Introduction
With the high demand for property in Lagos, fraudulent transactions have become common. Many buyers have fallen victim to scams, losing their hard-earned money. Here’s how to avoid becoming one of them.
Warning Signs of Property Fraud
• Seller refuses to show original land documents.
• Inconsistent property history or ownership claims.
• Unrealistic prices that seem “too good to be true.”
How to Verify a Property’s Legitimacy
1. Check Land Documents: Ask for a C of O or Governor’s Consent.
2. Verify Ownership at the Lagos State Lands Bureau: This ensures the seller is the rightful owner.
3. Engage a Lawyer or Real Estate Consultant: Professionals can help you cross-check documents and negotiate safely.
4. Do a Physical Inspection: Visit the property before making any payments.
Conclusion
By taking these precautions, you can safely invest in Lagos real estate without fear of being scammed.