Nigerians In Diaspora: How to own a property in Nigeria

The real estate industry is a gold mine and the majority of Nigerians in the diaspora, are taking advantage of it and milking it. However, while some are making a lot of money through real estate investment because they know how-to, some are being swindled by either land scammers, family members, or friends.

Let’s face it. Real estate investment in Nigeria is risky and it requires a lot of bravery and expert knowledge in the field to succeed.  If you have this, you can make a lot of money through real estate in Nigeria regardless of where your location. However, if you don’t, it could be disastrous – resulting in you losing a lot of your hard-earned money. So you need to tread with caution when investing in real estate and seek guidance from a real estate professional.

No doubt real estate investment in Nigeria is risky; especially when you are not in the country to oversee the whole buying process yourself. Yes, it is risky, but it is doable. As a matter of fact, it is very possible and People have been doing it and are still doing it without being swindled by real estate scammers.

Thanks to technology that has made the world a global village. Distance is no longer a barrier, As you can purchase real estate properties in Nigeria legally from any part of the world without being present. However, there are some guidelines you need to follow to be successful.

So in this article, I will be sharing with the guidelines we have been using at Bethel realtors to sell properties to our clients in the diaspora.

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Buy From A Reputable Real Estate Company

The best way to invest in real estate in Nigeria is to invest through a reputable real estate company in Nigeria like Bethel realtors & management limited. Thanks to the internet which has made communication and research easier and faster than ever before. So can easily source for a real estate company online and carry out research on them. All you need do is simply go online, search for real estate companies in Nigeria. And a list of real estate companies will pop.

Take these names and do some research on the companies. To do this, go to their social media pages and check their reviews – If it is positive or negative. If you are still not convinced with the reviews, go to Nairaland(Nigeria’s Wikipedia) and ask people about the company. Trust me you will definitely get response and advice from nairalanders.

Take A Trip To Nigeria

If you are still not convinced about your finding, or you just want to take care of the project yourself, Take a trip back home to Nigeria to oversee your project because nobody can manage your affairs more than you can. It will only take a couple of weeks to inspect the land, pay for it, and get a receipt. But one thing is certain, whether you are in Nigeria or overseas, you still need to buy your properties from a reliable real estate company to avoid being swindled by land scammers.

So you see, buying from a reputable real estate company is key to a successful real estate investment in Nigeria. Don’t forget we Bethel realtors and management limited remain your number one destination for acquiring problem-free land in Lagos state. Here is the best part, when you buy from us, you do not need to wait for months for your property to be allocated to you. We offer instant allocation to all our clients. Once your payment is complete, the property is yours for life except of course you choose to sell it.

But if you cannot come to Nigeria to do the inspection yourself, No problem. There is an option we have used for our clients in diaspora and it has worked very well. So I will recommend it to you to request for…

Video Inspection.

Technology has really changed the way we live and conduct business. As they say, videos don’t lie. Instead of spending much money on a flight ticket to come to Nigeria for inspection, you can request for a detailed video of the property in question.

This will help you see things for yourself. You get to see the land – if it is dry/swampy or waterlogged as this is very important. With video inspection, you get to see the environment too before making payment.

Note: You should have a reliable eye witness so that the video of an eye witness is not shown to you.

This is what we have been doing for Nigerians in the diaspora. After watching the detailed video of the house, they ask questions if they have any.

Get The Survey/Coordinates for the land

After the video inspection, if the client is satisfied with what he/she has seen in the video, you can send your surveyor to pick coordinates and charts of the land. Most times they go ahead and we close the deal.

So when they have made their decision to go ahead, we send them…

Soft copy application and they make the payment from Overseas. However, some who have serious trust issues – which I totally understand because of the high rate of real estate scammers, We advise them to send over their Lawyer/real estate consultant.

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Conclusion  

If you are a Nigerian in the diaspora, and you are thinking of investing in Nigeria, I bring you good news. Real estate is the best investment for you. Not car, not the stock market. But real estate! and here is why…

Over the years, despite the unstable economy, Nigerian real estate has been the only tested and trusted investment that has helped investors grow their wealth because of its nature – properties appreciate over time. So If you buy A landed property today at the rate of N6,000,000, you may sell it N12,000,000 in 5 years’ time. Which is a 100% ROI.

If you would like to grow your wealth with real estate in Lagos state with peace of mind, contact us @Bethelrealtors Suites 201 & 202 Akord shopping mall bogije, Elemoro Ibeju-lekki, Lagos state. You can call/Whatsapp us 0902…

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