Land verification is an integral part of any real estate transaction. When purchasing a land in Nigeria it is of utmost importance that you are well-informed on the details involved before you pay in cash for it. There are quite a number of things to look out for when you want to acquire a land in Nigeria. The modern day advent of real estate scam, potential trouble from thugs a.k.a omonile and fraud as made it quite necessary to carry out real estate transactions through a verified real estate company and reputable professionals like a lawyer, land surveyor and a real estate agent. Hiring professionals is important because they will assist you to do a proper land verification so as to avoid hiccups in the nearest future.
There are also vital documents that are quite important part of your real estate transactions. These documents are:
- SURVEY PLAN
- EXCISION
- GAZETTE
- CERTIFICATE OF OCCUPANCY
- DEED OF ASSIGNMENT
- GOVERNOR’S CONSENT
- RECEIPT
None of the above documents can be substituted for the other. Each of the documents must be verified by experts in order to confer true ownership of the land. There are some guidelines to follow that would help you with your land verification. Below are the tips you should consider before you purchase any land in Nigeria:
- Use a verified real estate platform in other to avoid been scammed by fraudsters.
- Request for a copy of the survey plan and let the Surveyor help you cross check it with the coordinates
- Ask for the excision file number of the intended land in order to check if the land is available
- Ensure you allow your lawyer to check the documents involved in the real estate transaction
- Ask for the counsel of your real estate agent about the land
Verification is very critical in any real estate transaction. Buying a land without a verification process is a highly risky venture. Kindly share your thoughts below with other PropertyPro readers.
