GREAT INVESTMENT STRATEGIES IN IBEJU LEKKI ESTATES

The economy isn’t as great as it used to be, but one segment of the population enjoying profitability is Cheap Lands in Ibeju Lekki investors in Lagos. Start investing in properties for sale in lekki lagos as soon as possible. Read this article to learn how to become successful with ibeju lekki estates investing.

Prior to making a real estate investment, know what kind of investment you’re interested in. Flipping real estate property may be the best choice for you. Others prefer building a property from scratch. The work involved is quite different, so it’s important you choose wisely.

You must develop a good feel for local property values. Mortgages and rental prices in neighborhoods that are local will allow you to feel how much a house is worth. When you get an idea of the local conditions, your decisions will be better informed.

Find a market you enjoy. If you specialize in one area, it will be easier to be successful. You have a better chance of success if you focus your efforts on one area.

Location is an important part of real estate investing. Property condition and other factors are usually subject to change. Properties which are located in rapidly depreciating areas will almost always result in a bad investment. Know what you are doing and make sure to research the areas around where you live.

Get to know other people who invest in real estate. It makes sense to connect with others with more experience. Having some as friends can be quite handy. You can find others through the Internet. Get on some forums and see if you can get into a meetup.

Capitalizing on low real estate prices is important when you are a beginning investor. Many people that have invested in real estate are successful because they are educated. You can also be someone good at investing if you take the information from the above article and use it.

LAND TITLE DOCUMENTS: HOW WELL DO YOU UNDERSTAND IT?

How well do you understand Land title documents necessary for real estate investment in Lagos and in Nigeria?

What is a Survey Plan?

This is a document that shows the boundary of a land. The survey plan gives a precise measurement and location properties of the land. The plan usually contain information like :

1. Name of Land Owner

2. Land size, beacons and their numbers including the geographical address or description of the land

3. A approval stamp showing the land is free from Government acquisition.

What is Government Excision?

The Nigerian Land Use Decree of 1978 that gives powers over all lands in every state in Nigeria to the State Governors. The Act as well as other laws gives the Governor over riding power acquire more lands compulsorily for its own public purpose such as amenities for the citizenry.

Its therefore customary for state government to apportion a areas of land to the Indigent owners and families (natives) of each area. This area apportioned by government to the natives or indigent families is said to have been excisised to the community, which the community can in turn sell to the public.

As a fall out, it does mean that if a land does not have an government excision title, it means the land could be seized by the Government anytime without compensating you even if you bought it “Legitimately” from the Baale or the Original dwellers on the land.

What is a government Gazette?

This is simply an official government record book where all special details are written in clear terms for record purposes. The gazette is well detailed and includes the history of every land in the state.

The document will show the communities or lands that have been granted excision and the number of acres or hectares of land that the government has given to them.

The best way to know whether a land is under acquisition or has an excision that has been covered by a Gazette is to get a surveyor to chart the site and take it to the surveyor general’s office to do a land information to confirm whether it falls within the gazette and spell out which particular location it can be found.

What is a Deed of Assignment?

This is simply and agreement that is done when a owner of a land sells his land to a buyer. The agreement is a legal document that shows that a parcel of land has been sold to an individual or company. Majority of problems usually happen when the buyer of the land does not take the document to the State’s Land registry (Alausa, Lagos State) to record the legal proof that the land has exchanged hands. Such recorded Deed of Assignment come in the form of either a Governor’s Consent or Registered Conveyance.

What is a Certificate of Occupancy?
This document is fondly called C of O . This is the most popular document that the average Nigerian knows when it comes to Land ownership or real estate dealings. It is a Certificate issued by the Lagos State Government that indicates that the state government has officially leased the Lagos land to you usually for a period of 99 years.