How to buy a property securely in Nigeria while living abroad
You have likely considered buying a home in Nigeria while residing overseas in the USA, UK, Canada, Australia, Germany, Dubai, etc but are scared to fall victim to scams. For people living in the diaspora, buying a home in their home country is an investment, a pension, a gift for a loved one, or just somewhere to hang their hat when they retire. However, purchasing real estate while residing abroad can seem intimidating, The following list of pointers and recommendations should help you steer clear of potentially expensive issues:
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Choose the right property
A lot of people have a good idea of where they want to buy property but lack the choice of the type of house for them or the right location to buy the property. In any case, be sure to work with a very competent estate agent if you are unfamiliar with the neighbourhood in which you are purchasing. You will be spending all your fortune if the agent is expensive because a bad real estate investment might wipe out all of your savings. You must research to understand what you want and visit our listing platform to get the right agent. Our listing platform offers you insight into the selling prices of properties and a free virtual tour of the properties listed on our site so you can have a personal feel of home inspection without even being physically present. We ensure that our verified agents provide buyers with a full survey of the properties they are purchasing.
ALSO READ: Major Red Flags to Look Out for When Buying a House
Choose the right lawyer
The importance of having competent lawyers act particularly on your behalf during a purchase is frequently emphasized, but many people still choose to utilize the lawyers that agents recommend. We would strongly advise that you employ the services of a lawyer who is not in any way related to the realtor as objectivity is important in transactions. If you utilize our partner’s escrow services, we ensure that you get a very reliable and transparent process with competent and verified lawyers experienced in international real estate transactions. These lawyers ensure every document is fully translated and are meticulous about the details
Choose the right escrow
In the realms of real estate and finance, escrow is essential to guaranteeing the safety of both buyers and sellers. It’s crucial to comprehend how escrow operates, whether you’re buying a house or other goods and services, to protect your interests. Choosing the right escrow service is an important decision when buying a home, as it involves entrusting a third party with your funds or assets during the business transaction. With the right escrow, like Safeburse, you can rest assured that buying your property in Nigeria, whether you reside abroad or not, is as easy as a piece of cake.
ALSO READ: Why you should consider an escrow company before buying a real estate property
Choose the right agent/realtor
Selecting the ideal real estate agent is a crucial choice that will greatly influence how your property purchase turns out. The expertise and experience of your agent impact the success or failure of your real estate transaction. Clearly defining your property goals is essential before you begin your search for the ideal real estate agent. Throughout the entire process, your goals will act as a compass, assisting you in making well-informed selections and selecting an agent that shares your aims. To make this easy for you, you can visit asvilo.com to select the realtor of your choice.
Controlling expenses
Property purchases can be expensive. Make sure you have enough money set aside to pay for all expenses, including those related to legal representation, estate agents, surveys, banks, and other incidentals like travel expenses for inspecting your purchase and potential advisory fees. Owning a property may be a very profitable kind of investment, but it’s crucial to get it right. Make sure you approach the process with an open mind and curiosity.
In conclusion, you can reach out to us via email to guide you through the process of buying your home in Nigeria from any part of the world.
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