Sunday, May 7, 2023 –If buying land was that simple, then there would be no need of property lawyers and real estate dealers in the market. But it is not.
Investors have been losing billions every year to fraudsters fleecing them of their hard-earned money in the name of selling them fake properties. And the trend has been getting offhand, by day.
As we speak, there have been increased cases of land fraud in the country as the expansion of real estate continues to pick high.
Most towns are now filled up with both residential as well as commercial apartments; this making land prices to soar and conmen to thrive.
Buying land is not like waking up to your nearest shop to buy a loaf of bread and a packet of tea leaves. Take your time to do desired research on the real status of the plot you want to buy.
Use the neighbouring to source as much information as possible on the piece of land you are intending to exchange with your hard earned cash.
Secondly, go to the department of Lands and dig deeper into the land documents on sale. A simple search may start giving you some hope. It doesn’t stop there, take the documents to a reputable property lawyer or land dealer to scrutinise all for you. It could help a lot despite some small fee paid to the experts.
It is not bad to use a few more coins on establishing the truth on the plot you are about to buy.
Last but not least, make sure you have four witnesses atleast two from both sides to winess the land sale agreement.
Worthy of note, always buy direct transfer properties. Direct means the owner or owners are alive and have authentic Title Deeds