The best real estate company in Lagos, Nigeria

In this article, we’ll take a look at the best real estate company in Lagos, Nigeria. Working with real estate agents can be risky sometimes, especially in a city like Lagos, where scammers and uncertified individuals parade themselves as real estate agents or brokers.

What is real estate?

Real estate, sometimes referred to as real property, is defined primarily as a land or lands alongside the buildings on it and other natural landscapes and entities like mountains, topography, and scenery present on it. It is called real estate because it is the only asset that is real and can’t vanish if acquired through the legal means.

When we say it can’t vanish, we’re comparing it to other investment assets like gold, stocks, forex, cars, etc.

What are real estate companies?

Now that you understand what real estate means, what then are real estate companies? Real estate companies are businesses that buy, sell, or manage landed properties, houses, and other structures with the main purpose of profiting.

Choosing a real estate company in Lagos

Lagos is the most developed and most populated state in Nigeria with a population of approximately eight million. Lagos is often referred to as no man’s land because of the presence of people from different tribes in Nigeria. Though Lagos is originally a Yoruba land.

When it comes to choosing a real estate company in the most populated city in Nigeria, you sure want to be careful because scammers are not far fetched. There has been instances where individual investors later find out the property sold to them doesn’t exist or is owned by someone else. You definitely don’t want to be in such situation. Loosing millions of Naira to scammers isn’t a pleasant experience.

Criteria for choosing a real estate company in Lagos

The criteria for choosing a real estate company in Lagos is very simple if you do your home work very well. The criteria we’ll list below can also be applied to any other cities in Nigeria as well as other popular cities across the globe.

Reputation:

One of the most important things you want to look at when choosing a real estate company in Lagos is their reputation. Start with their website. Is their website properly built, are there information about the managing team and/or employees of the company on the site, are there contact details? etc. A poorly maintained or built website is one of the obvious sign of scammers.

If you perceive the website to be legit, try finding them on social media platforms like instagram, twitter and Linkedin to see if their socials are active and if people are also talking about them.

Next is to check their testimonials and reviews on platform like Trustpilot, and Google business review. Also consider browsing about them on google to see if any news outlet or popular blog have a mention of them.

Once you have a good glance of their social proof, one final thing you can consider doing is checking if they have employees on platforms like LinkedIn.

Experience:

Let us assume you’ve done your research on their social proof and reputation but aren’t convinced they are legit, the next thing you should do is trying checking how long they’ve been existing. There are few ways to go about this, but the easiest is finding articles online that makes mention of event they’ve sponsored or was part of.

Another way to go about this is to check if they have any existing structure they claim to have. Ask around or do your due diligence to know more about the property, the owner, and who manages it.

If the real estate company in Lagos claims to deal on landed property, try finding out if they have any past land allocation events or existing estate in development.

Legal Registration and Accreditation:

The final and most important factor to consider is to check if the company is registered. Be it business name registration or an LLC. You can easily find this out by going to the corporate affairs commission website to search their company name.

There you’ll see their business name registration, and when it was registered. That alone will give you more assurance than the other factors listed above.

Now that you know how to check if a real estate company in Lagos, Nigeria is legit or not, it’ll be good if we tell you which one to consider should in case you need one urgently