The year has started and soon you will be seeing different real estate companies and realtors proposing one property or investment to you but before you rush into making any buying decision please equip yourself with correct and adequate information about the industry, product, or the company first
To avoid falling victim to a real estate scam in Lagos in 2023, there are several steps you can take, and here are the steps you should take:
1. Research the property and the people involved: Check the property’s title to ensure that it is legitimate and that the person selling it is the actual owner. Research the person or company offering the property to ensure that they are legitimate and have a good reputation.
2. Use an experienced and reliable real estate agent or realtor: If you are working with a real estate agent or realtor, make sure that they are experienced and reliable. Ask for references and check their track record before working with them.
3. Be cautious of any offer that seems too good to be true: If the price of a property seems too low or if the seller is offering an unusual deal, it may be a scam. Be especially cautious of any seller who asks for a large amount of money upfront or who is unwilling to provide documentation or proof of ownership.
4. Don’t pay for anything in advance: Don’t pay any money upfront or sign any documents until you have thoroughly researched the property and the people involved. If you are asked to pay a deposit or any other fee, make sure that you receive a receipt and other necessary documents to proof
5. Seek legal advice: If you are considering a real estate transaction, it is a good idea to seek the advice of a real estate attorney or other trusted professional. They can help you understand your rights and obligations and ensure that the transaction is legitimate.
6. Go for inspection: Before you invest in any property whatsoever make sure you inspect the property either in person or send a trusted friend or family member to do that for you. And in case you don’t want to involve in any of those do a virtual inspection and ask a good question about the location where the property. Inspection is very key in decision-making because all you see in video marketing is not always the same as when you are present at the location physically.
By following these steps, you can protect yourself from real estate scams and ensure that you make a safe and successful real estate investment.
Source: Facebook / Austine Temitope Oladejo