Purchasing a home is one of the biggest financial decisions one will make in life. Owning a home is a big commitment; it can be a smart long-term move or otherwise, so, you want to know what you are getting into.
But, as exciting as the prospect of becoming a homeowner is, there are a lot of things to consider.
If you think virtual reality is only for those in the video games and entertainment industry and nothing more, then you’re still living in the past. Virtual Reality (VR) is rapidly changing the way architects, real estate developers, and interior designers design and market their projects and ideas to clients. Until now, interior designers, developers and architects relied on renderings, drawing skills, intuition and the costly process of trial and error to present design concept…
Real estate is a relationship-driven, people-facing profession, and as such, the industry is one of the most affected with the turbulent effects of COVID-19. It is hard to land a sale or rent a property without the buyer/renter doing property inspection. But with this pandemic called corona-virus, that can be a very hard undertaking to carry out at this time! But there is a way to still take potential client for property inspection even in…
Choosing the right real estate agent is one of the most important decisions one will make when buying or selling a home. It is becoming a standard practice in the real estate world for home-buyers/renters to contact agents who will act as a form of intermediary. Purchasing a home is a huge financial commitment, so finding the right real estate agent to guide you through the process is crucial. But with so many agents in…
As a real estate agent or realtor, exposure and credibility to your targeted market is of paramount importance. You want to expose your properties and services to potential clients, while assuring them of the peace of mind that doing business with you is both safe and professional. One important tool to aid you achieve the above two objectives (credibility and exposure) is online visibility especially through a professional website. Most Nigerian estate agents don’t have…
Virtual Reality (VR) is one of the raging and futuristic technologies shaping modern businesses especially in the real estate industry. This technology innovation in project/property visualization and interaction is changing the processes of designing, buying, selling and managing properties across the world. It is a powerful marketing tool. As a forward-thinking real estate professional, you cannot afford to miss on the great opportunities VR can be to help push your business to its next level!…
HUTBAY.com, one of the emerging PropTech companies in Nigeria, rebrands and launches a revamped and simplified property portal.
PropTech (property technology) is the use of information technology (IT) to help individuals and companies research, buy, sell and manage real estate. Similar to the way FinTech focuses on the use of technology in finance, PropTech uses digital innovation to address the needs of the property industry.
About The Nigeria Real Estate Summit & Expo (NIRESE) The Nigeria Real Estate Summit & Expo (NIRESE), in its 7th edition, is Nigeria’s most important real estate event and gathers the most influential players from the industry for a full day of trade, networking and learning through premium conferences and dedicated exhibition zones. NIRESE 7.0 is scheduled for July 18, 2019 at the Eko Atlantic City, (Former BarBeach), Ahmadu Bello Way, Victoria Island-Lagos, The Exhibitions:…
Buying land in Nigeria is one of the common property law transactions, which is administered by various legislation depending on the jurisdiction in Nigeria. Conveyance, as it is known, is the process by which ownership of land is transferred between a seller and a buyer. This can include both residential and commercial land transactions.
Thus the most common way of proving ownership of a land is the production of a document of grant or title. This method entails providing any of the following document; Deed of Assignment/ conveyance, a Deed of gift, a legal Mortgage, and a Certificate of Occupancy. As such it is important that a person intending to buy a land must make sure to instruct his lawyer to perfect the title of the land or property.
DOCUMENTS REQUIRED FOR LAND PURCHASE IN NIGERIA.
During the process of purchasing a land, there a number of crucial documents required from the seller in order to effectively validate the transaction. These documents are necessary as they are evident of title which the buyer possesses in relation to the land. It is important to note that there are different types of land documents in Nigeria. These documents include:
When purchasing land or property in Nigeria, a prospective purchaser of any property (or normally his solicitor) should have two main concerns:
First, he or she must be sure that the vendor of the property is really entitled to sell it. Thus, the buyer must first insist that the vendor proves that his legal title to the land is good and that he can pass to the purchaser the land/ property which he is offering to sell.
