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Advise On Acquiring A Land. - Properties - Nairaland

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Advise On Acquiring A Land. by dpacesetter(m): 10:15am On Nov 24, 2018
Great people of nairaland,
I need your advise on a decision am about to make on buying a land from a real estate company called Adron homes at one of their estate at ota, Ogun state.
After several conversations with the company enquiries unit. I decide to buy a plot of land from them. They said after have made my final payment. They will give me the below documents.
Document to receive.
1) Receipt of payment
2) Contract of sale
3) Provisional letter of allocation (Description and address of the land, Plot D, way description etc.
But the issue am having with them is as below:
1) They said they won't allocate physical land to me now, since am not building on the land instantly, because my aim is to buy and leave it for couple of years (2-3) then resell or build on it. But my fear is that how will I depart with my money and I won't see the physical land I paid for. Just carrying paper around that I have a land, which is somehow unreasonable to me.
2)my fear is that hope they won't resell my portion of land to another person, nd move me to another estate since I didn't do anything on my land.
Please kindly help shed light on the above mentioned concern.
Thanks.
Re: Advise On Acquiring A Land. by desse: 3:47pm On Nov 24, 2018
Do they give u time limit to pay full ?If they do make sure u paid within the time frame ,,if u know u are not capable of paying within the time limit given u donot engage in the contract sale ,,,there will b a clause in d contract sale if u donot pay up as due they can revoke d contract sale and allocate the land to someone else there by they can either refund your money or take u to anoda estate as u suppose!

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