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.