Inadequate due diligence before purchase is like trying to acquire a car from an auto dealer or independent seller without seeing his driver's license and vehicle paperwork. You're fully aware of the consequences of driving without the original proof of ownership from the prior owner. If you want to purchase some land, you will have to follow the same guidelines. It is important to see a bill of sale before buying something, especially if it's used property.


Even better: You should see some of the absurd things that I hear like, "Oh, it's my aunt who is selling the land, and I know her, or it's my coworker selling the land, so I just sent money into his account since I know him." Really!!! When making an important financial decision like paying for land to a non-blood relative who they've known for a long time, it doesn't make sense to just write them a check without drawing up a contract, documenting the relationship, or making other arrangements to ensure a lasting relationship with this person.

In many cases, property purchasers fail to make a budget before beginning their search. Even if you have a good sum saved, make time to understand any additional fees that come with buying a property and will likely be charged to you in some manner.
It astonishes me when people call me and tell me they are in a situation because they didn't do their research and they bought land, not knowing what they had, and now they're worried about getting a notice from the Land Bureau Office stating that they are encroaching on illegal government lands and must vacate them.

The primary motivations for finding out who the land belongs to include checking the present owner, how they obtained the land, why they're selling, what is compelling them to sell, whether there are any legal or dispute-related matters that require an unqualified buyer to acquire it, and to find out if they have insufficient documentation for the land.

You'll need to study the land to see whether it is a decent plot that is not subject to government acquisition, if it is, if it's involved in a communal or legal issue, or if it violates any restrictions.

Lastly, you must also investigate all of the documentation that the owner is required to have, including such things as an assignment deed, a sale contract, a C of O, governors' consent, and more. The checklist is extensive, but it needs to be done to make sure you're completely satisfied with the title. You must hire a land verification specialist because that's the only way you'll have the peace of mind you need.

Since Our company was founded, we have seen all sorts of scammers and we've been able to save many of our clients (Nigerians both in the country and abroad countless) millions of dollars by catching fraudsters who use schemes and complex deals that mislead customers who have no idea of their lies and what will happen to them.In

Please be careful if you are planning to follow in the steps of the brave explorers who first bought land on the Moon, as you may run into a conflict like they did and then face severe trouble over the validity of your land ownership, as the first claim may be nearly impossible to defend in a foreign, lawless land.

Below are some expenses you need to keep in mind:

a. Legal fees- 5% of the cost of the land


b. Agency Fees- 5% of the cost of the land


c. Survey Plan- (usually above N100,000-N400,000) Depending on the location of the land and state.


d. Cost of signing the documents- ( A very strange tradition in Lagos but nonetheless something you cannot escape paying)


e. Cost of putting up a fence to secure your land immediately you purchase it


f. Cost of perfecting your documents with the Government at the Land Registry such as a C of O, Governors Consent, Ratification fees, Survey Land information etc.

Need assistance or FREE CONSULTATION, call Engr. O. A Victor on 08106048203
Email: valuecreekglobal@gmail.com