When it comes to buying land in Nigeria, many people may think that going through a real estate company is not necessary. However, there are many advantages to using a real estate company when purchasing land that can make the process much smoother and more successful. Here are just a few of the reasons why you should consider using a real estate company when buying land:
Advantages of Buying Land From a Real Estate Company
1. Access to a wide range of Properties
Real estate companies have access to a wide range of properties that may not be listed on the open market. This means that you will have a greater selection of properties to choose from, which increases your chances of finding the perfect piece of land for your needs.
2. Knowledge and Expertise
Real estate agents are experts in the field of buying and selling property. They have the knowledge and expertise to guide you through the process of purchasing land and can provide valuable advice on things like zoning regulations, land use restrictions, and property taxes. These are 17 things you need to know before buying land.
3. No Omo-onile issues
When you buy from a real estate agent, there is a fear of land grabbers popularly known as omo-onile. You can trust that the transaction will be handled professionally and any potential issues with land grabbers will be resolved by the consultants. They are experts in their field and have the necessary knowledge to ensure all fees are settled. You can have peace of mind knowing that you will not be getting into any trouble with them.
4. You will Get all The Necessary Land Documents
When you purchase land from an individual, you will be responsible for handling all of the necessary paperwork and documentation. However, when you work with a real estate company, they will handle all of the documentation for you, eliminating the need for you to contact a lawyer or handle the legal aspects of the transaction yourself.
The company will take care of the paperwork on your behalf, making the process much more convenient and stress-free for you. Read this article to know the list of documents you need when you buy land.
5. The Neighbourhood will be Well Planned
There is no fear of demolition because a real estate company will present their plans for the estate layout, including important infrastructure and the types of buildings that are permitted within the estate. This way, you can be assured that the location you choose to live in has already been meticulously planned for your convenience.
6. You Cannot Lose Your Land
There is no fear of losing your land or being stolen even though it is not fenced.
7. You can pay in instalments
Real estate companies may provide instalment payment plans for those unable to make a full payment on land, making it more accessible and affordable. However, it’s important to ensure that you are working with a reputable and trustworthy company. This is how to know a fake real estate company.
8. The Land is Well Researched
Real estate agents will help you with due diligence by researching the property and providing you with information on things like zoning regulations, land use restrictions, and property taxes. This will help you make an informed decision about whether or not to purchase the property.
9. Your Land Cannot Be Resold
Your land can never be resold without your permission even if you have defaulted on the terms and conditions of using the land.
10. Network
Real estate agents have a vast network of contacts in the industry, including lenders, and contractors. This can be helpful in finding securing financing, and getting the property ready for development.
11. Marketing
A real estate company can help you market your property once you have purchased it especially if you are into land banking. They can help you create a listing, promote the property, and find potential buyers.
FAQ
Do I Need a Real Estate Agent to Buy Land
You do not necessarily need a real estate agent to buy land. However, having an agent can provide valuable expertise and assistance throughout the process. They can provide information about the local market, help with property inspections, and assist with negotiations and closing the deal. If you are unfamiliar with the process of buying land, or if you are looking for a specific type of property, it may be beneficial to work with a real estate agent.
What are the Benefits of Using a Real Estate Company When Buying Land?
A real estate company can provide valuable expertise and knowledge about the local market, as well as help with the legal and financial aspects of the transaction. They can also assist with property inspections, negotiations, and closing the deal.
How Do I know If a Real estate Company is Reputable and Trustworthy?
Look for a company that is licensed and has a good reputation in the industry. You can also check online reviews and ask for references from past clients.
How Can a Real Estate Company Help Me Find The Right Land for me?
A real estate company can help you narrow down your search by taking into consideration your specific needs and preferences, such as location, size, and zoning. They can also provide information about the property’s history and potential uses.
Can a Real Estate Company Assist me with Financing Options for Buying Land?
Yes, a real estate company can provide information about financing options and connect you with lenders. They can also assist with loan pre-approval and paperwork.
Conclusion
In conclusion, using a real estate company when buying land can provide many advantages and make the process of buying land much smoother and more successful. From access to a wide range of properties and knowledge and expertise to financing, and post-sale support, real estate agents can provide valuable assistance throughout the entire process of purchasing land. So, if you are considering buying land, be sure to consider using a real estate company to help you find and purchase the perfect piece of property for your needs.
