REFRESH YOUR BRAIN WITH REAL ESTATE BASICS

REAL ESTATE REFRESHER COURSE

Having brief information about your product and services is key in every business.

Understanding the terminologies help you gain balance while prospecting

Plot sizes and measurements

Plot

Plot means a portion assigned to a person or client either in full, quarter or half. Plots are measured either in square meter or feet.

The standard measurements of plots of land in real estate are classified into the followings

Master plot
Classic plot
Basic plot

Master plot.
648sqm(60ft X 120ft)
Or 600sqm(50ft X 100ft)

Classic plot
450 sqm (45ft X 120ft)

Basic plot is 324 sqm (30ft X 120ft) or 300sqm (25ftX 100ft)

Title Documents and meaning
Certificate of Occupancy

A Certificate of Occupancy, also known as the C of O is a document issued by state governments in Nigeria to landowners and property buyers as a legitimate proof of ownership. This document also spells out what the land can be used for; residential, commercial or mixed development.

The government is constitutionally mandated to issue the Certificate of Occupancy because all lands in the state are vested in the Governor of the State. This is clearly spelt out in the Land Use Act 1978.
I will dwell more on C of O and Survey while explanations on others will be brief

Benefit of C of O

*Makes the person named on the document the exclusive owner of the land

* Prevents a situation where a single property is claimed by multiple owners

*Prevents the government from repossessing the land or property, but this is ultimately subject to the overriding control of the state government

*It is acceptable as a security or collateral for loans from banks and other financial institutions

*It is a widely used to resolve land disputes that arise from ownership tussle

*It is a very crucial document during mortgage transactions

Deed of Assignment

This is a legal document which state the transfer of ownership from the company to the buyer. It is an agreement between both parties showing evidence that the company has transferred the right to the buyer

Gazette

This is an official record book where all government details are spelt out, detailed and recorded.

A Gazette shows the communities or villages that have granted excision and the number of acres or hectares of land that the government has given them

Governor’s Consent

This is the approval that must be given by the governor of a state or his delegate in any transaction that has to do with the transfer of ownership or Interest over land or landed property in order to make the transaction valid

Excision

This simply means taking part from a whole and that the part has been excised will be recorded and documented in the official government gazette.

Meaning some parts given to the community to sell while government takes some parts

Deed of Conveyance

A deed of conveyance is a written instrument through which title of a property is passed the owner of the property to the buyer.

Survey

This is another important title document that helps to reveal the true ownership status of any land.

It is a document that shows the boundaries and exact measurements.

There are two types
Ordinary survey is the blue copy after charting the land.(blue copy) this means it hasn’t gotten to the ministry

Registered survey is the red copy. Here the land surveyed has gotten to the ministry of environment for approval.

survey plan must contain the following information:
1. The name of the owner of the land surveyed

2. The Address or description of the land surveyed

3. The size of the land surveyed

4. The drawn out portion of the land survey and mapped out on the survey plan document

5. The beacon numbers

6. The surveyor who drew up the survey plan and the date it was drawn up

7. A stamp showing the land is either free from Government acquisition or not.

Note: The shape or the boundaries are not defined. It could be of any shape which comes with coordinates.

Hope your you had a refresh of your knowledge with this educating content? We’ll like to have your feedback.

REAL ESTATE MILLIONAIRES SECRET REVEALED | BECOME A MILLIONAIRE

*Here’s What many did not know about Victoria Island*

What if my parents had the insight to buy into Victoria Island back then? Well,….that’s a story for another day.

Last week Tuesday, I set out for a site inspection of the much talked about *New Lagos – Ibeju Lekki* along with the team of *Billionaire Realtors Group,* we covered the Ibeju Lekki axis.

I marveled at the sight of several of organisations, developments and opportunities springing up there.

Few minutes from Eleko Junction, I saw the very popular *Amen Estate* (if you are a follower of Jennifer’s Diary, it’s the estate used as the major location of the soap opera) which now sells for N17m…right inside Ibeju Lekki.

We drove up 2 minutes and we came across *Shoprite’s new site (already fenced)* that will serve Ibeju Lekki inhabitants and visitors in few years time.

We journeyed up to the massive *Lekki Free Zone* that is stationed to bring international trade closer.

Can you see what am seeing?

We continued up and we got to *Dangote Refinery* still under construction with lot of activities up already. And another new development is already in place – *the 3 lanes expansion of the expressway has began*. By the way, have you seen the master plan of the smart city development at Ibeju-Lekki? It’s a Lagos State Govt. and Dubai deal, signed by Gov. Akinwunmi Ambode.
Meanwhile, am not through…

Beside Dangote Refinery, we have *Dano milk, Power Oil and Kelloggs* already operating in this our New Lagos. On the other side of the road, we have *Lekki Sea Port* still under construction.

As if we’ve not seen enough, we drove up again until we came across *Oriental Hotel’s new site* that will lodge travelers landing at the *new international airport* along the Lekki-Epe Expressway.

