Site Survey at Imota, Ikorodu

WOES OF ACQUIRING LAND IN LAGOS STATE – OMONILE ISSUES

Over the years I have seen and heard stories of people who struggled to acquire land, acquired land and struggled to keep it, acquired land and lost it, acquired land and never set eyes on it. The stories are just too many. Investing in real estate is usually straight forward but in Lagos, sometimes, it can be unnecessarily difficult. You need to investigate, use professionals…

The Most Important Element in Real Estate Transaction

THE MOST IMPORTANT ELEMENT OF A REAL ESTATE TRANSACTION

There are several pitfalls in acquiring real estate but there is one that is extremely important to avoid. I have come to realize that the most important thing in a real estate transaction is to buy from the right person. The importance of every other thing in a real estate transaction pales in comparison to this. Mistakes in most other things can be corrected. If…

Boundary Survey at Okun Ajah

BUYING PROPERTY WITHOUT INFORMING YOUR FAMILY MEMBERS OR FRIENDS

I have never really understood why people abroad buy land/property without informing their family members or friends. I believe it is mostly due to trust issues but I wonder which is safer – to completely trust a seller who you don’t know well or your family member or friend you have known for years. People who do this often find that when there is a…

Last Will & Testament in Property Matters

A WILL DOES NOT CONFER PROPERTY TITLE ON BENEFICIARIES LISTED IN IT.

Some people invest in real estate solely for the sake of their children. In fact, I know a man who doesn’t have a single property in his name. Every property he owns is in the name of his wife and children. In the Holy Bible, Prov. 13:22 says: a good man leaves an inheritance to his children’s children. So leaving an inheritance for your children…

Court judgment

READ THIS BEFORE YOU MARKET OR BUY A PROPERTY WITH COURT JUDGMENT TITLE

Last month, I had two separate discussions with 2 of my realtor friends about Court Judgment in property transactions. The first one called me and said he had a client who wanted to purchase a parcel of land in Epe and the client said he was told by the seller that the title the land has is court judgment. He was confused and wanted to…

Lands for Sale

REAL ESTATE MARKETER, DO YOU KNOW WHAT YOU ARE SELLING?

These days a lot of people are into some form of real estate business. In the past 5 years, thousands of Nigerians have become real estate marketers. That’s not a problem. It’s actually a very good thing because real estate marketing is a good source of income and besides, in Nigeria, we have a massive housing deficit. The problem is that recently, unscrupulous elements are…

Terrace Duplex

CONSIDER DOING A JV

Some people have parents, uncles and aunts who acquired land in developing areas many years ago. These places that were called developing areas back then have become highbrow areas today. Lands that they bought for less than N1m are now worth many times more. These people have become multi-millionaires by reason of the value of their properties but they don’t have millions in their bank…

Collapsed wall fence

Monitor your Construction Project

If you are willing to work hard to make money to build your own house, you should equally be willing to monitor every stage of its construction. In the past year, I have seen 5 different cases of people who wasted money on their building project because of poor construction work. The first case is a compound of 2 buildings constructed in an estate in…

Revolution Plus Realtors Conference

7 Takeaways from Revolution Plus Realtors Conference 2020

1. In Lagos, no place is “too far” to invest in land. From my experience, I know this is very true. I have driven to Ikorodu from Ajah in less than 1hr 20mins on a Sunday morning. Recently, it took me less than an hour to drive from Ajah to Ode Omi, Ibeju-Lekki. Ode-omi is after Dangote Refinery and Lacampagne Tropicana Beach Resort. It borders…

Building Collapse

LAND SURVEYORS CAN HELP REDUCE BUILDING COLLAPSE IN NIGERIA

Two recent stories in the Punch Nigeria newspaper show that building collapse is still rife in the country. According to the first story, Nigeria recorded a total of 43 building collapse cases in 2019. This is quite high. Despite the efforts being made by the government to curb this menace, the number of building collapse cases hasn’t reduced. In the second story, the National Assembly…