Seven Essential Verifications Before Buying Land Advertised on Social Media

In the digital age, social media platforms like Instagram, TikTok, and Facebook have become bustling marketplaces for real estate transactions in Nigeria. With captivating promotional videos, tantalizing discounts, and guarantees of instant allocation, real estate companies and individual agents entice countless young professionals daily with land offers.

However, as with any burgeoning digital market, there are risks involved. In the case of real estate, the stakes can be high, making it essential for potential buyers to exercise due diligence before committing their hard-earned funds.

Here are seven critical factors to verify before parting ways with your money when purchasing land advertised on social media.

1. Land ownership: Ensure that the individual or company offering the land is the rightful owner. Request official documentation such as a Certificate of Occupancy or Government Allocation Letter to verify ownership.

2. Location: Verify the exact location of the property. Visit the site in person or conduct thorough online research to confirm its proximity to essential amenities like schools, hospitals, and roads.

3. Title documents: Obtain a copy of the title deed or gazette for the land to ensure that it is not subject to any disputes or encumbrances.

4. Legal compliance: Check that the land has been duly approved by the relevant government authorities and is free from any violations of planning and building regulations.

5. Survey: Commission a professional land survey to confirm the boundaries, size, and shape of the property.

6. Price: Compare the advertised price with market rates for similar properties in the area to ensure that it is reasonable.

7. Reputation: Research the background of the individual or company offering the land. Check online reviews, testimonials, and ratings to gauge their reliability.

By verifying these seven factors, potential buyers can minimize the risks associated with purchasing land advertised on social media and make informed decisions.