Real Estate Real Story

Real Estate Real Story

real-estate-real-story@fhgcltd

Thank you for yesterday’s feedback

The feedback was a show of love from those who commented on groups and those who send personal messages… We’re in this together, making Nigeria better in our own excellent way.

We’ve decided we’ll be using

REAL ESTATE REAL STORY; What A Man Can Do To Have A Different And Glorious Story.

And we’ll be starting today

In our bid to make money where the money is, this 2018, we end up losing it all unknowingly.

Before then, I have a message for you.

If you have any real estate mistake or regret that happen to you, please feel free to share it with us and we’ll make it anonymous to our readers so as to benefit the mass with it including your upcoming generation.

Remember, helping others has a ripple effect, it spreads until it reaches those who need it.

When you also share this post with others, it’s like saving your brethren from big shit and he can also see the need to share a story with us when necessary.

Though these stories are real, note that all the names of people being mentioned here are fiction and should never be taken against any real bearer you know nor taken against us.

If this is taken, let’s ride on…

While Mr Laisi was packing the documents and gadgets lying on his office table in preparation for the closing hour after a very hectic business day, his phone vibrated…

At first, he swayed the phone aside as he was too tired to even be engaging in any discussion. He was not even aware of who was calling.

Phone rang the 5th time and he managed to pick It.

On the other side: Ha Mr Laisi thank God you finally picked o

Mr Laisi: Oh my God, could you believe I didn’t know it was you?

On the other end: Nah money matter o … that’s why I no give up until you picked it. In fact I was planning to give you 20missed calls or even call until your phone goes flat…
Both: laughing seriously like this.

On the other end: There’s a genuine land in my possession and the owner is in dire need of money.

Mr Laisi: You mean it’s a distress sale?

On the other end: Yes you get it. In fact it falls within the Alatise excision, it’s beside the road, the price of this plot is 1.5m , like half the price you’ll ordinarily get here…

Mr Laisi: Whao, that’s a great deal o. Even me now I’m so eager o. Anyway, expect me early morning tomorrow to come for inspection and coordinates picking.

On the other end:

(Changes tone from an excited one to a monotone) Ha Mr Laisi so which one is that again? You no trust your friend again? After all I know the kind of lands you deal in and I’ve told you all I’m sure of regarding this land.

Mr Laisi: haha “Ore ko to yen nah” (friend e no reach that level nah)

Nah my job I dey do, is it not just to wait till the morning and do my thing? What’s wrong in being double sure of something?

On the other end: nothing o. Ok I go wait but abeg “padi e” (an informal way to call someone your friend) no take long o.

Mr Laisi: sure, so talk to you later.

The next day, Mr Laisi did his thing and his findings contradicted what his friend had boldly told him.

This land had a sign of dispute on it (only someone trained in our work field can know this… muttered Mr Laisi)

It falls just outside the Alatise excision, in fact, it’s on the boundary. So anyone could assume this land could benefit from existing excision.

Mr Laisi told his friend to give him 1 month to conclude because he needed to buy time before he could summon calmness to tell him “he was lying despite being his friend”.

Coincidentally during that one month was when the government came to that area to demolish every houses and fence outside the Alatise excision including the dwarf fence on the said land.

This is reality.

So apparently, the owner is not a distress seller, he wanted to sell off when he’s aware of government notice to vacate the area.

These are what you need to do to avoid this as being your story.

1) Don’t just “trust” family and friend when it comes to property, they might not be aware too even though Mr Laisi’s friend was very aware of the issue of this land when confronted.

2) Hire a trusted Real Estate Company to do the inspection for you, don’t cut corners.
It’s better to pay a professional service charge than wailing at a million Naira loss.

3) They didn’t just demand for title, they went to the land to pick coordinates. This is their professional ethics because they’re familiar with the fact that even when you demand the title, they’ll send the general village title which will carry FREE LAND even when the land doesn’t fall within the free parcel.
Also, when there’s dispute, it’s by inspection you’ll get the best clue.

4) Before you leap on a cheap deal, do your research. Not all that glitters are gold. Ibeju-LEKKI land isn’t Ibafo land o.

Mr Laisi(thou not real name) is a staff of FloraHomes Global Consult.

Helping individuals and company to get the best verified property deals as well as providing real estate advisory and training to companies and groups of individuals.

