Abuja Land Agent Services

All you need to know about Land acquisitions within FCT Abuja.
Investing in land is proving a valuable protection strategy for those looking to protect or diversify their assets.

Feel free; enjoy reading as an educational tool or as a means to secure a Real Estate Agent to satisfy your quest for Land or Property acquisitions in Abuja the Federal capital of Nigeria.

We have put together everything there is to know about land business, whether buying, selling residential, commercial, agricultural, or mixed-used Land. 
http://www.abujalandagents.com/p/abuja-thenew-capital-of-federal.html

Buying Land and properties in Abuja Nigeria >>>

Abuja has been experiencing a housing boom over the past years.  Developers have been investing greatly in new, modern homes, Residential and commercial buildings. 

Abuja Real Estate has proven to be one of the most lucrative investment opportunities currently available in Abuja the Federal Capital of Nigeria with low variability of returns. Nevertheless, investors must be aware of the somewhat long tenure of holding period that may possibly be required.  Location of such property usually has an important effect on the holding period required.  

Federal Capital Development Authority FCDA allows any company, individual, Nigerian or non-Nigerian to buy Land property rights for maximum of 99 years, on condition that the purchase is declared to the government in advance.

If you are planning to secure land in Abuja keep a few things in mind to ensure all goes smoothly: 

Who owns the land or property?

You need to validate that the person/group you are buying real estate from is the correct titleholder because There have been several instances of land being sold by unlawful owners, or being sold to more than one buyer at a time. To safeguard you make sure a land title assessment is done at the appropriate government office which is (AGIS) Abuja Geographic Information Services, and a land valuation is also executed. There is usually a fee for these which are paid for at the purchaser’s expense.

You need to analysis or review all property documents by yourself, and include yourself in all stages of the property buying process.

As an extra protection, you need to have an independent lawyer to analyse your documents before you make payment for the property.

Abuja Real Estate and property Development Timeline Requirements

If you are buying undeveloped land in Abuja there may be development timeline requirements by the Federal Capital Development Authority FCDA. It is common in certain Locations within Abuja that you are required to build at least basic infrastructure such as a well and building or foundation within a five year period. Developing the land will helps to ensure a lesser amount of questions of ownership of the property. Development timeline requirements should be determined before any purchase.

The Best Practices

The best way to guarantee a safe step into Abuja property ownership is to use an experienced real estate agency. If you have any questions or concerns feel to share your COMMENTS blow.

Click Here to Post your questions, comments and ideas about Abuja Land Property or Real Estate.

How to Sell your Land Property Fast in Abuja


Selling of land is usually a more complicated process than selling developed property. When you sell a land property with a building, its use and value is established by the building and other structure on it. Before buying undeveloped land, most buyers will want to investigate what they can do with it to determine what it’s worth. At the same time, the buyer pool for land is usually lesser than the buyer pool for developed property. With this in mind, selling land quickly in Abuja requires unique strategies.

Step 1
Hire an appraiser to determine the value of your land if you don't have the knowledge to do it yourself. Without knowing the worth your land, it will be difficult for you to assess the strength of the bargains that you receive. The assessment will also determine the highest and best use of the land, and you can use those facts to target your marketing activities.

Step 2
Put a large "For Sale" sign on a noticeable part of your land and include your telephone number. Although signs don't always lead to fast sales, they're worth trying. In addition, a sign repeatedly generates calls when it initially goes up.

Step 3
Contact the landlords of surrounding parcels of land to determine if they want to buy your land. Occasionally, a land owner will want to increase the size of his/her holdings. If your land has access to a road, water or another valuable feature, it can be mostly valuable to a neighbour whose land does not have that attribute. Your neighbours are also very familiar with your land, the area and its prospects, so they should be able to decide more quickly than a remote buyer or someone who is not familiar with the parcel of land.

Step 4
Present your land to possible users. For example, if your parcel is located where houses are currently being developed, home builders would be potential buyers. On the other hand, if your land is covered with timber in an area that is being logged, timber logging companies may be the paramount buyers.

Step 5
You may consider selling your land to a speculative investor. Many areas have investors that are willing to buy just about anything as long as it is cheap enough. These investors can close deal quickly, but will frequently offer you a very low price for your land. That's how they're able to move so fast in any transaction, they are getting a great deal. Those kinds of Investors usually won't require you to finance the land for them.

LAND SALE PROCEDURE


The person who owns and wishes to sell the property would contact the experts in property management where an agreement is made in the presence of the regulatory organisation. Afterward, the property agent takes custody of the property and aids to sell the land on behalf of the seller.

VERIFICATION OF PROPERTY

An agreement (verbal or written) between the land owner (seller) and the property agent is very important in this aspect, as the agent will help verify the availability of the said property to be sold. The verification of property involves a legal search via the Abuja Geographical Information System Office (AGIS).

