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The 23 real estate mistakes that are making property investors to be losing billions of naira annually and how not to ever make any of such mistakes.
Well, this content might be deactivated soon.
Enjoy the read while you can. This might be the best thing you need in order for you to keep succeeding and never again be a victim of scam or any form of losses in Real Estate Investment. We need to demystify this because we're tired of this spreading menace of losses and scams due to lack of certain awareness on the buyer side. Some people don't even know yet that they don't have any property despite paying for it. It's left to you to either take your time to read it or scoff it aside. Good luck on whatever decision you make.
Now, let's begin!
On the surface, real estate investing seems so easy; passive income, property appreciation, future benefit, rental benefit, watch it grow, low-risk investment, financial freedom, long-lasting wealth, a way to tie money down for the future, and more. In reality, it's a professional industry that's crowded by so many people who do not know about the already existing high risk in it, and neither do they know how to mitigate such risk, therefore, many who are investing are mostly trashing their money without even knowing it. Here are the mistakes so many buyers/investors make and how you can personally avoid them going forward.
1. So just because you're buying from an estate and you see the land with your eyes, does that automatically guarantee it's a safe buy?
Several buyers just visit the "estate" to view it, then get to the seller's office to collect some documents or probably get the documents online, then search it, fill some forms, make payment... and that's it. This is the most popular way investors lose their investment without even knowing. If you made this mistake and you feel you've lost nothing, first go and verify the property now before you begin to spend more money developing it. We've seen 10 years, 20 years houses getting demolished and people getting evicted from their supposed property simply because it was a wrong buy… even Estates. Yes, buying from estate can be safe! However, since land doesn't have a face, then "seeing is NOT believing" in property matters. You can at least use your Android phone to pick the coordinates if you can't go with a Surveyor who can do that for you. This is so that you can confirm the status and correlate it with the document/coordinates earlier given to you. The difference between a free land and a committed land is not by the signboard nor the developments seen around, it's an imaginary mapping you can't see with your eyes. Some estates are totally free, some are partly free partly committed, some are totally committed and they sell to you using the documents/coordinates around the boundary of their own property or they lie to you about the status. They know that you do not know, so now that you know better, do something different. One of the reasons for this easy loss from buyers is the fact that buyers automatically assume that "Estate Developers" are all saints and "Omoonile" are all evil, so they don't engage the right property professional to advise them. This message is not a discouragement from buying property within "estates". On a normal ground, those selling the estates should have done these verifications, yet, sometimes, they're either wrongly advised while some of them deliberately go for a committed land that can give them an edge in selling cheap land. Haven't you ever wondered why there are big price margins in some properties within the same location? Sometimes even side by side? We can't begin to mention many stories of loss due to this popular mistake. If you think this is hyped, wait until it's close home then. Let the message sink. Is it sinking?🤔.
2. Just because you only deal in houses, then you think that land matters are never going to be your headache.
Stop it. In fact, if you keep on having this notion, it's surely going to be your fever. This set of people are the ones that deceive themselves the most. The houses being sold to you, are they built on the sky? Why do mansions, apartments, and even skyscrapers get demolished? Why do some landlords get evicted from their homes? Even within Estates o? Those who sold houses to you bought land, or at least bought houses from someone who bought land and they made some of these terrible mistakes in their transactions. Don't make the mistake of not learning about the basis of secure and futuristic property transactions. This is so that you'll not end up being the one to carry the nemesis when it shows. Even though most of these losses are avoidable, yet, they're becoming more rampant with house-buyers too. Learn this while you still have the opportunity. Read on!✍️👩💻
3. You got a property recommendation from a friend/family and just paid for it without verifying the property.
Don't get me wrong, it's not wrong to get recommendations from family and friends. What's wrong is basing your decision to buy on absolutely word of mouth without due verification. Ask yourself if the person recommending is a property professional or he has a property professional as an Advisor. We're not referring to marketers as property professionals here (unless they are certified as such). Marketers are good and loyal but don't forget that they mostly depend on the information narrated to them by the developers/sellers to do their marketing. Some of themA even go all out to see the property/land but seeing the property solves no problem in land verification unless they do thorough verification with the help of experts.
4. Not Understanding what Land Title means and not knowing that the absence of it is a deal-breaker.
Firstly, do you even know that Title Document is the only thing that can prove your ownership of a property
and nothing else?
