Disclaimer     Advertise on this site     Contact Us     About Us

Sponsored links:       Brian Tracy       careersnigeria - connecting job candidates with recruiters




Go Back   StockMarketNigeria.com Forums > Foreign Investments & Special Funds > Nigerian Real Estate
Calculator Register FAQ Members List Calendar Search Today's Posts Mark Forums Read About us

Nigerian Real Estate Land and property investments in Nigeria.

Welcome to the StockMarketNigeria.com Forums.

Free Ebook

Welcome to StockMarketNigeria.com, Nigeria's foremost online investors forum.

You are currently viewing our boards as a guest. This does not allow you access to the FREE resources we have to give away. By registering on our free online forum, you'll get the popular Ebook "The Beginners Guide to Investing in the Nigerian Stock Market", completely FREE. You will also be able to post topics, communicate privately with other members (through private messages), respond to polls, and access many other special features.

Registration is quick, easy and absolutely free. Click here to register on our forums now!

If you have any problems with the registration process or your account login, click here to contact us

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Reply
 
LinkBack Thread Tools Display Modes
  #21 (permalink)  
Old 13th February 2008, 07:46 AM
Senior Member
 
Join Date: Aug 2007
Location: Coventry, UK
Posts: 1,338
Rep Power: 3
Apache is on a distinguished road
Thanks: 1
Thanked 1 Time in 1 Post
Default

Quote:
Originally Posted by dejino View Post
W
Am just a bi curious and l say this without any disrespect to you and your associates. Y would u sell for 350K - 500K when going price in the surounding area, as stated by yourself, is around 700K?
Is there a catch to it? Are we having full disclosure? is there any info that may be remotely relevant to this 'transaction' that has not been disclosed?
Is it possible to "scan and attach" a layout drawing of the plots/location, along with this thread?
Just doing further due dilligence for myself and other good members of this forum who might show interest.
it will not be a bad idea for most SMN members to live together in what l will christen "STOCK ESTATE"!
Cheers-man...
Guys,
I will advise you get in touch directly with Cross & Churchill if you are interested. You see, it's all about interest. If you want to buy a land, call and find out details and then make your decision. If you are not intersted, then rest it. They said they are selling theirs for 350k and if you want to inspect it, you can. To start asking for layout drawings,etc or why they pegged their price @ 350K while oithers are selling at another price is totally unnecessary. If you are interested, go and inspect for yourself and if you find anything contrary to what they have said, you let all SMN members know.
Like i said earlier, i have bought mine. Infact, I even recommended this site to Yinka cos i felt a lot of pple who are genuinely interested might miss out bcos of info blackout (afterall, that's what this site is all about).
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Sponsored Links
  #22 (permalink)  
Old 13th February 2008, 01:12 PM
Senior Member
 
Join Date: Sep 2007
Posts: 106
Rep Power: 2
Betiku Franklin Olugbenga is on a distinguished road
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Furthermore, the project is in line with the vision under the Lagos Mega City Project?i thot Ofada is in Ogun State.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #23 (permalink)  
Old 14th February 2008, 02:24 AM
Member
 
Join Date: Oct 2007
Posts: 93
Rep Power: 2
dejino is on a distinguished road
Thanks: 0
Thanked 1 Time in 1 Post
Default Which one u dey?

