TERRIBLE MISTAKES PEOPLE MAKE WHEN BUYING LAND OR BUILDING IN NIGERIA
Have you ever wondered why people who set out to buy land or building lose them or their money? Do you promise yourself not to let such happen to you? These are some of the mistakes responsible for such and how to avoid them:
MISTAKE NO. 1: Not Conducting Proper Research
Before buying land or building, you have to do your homework. Consult a Property Lawyer to independently confirm documents and ownership of the land, probe claims and understand applicable regulations. Don’t rely solely on the seller’s words – dig deeper.
MISTAKE NO. 2: Ignoring the Importance of Proper Documentation
In Nigeria, legal documentation is a must! Get a Property Lawyer to prepare documents and to confirm that all documents (like Deed of Conveyance/Assignment) are genuine. Don’t skip this step so that you don’t land in trouble.
Mistake No. 3: Not Inspecting the Property
Inspect the property thoroughly, check for signs of structural damage, environmental hazards, or other signs of potential issues. Better still, consult a Property Lawyer to assess the property and provide a detailed report.
Mistake No. 4: Not Working with Reputable Professionals
Work with trusted professionals, including Property Lawyers, licensed Surveyors, Architects and Engineers to avoid falling into errors.
By all means, avoid property mistakes.
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APEX CHAMBERS, best Property/Real Estate and Business Lawyers & Attorneys in Port Harcourt, Nigeria