So how then do you go about buying land without knowing its Title when you can't go about confidently claiming
a car that has no ownership document in your name?
Because you don't know, that's why it's easy for a seller to sell a single parcel of land to more than 3
For layman sake, Title includes C of O, Governor's consent, Allocation, Gazette, Excision, etc
Some of these titles have 'Good moments' and 'Bad moments'. For example, you can't buy an "Allocation" from
Omoonile and be jubilating, that's a disaster, even though "Allocation" on its own means that the Government
has granted some people the permission to occupy and transfer such property. Allocation property can only be
bought from those whom it's allocated to and not from the omoonile. "Allocation" is not granted to omoonile,
the same way "Excision" is not granted to individuals/organizations, excision is granted to the omoonile or
the community… so if a company is marketing an excision or gazette, it should be in the Omo'onile's name.
There are some that are called "Titles" to buyers, they are ridiculously common but they're not titles and
this alone makes it easy for Investors to keep losing money. Before you jump into conclusion half-way into
the message, finish reading the explanation. Examples of such "Titles" include "general acquisition",
“Registered Survey”, "Deeds of Assignment", "Excision Block", “Excision In Progress” "Excision in View" and
many of such🙄
As for Survey and Deed of Assignment, read this carefully before you get bamboozled especially if you're
buying within an Estate.
A Deed of Assignment that is consent to by the Governor is what is called Governor's Consent (at such, it won't be referred to as a Deed of Assignment again), and a Survey plan that's duly registered with the Surveyor general of the state and confirmed as registered means that the land is free. However, when they do not meet the levels earlier mentioned, they're just 2 documents that can either be so important or can be so useless. First, if these 2 documents are for free land, then they're very important documents but as important as they are, they are not on their own called "Title"... they're just necessary documents needed in the perfection of Title. Second, if these 2 documents are for land that is not free, both the Survey and the Deed of Assignment becomes totally USELESS because you may totally lose the property or end up spending more than the amount you bought the land in order to protect yourself from eviction, demolition or any 3rd party claimants. The majority of those who call them "Title" in their marketing do so within this second category. Either as a means of manipulating the buyers or by just mere ignorance. This is confirmed from our site research of some of these acclaimed estates with these "Titles", most of their lands are not free. Furthermore, can you see those attachments beside the word "Excision"? Run when you see them. What many don't understand is that, even though "in progress" is a process to being granted the Excision by the government, yet, that "in progress" may never ever be excised till eternity. And when some of them get excised, it'll be a little part of the whole parcel because the government never releases all. So what's your gain when you find out that the part you paid for isn't part of the excised land? The result of buying land that is claimed to have "Titles" that are not Title may be that you'll lose the property totally or rebuy it from the Government by what's called "Regularisation" or you pay a huge sum to perfect the title . . . Unless the land is totally free. If this is clear, what next?
5. After knowing that the property has a good title, do you bother to confirm?
Do you even know whether the claimed Title truly belongs to the claimed property? Don't get confused, just
read on. Have you heard about counterfeits? How about cross-checking that the documents are registered with
the government and not fake? or Comparing the document with the actual property location on the site with the
help of property experts. How about authenticating the Ownership of the said property?
We've received a genuine document, found out the land is free from any known acquisition and yet, by the time
we went to the actual site for confirmation, we realized that the document given belongs to an adjoining
property. Don't be surprised, this is very common.
People do fabricate documents just to sell properties. Some sellers use another property's documents to
market a 'close by' property, they end up confusing buyers with location details.
Documents may not reveal this to you. But authentication will, with the help of a good and reliable expert.
Again, beside forged documents, do you know that even an original CofO can be fake?! It is so unfortunate that people can obtain CofO by fraud and misrepresentation.
Now here is the bombshell you need to note;
"It is true that a C of O is an evidence of title, however, it still is not in itself a conclusive proof of title."
Even wrong people can genuinely obtain it!
You therefore may be making a big mistake by relying 100% on a C of O, unless other facts are confirmed.
So next time you're told it has a Gazette, C of O, Governor's Consent or whatever Title, just know that the verification work has just begun.
6. Not knowing how to get the best profitable property investment but you keep believing that all land investments are profitable.
