What are the hazards attached to buying a house that has incomplete documents?

[Nicklas22]

It just depends on the money owns by you
A man with enough money can decide building a a house will take a longer time and decide to buy
But a man who saves and have a smaller income will decide to build his own house from the scratch

 

[Obaterof]

The hazard or loss involved in buying a house that has not complete document will be will be very great. no man in his complete sense would like to buy a house that has incomplete documents. He might end up losing the house to the government or even to the former owner of that property as long as the document is not complete

 

[Georgeadawara]

To buy a property with out the complete decomente is very Risk. That property or that person he or she may not be the original owner of the property so buying property that has no compete decomente the police can arise tou you an someone can also cleam it

 

[Kamon c4]

Everything is wrong about buying properties with incomplete paperworks. You may be subjected to different danger. Firstly, the building may have some defects and this will put your life in danger. Another possible side effects of this is losing the ownership of the property.

 

[Hasan Raza]

The hazards joined to a house that has deficient archive is that the proprietor will relinquish the house by purchasing another and furthermore if government official cones to look at your report and they discovered isn't finished so you relinquish losing your property.

 

[Philip Omotayo]

Buying a house with an incomplete papers is a risk. No matter how much one trust the party involve, it is not advisable. It could lead to a loss. In fact they can still resend the property to another perso. And government could place a ban on it. And more so, I won't encourage anyone to buy such a property.

 

[Planet408]

It can be be so frustrating later in future if one buys a landed property with incomplete documents. This is because problems could emanate from somewhere. People can come after that same property claiming it is theirs. How can you defend it with incomplete documents? That's a huge loss.

 

[Obaterof]

if the land in question is owned by the community and the person buy The Land with an incomplete documents he will lose the land and his money. he don't know if the person selling the land is the rightful owner of the Land all the land belongs to the community.

 

[Ltherman]

Its a no brainer that you'll buy a house that has incomplete documents. Its at the buyers risk as anything fraudulent can happen, anything can as well go wrong which will put the entire purchase or make it a bullshit.
I don't. even want to think about it

 

[Edward2]

Legally there are a lot of hazards specially if it deals with the titles itself, when buying a property ypu should make sure that the one you are buying from has all the access of it to make sure its legitimacy and avoid problem in future.

 

[Trojan8]

Buying a house with incomplete documents is a very bad idea and I won't advice such. For one, anybody can just wake up one morning and claim title to that house. And then you won't be able to do anything because in most cases you don't have proof of ownership is the said property. It's always best to make sure every single documents are available before paying for a house, it saves you a lot of future problems.

 

[Folaham]

Well i don't think you should consider buying a house with incomplete documents. Because there is so many things will happen if you buy a house or lot with incomplete documents. It can be there is problem with the house will you buy.

The best advise is to avoid any property with incomplete documents so as to be on the safest side at all time. Issues might spring up in future and the financial and legal implications might be too much a birder to bear.

 

[kayode10]

You are going to lose the money resources and time you put aside in order to purchase the properties. there are some people who engage in this art just because they want to buy the property cheap and envisage huge return on investment. the problem is at the field to look at the wrist side in the same way as a the profit. They failed to realise that the risk involved is much higher than the profit they are going to make.

 

[shakky2]

buying a house with incomplete documents is risky and if not careful this may lead to hijacking of properties from unknown sources so it is better to verify all documents and make sure they are all intact in order to be confident with the property bought

 

[Briangsam]

Why would anyone buy any property that has incomplete documents in the first place? What could be the rationale behind it? Maybe the price. But anyone going for that is an outright fraudulent person. It is not even just hazard, it could be a jail term.

 

[bolllyteee]

In recent years, we have probably seen house and structures been brought but after some few years..they get collected by the government or there's a dispute between 3or more buyers of same property.
What are the real hazards that face a person buying such property.

There are many dangers in procuring a property whose documents are incomplete.I would advise before procuring any property, ensure the seller has genuine and complete documents before making payment.

 

[Segshowee]

In recent years, we have probably seen house and structures been brought but after some few years..they get collected by the government or there's a dispute between 3or more buyers of same property.
What are the real hazards that face a person buying such property.

In recent years, we have probably seen house and structures been brought but after some few years..they get collected by the government or there's a dispute between 3or more buyers of same property.
What are the real hazards that face a person buying such property.

I am going to be blunt, do not buy a house that has incomplete documents. This would save you from dangers that comes with it. No matter how mouth watering the offer is, never go for it.

 

[Adeyoola7]

Yes this question is good I like it buying property with uncompleted documents is like doing or buying some black market when acquired a property first thing you should go for is the paper of the property without it government can be sure you are truly the owner of the land and if another person come to claim it from you have nothing to defend your self than to submit your self to the government to take it over

 

[Mawome]

A house or land with incomplete documents is just like a stollen property, anyone who buys such house/ land is taking risk, becouse even the person that sold the property to you can even turn against you, becouse you don't have the complete property, me I can't even try that.

 

[kayode10]

The high level of risk it involves he's one of the downside of buying a property that has a incomplete document. You may risk losing your money and there's a possibility of facing a court case when the matter arise will be government. Incomplete documents may also be used against you in the nearest future.