WHY YOU MUST NEVER BUY LAND/BUILDING WITHOUT MAKING FINDINGS

WHY YOU MUST NEVER BUY LAND/BUILDING WITHOUT MAKING FINDINGS

You see a piece of land or building in Nigeria. The price is perfect, the location is great and the seller is convincing. In your mind, you are thinking, “If I do not grab this deal now, someone else will.” So, you rush, pay,  collect documents and smile.

And then the problem begins.

The land you ‘bought’ turns out to be under government acquisition. Or maybe it is locked in a 15 year court case or the seller never owned it at all. That is the reality of skipping due diligence (findings).

Due diligence is not a fancy legal exercise. It is step-by-step investigation that confirms whether the seller is whom he says he is; if the seller truly owns the property; whether there are hidden issues, whether the documents are genuine, and whether the land is free from government acquisition or other legal setbacks.

It includes checking the ownership at the land registry, physically inspecting the site, verifying boundaries and reviewing supporting documents.

Fraudsters thrive on your hurry. They smile,  reassure you and swear on their family name, and they push you to pay fast.

The cost of due diligence is a fraction of what you stand to lose if you skip it. In property transactions, what you do not know can and will ruin you.

Before you pay one kobo for land or building, let a Property Lawyer investigate it for you.

Avoid regrets.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls & Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com