The Federal Ministry of Housing announced uniform, fixed sale prices for its Renewed Hope Estate Programme units. To sum it all up, this is the biggest affordability news in Nigerian real estate right now.
Hard Truth
We live in a country where a plot of land might cost more than it’s worth. But now the government is essentially offering us a designer handbag for the price of a tote bag. This is not just news; I think it’s a national stampede invitation. However, where there is a stampede, there might be chaos. And where there is chaos, there is always profit for the fraudulent. As the schemer Littlefinger noted in Game of Thrones, “Chaos is a ladder.” I believe fraudsters use this ladder to get to the top (wherever that is for them).
The Halo Effect Illusion
Think about it: This low, fixed price will attract millions of first-time home buyers and Diaspora Nigerians eager to finally plant a flag back home. The first-timer can be usually excited, they trust the process, and they usually don’t know the difference between a ‘C of O’ and a Jehovah witness pamphlet handout. The Diaspora folks are probably 5,000 miles away, relying on a cousin or uncle who “knows a guy” that can handle the papers. The scammers know this. They are going to get involved.
Trustcrow’s Due Diligence
The government is giving you a “Renewed Hope.” We at Trustcrow? Let’s just say we’re handing out a renewed reality check because, if you’re one of the folks queuing for this incredible deal, yeah! You have a right to the house, but you also have an absolute duty to protect your money. That’s why we have the Due Diligence reports on the same platform as our Marketplace. We verify that the property you are about to buy is actually a good deal, not a future lawsuit with a nice roof.
There is hope
I’m not going to lie, the fixed prices for these Renewed Hope Estate Programme units are awesome. It’s the most wonderful real estate news right now. But in the Nigerian real estate market, good news is merely an unverified rumour until you conduct your due diligence. So, don’t let the rush for affordability turn your “Renewed Hope” into a long-running court drama. Protect your investment the smart, secure, and independent way.
