Who Is a Realtor?
A realtor is a licensed professional who helps clients buy, sell, or rent properties. They act as intermediaries, guiding transactions with expertise. Realtors are not property owners; they connect owners and buyers.
Roles of a Realtor
- Market properties for owners.
- Offer tailored, expert advice.
- Ensure smooth buying processes.
Understanding a realtor’s role is key to a successful purchase. It helps you navigate land buying confidently.
Why Realtors Matter
In 98% of land and house sales, middlemen like realtors are involved. One mistake can ruin your investment. As a seasoned realtor with 10 years in Nigeria’s market and an SEO expert, I’ll share essential tips to buy smart and avoid scams.
Key Tips to Buy Land Safely in the FCT
1. Define Your Goals
Clarify your budget, land use, and location. Without a clear aim, you may buy worthless properties. Specific goals ensure value and high appreciation potential. Work with a knowledgeable realtor, a trusted lawyer, and a reputable real estate company. Clear intent reduces stress and boosts confidence.
2. Ask Critical Questions
Don’t trust blindly. Ask your realtor these questions and verify answers:
- What documents does the land have? Demand a valid title deed or power of attorney.
- Who is the original allottee? Request their ID.
- Can I visit the site? If they can’t show you the land, it’s a red flag.
- Is there a registered survey? It confirms boundaries and prevents issues.
- Are there land use restrictions? Ensure the land suits your purpose.
- Any pending litigation? Avoid properties with legal disputes.
3. Know Who You’re Buying From
Focus on the realtor’s track record, not promises. Check:
- Can they deliver?
- Do they complete projects?
- Do they disappear after payment? Look for receipts, physical proof, and client testimonials. Buy evidence, not words.
4. Understand Land Types in the FCT
Know the allocation type before buying:
- Area Council Allocation: Granted by FCT area councils.
- FCDA Allocation: Issued by the Federal Capital Development Authority, more secure but expensive with valid titles.
- Government-Approved Lands: Documented for residential or commercial use, meeting regulations.
- Committed Lands: Reserved for roads or public facilities—avoid these, as they’re nearly impossible to buy legally.
Final Advice
Land is a major investment. Don’t rush or fall for sweet talk. Verify everything to protect your future. Knowledge prevents costly mistakes.