Great relief is in
sight for property owners and prospective buyers. The Edo State House of
Assembly have taken another bold step to address a nagging problem in the
State. “We want to reduce or eliminate the cumbersome nature associated with the
acquisition of properties in the State”,
said one of the lawmakers.
Just last year,
community Development Association was scrapped. Sequel to this, a bill for a law to computerize lands or
properties is been considered. This is quite cheering because of the significant benefits for all: property
owners, buyers and agents.
THE BENEFITS: once the law is passed, all lands and properties will be
on record as per the legitimate owner, the size, the location and all other
necessary details. With this detailed and computerized information, all and
sundry would have no reason to worry
about their property. For instance,
if you are a land owner, you
would not fear that someone would
encroach on your land or if something
like that happens, you are still the
legitimate owner of it with valid
proofs. Thus very easy to kick out
the intruder. In fact, you have a
legal backing for your ownership.
Also, with the available computerized information,
prospective buyers can easily carry out
a thorough investigation and get
a satisfactory result before proceeding
with the purchase of the said property. In other words, everyone can
source for information about the genuine owner of a property at any given time.
Real Estate Agents
too, would not fear falling victim to
dubious property owners. It would be easy to sell property fast and make cool
cash. That idea is quite pleasant. I say
this because just recently we could not sell a
particular property because we
were unable to ascertain the genuine owner of the land. The history was not
clear, so we withdrew from the transaction. The proposed computerization of
lands and properties will solve this problem.
When the law is
passed, all property owners would be required to come forth and prove their ownership and any lingering dispute regarding
the true ownership of any property would be laid to rest. Before you can be
certified as the genuine
owner, thorough investigation is sure to be carried out.
Furthermore, naming of
streets and numbering of houses would also be carried out. These are wonderful developments in the horizon. Very soon, buying of properties in Edo State would become as easy as going to the market to buy food stuffs.
Anyway, just in case you need to buy any property right now or perhaps have a building project, we are here to help. Give us a call now 07054107283.
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