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Frequently Asked Questions
questions on our properties
It has the following titles:
1. Deed of Assignment
Our Odogwu Garden Estates are in the following places
1. Oba, Anambra state beside Oba airport.
Our properties does not have issues, they are all free from Government’s acquisition because due research is been conducted before we acquire any property.
The size of the plot varies depending on the place in question
Physical allocation will be done 3months after all required fees are completed.
Receipt, acknowledgment letter and contract of sale will be given immediately after full payment for the property.
The property will be put on sale and 20% will be deducted.
There will be no physical allocation.
Yes, the road is motorable.
Real Estate Investment questions
Begin by defining your investment goals – whether for rental income, capital appreciation, or both. Research emerging locations with growth potential, verify property titles, and consider starting with affordable options like land or off-plan properties.
The required capital varies based on location and property type. In emerging areas, you might start with as little as ₦500,000 for land. However, properties in prime locations will require significantly more.
Risks include purchasing properties with defective titles, falling victim to fraudsters, market volatility, and unforeseen regulatory changes. Conduct thorough due diligence and consult professionals to mitigate these risks.
Both have their merits. Land is generally more affordable and appreciates over time, especially in developing areas. Developed properties can generate immediate rental income but require more capital upfront.
A reputable real estate company can guide you through property selection, due diligence, negotiation, and post-purchase services, ensuring a smooth investment process.
Property Procurement questions
It involves identifying suitable properties, verifying ownership and titles, negotiating terms, and completing legal documentation to transfer ownership.
Key documents include the Certificate of Occupancy (C of O), Deed of Assignment, Survey Plan, and Purchase Receipt.
Conduct a search at the Land Registry, engage a licensed surveyor to inspect the property, and consult a real estate lawyer to review all documents.
Common issues include purchasing from unauthorized sellers, acquiring properties with encumbrances, and neglecting due diligence, leading to legal disputes.
The duration varies but typically ranges from a few weeks to several months, depending on the complexity of the transaction and the efficiency of involved parties.
Land Banking questions
Land banking involves purchasing undeveloped land in anticipation of future value appreciation due to urban development or infrastructural projects.
Yes, especially in rapidly developing areas. Investors have seen significant returns over time, but success depends on location selection and patience.
Look for areas with planned infrastructure projects, proximity to urban centers, and signs of governmental or private sector interest.
Risks include purchasing land with disputed titles, delays in area development, and potential legal issues. Due diligence is crucial.
Typically, investors hold land for 5-10 years, but this can vary based on development pace and market conditions.