@florahomesgc

What did you just learn?
What experience do you or someone you know had in the past similar to this?

Share it with us in the comment section below

How to know if a Survey Plan is FAKE!!!

How to know if a Survey Plan is FAKE!!!

The other time I was talking about the fact that sealed survey doesn’t guarantee the genuinety of a property, I remember someone commenting that that’s not possible.

Something happened yesterday from a trusted fellow and I was like… “All because of money?”

Before going on, this was my response on that day…

“This is our field, and if not because we don’t just jump on landed or monetary opportunities, I can assure you that many assistant surveyors usually come to our office with unverified survey plan but we only stamp the ones we verify while the ones rejected would be taken to their type of “surveyor”

Now back to the story…

I was introduced to a parcel of land in Ibeju-Lekki as an option for a client of mine who needed a large expanse to execute his proposed housing estate project. On the surface, the land looked on point; standard access road, life electric mains, a couple of on going housing projects as well as notable infrastructures like airport, seaport, etc. that are already ongoing in the axis… in short, a lot of promises that gives an edge to our proposed project. Good business isn’t it?

Excited with what I saw on inspection, I requested for a document and was given a survey plan duly signed by a registered surveyor… I was told by my contact that the land is covered under an existing excision so I wanted to see for myself but guess what I found out!

On charting the coordinate on the plan, I was confused whether to cry, get angered or laugh to what I saw!

E ma gba mi ke! What’s all this?

A supposed Ibeju-Lekki land “located” beside oniru in VI? Shoo! when did land begin to travel from one local government area to another nah?

At first, I thought I’d mistakenly inputted a wrong digit but after carefully typing a second time with same result, I was sure I had been handed a fake survey. Well, the registered surveyors signature does not make right the blunder on the survery plan.

Mehn believe me, some people will do just anything to get money be it legit or not. They don’t give a damn about the implication of their actions on anybody, all they’re after is that money entering into their account.

My advice: “Don’t get carried away by trusted recommendations or by the site of a survey plan signed by a registered surveyor with the FREE FROM ACQUISITION stamp WITHOUT VERIFYING IT VIA TRUSTED CONSULTANT! They could be mere paparazzi to get you scammed. Unfortunately, your agent may be ignorant of these too.”

Do you have any concern? Share it with us in the comment area below.

HEY!!! That’s A Fake Land Title

HEY!!! That’s A Fake Land Title

About 2 years ago, I received a call from an old classmate briefing me on a property that was up for sale so I requested for available documents. A duly signed and sealed survey plan was sent to me showing that the land in question is a 2-standard plots backing one another (i.e. “18.3m x 73.2m” or “60ft x 240ft”) and it falls within one BANKOLE VILLAGE EXCISION. I was also told that the owner had signed a deed of assignment with the said family. This, I thought, is a good business and we sure will get a buyer for it in a short time. I need to visit the site so that I can begin to market it asap.

Gyan, my classmate as we fondly called him back then, wasn’t in town so he linked me up directly with the owner and we fixed an appointment to inspect the said property. On getting to site, I observed that the land had a frontage of about 3 meters less than what was on the survey plan given to me. At first, I thought it could have been an encroachment by the adjourning land owner but I decided to physically pick coordinates for further investigation.

It was revealed that the purportedly signed and sealed survey plan was in fact a FAKE!. The land is some few meters out of the known Bankole Village Excision and the owner was deceived into buying it thinking he was getting a piece of land with good title.

Fair enough,  the neighborhood is fully developed and occupied, so I advised the owners that they’ll need to go for regularization or sell off the land at a much lesser price to what he initially expected. Thank God for him, the area is not a committed acquisition.

Now listen carefully dear,  “that a survey is signed and sealed may not necessarily mean it’s not fake!“ How sure are you that the surveyor took a duty of care before signing the plan?

So,  in case you need help, feel free to reach us now and we’ll be most willing to save you alot of stress and money!

You can also help yourself to be a part of our FloraHomes Family on Facebook where we try to share useful tips on how to succeed and sustain your land and property investment even with low investment funds. Just click the link below (note that you have to be signed into Facebook to gain access): FloraHomes on Facebook

Who says you cannot invest in real estate with thousands and become a MILLIONAIRE!!!

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