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Over the years,Β I have had clients who sadly bought lands that ended up becoming bad news as they were lands they should not buy at all.
This is why I want to put this out before you commit your hard earned money to buying that landed property.
If you are planning to buy a landed property anywhere, these are the five (4) kinds of properties you shouldΒ NEVERΒ buy.
1. COMMITTED LAND:
A parcel of land that is committed has been earmarked for use by the government. For instance, if the Government plans to build a hospital on a parcel of Land, then the Land is committed.
These lands are untouchable and cannot be registered for use by individuals or corporates. If you buy this kind of land mistakenly, there is nothing anyone can do to get the Government to release them to you.
2. AGRIC LANDS;
Unless you are buying this land for farming, You should avoid Agric lands. Agric lands are those lands that have been earmarked by the Government strictly for farming.
If you buy this kind intending to use it for residential purposes, the possibility of getting a Title is very slim if non-existent.
3. UNTITLED LAND:
Before you buy any Landed Property the first thing you should request to know is the Title document. Knowing the types of documents available is also important.
Do not buy any land without a Title document; that is a red flag. You don’t know what you are buying into.
4. LANDS WITHOUT A SURVEY PLAN:Β
A survey planΒ is proof that a Landed property exists. It shows the coordinates, and boundaries of the land. You must request for the survey plan before buying any landed property.
5. LANDS THAT HAS EXCISION IN PROCESS AS ITS TITLE:
Excision in progress simply means thatΒ the land is still in the process of being released, partitioned, or formally granted to the indigenous communities, families, or real estate development firms and this is not guaranteed because its solely depend on Government interest on the location of that landed properties or building. Watch out for more details in our next newsletter where we will be discussing majorly about lands titles
Do you know that your better chances of not buying these kinds of Lands, is if and only if you indulge yourself or companies in the service of a Professional Real Estate Consultant likeΒ Hanifar Dynamic Company LimitedΒ that can conduct due diligence before allowing you to buy any landed property or building for water purpose you or you company needs it for.!!!
Are you Seeking for a genuine and safe landed Property to buy in Nigeria that will give you that consistent cashflows and maximum returns on investments (ROI)?
Are you looking to own one or more properties in these best locations in Nigeria?
Do you want to achieve your desire of becoming a Smart Landlord and Landlady in the major cities of Nigeria?
I encourage you to send a direct message toΒ Hanifar Dynamic Company LimitedΒ so that we can help you acquire more wealth legally in a meaningful way consultation is free anyways.
The Evolution of legal money doubling starts here!!!