D-realtyguy

Money is hard to come by these days due to the challenging economy. Owning your own land or home is a need in life, and working hard and being determined to save money to do so is a testament to those qualities. So the best thing you can do for yourself is to avoid ruining everything by making a rash property purchase without first ascertaining the legalities surrounding the ownership and status of the land or house. In truth, I have seen and heard stories of how people lose money in millions after purchasing landed properties because they didn't do the needful with regard to the legalities surrounding the ownership and status of the property. When it comes to buying or investing in landed properties, it is very important to take legalities surrounding it seriously because they usually involve significant sums of money and can have long-term consequences. There are many legalities that can be involved in real estate transactions, including issues related to property ownership, z...

Going by my personal research and also having listened to life stories from the older generation, I can truly come to the conclusion that tons of people lost out on buying/investing in profitable real estate in the past due to the fact that they allowed their lack of FORESIGHT to get the better of them, that is why anytime I have the opportunity to talk to people about real estate investing, I do advice them not to make the mistake of not buying or investing in a particular real estate at a particular time as far as it is a well selected one that ticks all the right boxes of a genuine property with verifiable documents, so as for them not to figure out some years later that investors who keyed into the opportunity have made a pure profit of over a 100% return on their investment.  Looking backwards, investors that could see the future in the ’70s bought lands in the Ikoyi part of Lagos that were selling for less than 2 Million naira and would confidently sell it today for over 300 ...

  If there’s one sector that you don’t want to get defrauded in, that’s real estate. Why? Well, because it usually involves large sums of money.  Would you like to know the red flags you should watch out for when making real estate transactions and deals?. Regardless of the answer I'm getting from YOU. I will avail YOU with the RED FLAGS all because I have your best interest at heart. All I want for YOU is to have a successful and profitable real estate investment journey without WAHALA. Knowing what to watch out for so that you don’t get defrauded is very necessary when making real estate transactions and deals. You don’t want stories that touch, do you? And aside from knowing what to watch out for, it is equally important that you do your due diligence to avoid falling victim to real estate scams. Herein are top 5 RED FLAGS to watch out for when going into any Real Estate investment!. Unverified documents: Real estate transactions are legal transactions and as such, they req...

  You owe it to yourself to at least be educated about the different types of real estate investing. You could find yourself asking “Is buying land a good investment?”. Well, I’m not saying that buying land is the ‘be all end all’ of investing, but you should definitely be open to including it in your portfolio and I will tell you why you should do so. HEREIN ARE THE REASONS WHY BUYING LAND IS A GOOD INVESTMENT Land Increases in Value   You can purchase a valuable and quality piece of land for let's say 1 million naira. If you do your due diligence properly and make sure that the piece of land is in a path of growth, it could be supremely attractive to future developers and you could sell that land for as much as x5 the amount you bought it. Land is a Tangible Resource   If tomorrow the world decided that money was just a useless piece of paper and has no value, land will still be something . It will be something tangible and physical that is YOURS, regardless of...

Do not buy land if you are yet to read this piece. Every state has a master plan for development and all of these developments will be done on land. If you have read news or heard of the state government destroying buildings, it is because they did not meet up with the appropriate building standards or they were built on committed land. And that's why knowing the land status of that land you want to buy is very "IMPORTANTER" so as to avoid “STORIES THAT TOUCH”. Normally, when you want to buy a land you should find out the status of the land. Go to land registry, check the title document on that land. Take the survey and go to a surveyor general’s office and find out if that land is free or committed and safe to invest in. As one might be propelled by the wonderful and tempting location, fantastic price and desire to own property, there is the need to take all necessary steps and precautions, by investigating the vendor’s title, go for physical inspection of the prope...

The only way to ensure that the land/ property to be purchased in a transaction has a good title is to conduct a complete and thorough search. A title search is the process whereby the ownership and claims on a piece of real property are evaluated before a transaction can take place. It is important to conduct search and necessary due diligence when purchasing a land or property to clear any doubts, ambiguities, and confusion. The necessary search to be conducted before real estate transaction can take place are as follows: Conducting a search at the Land Registry where the property is situated; doing this reveals the true owner of the land and also reveals if there is any encumbrance such as government acquisition, mortgages, or any form of leasehold on the property. Search at the Probate Registry: This discloses whether probate has been given on any estate; who the administrators of the estate are; or to determine the executors of a testator in a situation of properties belonging to...