One big mistake people make when buying land/house in Nigeria is falling in love with it before making findings.
The beautiful land/building, attractive location and the seller’s convincing story mean very little if it has ownership problems.
This is why a registered Survey Plan should never be treated as a mere piece of paper.
A registered Survey Plan helps identify the exact location, size, boundaries, coordinates of the land and enables proper investigation to determine whether the property falls into another person’s land, Government acquisition, scheme or an area affected by other restrictions or issues.
Take the Survey Plan to a Property and Real Estate Lawyer before you pay. Your Lawyer should investigate the seller’s ownership, verify the transaction and identify issues. Then get Certificate of Deposit.
Do not allow a seller, agent/realtor, family member or a friend to convince you that the land is genuine just because they have sold properties there before. A property can look genuine and still have serious legal problem.
If you are abroad, do not buy land/building in Nigerian merely because someone you trust has inspected it for you. Distance makes professional due diligence even more important.
Apex Chambers advises that buying land/building property should begin with investigation, not payment. Check well and then decide whether to buy or not
A Property Lawyer is part of your legal protection. Embrace one now.
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APEX CHAMBERS, Award-winning Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates, Counsel and Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria
Phone: +234(0)7030868694 (Calls and Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com