Quote:
Originally Posted by Apache View Post
Guys,
I will advise you get in touch directly with Cross & Churchill if you are interested. You see, it's all about interest. If you want to buy a land, call and find out details and then make your decision. If you are not intersted, then rest it. They said they are selling theirs for 350k and if you want to inspect it, you can. To start asking for layout drawings,etc or why they pegged their price @ 350K while oithers are selling at another price is totally unnecessary. If you are interested, go and inspect for yourself and if you find anything contrary to what they have said, you let all SMN members know.
Like i said earlier, i have bought mine. Infact, I even recommended this site to Yinka cos i felt a lot of pple who are genuinely interested might miss out bcos of info blackout (afterall, that's what this site is all about).
Chairman,
You have done well to have bought your parcel and even better that you "introduced" Yinka to this forum but your 'sudden outburst' at my question makes you sound like a "commission agent"! (l know they get 10% for every referal-sale). Whats your beef, or cant the sellers speak for themselves anymore?
Church is all about "Halleluyah" and possibly, a "resounding Ameen", no muscle, no bile!
I know you have provided answers to questions concerning the land in question even when the 'sellers' were also responding, and it wasn't directed at you, but there is no need to 'cry more than the bereaved'!
I have bought land before and l know for fact that
1.) A layout shows you a bigger picture of the whole project vis-a-vis how it stands (localized), compared to the whole environment, topography, number of plots involved, beacon numbers, e.t.c and thats why l 'politely asked' if it could be provided. To me, thats perfectly in order.
2. To say that you dont have to bother to build so long as you pursue your C-of-O is sounds naive since there is a recognized position in law that if you fail to develop your land and someone else builds on it, the very best that you will get is either another plot or a compensation, not to talk of the "stress" you will go though to even get to that extent.
While you cannot even be sure l've not been in private-contact with Yinka after my post, your "impatience and back-hand slap" on my face is an over-kill.
Like l said earlier, NO DISRESPECT TO YOU OR THE SELLERS, JUST MINDING MY COINS.
Cheers.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24 (permalink)  
Old 14th February 2008, 08:05 AM
Senior Member
 
Join Date: Nov 2007
Posts: 304
Rep Power: 2
faoogoke is on a distinguished road
Thanks: 0
Thanked 3 Times in 2 Posts
Default

Quote:
Originally Posted by dejino View Post
Chairman,
You have done well to have bought your parcel and even better that you "introduced" Yinka to this forum but your 'sudden outburst' at my question makes you sound like a "commission agent"! (l know they get 10% for every referal-sale). Whats your beef, or cant the sellers speak for themselves anymore?
Church is all about "Halleluyah" and possibly, a "resounding Ameen", no muscle, no bile!
I know you have provided answers to questions concerning the land in question even when the 'sellers' were also responding, and it wasn't directed at you, but there is no need to 'cry more than the bereaved'!
I have bought land before and l know for fact that
1.) A layout shows you a bigger picture of the whole project vis-a-vis how it stands (localized), compared to the whole environment, topography, number of plots involved, beacon numbers, e.t.c and thats why l 'politely asked' if it could be provided. To me, thats perfectly in order.
2. To say that you dont have to bother to build so long as you pursue your C-of-O is sounds naive since there is a recognized position in law that if you fail to develop your land and someone else builds on it, the very best that you will get is either another plot or a compensation, not to talk of the "stress" you will go though to even get to that extent.
While you cannot even be sure l've not been in private-contact with Yinka after my post, your "impatience and back-hand slap" on my face is an over-kill.
Like l said earlier, NO DISRESPECT TO YOU OR THE SELLERS, JUST MINDING MY COINS.
Cheers.
I am particular about your number two comment that "there is a recognised position in law that if an individual fails to develop his/her and another builds on it..." personally I think it is dumb on the part of the law if it is really true. I've heard people make the same assumption and I wonder aloud what kind of brain such people have (No disrespect). We all know that to build on a land you need to have your building plan approved by the authorities and in doing that you need to present your land's documents which should authenticate your ownership of the land. If that position of law is indeed true everyone would take advantage of every vacant plot of land and build on it. The annarchy that will follow there after will do no one any good.I think I should stop here.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #25 (permalink)  
Old 14th February 2008, 08:37 AM
Senior Member
 
Join Date: Aug 2007
Location: Coventry, UK
Posts: 1,338
Rep Power: 3
Apache is on a distinguished road
Thanks: 1
Thanked 1 Time in 1 Post
Default

