7 Mistakes You Must Not Make When Buying A Land

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7 Mistakes You Must Not Make When Buying A Land

By: Bisi Adewale

7 Mistakes You Must Not Make When Buying A Land
1. NEVER BUY A LAND IN A DISPUTED AREA
Land is Limited in size and the demand for it is on the increase on a daily basis. This has given upper hand to dubious landowners who sell the same plot(S) of land to more than one person thereby causing a legal battle between two innocent people who have committed their resources to it. Before paying for a land, make your findings very well about the land. Walk round the land ensure there are no broken blocks at the site. Don’t ignore signs like “this land belongs…..” or “ this land is not for sale” when buying a land. All this are signs of a disputed land. That is a sure way of avoiding fraudulent land owners.

7 Mistakes You Must Not Make When Buying A Land
2.NEVER BUY A LAND WITHOUT PROPER INVESTIGATION
Don’t ever buy a land in haste. Investigate very well. Get to know the history of the land. Make findings about the original owner and if it is a family land, make sure all the families concerned are deeply involve before payment lest you pay to one and another family member shows up to prevent you from taking possession the land. With this problem, you may end up paying twice for the land before it is released to you.

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7 Mistakes You Must Not Make When Buying A Land
3.RUN AWAY FROM ANY LAND OR HOUSE WITH THIS INSCRIPTION;
THIS HOUSE/LAND IS NOT FOR SALE “
Whenever you see this inscription, it signifies a legal battle over a particular land /house. It also means two or more people are fighting over the ownership of the land in question. Please don’t join them. Don’t throw your money down the drain. No matter how good it looks, it isn’t worth it, don’t buy it. If you do, you will regret it.

7 Mistakes You Must Not Make When Buying A Land
4.AVOID PAYING TO AGENTS
After concluding all necessary investigation and you have made your mind to pay, please don’t make the mistake of paying to the property agent. Though, the agent is the middleman between you and the owner of the property. Get to meet the property owner one on one and make the payment to him. Even if it is a cheque, let it be paid in his name directly into his account for record purposes. Avoid paying to the agents because some of these agents are fraudulent and could collect money from two parties for same piece of land, then abscond. Please beware.

7 Mistakes You Must Not Make When Buying A Land
5.NEVER FAIL TO INVOLVE YOUR LAWYER AS THIS WILL SAVE YOU FROM FUTURE PROBLEMS
Your lawyer know what to do, to save you from buying problematic lands. You should be ready to spend for the legal services. Landed property will definitely outlive the owner which is why you must not joke with documentation. Engage the services of a lawyer during investigation, payments and documentation. Lawyers know what you don’t know and they may save you from future dispute on the property.

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7 Mistakes You Must Not Make When Buying A Land
6.COLLECT YOUR RECEIPT AND TITLE OF THE LAND IMMEDIATELY.
As soon as payment is made, collect your receipt, deed of assignment and title of the land. That is why it is better to ensure that the documents are ready with the landowner before payment is made. It is a grave error for you to pay and they ask you to come for collection of receipts and other documents another day. You may not believe this but it may be the beginning of problems with the property.

7 Mistakes You Must Not Make When Buying A Land
7. NEVER ABANDON THE LAND
After payment for a land, take possession immediately. Clear the land; erect a pillar or a fence. Do something to signify that the land is now occupied. Don’t abandon the land for too long. Even if you ‘re not ready to build now, give it to someone who can be using it for farming, block making etc Just make sure the land is not idle and create time personally to inspect the land at intervals. Abandoning a land for too long may give opportunity to dubious landowner to resell the land to another person with the instruction that building should commence immediately. By the time you will come back, you will have


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