Who's funnier than the person that thinks "once it's land, I'm in money" Hello! Wake up. You want to buy land in order for you to keep so that its value will appreciate in the nearest future for profitable reselling (speculation), it's not like you're buying it for your grandchildren o, not for farming o, but you go and buy the land in Ikorodu or in one village in Ekiti state and you're waiting for it to appreciate quickly… You want to earn profitable rental income and you didn't consider a location of high corporate clients, expatriates, working-class residence, high profile businesses, or business owners data? You didn't consider industrial positioning, major linking roads, etc you just bought land in anyhow location because you like the place, or you feel people will always rent it? See, in some villages, a 3 bedroom flat still goes for five thousand Naira per annum haha. Ok, let's come to town e.g Lagos, a 3 bedroom flat can be as low as N300,000 in some locations and can be as high as N40m per annum rental in Ikoyi without exaggeration. You can Google this. There are different property investment options like house flipping, sponsorship, residential rental, commercial rental, agric, recreational investment, land leasing, build & sell, speculations, etc and there are professional strategies to get the best out of each: is it 5%, 10% or even 200% per annum you desire? Be clear in your communications to your adviser and make sure they're experienced and knowledgeable in the field. Also, if the land you're putting your investment choice has faulty documentation, this can also melt the ice of your investment. Sometimes, using your money for some other profitable businesses might be a better option than just going into what you or your adviser knows close to nothing about. If you practice Build & Sell in the wrong location, it'll never sell. If you tried rentals in some locations, you'll never get a tenant, etc. That's how one buyer built a mansion within one non-motorable and very local settlement in Ibeju-Lekki, thinking that he'll surely get befitting income since it's Ibeju-Lekki. Even though one will get as high as N4m per annum rentals on similar duplex but the highest offer he got was N700,000… why? The guy was wrongly advised. Hear this for your own good; even within Ibeju-Lekki, your investment advisory expert must consider your use, your goal, your ROI expectation, your pocket, and the suitability of locations. It's not just about buying land or building… so ensure you get the best expert on this. Almost everyone keeps singing "this land is close to Dangote" "that one is close to Free Trade Zone" which is good, but there are also many other important factors to be considered. If you're sweet-mouthedly sold into believing that anywhere or any investment option can give you the same profitable returns, then it's just deceit, don't fall for it. Is this confusing you already or you're solidly following?
7) Because you're buying from a big developer, you do not bother to check for encumbrance.
Hmmm. It's sad that many Estate buyers have become victims to the debts they know nothing about… either in form of government tax or anything that causes a part or the whole property not to belong to the claimant. Example, recently in Lekki, a whole estate was seized and locked up by AMCON and all buyers evicted. Why? The developer company went into a joint venture with the land-owner. They needed a loan to put up a structure on this estate and of course the loan can only be in the landowner's name since it's the land they used for the collateral. Whenever most people want to buy from estates, they only ask for the title like "is it C of O?, Yes" and that's all without asking for the land documents to do search in order to fish out any collateral issue. So people just went ahead and bought in mass. The debt wasn't fully paid and the eviction happened.
This case is just one of the many cases that happen across different states within Nigeria. Yours might not be like the example mentioned, it may just be a case of a non-registered debt of different types, tax related, government land regulatory fee, etc.
This is why when anyone is searching for encumbrance, they need to be smart with it. New happenings require new search methodologies added to the old searching style.
8) The land is genuine and it's now yours, You then fail to put a structure.
It's very common to hear people talk about "speculating" their land investment. Gone are the days where nothing will happen. But today, millions of dollars have been lost with respect to occurrences like this.
There are two ways to ensure the physical security of your land. First, if you're buying from an estate, you may not need to worry much about this, just ensure you confirm that you'll be indemnified against any form of encroachment by the developers you're buying from. This should be boldly written in either your Contract of Sale or Deed of Assignment (as the case may apply to you). If that's confirmed and guaranteed, then go and put your mind at rest.
Second, if you're buying non-estate, the minimum you can do as a buyer is to raise a fence and a gatehouse for an occupant that can be your eye. When you don't do this, it's either they use your land to dupe others, or you get duped. Either they encroach your land or they even resell your land without you knowing... Which one would you prefer?. Next time, either you're buying land within an estate that will not indemnify you against encroachment or you're buying a non-estate land, then be prepared to erect a structure. If you cannot afford to put structure like a gatehouse or a fence on the land after the purchase, please don't buy yet, come back later.
