Nigeria’s property market is hot, but so are the scams. We’ve heard too many stories of individuals who lost money to bogus agents, lands with multiple owners, and other such pitfalls. In such a market, the million-dollar question is: how do you determine what’s real? At Pryme Point Real Estate, we believe that educated buyers make the best decisions. So here are six ways to confirm whether that “sweet deal” is the genuine article or a wolf in sheep’s clothing.
Ask for Proper Land Documents and Review Them
The most important thing to check is the documents. Be it a C of O (Certificate of Occupancy), Deed of Assignment, Governor’s Consent, Survey Plan, or Excision; make sure you see the documents. Then, don’t just stop there. Go ahead and confirm them at the state land registry. At Pryme Point, we deal with verified properties only. Our clients don’t need to chase files; we help them verify everything beforehand, so there are no surprises later on.
Know Who You’re Dealing With
This is simple: if you don’t know who is selling the land, don’t pay. Is it a registered company? Do they have a physical address? Can you visit their office? Do they even have an office? At Pryme Point, we encourage visits. Our team, our facilities, and our files are available for inspection. If the seller is avoiding face-to-face meetings or pushing you to “pay now before price goes up,” that’s a major warning sign.
Beware of Deals That Are Too Good to Be True
If the price is much lower than similar lands in the same area, there’s a reason. Maybe the land is under acquisition, in dispute, or doesn’t even exist. Ask questions. Demand proof. We always counsel our clients. It is better to pass on a “cheap” deal than enter into a bad one. At Pryme Point, we guide buyers with current market information, so they know when something doesn’t compute.
Don’t Pay for What You Haven’t Seen
Go and see the land before you pay for it. Physically. Look at the location, access road, topography, and even engage with locals if you can. Some people have bought “plots” only to find they are roads, swamps or an empty promise. We take clients on scheduled site visits so they can see exactly what they’re paying for. No guesswork. No surprises.
Demand a Written Contract and Receipt
A legitimate deal must be in writing. You should have a signed contract that indicates the parties, payment terms, and what happens if something goes wrong. Besides, always get receipts for any amount you pay. At Pryme Point, our attorneys handle each contract. It’s how we take care of you and take care of ourselves. When a vendor says to you “don’t worry, we’ll draw something up later,” that’s your cue to walk away.
Buying land or property in Nigeria is a big investment. It’s your money, your dream, and your future. So take your time. Do your research. Don’t let sweet talk or urgency confuse your judgment. At Pryme Point Real Estate, we keep it real. No underlying issues. No funny documents. Just clean properties, honest answers, and guidance every step of the way. If it’s not legitimate, it’s not Pryme.