We visited the natural sea resort destination *La Campaign Tropicana* where you get to appreciate nature at it’s finest – a serene resort away from the hustle and bustle of the Lagos city.

These are just some of the notable areas within Ibeju Lekki that I came across in just a day visit. There are still lot more top organisations of different sectors that are positioning their sites there in preparation for the big one – *The New Lagos*

I hope you can foresee what your property will be worth when you have this top guys as your neighbours and have you thought of the class of people that will also stay here?

*That plot of land you get today will appreciate to N60m in no time.*
We have several estates currently selling with different titles. It holds a C of O, Gazette and Government Approved excision , registered survey and Deed title and it’s perfectly situated at areas such as Ibeju-Lekki some minutes before Eleko junction and Amen Estate. Do you want more details?

Your friends and colleagues hesitating today would be wowed at the success of your investment there…

Remember yesterday it was Ikoyi, Victoria Island, today it is Lekki, Ajah and tomorrow the concentration will be focused on *Ibeju Lekki – The New Lagos.*, do you still think it’s far? Smart investors never called Lekki phase1 or VGC far back then, ask VP Osinbajo.

*The best time to own a part of Ibeju-Lekki was years ago, the next best time is now.*

Click to contact us for inspection and further details or  Call/Whatsapp Haxzzallian Properties on 08078327661

Click here View our Investment friendly estates here

THE SECRET YOU MUST KNOW BEFORE YOU INVEST

Do you want to invest in real estate but doesn’t know which to choose, here are some few secret that will help.

-Check the title of the land, because the title determines the price e.g C of O, Excision e.tc

-The development in the area

-The neighbourhood

-private firms investment in the area

-Government project(proposed or completed)

-Road network & development

-Electricity

All this things contribute to property value appreciation. You can talk to Haxzzallian Properties on 08078327661 or visit http://estatealert.heweb.org to make the best Real estate decision today

Tastefully Finished 2 bedroom all rooms ensuite apartments located on orchid hotel road | Chevron Lekki

Tastefully finished 2 bedroom all rooms ensuite apartments located on orchid hotel road, 2nd Lekki toll gate chevron Lekki lagos.

Features

– All rooms ensuite
– Kitted kitchen
– Modern tiles fitting
– Serviced Apartments
– Car space
– Wardrobes fitting

Title – Governor’s Consent
Price: N25m

<a href=”http://estatealert.heweb.org/contact-us/”>Click to contact us for inspection and further details</a> or  call/Whatsapp Haxzzallian Properties on <a href=”https://api.whatsapp.com/send?%20phone=%20+2348078327661″>08078327661</a>

GRACIAS GOLDSTONE, SANGOTEDO AJAH

Are you on the look out for 1 & 2 Bedroom Apartments that are second to none as regards the comfort, ambience and functionality required for a residential apartment? Then Welcome to Gracias Goldstone in Sangotedo.

The tranquility and aesthetics in and around this estate make it a home for all.

For investors, rental income acruable from this apartment is amazing, as its location is central to major landmarks.

LOCATION:
Off Monastery Road, Behind Novare Mall (Shoprite)Sangotedo.

NEIGHBORHOOD:
• Novare Mall Shoprite
• Catholic Monastery
• Jubilee Estate
• Diamond Estate
• Lagos Business School
• Caleb British International School
• Artican Beach
• Skymall Sangotedo
• Lufasi Nature Park
• Other Fenced & Gated Estates

TITLE: C of O

SERVICE PLOT:
600sqm: N20,000,000 (Total Package)
400sqm: N15,000,000 (Total Package)

HOUSE PRICES:
(SEMI FINISHED) Outright
1 Bedroom Apartment – N10,500,000
2 Bedroom Apartment – N12,500,000
3 Bedroom flat – N19,000,000
3 Bedrrom Terrace – N22,000,000
4bedroom Terrace – N23,000,000

6 months payments plan attracts 5% interest

12 months payments plan attracts 10% interest

(FULLY FINISHED)
1 Bedroom – N13,000,000
2 Bedroom – N15,500,000
3 Bedroom flat – N24,500,000
3 Bedroom Terrace – N30,000,000
4 Bedroom Terrace – N35,000,000

6 months payments plan attracts 5% interest

12 months payments plan attracts 10% interest

For inspection and further details kindly call

Oasis Garden Epe Lagos

 

Oasis County is a fenced estate, 100% dry land and it’s a ready to build land. Its located right in the heart of epe town.

Location – Poka, Epe, Lagos State.

Title (Free Hold) Deed Of Assignment, Registered Survey (C of O in view)

Price: N1.5million per plot.

AVAILABLE INFRASTRUCTURE:
1) Easy Road from the Highway to the land
(2minutes drive)
2) Electricity
3) Security

NEIGHBOURS:
– Ambode Housing Estate
– Atlantic Hall school
– Epe Resort
– Justice Oguntade Estate.

For more inquiries, send a DM or Call/Whatsapp-