9) Investors and their lawyers still believe and rely only on documents for their verification without physical site research.
It's true that the only thing that validates possession of a property is the document it has.
Besides the fact that there are many fake documents, do you know about the latest document swapping? Ok here's the hint.
Do you know that you may have genuine documents, but that document might not belong to the property you're buying? Anyone can use a genuine document belonging to another property/land at the same location with the one you want to buy, and you will never know until you either visit the property with someone who knows how to pick, chart and interprets site coordinates or you only know when you want to process your title for perfection. Of course, it'll look the same for someone who strictly relies on documents or someone who knows nothing about land issues. But the coordinates will never be the same even for a kitchen and sitting room within the same house. This is why every verification or authentication to be carried out always starts with picking the coordinates of the site.
Even if all the area falls within a C of O, again, you still need to confirm if your interest property falls within. What if it's discovered it falls just outside the boundary of an existing title? Very common.
10) You do not understand what Right Of Way is, neither do you bother to know about land use.
You'll buy a land, it has a good title, you perfect the title, everything is perfect… not until you need to get building approval, then you get stuck. Because it was realized that the building approval you seek is probably for a parcel of land situated on a road or road setbacks, or for land whose planning use is totally different from your intended use.
Amongst different uses the government allocates land for include Residential, Commercial, Industrial, Agricultural, Recreational, Institutional, Road... and Planners do not concern themselves so much with the title, they're majorly about these Land Uses mentioned. The fact that you visit the land and all you see is green or buildings doesn't mean there's no State or Federal government plan on it.
A story building demolished in Victoria Island the other time was simply because the place was zoned for Recreational and the owner built Residential.
Many people who buy land don't know about Land Uses and yet, it's a serious matter that makes investors lose properties worth billions of naira every year.
It's true that the government doesn't carry out adequate awareness to educate the public, rather, they just penalize, yet, you can't use this as an excuse against the law, you can go to the physical planning website to know about some of these things.
The majority of demolition cases are due to LAND USES. Take a breath! Then let that sink.
11) So because you went on-site with the surveyor automatically guarantees "it's a yes once the surveyor says it is"
What the surveyor does is to confirm if it's free from Government acquisition or not, and also to confirm if the survey plan given to you tallies with the actual physical location of land (amongst other things). Surveyors do not authenticate the ownership of the land.
Surveyors' work doesn't reveal the root of titles.
Surveyors' work doesn't include land uses.
They do not confirm encumbrance. They do not confirm if it's stolen property, disputed property, or even wrong ownership of the said property. The Surveyor visiting the site isn't all that's needed in verification, it's just the first primary step.
Do you get that?
12) The property seller/developer insists you use their 'surveyor' for verification.
Ha! Ok, we do understand if they want you to use their Surveyor for your surveying work after purchase. But as for your verification before payment, it should be your decision to make and not theirs.
Of course, we're aware some sellers insist that that's their rule, but aren't you expected to smell the flame already? Will you be expecting their Surveyor to tell you anything contrary to what their marketers told you?
Using their surveyor to verify the land you want to buy from the same body is a red light. We're referring to the verification you do before paying for a property o. Don't you get this? Must you buy it there? Don't let village people follow you to the city please. Open your eyes.
13) You do not understand some of the terms being used but you kept agreeing to all terms.
Investor sometimes assumes he understands everything about Investment and so he keeps nodding to unfamiliar terminologies used, so as not to look foolish.
Why being shy when it's your money at stake here? Investor! Investor!! Investor!!! How many times did you hear your name🙄? If you don't understand, seek clarification. If you still don't understand, Abeg Waka pass.
If they call you a fool, rock that name with grace as long as your money is still sleeping in your account.
Ask questions until you're satisfied or just pass by. Remember, once money leaves your pocket, it won't come back complete again.
14) You assume it doesn't really matter if the estate you're buying doesn't have an approved layout.
Have you ever asked yourself about the reason for the recurring demolition without compensation?
Or you think it doesn't happen to estates too?
Don't deceive yourself o. If you ask around, you'll witness a lot of demolished estates, abandoned estates, and abandoned lands due to eviction. These are things you may not read in the news. Almost everyone calls you to come and buy this cheap land and that one calls you to an investment around Dangote that can appreciate by 1000% in 1 year and you jump on every one of these offers as long as you get them cheap or you get a free plot as another gift.