LEGAL
BACKUP PROCEDURE

In Abuja Nigeria, the norm of “Law of Contract” is very much regarded; this is principle you need to follow if you want to sell your properties.
              The Law of Contract in selling property in Nigeria includes:-
Letter of request – a letter to the estate/property agent from the owner of the property (seller) requesting the agent to represent him/her in selling the property.


MUST I TRAVEL TO NIGERIA TO SELL MY PROPERTY? NO

However there are quite a lot of property agents in Abuja who can sell your property on your behalf. You do not need to be actually present to close any transaction; nevertheless, you must be careful and make your transaction known to the Nigeria Institute of Estate Surveys and Valuers to escape fraud. These are the most important things you have to bear in mind when you are selling real estate property in Nigeria.



FCDA Federal Capital Development Authority



FCDA Federal Capital Development Authority
Federal Capital Development Authority was created to control the infrastructural and physical expansion (design, planning and construction) of the new Nigeria Federal Capital, Making sure that it follows to/exceeds the standard of new Capital cities round the world, paying exceptional consideration to inclusivity, functionality, aesthetics and design.


ESTABLISHMENT
The Federal Capital Development Authority (FCDA) is a conception of Decree No.6 of February 5, 1976 quoted as the Federal Capital Territory Act. The Decree which bestowed ownership and control of all land in Abuja to the Federal Government also gives the FCDA the burden of handling the design, planning and construction of the Federal Capital Territory with the functions blow:
1)    To pick out a site within the Capital Territory for the location of the Capital City
2)    To organize a Master Plan for the use of land in the Capital City along with the rest of the Capital Territory;
3)    To provide public/community services inside the Capital Territory;
4)    To establish infrastructure for example roads, railways, bridges, reservoirs, water course buildings and other such works as may be required in the FCT
5)    To co-ordinate the activities and tasks of the Area Councils, Departments and other Agencies of the government of the Federation within the FCT.

The Management of the Federal Capital Development Authority
The Executive Secretary of the Authority is the Chief Executive Officer (CEO) who leads and runs the routine management of the Authority. In addition he is supported by an Executive Management Committee (EMC). The EMC comprise of Directors of Departments and Heads of Units of the Authority; there is also a 10 (ten) member Board constituted by the President to formulate guidelines and supervise the activities of the Authority on a part time basis.
The FCDA Board is headed by the Minister of the Federal Capital Territory. But with the transformation agenda of the previous Administration of Mallam Nasir Ahmed El-Rufai the former Minister of the Federal Capital Territory, Abuja from 16 July 2003 to 29 May 2007, the FCDA had its departments re-structured into nine (9) departments and four (4) Specialized Units as listed below:

Departments
1.     Finance and Administration
2.     Urban and Regional Planning
3.     Engineering Services
4.     Resettlement and Compensation
5.     Public Building
6.     Surveying and Mapping Units
7.     Mass Housing
8.     Satellite Town Infrastructure
9.     Procurement
Units
1)    Internal Audit
2)    Special Project/IT
3)    Legal Services
4)    Public Relations and Protocol

The (Defunct) Ministry of the Federal Capital Territory
When the FCDA was formed in 1976 to supervise the development of the new Federal Capital City of Nigeria, it was administered by a Board that was initially chaired by Dr. Ali Mazauri.
Later in 1979, it was given the status of a Ministry which was the Ministry of the Federal Capital Territory (MFCT). This Ministry (now defunct) was then created by way of an official Gazette Extraordinary No.55, volume 66 of October 26, 1979 and charged with the following tasks:
     I.        Planning and development within the FCT;
    II.        Control of development within the FCT;
  III.        Arrangement for the provision of social services;
   IV.        Administration of the FCT;
    V.        Allocation of urban and rural lands in the FCT; and
   VI.        Relations with the FCDA
Even though the FCDA and the MFCT were literally merged to a point where both shared the same Departments of Administration and Finance, the FCDA still maintain its own management board. And this was the status quo up until the tenure of the 3rd FCDA Board (2002-2004) when an attempt at a de-merger was actually undertaken.
On the other hand, in 2004, the then FCT Minister, Mallam Nasir El-Rufai, obtained the President's endorsement to wind up the Ministry of the Federal Capital Territory (MFCT). And in line with that approval as contained in the Federal Capital Territory's (Establishment of functionaries and Departments) and the Federal Capital Territory's (Dissolution) order No. 1 of 2004, the MFCT stopped to exist on May 31st, 2004. The Ministry is now well-known and referred to as the Federal Capital Territory Administration-(FCTA).

Vision
The vision is to build a first class Capital City and Territory as good as to the best Capital Cities and Territories in the world.

Mission
The mission is to build the Abuja City and the Territory in compliance with the Abuja master plan; taking into consideration all the aims that necessitated the movement of the Nigeria Federal Capital from Lagos; and to establish a result oriented supervision with continuous emphasis on service delivery.