Read This Before You Buy Land in Ogbaku, Imo State

It’s no wonder real estate in Ogbaku has become a hot cake. If you are trying to get a piece of land there, smart move! It is a peaceful environment, has friendly people, and plenty of room to grow. However, before you buy land in Ogbaku or anywhere in Imo State, you need to know a few things.

1. Know Your Purpose

First things first. Why do you want to buy land in Ogbaku? It sounds simple, but you will quickly realize it’s important.

Do you want to build your dream home?  Maybe you’re thinking about long-term investment. Perhaps you want to farm the land – grow some crops or raise livestock.

Knowing your purpose helps you choose the right type of land suited for your purpose. For example, you should not be choosing a rocky place if you plan to farm the land. Be cock-sure what you have in mind before you purchase a piece of land.

Whatever you do, don’t skip this step!

2. Be Sure About the Specific Location in Ogbaku

You want to be sure that where you are choosing will meet your needs. For easy understanding, let’s break this down: 

• Closeness to the main road: This means easy access to transportation. You can quickly get to Owerri or other towns. It’s also good for business – people can easily find your shop or office.
• Schools and markets: If you are building a family with children, you will always need to take them to school and buy supplies from the market. 
• Hospitals and healthcare: Again, this is important for families, older people or if you have a preexisting health condition. Easy access to healthcare might be life-saving.
• Places of worship: Is being close to your place of worship important to you? If yes, then choose an area that gives you that.
• Peace and quiet: Imagine you are a remote worker who works long hours and always needs to join meetings. You do not need noise at all. Ogbaku is quite close to the road, so If you intend to build your house there, be careful where you pick.

Also Read:

• How Fractional Real Estate Investing Works in Nigeria
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3. Sort Out the Legal Matters

Honestly, you don’t want land problems. They will stress you and suck your money. This is why you need to get your paperwork sorted when buying land in Ogbaku.

Before you do anything, make sure the person selling the land actually owns it. Ask for the Deed of Assignment and the Certificate of Occupancy (C of O). This is what the Deed of Assignment and Certificate of Occupancy are about: 

• Deed of Assignment: This document shows that the land has been transferred from one person to another. It should contain your name as the buyer and seller, the price, and the size of the land. Make sure the Deed of Assignment is properly signed and stamped.
• Certificate of Occupancy (C of O): This is the official document that proves ownership of the land. The government issues it. The C of O shows that the government recognizes the person as the rightful owner of the land. Always insist on seeing the original C of O.

Even if they produce it, verify it before you sign anything and send any money. If you cannot verify it, don’t take that land. It’s not worth the risk. The best way to verify it is to go through a trusted real estate company like Affable Homes Ltd. Otherwise, if you are buying from a solo seller, hire a lawyer and real estate agent.

This bears repeating: get a lawyer. A good lawyer will guide you through the process. They’ll help with the paperwork, and many times, help you negotiate terms with the company. Ultimately, both your interest and that of the realtor will be protected if you have your lawyer.

4. Talk to Community Leaders

Also, involve community leaders. In case you are wondering what community leaders have to do with legal matters, it’s a lot! Nigeria still recognises customary law, especially in land issues.

Actually, elders are one of the most recognised stakeholders in property law. Usually, the court relies on their testimony to determine ownership in land disputes. The reason is simple: they know a lot of history since they witnessed most of it.

Besides, they probably know who owns which land. They can inform you if you’re about to be scammed.

In Ogbaku, it’s best to involve the community leaders in the land transaction. Talk to the elders and chiefs before you buy land in Ogbaku, especially if you are buying from the natives. Make sure everyone is aware of the sale and agrees to it. This can save you a lot of trouble down the line.

5. The Price is Right (Or Is It?)

You’ve found the perfect location and sorted out all the legal stuff. The price is right, and you’re excited. But hold on!  There’s more to think about before you buy land in Ogbaku.

Land in Ogbaku is a hot commodity. Everyone wants a piece of the action, but don’t overpay!  Do your research and find out the fair price.

Many things affect land prices. Land size, obviously. Location is also key. Typically, land near the main road is more expensive. Also, land with good access to water and electricity also costs more.

Don’t just accept the first price you hear. Ask around. You can talk to other landowners.  Also, check online listings to get a sense of the market value.

Finally, negotiate respectfully. Offer a fair price and explain your reasoning. You might be surprised by what you can get.

Also Read:

• 5 Emerging Locations for Real Estate Investment in Southeast Nigeria
• An Overview of Real Estate Investment Opportunities in Ogwashi-Uku
• Follow This Guidelines to Avoid Land Scams in Badagry

Conclusion

Owning land in Ogbaku is a fantastic investment. It’s a great place to build a home, start a business, farm, or just hold land. However, buying land requires careful planning.

Start by knowing exactly why you want the land – is it for a home, business, or farming? Next, choose the right location based on your needs and lifestyle. Don’t forget the legal side of things. Verify ownership with the proper documents and get a lawyer to ensure a smooth process.

Research prices and don’t hesitate to negotiate to get a fair deal. Finally, think long-term! Consider access to utilities, drainage, and future development plans for the area. 

With careful planning and the right information, you can own land in Ogbaku.