When there's no approved layout, no one can be sure of the appropriate uses, anything can happen whether now or in the nearest future. You don't even know if what's allocated to you is a road. This is what some estates in some cities are currently experiencing… demolition of some part of the estate that is encroaching the road in order to cater for road construction!
For an Estate to be called one, the road uses must be efficient, there should be residential, commercial, schools, health, sewage, etc that will complement one another to make life easy for the residents.
Without an approved layout, the government considers the estate as encroachment or unplanned development. Consequences include losing the property with little or no compensation at all. This is also why some estates are sealed, only those who are victims can fully understand.
15) You don't see it as necessary to vet the planning permit of the house you want to buy.
When it comes to property documentation, people are just stubborn but when they're facing the consequences, they'll become humble and sweaty.
If there's one ministry that's very efficient in carrying out penalties and strict adherence to policies, it's the physical planning.
Someone would be given a permit to build a 2 story building but they'll end up building 5 stories after the permit approval. When this agency shows up to demolish the property, they'll be pleading unacceptable pleading.
Dear buyers, confirm that the building permit correlates with the actual building you want to buy. Remember that after the payment, any loss will be your loss, and not the seller's.
16) You see it as unnecessary to trace the history, know the root-of-title nor research the link between the seller and the previous seller.
Sometimes, many people are buying good land but from the wrong owner. A known developer company once bought land from a wrong owner and this land was almost sold out before the real owner of the parcel showed up. Do you know what happened? The developer rebought it.
We've seen cases where the developers lost everything and as such their buyers lost everything too without any reallocation. We can't be mentioning names, understand that. Some Developers are credible enough to relocate their buyers, some Developers don't send you. People are in business for different reasons.
You don't want to know the stories of individuals that have fallen victim to this.
17) Looking to buy 4 and get 1 free.
This isn't just about buying land, it's very common nowadays for people looking for cash return investments in real estate. While some of the investors will be looking to get 200% cash ROI annually, monthly cash returns... in Nigeria o… we do not yet have enough short-lets, hotels and even commercial properties Real Estate Unit Investments (REUI) that can guarantee such, not even feasible abroad. While it's possible to get up to that percentage annual ROI (though might not be in cash) especially through sponsorship investment, the ridiculous expectation we're referring to are those who solely buy and resell properties or those who strictly venture into rentals then promise you heaven on earth profits all in the name of land appreciation. Land is not Agric commodities or production, don't be comparing real estate to those ones if you do not want to lose your capital with the supposed profit.
Now as for those who love partaking in different awoof land promo. It's difficult not to fall into a mess when you're enjoying a lot of awoof 😋. So land is now guguru and epa that you can play a price game with.
Most times, buyers don't even know the actual Title of these Land even if they claim it has a Title. Honestly, it's a pity for such buyers because they hate the truth. Sometimes, it's better to keep your money than to think you have one land somewhere.
Think about this, who will have a genuine land that appreciates very fast and then sell it at 3 for 10 Kobo?
Also, if you're buying from a "distressed sale", you still need to be careful. People use those headings to quickly make a profit out of a looming investment. As for buying awoof berekete from some developers, they themselves must have bought it very cheaply from someone who needs to exhaust another person. In the end, everything falls back on the buyer… Think. No one sells gems at a giveaway price.
Buy affordable land, but don't buy cheap land.
Go for profitable investments, not overhyped investments.
18) You assume since there are lots of houses already built, it shows it's good to buy.
This is one of the most misleading steps any investor can take in real estate.
What happened to over 2000 buildings demolished in Lagos over 2 years ago?
What happened to over 400 luxury houses demolished in Ibeju-Lekki in 2018?
What Happened to the mansions brought down at Ibile Holding Abijo sometimes back?
Why do you think you see “X” marks on various buildings all over that state/country?
Not that you shouldn't buy in a developed location, in fact, it's good for quick value appreciation. What we're talking about is when you use the fact that there are developments as a basis to qualify an investment free-of-wahala, or when you think that there's no need for verification since the place is developed? No! No!! No!!!
If it's true that developments are proof of property safety, then there should be no demolition as always seen around. The examples of demolition victims do not exempt some public figures we all know. Let's leave you to figure that out by yourself.
