THE ESTATE AGENT BELIEVES THE VENDOR. SHOULD YOU?

THE ESTATE AGENT BELIEVES THE VENDOR. SHOULD YOU?

In 2024 a real estate agent trusted a real estate company in Port Harcourt, marketed their estate with pride. Sold 10 plots of land for over ₦40 million. Then came the heartbreak; the vendor disappeared without a trace.

The estate agent had no idea she was helping to sell land that wasn’t properly verified. Her buyers were excited. Papers looked clean. Allocation was scheduled. Everything seemed legit, until the vendor vanished.

No land. No allocation. No refund.

The buyers turned on him. Angry, disappointed and demanding their money back. Though he wasn’t the scammer, he became the one held responsible. He was forced to refund millions he never stole; money he didn’t even have.

The cold reality is that many estate agents do not really know who owns the land they’re selling. They depend on the vendor’s word. But when things go south, the buyer suffers or the agent crashes with him.

Worse still, the agent may genuinely believe the vendor when he says the land is “free from any issues.” But what if it’s under government acquisition? What if it’s earmarked for a school, road or other public utility project? Or tied up in a legal dispute with another claimant?

Don’t let this be your story.

Before you pay for a property, hire an experienced Property Lawyer to conduct due diligence. Verify ownership. Check everything.

In real estate, trust is not a strategy.

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

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