HOW TO AVOID BEING SCAMMED IN REAL-ESTATE

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how to avoid real estate scam in Nigeria

Scams are not an unusual occurrence when it comes to the Real-estate Industry in Nigeria and in similar parts of the world. The demand for housing and Real-estate has relatively been on the high in recent years with demand skyrocketing supply.

The issue of fraud in the real-estate industry is not just a Nigerian problem, it is rather a global problem

Prospective clients should be aware of and understand how to effectively curb these problems, one of such ways is by working with a respectable, authentic and reputable real-estate company, one of such real- estate companies with acclaim in Lagos is Victoria crest homes who are putting out houses for sale in Lekki and other parts of Lagos.

A lot of prospective real-estate customers seeking to buy a house in Lekki or any other place are usually very concerned about being duped or falling into the hands of so-called ‘419’ agents, as cases of ‘omonile‘ who re-sell an already sold property to another client or clients as the case might be or agents who have been known to sell land in the developmental phases to totally new unsuspecting clients who will later be stuck in a legal battle most time for years over the ownership of such a land.

Another issue dealt with is the issue of forged or duplicated documents. which might have been presented to unsuspecting clients as the original.

But exactly how can you identify these fraud cases in regards to land and how can you solve these problems

 

  • Do not be overly emotional or  torn apart with excitement in the course of

transacting a real-estate deal as this could hinder you from making a very sound judgement or decision especially when such offers look too good to be true.

Be careful when the prices are too cheap or the houses for sale are worth more than the value being proposed. Do not just jump into a real-estate dealing for the sake of less money, infact, this might just mean you might be spending more in the long-run .

 

  • Be sure of all details and contractual agreements guiding the process: involving a 

Real-estate agent or lawyer would be a very wonderful idea in this kind of set-up as they would be able to identify possible loopholes occurring in the course of the agreement and would be able to provide relevant fixes to it.

 

  • Do not complete a transaction until you have checked and are fine with all the 

tenses and conditions of the agreement, you have certified that the building has structural integrity and do not seem in an hurry to just pay for the property as this might pass you up as desperate and make you an easy prey for fraud, 

  • Finally, deal with a respectable real-estate company with a pedigree of integrity in 

the real-estate industry.

One of the most trusted real estate companies in Lekki is Victoria crest homes with houses for sale in Lekki in areas such as Victoria crest estates, Victoria Nest, Victoria Bay, Alexandria Terrace and Victoria Terrace, Ikoyi 

2 Comments

  1. Thanks for the great manual

  2. This is actually helpful, thanks.

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