HOW TO VERIFY A LAND IS GENUINE IN NIGERIA��

Prevention they say is better than cure. You should verify a land before purchase and not buy a fraudulent land and spend hundreds of thousands to save your investment. When buying a new home or landed property in Nigeria it is essential you get your facts right and be well-informed on the nitty-gritty involved before you cash on the investment. This write-up highlights what you must look out for during your land verification especially in Nigerian cities like Lekki, Ajah, Ikoyi, Ibeju-Lekki, Port Harcourt, Abuja etc. It deals specifically with land transactions between a reputable real estate company/agents and individuals or group of individuals.

There are quite a lot of things to look out for and a number of verification you need to do when you want to acquire a home or land property especially in a very competitive terrain like Lagos, Port Harcourt and Abuja.

Land and property are one of the greatest investments of Man and Real estate is one of the most potent means of fraudulence. With the high rate of real estate scam and the hassles of potential land transaction hazards popularly called Land Grabbers, it is advisable to do land transactions through a reputable and reliable real estate company and you must have a good land surveyor/estate agent/lawyer who would help you help you do a proper land verification so as to ensure a problem-free transaction.

These documents are the most important aspect of your real estate transactions and there really no land verification you will be doing without verifying the authenticity of the documents used for the transaction which can range from receipts of transaction, survey plan, deed of assignment, contract of sale, layout plan, power of attorney to certificate of occupancy And if there happens to be a flaw, it could spell doom to that land transaction. You might as well be losing your hard earned money even before the real land transaction begins because you did not run a land verification.

In real estate , doing due diligence (investigation), probing the validity and authenticity of property is a must before you roll out the cash, so you don’t go crying blue murder! when the deed is done. These days victims of fake lands and fake papers have become more than the land in question because they failed to do their due diligence as regards land verification.

Real estate scam artist usually throw a bait in form of a mouth-watering offers and then watch their unsuspecting victims fall for it. There is no follow-up or due process involved from the supposed victim before investing in the land or property in question.

Having said that, there are some guidelines to follow judiciously that would help you with your verification. Here are a few things you should always do when considering to buy any landed property in Nigeria:

1) Know the company: Visit the real estate company’s office you are dealing with or visit their website for their Terms & Conditions (also known as FAQ). This will give you useful insights into their activities and fore-knowledge on the site you are interested in.

2) Schedule Inspection: There is need to see the site in question physically and not base your knowledge of the site on hearsay. Invariably you should book an appointment and visit the site.

3) Get the land’s Coordinates: It is also essential you go to the site with a plan in hand; it is not an adventure or sight-seeing except you don’t have genuine plans of acquiring the property. Hence, when visiting the site, please go with a Land Surveyor who will use a GPS to pick the coordinates of the site and cross check with relevant State Authorities as to the claims of the developer.

4) Cross check the coordinates: Ask for a copy of the survey plan and let the Surveyor help you cross check it with the coordinates he must have picked when you visited the site together.

5) Verify the land’s title documents: Ask for the Excision file number (since they said it has been opened and verify the position of the Excision processing from relevant State authorities.

6) Try to get the going prices of similar landed properties in the area and compare to make your choice.

©️ From the experts

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