REAL ESTATE IN NIGERIA
REAL ESTATE IN NIGERIA
As a Real Estate company in Nigeria, we take great pride in providing value for our clients. If you’re new to the world of real estate, you might have some common questions about buying, selling, or investing in properties. Don’t worry; we’re here to help! In this guide, we’ve curated the most frequently asked questions and provided straightforward answers to assist you on your real estate journey. Whether you’re curious about the home-buying process, looking to sell your property, or considering real estate investments in Nigeria, we’ve got you covered. Let’s dive in and explore the ins and outs of the exciting real estate realm!
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The Real Estate market has lots of investment opportunities. Here are some of them:
- Real Estate Investment Trusts (REITs)
- Land flipping
- Open space leasing
- Property development
Here are some reasons why real estate is considered a good investment.
- It provides a continuous stream of income.
- It generates financial stability and guarantees financial security.
- Real estate can be enhanced to increase its market value.
Property Sales take typically within 30-45 days.
Real estate transactions in Nigeria are risky and could expose innocent buyers to fraud. Therefore, employing the services of a reputable property lawyer could protect you against the risk of real estate transactions.
The process of purchasing a property requires a lot of important paperwork from the seller to effectively validate the transaction. These documents include:
- Approved Land
- Survey Plan
- Deed of Transfer
- Purchase Receipt
- Occupancy
- Certificate
- Power of Attorney
Here are some things you should look out for, during a home inspection.
- What does the exterior look like
- Look out for roofing issues
- Check out every room
- Check if there are plumbing issues
- Are there electrical issues with electrical outlets and appliances.