1. Define Your Purpose and Budget
- Clarify whether you’re buying for residential living, commercial use, or long-term investment.
- Create a realistic budget that includes the cost of the land/property, legal fees, survey plans, agent commissions, and any potential development.
2. Engage a Trusted Real Estate Company or Agent
- Choose a registered and credible real estate company with proven experience, especially in working with diaspora clients.
- Ask for verifiable references and check their online presence and customer reviews.
3. Conduct Land or Property Verification
- Verify land documents: Certificate of Occupancy (C of O), Deed of Assignment, Gazette, Survey Plan, etc.
- Confirm property status at the State Land Registry or relevant survey offices to avoid buying disputed or government-acquired land.
- If you can’t inspect in person, arrange a virtual tour or send a trusted representative.
4. Conduct Due Diligence with a Lawyer
- Hire a professional real estate lawyer to cross-check documents and confirm legal ownership.
- The lawyer should investigate any encumbrances, disputes, or legal claims on the property.
5. Secure a Purchase Agreement or Contract of Sale
- Draft and sign a formal agreement outlining all transaction details: property description, price, payment terms, and timelines.
- Ensure all parties sign the agreement in the presence of legal representatives or witnesses.
6. Process Title Transfer and Documentation
- Ensure the seller provides the Deed of Assignment and Survey Plan.
- Start processing your Governor’s Consent or Certificate of Occupancy if applicable.
- Register your documents at the appropriate State Land Registry.
7. Monitor and Manage the Property
- For clients abroad, engage a trusted property manager or development company to maintain the property.
- Consider fencing, site supervision, and development services to secure your investment long-term.
By following these steps, you reduce the risks associated with property fraud and secure your investment with peace of mind.
Need Help? Contact a reliable real estate consultancy experienced in diaspora transactions to assist you throughout the process.
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