These demolitions are mostly a result of making any of the mistakes being mentioned.
If you buy wrong, either bare land or houses, even if you've been occupying it for 20 years, it can go down within the blink of an eye if you didn't do the right thing.
19) You're more concerned about lower prices than you are concerned about the longevity of your investment and of flooding ransacking your home.
We don't want to burst your bubble but only the truth will set you free. If you buy too cheap, you'll likely lose out in the future to come be it near or far. We don't want to give examples here so that it won't be like an attack to some popular developer brands. A word is enough for the wise.
As for the flooding Issue, you see, some people think that flooding is a Lagos thing or Lekki thing, but hey, it's everywhere.
Many developers want to consider erecting working and efficient drainages and at the same time, want to attract customers using cheap prices because buyers will prefer to buy cheap alternatives than ultimately saving their own lives. Although this is not really meant to be an option because when life is involved, there's no too much value that can be placed on anyone's life. Now you have your flood home at a reduced price.
What can an investor do?
Ensure part of the amenities of the supposed estate includes drainages, not just good roads. Good road without drainage? You, your house, the good road all inside water.
Also confirm if there's a canal or large water outlet, not just drainages that lead to nowhere except leading back straight to the house of the occupants, sweeping them and their valuables off their feet straight into the water. Pay your developmental fee and never compare the price of peace with the price of just buying property. Do not compromise your future peace simply because of a discounted and cheap offer. Let's be guided, please.
And for already developed areas, buy during the raining season or ask for their worst-case scenario water experience.
20) You need to buy a house, but you see it as IRRELEVANT to engage a Civil Engineer to vet the property against any structural defect.
A couple of years back, members of our team vetted a building for client purchase and we couldn't close the deal because they reported a likelihood of collapse. We believed the report because they're professionals with years of experience. 2 years later, it was on the news we heard of the collapse in the same estate. Since then, it has always been part of our verification checklist to involve these checks in our clients' house purchase requests.
For this same reason, we take time before entering a partnership with developers or house owners because we have to ensure whatever property we're recommending to our clients is futuristic.
Paying a professional fee may seem costly to you, but the cost of life is immeasurable. We hope you don't wave this in your building purchase decision.
21) Now that you don pay for the property, una don become landlord be that o 🙌🤓🙌
Wait there! Don't be deceived, only the person in possession of the perfect title to a property owns the property. If you've not yet perfected your title, don't celebrate yet. Perfect the title before it leads to regret. Millions of Nairas have been lost to this. This truth is simply why many people lost their properties to Government projects of public interest without a dime of compensation. Some lost it to debt they know nothing about.
Another risk is, sometimes, sellers sell to many buyers, then you'll lose that property if you're outsmarted by another sharp buyer who perfects the title before you. If you do not know that before now, know it now.
Also, to avoid any form of encumbrance like debt spilling on you, quickly start your title perfection before you lose. Anyone whose name is still registered as the owner can still use it as collateral even if you've paid for it. I wonder why buyers are always too comfortable after purchasing a property without perfecting their Title while the only legal claim anyone can have to a property is the perfect title in the owner's name.
There are other issues too relating to this but don't scare yourself, perfect your title and be at peace.
22) Now, you're ready to build, but instead of letting a professional or a certified property company handle your building project, you say "NO!!! village people must be involved".
So because your brother is in town where you bought your land, then you have to automatically make him a building contractor🙄🙄
Your home design looks like the one in the stone age and on a very bright good afternoon, your interior is dark like in the dark age. Fresh air is struggling to come into your house and your walls are dusting off.
If they don't dupe you nor even want to kill you on top of your money while they send fake pictures to you, they use your money to buy inferior materials and soon your roof will be leaking.
Sometimes, your family or friends don't intend any harm, but they themselves don't know how to do it better because they only get someone known in the neighborhood to fix the supposed professional job for you thinking that they're saving you cost.
So when there are cracks or collapses which we don't wish for, don't point fingers at anyone. Instead of paying your dues to a reputable professional for a great job, you pay times 10 to someone who knows nothing about the job just because you feel that will cost less.