Quote:
Originally Posted by dejino View Post
Chairman,
You have done well to have bought your parcel and even better that you "introduced" Yinka to this forum but your 'sudden outburst' at my question makes you sound like a "commission agent"! (l know they get 10% for every referal-sale). Whats your beef, or cant the sellers speak for themselves anymore?
Church is all about "Halleluyah" and possibly, a "resounding Ameen", no muscle, no bile!
I know you have provided answers to questions concerning the land in question even when the 'sellers' were also responding, and it wasn't directed at you, but there is no need to 'cry more than the bereaved'!
I have bought land before and l know for fact that
1.) A layout shows you a bigger picture of the whole project vis-a-vis how it stands (localized), compared to the whole environment, topography, number of plots involved, beacon numbers, e.t.c and thats why l 'politely asked' if it could be provided. To me, thats perfectly in order.
2. To say that you dont have to bother to build so long as you pursue your C-of-O is sounds naive since there is a recognized position in law that if you fail to develop your land and someone else builds on it, the very best that you will get is either another plot or a compensation, not to talk of the "stress" you will go though to even get to that extent.
While you cannot even be sure l've not been in private-contact with Yinka after my post, your "impatience and back-hand slap" on my face is an over-kill.
Like l said earlier, NO DISRESPECT TO YOU OR THE SELLERS, JUST MINDING MY COINS.
Cheers.
Well, i won't bother on the first part of your post since it's irrelevant and replying won't serve any good to this forum.
The truth is buying land is not like stocks. We can stay here and ask a million and one questions but the truth is you have to go there and see it for yourself. Some of these guys you are asking questions are simply marketers for the company and might not have the details or even know what you are talking about. This can only be gotten when you go there (either to their office or to the site itself).
As for number 2, i must confess i didn't know about that. (Will have to confirm also). Although i also know that there are a lot of lands not yet developed even in Lekki estates and i know that won't give me the right to go and start building on it. but let me not talk about things i know nothing about. I guess there should be lawyers in this forum that can shed more light
Definitely, if you decide to go, i will expect you to share your findings.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #26 (permalink)  
Old 15th February 2008, 03:19 AM
Member
 
Join Date: Oct 2007
Posts: 93
Rep Power: 2
dejino is on a distinguished road
Thanks: 0
Thanked 1 Time in 1 Post
Default

Quote:
Originally Posted by faoogoke View Post
I am particular about your number two comment that "there is a recognised position in law that if an individual fails to develop his/her and another builds on it..." personally I think it is dumb on the part of the law if it is really true. I've heard people make the same assumption and I wonder aloud what kind of brain such people have (No disrespect). We all know that to build e on a land you need to have your building plan approved by the authorities and in doing that you need to present your land's documents which should authenticate your ownership of the land. If that position of law is indeed true everyone would take advantage of every vacant plot of land and build on it. The annarchy that will follow there after will do no one any good.I think I should stop here.
Thanks Faoogoke,
A lot of "dumb things" happen in this Nigeria and people like me that have SEEN IT with my two eyes, suprisingly, have the same normal brain as you(?).
It happened at a location called Alpha beach, just before Chevron. After serious threat to life, the "Omo-onile's" (they actually colluded and resold the plot to another buyer, using another member of their family but pretended it was done by a 'renegade family member!) finally agree to "relocate" the first buyer to another plot (of lesser value) or in the alternative, he collects his purchase price back, o course without interest!
I guess you have never had that even in our dear own Abuja, Two people lay claim to the same land, both have "Genuine" C-of-O, issue by the FCDA (maybe you will call that dumb?) and the FCDA actually recalled all issued C-of-O, for "verification", early last year, despite AGIS! I guess you will never get a better description of the word 'anarchy', than that!
Man-mi, u may never have had of it and think its only 'no-brainers' like me that imagine it but, ignorance has never been an excuse.
Experience they say, is a good teacher.
Cheers
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #27 (permalink)  
Old 15th February 2008, 03:31 AM
Member
 
Join Date: Oct 2007
Posts: 93
Rep Power: 2
dejino is on a distinguished road
Thanks: 0
Thanked 1 Time in 1 Post
Default

