Top 5 Tips on How to Avoid Falling Victim to Land Fraud

The rate at which Nigerians get scammed when its comes to land issues is extremely alarming and the reason is not far fetched. Unsuspecting Potential land buyers have failed to realized that land scam agents are now more innovative in their criminal acts and because of their own desperation to own a land, they easily fall victims of land scam.

To avoid had I know and to help reduces stories that touches the heart that might arises from the activities of land scammers, lets take you through our top 5 tips on how to avoid falling victims to land scam agents and double-dealing homeowners.

Go For Physical Site Inspection

Never make payment for a land you have not physically inspected. No matter how beautiful or attractive the land being advertised appears, before you pay for it, you must make sure you see the land physically. Watch out for inscriptions, signage, caveat emptor etc so as to be sure you are not paying for another man’s land.

Don’t rely on just pictures and sweet words because there are so many other important things the picture or advert won’t tell you such as topography of the area, closeness to major infrastructures, future prospects, ease of access etc.

Never put yourself in a situation where you have to pay for a land that you have not created time to inspect as it increases your chance of getting scam easily.

If for one reason or the other you can’t visit the site, (this applies to those outside the country) you can send someone whose judgement you fully trust to carry out a physical inspection for you on the land before you part way with your hard earn money.

Request For The Documents That Covers the Land You Inspected

After you might have inspect the property and you have ascertained that its does have any encumbrances, the next thing to do is to request for the documents that covers the property. The survey plan and the deed of assignment are the most vital documents that shows proof of ownership. If you’re not too good with land document verification, you can employ the service of a property lawyer or your surveyor to help you with it.

The process of land document verification can be complicated and sometimes you need to leave it to professionals to handle as it is easy for them to spot loopholes.

Do not ever listen to a land seller’s opinions about the title and documents of land in their possession without you doing proper due diligence on them. Do not make yourself an easy target for land fraudster.

Don’t Be In A Rush To Close Land Deals!

One of the antic of the land scam agent which most unsuspecting land buyers often fall for is that they tend to rush you into making payment for the land they are selling to you.

They make you see that the offer is for a very limited time and that if you do not take the opportunity in good time, you might lose out on the deal to another buyer.

A good deal is not worth rushing. When I first stated as well, I fall for this tactics and you too can fall victim most especially when the deal appears to be too cheap.

Before you part with your money in any land deals, buy yourself some time by verifying the owner’s and land agent numerous claims over the land or property. Do not let them surprised you into making decisions you would end up regretting.

When Its Appears To Be Too Cheap To Be True, Don’t Deal

From experience, sometimes when the land deal you are about paying for appears too cheap then you need to be very very careful in dealing. One of the determinant factor to price of property is location.

When the price of the property land agent are offering you in a particular location is far below the normal price that properties goes for in such location then you need to start asking questions except if the seller is selling under duress  or he/she is a closed relatives.

You Need A Trusted Real Estate Link To Stay Out Of Land Scam

It is advisable never to deal in real estate without a trusted link as your real estate deal is as good as your link to such property. Your link should be a real estate professional who can easily spot loopholes in your real estate transactions because of their wealth of experience within the real estate space.

A good and reliable real estate professional will ensure you get the best value for your money.

One Response

  1. Anonymous
    Anonymous at |

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