This kind of mistake is also common when people want to buy property. Instead of them using a local professional that is familiar with the technicalities and happenings within the locality of their property choice, these prospective buyers will go and bring their own imported surveyor or imported lawyer from another state to come and work within a location those ones are not familiar with. All because it's their friend, family or a recommendation from a family member. When yawa gas, you won't hear from them again.
There are some things you don't read in the books, that's why any professional you're involving has to also be street-smart and experienced even if they operate in the locality of your interest. Don't just engage anyhow. Despite having our own experienced property professionals executing our clients' jobs across different states within Nigeria, we still prioritize collaborating with experienced local professionals within the terrain of the job we have.
In short, stop making your property project a family affair… because it's not!
23) You confuse engaging A PROFESSIONAL with engaging THE RIGHT PROFESSIONAL but you argue that you know what you're doing because one of your family members is a "Something Surveyor".
Employing a professional property expert for a specific landed project work requires you to understand each of the needed professionals and their qualified roles no matter their truthfulness and years of experience!
Quantity Surveyors, Civil Engineers, Lawyers... are professionals but they are not the right people to advise you on Land Status, it's not just their field of expertise. That one belongs to a Land Surveyor.
A Land Surveyor, a Lawyer, or a Quantity Surveyor won't be the one to advise you on Approved Layout Status, Planning Permits, or appropriate Land Use, that one belongs to a Townplanner.
And when it comes to Property Documentation, Searches, and Authentication of ownership, you should call upon an Estate Surveyor & Valuer or a well-versed Property Lawyer. This is not to say that there are no documentations that belong to Townplanners, Land Surveyors, Architects, or Civil Engineers... It's just dependent on what needs to be documented.
When it comes to quality control, quantity, and costing of materials used for construction projects, no one can do it better than a Quantity Surveyor. They're also good at site supervision.
To verify if there are structural defects on the building or flood susceptibility on your interest property, a site Architect, Builder or Civil Engineer will fit that.
It's not possible for us to list all the roles of these professionals or list all other professionals involved in property matters here on this blog, we just want everyone to be guided.
Don't just use any professional for any role and don't use only one professional for everything unless it's a firm that has all these Professionals.
Whoever is not qualified for another person's job is a quack in that other field.
If you use quacks thinking that you're saving money, in fact, you'll be losing a lot of money without knowing.
If you fall for it, you'll be the only one to face your issues when they surface.
The reality is hard to swallow, but these and many more are some of the issues we've attended to in our firm, we don't want to have more victims of property investment losses to prove more points.
The truth you know will set you free . . . only if you use it.
Let's save a life, by saving the properties...
To scam proof and loss-proof yourself in anything real estate investing, we have these 3 important recommendations for you.
1. If you've seen a land or building of your choice, let us help you run a complete verification on it before you pay.
2. If you want to buy property and you just want to give us the details of your need while we handle the purchase from start to finish; Sourcing, Verification, Valuation, Negotiation, Payment, Survey, Documentation and processing of title perfection in your name, then there you have it.
3. Buy from our properties either as an individual interested in our estates properties or as a property developer or organisation interested in verified land expanse and off taking of buildings. Send us a mail on email@example.com or contact our support line directly on +2348094442019
4. #MustHave. Get your eCopy of "REAL ESTATE INVESTING WITHOUT TEARS": The Exact Checklists Wise Real Estate Investors Are Consulting Before They Spend Even One Kobo On Buying Property Anywhere In Nigeria.
If you don't want to throw your money away and spend the next several months in Police Stations and courts trying to get it back (that's if you can), then get a copy now.
Another opportunity for you (valid only today) is, if you order today, you'll also get a free access to our other hot-selling book "WHERE THE REAL ESTATE MONEY IS"
Almost everyone knows about buying land in one remote estate or just somewhere for speculation so that it can appreciate in value over the years…
Almost everyone knows about buying a home or developing a building by themselves within a growing area in order to earn rental income or even resell the property at a profit…
What many don't know is the fact that these most popular methods are not where the real money is.
This is why our experts have put together a one of a kind practical information where just about any level of investor can make the unusual real estate money with is.
The easiest part of it is: If you are not satisfied with the contents, you have a 30 Days Money-Back Guarantee to request for your money at 100% refund, you have nothing to lose. Just send mail to firstname.lastname@example.org
50% PRICE TODAY before it reverts to the original price
In Naira: N7,700 instead of N15,400
In Dollar: $20 instead of $40
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