Quote:
Originally Posted by Apache View Post
Well, i won't bother on the first part of your post since it's irrelevant and replying won't serve any good to this forum.
The truth is buying land is not like stocks. We can stay here and ask a million and one questions but the truth is you have to go there and see it for yourself. Some of these guys you are asking questions are simply marketers for the company and might not have the details or even know what you are talking about. This can only be gotten when you go there (either to their office or to the site itself).
As for number 2, i must confess i didn't know about that. (Will have to confirm also). Although i also know that there are a lot of lands not yet developed even in Lekki estates and i know that won't give me the right to go and start building on it. but let me not talk about things i know nothing about. I guess there should be lawyers in this forum that can shed more light
Definitely, if you decide to go, i will expect you to share your findings.
Apache,
Unfortunately, the first part of my comment (the request for more information about the land, something within my rights) was what you reacted to, initially, before l got ticked-off; its just like saying its impossible for a Broker to "scan-and-send" a payment receipt, over the internet, to a client based abroad, as proof of payment? Whats the big-deal in that that l need to be hammered for, just for asking?
Maybe l mis-read this as "an advert or an invitation to express interest", direct at the public.
As for the second issue, l have said enough and really, land and stocks are not the same thing and ignorance will never be an excuse!
No disrespect.
Cheers
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Sponsored links
  #28 (permalink)  
Old 15th February 2008, 07:52 AM
Senior Member
 
Join Date: Aug 2007
Location: Coventry, UK
Posts: 1,338
Rep Power: 3
Apache is on a distinguished road
Thanks: 1
Thanked 1 Time in 1 Post
Default

Well, back to the issue at hand.
people that haveparticipated in schemes like this in the past (i mean buying land from real estate firms and not omo oniles) can share their views on their experiences. If you have also gotten in touch with the above scheme or anyone in Mowe (i know there are a lot of them), please share
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #29 (permalink)  
Old 15th February 2008, 08:17 AM
Senior Member
 
Join Date: Nov 2007
Posts: 304
Rep Power: 2
faoogoke is on a distinguished road
Thanks: 0
Thanked 3 Times in 2 Posts
Default

Quote:
Originally Posted by Apache View Post
Well, back to the issue at hand.
people that haveparticipated in schemes like this in the past (i mean buying land from real estate firms and not omo oniles) can share their views on their experiences. If you have also gotten in touch with the above scheme or anyone in Mowe (i know there are a lot of them), please share
There is quite a world of diference when dealing with "Omo Oniles" and private developers. However one should be careful to investigate that the private developer has the title right to the property they are selling piece meal to others. This verification can be done at the state survey office. A number of them too have built up quite a reputation, like Wisdom property, Prime estate etc. I brought two plots from Wisdom property and this was before another property company was going to buy for me as an agent. I was fortunate to buy directly and got a discount.
For me "Omo oniles" have always benig a no go area and will remain!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #30 (permalink)  
Old 15th February 2008, 04:49 PM
Senior Member
 
Join Date: Aug 2007
Location: Coventry, UK
Posts: 1,338
Rep Power: 3
Apache is on a distinguished road
Thanks: 1
Thanked 1 Time in 1 Post
Default

Quote:
Originally Posted by faoogoke View Post
I brought two plots from Wisdom property and this was before another property company was going to buy for me as an agent. I was fortunate to buy directly and got a discount.
For me "Omo oniles" have always benig a no go area and will remain!
How long ago was this, and have you started building?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #31 (permalink)  
Old 16th February 2008, 02:30 AM
Member
 
