Introduction
Real estate investment holds immense potential for wealth creation, however in Nigeria where concerns about property fraud are growing, buyers must exercise caution to avoid scams. According to the Nigerian Institution of Estate Surveyors and Valuers (NIESV), over 60% of property disputes in the country arise due to fraudulent documentation and unclear ownership claims.
At Fhemfel Homes, we recognize that trust and transparency are the foundation of a reliable real estate market. Our approach ensures that buyers and investors have full confidence in their transactions, protecting them from financial losses and legal troubles.
This article details how we guarantee transparency in real estate through clear property documentation, rigorous due diligence, and legally binding contracts.
1. Clear and Verifiable Property Documentation
One of the leading causes of real estate scams in Nigeria involves fake or unclear property titles and documents. To address this, we make sure every of our real estate projects at Fhemfel Homes comes with legally verified documents. These include:
a. Certificate of Occupancy (C of O): This confirms government recognition of ownership.
b. Deed of Assignment: This serves as legal proof of property transfer from one owner to another.
c. Survey Plans: Clearly defines property boundaries, reducing risks of land disputes.
Beyond providing these documents, our properties have FCDA, AMAC, and Kuje Area Council approval. We also encourage our clients to personally verify them with relevant authorities, such as the Lands Registry, the Federal Capital Development Authority (FCDA), and the Geographic Information System (GIS) offices.
This approach eliminates the risks associated with land fraud and ownership conflicts, ensuring that every transaction is backed by genuine legal proof.
2. Due Diligence and Property Background Checks
At Fhemfel Homes, transparency means knowing the full history of a property before listing it. Many buyers fall victim to acquiring disputed land or properties under legal litigation. To prevent this, we conduct extensive background checks to confirm that properties are:
a. Free from encumbrances (loans, unpaid taxes, or legal claims).
b. Not under litigation or family disputes.
c. Owned by verified sellers with legitimate transfer rights.
Every of our clients receives a detailed property history, including previous ownership records, survey details, and any legal proceedings that may affect the transaction. By ensuring this level of due diligence, we provide peace of mind and protect buyers from future legal troubles.
3. Legally Binding Contracts & Buyer Protection Policies
Many real estate transactions in Nigeria lack clear legal agreements, leading to disputes and financial losses. At Fhemfel Homes, every transaction is backed by a legally binding contract, detailing:
a. The rights and responsibilities of both buyer and seller.
b. Payment terms and conditions, ensuring full compliance.
c. Clauses that protect buyers against fraud.
In addition to contracts, we offer after-sales support, assisting clients in securing:
a. Property insurance, safeguarding investments against unforeseen circumstances.
b. Investment management advice, helping buyers make the most of their real estate assets.
By providing these safeguards, we ensure that every buyer enjoys a safe, secure, and stress-free property acquisition process.
Transparency in real estate is not a luxury, it’s a necessity and we make sure to prioritize this for all our real estate projects. Whether you’re buying a home or making an investment, we are dedicated to making your real estate journey safe, smooth, and profitable.
Looking for a verified, secure, and legally backed real estate investment in Nigeria? Contact us today and let’s help you secure your dream property with confidence and peace of mind.