{"id":1590,"date":"2022-05-28T23:19:47","date_gmt":"2022-05-28T23:19:47","guid":{"rendered":"http:\/\/box5118.temp.domains\/~mercyho3\/mercy2015\/?p=1590"},"modified":"2022-05-28T23:19:47","modified_gmt":"2022-05-28T23:19:47","slug":"house-or-land-property-in-nigeria","status":"publish","type":"post","link":"https:\/\/mercy-house.com\/?p=1590","title":{"rendered":"6 Things to know about House or Land Property in Nigeria"},"content":{"rendered":"

1. Understand the Nature of the Property<\/strong><\/h3>\n

Investors want to get the best value for their money. And this often translates to the best return on their investment. With this in mind, you want to evaluate the potential growth in investment in a particular area before you throw your hard earned money at it. Growth range is between 5%-30%. Why get less when you can get more?\u00a0Choose your investment location wisely.<\/p>\n

2. Research Who is Selling<\/strong><\/h3>\n

Always keep the following questions in mind: \u201cWho is the owner of the property?\u201d \u201cWho is selling the property? Is it the owner, the owner\u2019s wife, son, daughter, or someone else?\u201d \u201cWho\u2019s name appears in the documents? Is it the current owner or the previous owner?\u201d \u201cWhat liabilities currently exist on the property?\u201d<\/p>\n

Must Check :\u00a0Lekki Gardens rolls out Summer Promo Prices!.. From Island to Mainland.. watch video!<\/a><\/p><\/blockquote>\n

3. Verify the True Owner<\/strong><\/h3>\n

Before you buy a plot of land or a completed building, be sure to conduct what is called a \u201csearch\u201d on the property. This is the process of verifying from the state government if the property in question is within government acquired properties or not and whether there are any pending litigation or other issues on the property.\u00a0The bureau of lands of Lagos state is responsible for all land related matters in Lagos state. It also has office in Government secretariat Alausa Ikeja Lagos Nigeria.<\/p>\n

4. Make Payment and Collate the Right Documentation<\/strong><\/h3>\n

Pay the property amount to the property owner, then collect the (a) purchase receipt (b) the contract of sales (c) the building plan (d) originals of other relevant documents in possession of the previous owner<\/p>\n

5. File the Documentation for Your New Purchase With the State Government<\/strong><\/h3>\n

It\u2019s important to do this step because it legally makes you the new owner in the eyes of the law.\u00a0If the property already has a\u00a0C of O (certificate of Occupancy)<\/a>, you\u2019ve got Governor\u2019s consent for it which is great. If it does not, then you start processing your C of O as soon as possible.<\/p>\n

6. Appoint An Estate Agent to Help Manage the Property<\/strong><\/h3>\n

You safeguard your investment when you do this especially if you live outside Lagos Nigeria or overseas.<\/p>\n

House or Land Property in Nigeria<\/h1>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

1. Understand the Nature of the Property Investors want to get the best value for their money. And this often translates to the best return on their investment. With this in mind, you want to evaluate the potential growth in investment in a particular area before you throw your hard earned money at it. Growth […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,19],"tags":[],"_links":{"self":[{"href":"https:\/\/mercy-house.com\/index.php?rest_route=\/wp\/v2\/posts\/1590"}],"collection":[{"href":"https:\/\/mercy-house.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mercy-house.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mercy-house.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mercy-house.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1590"}],"version-history":[{"count":0,"href":"https:\/\/mercy-house.com\/index.php?rest_route=\/wp\/v2\/posts\/1590\/revisions"}],"wp:attachment":[{"href":"https:\/\/mercy-house.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mercy-house.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mercy-house.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}