WHY LEGAL VERIFICATION MUST COME BEFORE LAND PURCHASE PAYMENT
The biggest mistake land/building buyers make is paying first and asking legal questions later.
In real estate, the order matters. The Property Lawyer must approve before you pay for the land/house.
Once payment is made without proper legal verification, every risk instantly shifts to you. And when problems arise, recovery is almost impossible.
Legal verification (due diligence) is a deep legal investigation into the property’s true ownership, history and status.
It involves verifying documents, reviewing the survey plan, inspecting the site and checking for government acquisition, disputes, court cases or any issues that could affect your purchase.
Agents/realtors and sellers will show you impressive documents but only a Property Lawyer can confirm if those documents are genuine and legally enforceable.
If you ignore this step, you may later discover that the person you paid to was not the real owner or that the land was already sold to someone else or that it is Government land.
At Apex Chambers, we ensure that no payment is made until the property passes a thorough due diligence check. Then we draft, prepare, stamp and sign the purchase documents.
This process protects your property investment and secures you from future challenges.
The smartest buyer is the one whose Property Lawyer verifies before he pays.
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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