Buying property in Nigeria while overseas could be complicated, but with the right plan and trustworthy professionals, you can make a safe and profitable investment. We at Fhemfel Homes understand the concerns of Nigerians overseas and are committed to making you feel at ease buying Nigerian real estate from anywhere around the world. We have created a step-by-step process to help you make a safe purchase from anywhere in the world.
1. Define Your Property Objectives
• What is the purpose of the purchase?
• Do you require land or a finished house?
• Which locations in Nigeria are you considering most? (e.g., Lagos, Abuja, Port Harcourt, or emerging markets like Ibadan and Uyo) Having a purpose helps you make informed decisions.
Making well-informed decisions is facilitated by having a clear objective.
2. Carry Out Extensive Research
It is crucial to comprehend the Nigerian real estate industry.
Investigate:
• Land ownership laws and rules;
• Verified real estate firms with a solid reputation;
• Property values and trends in the area of your choice;
To keep informed, interact with experts, participate in online property forums, and read real estate blogs.
3. Collaborate with Reputable Real Estate Companies
Collaborate with trustworthy real estate companies like Fhemfel Homes to steer clear of frauds. A reliable business should:
• Have verified office locations;
• Be legally registered;
• Offer references from happy customers;
• Provide a portfolio of previous transactions.
Always check a company's reputation on social media, internet reviews, and with Nigeria's Corporate Affairs Commission (CAC).
4. Confirm Property Records
Make sure the property has the appropriate legal papers before paying:
• Occupancy Certificate (C of O): Verifies ownership
• Survey Plan: Defines the boundaries of the land;
• Deed of Assignment: Transfers ownership rights;
Before moving further, have a real estate attorney perform due diligence and confirm these documents.
5. Make Use of Reliable Agents in Nigeria
If you can't be there in person, designate a trustworthy representative, like:
• A dependable relative;
• A qualified real estate advisor;
• A lawyer
Make sure they can operate in your best interest and are informed about real estate deals.
6. Request Video Inspections and Virtual Tours
Fhemfel Homes is one of several real estate companies that provide virtual property tours through the following methods: video calls; pre-recorded video walkthroughs;
• Real-time online examinations
From overseas, you can use this to view the property directly and make well-informed selections.
7. Secure Payment Processing
Steer clear of cash transactions. Use safe payment options including online escrow services that release funds after document verification or direct bank transfers to the real estate company's official account.
• Legal contracts that include payment receipts for documentation
Payments to an individual's account should never be made unless they are part of a legally binding transaction that is being handled by an attorney.
Are you trying to purchase real estate in Nigeria? For professional advice and a safe investing process, get in touch with Fhemfel Homes right now.
Fhemfel Homes
One of Nigeria's top real estate and consulting firms, Fhemfel Homes focuses on safe property sales, investment advice, and property management. For Nigerians living abroad who want to engage in the Nigerian real estate market, we offer customized solutions.
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Email address: info@fhemfelhomes.com
House 4, 14 Road, 1st Avenue, Gwarimpa
For real estate listings and advice, follow us on social media! @Fhemfelhomes