free from issues, including court cases.

2. Not Making Registered Survey Plan: A registered survey plan confirms the land’s exact location, boundaries and prevents future disputes. Always get a Surveyor to prepare a registered Survey Plan to avoid buying Government-acquired land or land set aside for a use different from your plans.

3. Not Engaging a Property Lawyer: Never go into a land or house buying transaction without a Property Lawyer from the beginning. You run the risk of falling into errors you may never be able to recover from. A Property Lawyer will review documents, confirm the owner and ensure compliance with legal requirements, protecting you from fraud or invalid transactions.

4. Rushing the Process: Hasty decisions can lead you to buy land in dispute or with official issues. Take your time. Avoid pressure from the seller and his agents. Let a Property Lawyer investigate the property’s history and legal status.
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