Home buying in Lagos Nigeria is somewhat different from the rest of the world because Nigeria is a peculiar country with a peculiar history.
The concept of buying a home is, in fact, not popular at the moment except among the enlightened class. Most people prefer to buy a land and go through the rigors of building their homes themselves.
If you're enlightened enough to want to buy a home instead of building one, then you should be a smart home buyer.
You can be a smart buyer even if you're a first time home buyer.
Follow the smart home buying tips below.
My goal in providing these home buying tips is to help you avoid being scammed of your hard-earned money.
These tips will ensure you get value for your money. At the same time you will have the most rewarding home buyer experience.
1. Do not be in a hurry to pay
Scammers tell unsuspecting home buyers that several buyers are in the process of paying for the property they're interested in in order to stampede them into making payment.
These scammers will often tell you to pay for the property
immediately to avoid losing the house to another buyer.
Do not be in a hurry to pay. Take your time. Evaluate the home or property. Return in a
day or two to re-evaluate the property with fresh eyes.
If the deal doesn't sound right, it's probably not right.
2. Invite A Third Party
The excitement of home buying can get you all carried away and make you anxious to PAY
NOW and get the deal over with.
To avoid succumbing to that temptation, invite a pair of fresh unbiased eyes to look at the
property alongside you.
This third party could be your wife or a family member you trust to tell the truth.
3. Make Sure The Property Is Not On Government land
A home built on state land will eventually be pulled down by the state government when
she needs the property. And you won't get compensated.
So, ensure the property is not on state-acquired land.
4. Confirm The Identity of The Property Owner
Real estate scammers sell property indiscriminately using fake identity and documents. Be sure the seller is the property owner.
Property buying Lagos Nigeria is a wonderful experience. But be a smart Lagos Nigeria buyer by confirming the identity of the owner.
Remember . . .
So, be careful.
5. See All Documents Related To The Property Before You Pay
This is self-explanatory.
Do not buy a property without getting all the documents related to the property. Ensure you get the original not duplicates.
6. Cover The Transaction With A Legal Document
Get a qualified and trustworthy lawyer to prepare carefully-worded legal documents covering the transaction. And ensure all parties to the transaction sign the appropriate sections.
7. Use Trustworthy and Credible Witnesses
That speaks for itself. Trustworthy witnesses means trustworthy transactions.
8. Use a Home Inspector
A home inspector is an expert at home inspection (or property inspection). He will see things you won't see when you go look up a property.
A home inspector comes with a standard checklist to ensure he does not miss out anything. Most home inspectors are engineers and often do a good job.
Sure, you will have to pay a home inspector for his home inspection services. But what you pay him his a small fraction of what you could lose if you buy the wrong property.
NOTE: My team provides home inspection services. My engineers do a thorough job.
8. Use A Trustworthy Real Estate Agent
Many real estate agents are in for the money. They abandon you once they've collected the commission due them.
Consequently, many are anxious to have you pay (a false move) so they can collect their commission and go for the next client.
That is a bad way to do business. This is where my team and I are different.
Customer satisfaction is our watchword.
We match your needs with the properties available at the time of inquiry so your property buying is fulfilling and pleasurable.
If a particular property is not right for you, we tell you just that.
Of course, we get our commission for every deal but that is secondary. Your satisfaction comes first.
Why is that important?
Simple. If you're satisfied, you will come again. That is repeat business. You will also tell your friends and family. That is more business.
Your Lagos Nigeria real estate buying experience should be a pleasant one. It should leave a pleasant taste in your mouth and a worthy inheritance for your kids.
P.S: The ebook, "Strategic Real Estate Investing - 7 Killer Strategies To Invest Creatively In Lagos Nigeria Real Estate" teaches you how to become a smart real estate investor. Click HERE to learn more about the ebook.