Join Date: Oct 2007
Posts: 93
Rep Power: 2
dejino is on a distinguished road
Thanks: 0
Thanked 1 Time in 1 Post
Default

in fact may God help you if you fall prey to this "omo-onile's", l did and the experience probably contributes to my over-cautious attitide when it comes to landed property; l just cant be careful enough but l have learnt my lesson, albeit the hard way.
There are genuine sellers out there, a few people know them but maybe they dont think its necessary to go 'an extra mile', to convince a skeptic, or 'once-beaten', to go the whole hog.
Like the Yorubas will say, "Agbajowo l'an so'ya, owo kan k'ogberu d'ori" (to think that l am Yoruba and still as awful) which simply translates as 'together we stand'.
Especially, be very "carefully-cautious" of land purchase along the Lekki-Ajah axis. Due diligence and buyers beware is the motto.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #32 (permalink)  
Old 16th February 2008, 11:04 AM
Forum Moderator
 
Join Date: May 2007
Posts: 1,292
Rep Power: 3
olusolakemmy will become famous soon enough
Thanks: 0
Thanked 5 Times in 3 Posts
Default

land issue is a complex thing, so i understand the skeptism of dejino, once beaten twice shy. one reqlly hqs to be careful otherwise you get your finger burnt.

i also understand apache issue, for someone that went as far as paying for a parcel of land, in his opinion and findings, he adjudged the land and it sellers genuine, for you to try saying otherwise will not be welcome cos, there is no going back, money is already committed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

but dejino, the land scheme is being handle by a well known realtor firm, so i think things are in order.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #33 (permalink)  
Old 18th February 2008, 07:52 AM
Junior Member
 
Join Date: Feb 2008
Posts: 17
Rep Power: 0
yinka oloruntimilehin is on a distinguished road
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Quote:
Originally Posted by dejino View Post
W
Am just a bi curious and l say this without any disrespect to you and your associates. Y would u sell for 350K - 500K when going price in the surounding area, as stated by yourself, is around 700K?
Is there a catch to it? Are we having full disclosure? is there any info that may be remotely relevant to this 'transaction' that has not been disclosed?
Is it possible to "scan and attach" a layout drawing of the plots/location, along with this thread?
Just doing further due dilligence for myself and other good members of this forum who might show interest.
it will not be a bad idea for most SMN members to live together in what l will christen "STOCK ESTATE"!
Cheers-man...
our land is at OFADA while u wanted the price of land at MOWE.MOWE is b4 OFADA dat is why lands are now at that(700) price.
thanks.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #34 (permalink)  
Old 18th February 2008, 10:40 AM
Junior Member
 
Join Date: Feb 2008
Posts: 17
Rep Power: 0
yinka oloruntimilehin is on a distinguished road
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Quote:
Originally Posted by dejino View Post
Chairman,
You have done well to have bought your parcel and even better that you "introduced" Yinka to this forum but your 'sudden outburst' at my question makes you sound like a "commission agent"! (l know they get 10% for every referal-sale). Whats your beef, or cant the sellers speak for themselves anymore?
Church is all about "Halleluyah" and possibly, a "resounding Ameen", no muscle, no bile!
I know you have provided answers to questions concerning the land in question even when the 'sellers' were also responding, and it wasn't directed at you, but there is no need to 'cry more than the bereaved'!
I have bought land before and l know for fact that
1.) A layout shows you a bigger picture of the whole project vis-a-vis how it stands (localized), compared to the whole environment, topography, number of plots involved, beacon numbers, e.t.c and thats why l 'politely asked' if it could be provided. To me, thats perfectly in order.
2. To say that you dont have to bother to build so long as you pursue your C-of-O is sounds naive since there is a recognized position in law that if you fail to develop your land and someone else builds on it, the very best that you will get is either another plot or a compensation, not to talk of the "stress" you will go though to even get to that extent.
While you cannot even be sure l've not been in private-contact with Yinka after my post, your "impatience and back-hand slap" on my face is an over-kill.
Like l said earlier, NO DISRESPECT TO YOU OR THE SELLERS, JUST MINDING MY COINS.
Cheers.
GUYS,(dejino)
Pls you dont ve to go tru all that,if you need to see any document just call me on 08039098892 or come down to my office.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Sponsored links
  #35 (permalink)  
Old 19th February 2008, 08:57 AM