A user on NL, Lawyer has shared the dangers of buying a property in Lagos State.
It reads:
Imagine your dream home – a beautiful house in Lekki or Ajah. You’ve saved for years, finally affording this symbol of success. But then, your worst nightmare unfolds. Bulldozers arrive, reducing your most expensive purchase to rubble in minutes.
Why? Because you had no valid claim to the land the house was built on. This horrifying reality is facing many Lagosians due to faulty property documents. This isn’t a rare occurrence. Lagos is riddled with property fraud and illegal construction. These seemingly beautiful homes could be built on disputed land, have hidden mortgages, or lack government approval.
Why is this happening? Many houses lack proper titles like a Certificate of Occupancy, Governor’s Consent or Building Approvals. Developers and Dubious House Sellers may prioritize flashy Exteriors to lure you in with stunning interiors, but the foundation crumbles under legal scrutiny.
Here’s why buying a house in Lagos can turn into a horror story:
1. Emotional Hook: Gorgeous online listings blind you to crucial details.
2. Missing Paperwork: The developer hides the lack of a Certificate of Occupancy or Governor’s Consent or Building Approvals
3. Empty Promises: Partial payments to the government are used to create a false sense of security.
4. Demolition Day: Your dream crumbles as bulldozers arrive.
5. Financial Ruin: Losing your home is devastating. Reimbursement? Forget it. The developer likely has no money, and lawsuits are expensive and time-consuming.
6. Emotional Trauma: Witnessing your investment destroyed is a soul-crushing experience. The fear of losing everything you’ve built hangs over you.
7. Public Humiliation: Becoming a victim of property fraud exposes you to ridicule and financial ruin.
8. Millions Vanish in Minutes: You spend a fortune, only to lose it all when the house is demolished.
9. Living in Fear: The constant threat of demolition hangs over your head, destroying any sense of security.
10. No Compensation: Even if the house is demolished, you have no legal right to compensation from a fraudulent developer.
Why risk millions? Don’t be a statistic! Before investing your life savings, protect yourself with thorough due diligence.
Don’t be Blinded by Beauty: A gorgeous interior is meaningless if the land is mired in legal disputes or government problems.
Ditch Instagram Dreams: Don’t fall for emotional marketing tactics. Focus on legalities, not aesthetics.
Remember: A little patience and professional help can save you from a financial nightmare. Don’t let your dream home turn into a pile of rubble.
Don’t be the next victim of property fraud. Protect yourself from heart-wrenching tales of loss and devastation. Your hard-earned money deserves better. Don’t gamble away your future foolishly to impress the wrong people.
