5 costly mistakes buyers make in real estate

Below are five common mistakes buyers make when buying properties that cost them millions of naira.
Buying a property without setting eyes on it: Never buy any property you or your representative have not seen or confirmed its existence.

Paying money into agent account instead of seller account: Never make the mistake of paying money
for a property into an agents account. The payment for the purchase of a property must be paid into the account of the seller and not the agents account.

Paying cash for property purchase: Always make sure your property transactions go through the banking system. Always issue check instead of cash. Transactions done through the banking system are generally saver and avoided by real estate frauds.

Paying for a property without conducting search first: Never assume the property is genuine. Investigate the title and ownership of the property first before making any financial commitment.

Using their agent to conduct search on a property: Never use your agent to conduct search on a property. Limit their role to only looking for the right property for you. If you want an unbiased result, use a neutral person to conduct the search, most preferably your lawyer.