They are
a number of things property buyers or agents must be aware of before they
venture into acquiring a property. Therefore, the following rules have been
listed out to aid your success:
·
Rule
number one and the most important rule: TRUST NO SELLER OR AGENT NO MATTER WHAT
UNTIL YOU HAVE GOTTEN YOUR DOCUMENTS SIGNED, SEALED AND DELIVERED.
·
Don’t
believe all the Marketing jargons from Sellers or Agents till you have done
your own personal search to confirm. The more they tell you they have a good
track record for sales done properly, the more you should be prepared that you
might be the first person where things will go wrong and your money will
disappear.
·
Every
land you are interested in, always and i mean always ask for these documents:
a) The Survey Plan
b) The deed of Assignment and how
the property was transferred from time immemorial to the present day Seller:
c) Copy of the Original receipt the
Seller used to purchase the land and from whom he bought it from
d) Copy of either the gazette, C/O
or governors consent of the land.
- If possible visit the property personally or send a representative you trust. Never buy a property directly from a property magazine or website without you seeing it personally or sending your representative to see it and comment on it.
- Never trust any Omonile who brings out any document for a property that you can see that is quite new but the documents are old looking.
- Always be wary about properties that are fenced. Try to get to the bottom of it why the so called seller fenced the property and he is ready to sell because he might be selling you another man's property.
- Whenever you see foundation on a property, always demand for the building plan approval to confirm unless they might be selling you another man's property.
- Always demand for the survey plan for a fenced property and try and trace the beacon numbers either on the ground or on the wall and compare them with what you have on the survey plan and compare the date the survey plan was made and drawn and the name on the survey plan.
- Never be in a hurry to buy a land and don't let the agents or sellers push you till you have completed your search and convinced all is well unless when you're pushed, you part with your money and you won't see both the agent and seller again.
- Always try and visualize a person selling a multi million naira land and his personality. Someone that looks like a person that hasn't counted or seen N500,000 EVER CANNOT CLAIM TO BE AN OWNER OF LAND THAT RUNS FOR MILLIONS.
Please, Please and Please
Investigate the Owner and the documents thoroughly. Don’t skimp on the search
fees it could save your bank account and family savings. I get it all the time
people shouting they can’t pay N50,000 for search but are ready to throw away
N2 Million and above and later come back to cry to me where things went wrong.
Reference
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