FAQ
FAQ
Frequently Asked Questions
How to Become a proud Homeowner?
Becoming a proud homeowner is within reach! Start by assessing your finances, getting pre-approved for a mortgage, and defining your ideal home. Partner with a real estate broker or consultant, explore properties and negotiate wisely. Once you find the perfect match, seal the deal, and embrace the joys of homeownership.
What is C of O?
A Certificate of Occupancy (C of O) is a critical legal document issued by a government authority to certify a property’s lawful ownership and compliance with specific land use regulations and building codes. In real estate, this document serves as proof that a property meets the required standards set by local authorities for habitation or development.
What Is Governor's Consent?
Governor’s Consent is a crucial legal document in real estate transactions, particularly in Nigeria, granting the government’s approval for the transfer of ownership rights from one party to another. It validates and authenticates property transactions, especially land-related transfers.
This consent is obtained after obtaining a Certificate of Occupancy (C of O) and signifies the state governor’s endorsement for the transfer of interest or title in land. It’s an essential step for individuals or entities seeking to change ownership, assign or lease land in certain areas, and finalize property transactions.
What is Residential properties?
Residential properties encompass homes, apartments, condominiums, or any real estate intended for dwelling purposes. These properties are designed and developed to provide living spaces for individuals, families, or households.
What is Commercial Properties?
Commercial properties refer to real estate specifically designated for business, commercial, or income-generating purposes. These properties are designed to accommodate various businesses, enterprises, or commercial activities.
What is Statutory fee?
In real estate transactions, statutory fees often include charges like stamp duties, property registration fees, land transfer taxes, and other government-imposed levies. These fees are calculated based on factors such as the property’s value, location, and transaction type
What Is Registered Survey?
A registered survey in real estate is a vital document that provides an official and accurate description of a property’s boundaries, dimensions, and geographic features. Conducted by a licensed surveyor, this survey is registered with the appropriate land registry or government authority, providing legal validation and authentication.
Freehold?
Freehold in real estate signifies outright ownership of a property and the land it stands on, providing the owner with full rights and control without a time limit. This ownership grants the individual or entity the freedom to use, modify, and transfer the property as they see fit within the bounds of legal regulations.
What is Land Banking?
Land banking involves the strategic acquisition of undeveloped land with the intention of holding it for future use, development, or investment. It’s a practice where investors or developers purchase parcels of land in anticipation of its increased value over time due to various factors such as urbanization, infrastructure development, or changing market demands.
This investment strategy aims to capitalize on the potential appreciation of land value in growing or developing areas. By carefully selecting and holding land in strategic locations, investors seek to benefit from future market trends and demand for properties.
Can I Ask You for Advice?
Of course, feel free to ask for advice! Whether it’s about real estate, general life decisions, or anything else you need guidance on, I’m here to help. What specifically would you like advice on?
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The future belongs to those who Invest Today.
Absolutely! Investing today lays the foundation for a prosperous tomorrow. Those who take action now are the ones who shape their future and create opportunities for success. Start investing today to build a brighter tomorrow!