Answers buyers ask before they commit.

Ans: If your land is revoked due to none or irregular payment of your subscription or you indicated your interest at discontinuing the transaction, refund is subject to resale of your plot and you get your contribution less Cost of Deed of Contract and 30% administrative charges in the least (effective from May 15, 2013).  Kindly note also that these charges are subject to review.

Ans: After the payment of the initial deposit you are expected to pay the balance monthly. Nonpayment monthly as at when due will be treated as fundamental breach of contract which can result to termination or revocation of contract. The developer is not required to put you on notice in this case and this is subject to appropriate deductions.

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Ans: You can start building on the land immediately after physical allocation and payment of the stipulated total development levy.

Ans: Yes the road to P.E Igbesa is very accessible all season.

Ans: Yes, you are limited to building residential houses within the area designated as residential and commercial structures in areas designated as commercial. Provision of shops in residential houses and building of tenement house type (popularly known as FACE ME I FACE YOU) is not permitted.

Ans: 18 months after allocation for at least fence and gate and after another 5years for structural development, making a total of 6 year and 6 months grace period after allocation.

Ans. Realty Point Limited may buy back plots from subscribers who have paid up on their land or assist to get a buyer. A charge (agency fee) is deducted from purchase/selling/current price in either of the cases. Note that transfer fee is also payable by either of the parties (seller or buyer).

Yes, Realty Point Limited has Mortgage Institutions that are ready to partner with us in providing NHF and other Mortgage loan for subscribers.

Ans: Payment for land Payment for Documentation Letter acknowledging full payment for land and reserving the equivalent of plot(s) paid for within the concerned Survey &Development Levy Deposit. Development Levy Balance or at least commencement of payment and agreed plan for subsequent payment till completion. Allocation by letter Physical allocation of construction Final payment of Development Levy Signing of the Deed of Assignment.

Ans: While we are not discrediting anybody, we strongly advise that cash should be paid to REALTY POINT LIMITED designated bank accounts. Otherwise, cheques should be issued in favor of REALTY POINT LIMITED only. Please note that the management of REALTY POINT LIMITED/ PRIME EXCHANGE accepts no responsibility for any liability that may arise as a result of deviation from the above instruction.

Ans: The real estate industry just like most others is a dynamic industry and as such things get to change from time to time most especially for the better. However, any change, amendment or modification shall be communicated and endorsed by REALTY POINT LIMITED. Such communication shall be via letters, electronic mails, fax, short message service (SMS), handbill, posters and any other means of communication. This correspondence shall be deemed to have been received by the CLIENT having been sent by REALTY POINT LIMITED.

Ans:    Prime Estate Phase 1,  Prime Estate Phase 2,  Prime  Estate Igbesa

Ans: Prime Estates 1& 2 are on Papalanto Road, Ofada via Mowe, Obafemi Owode Local Government Area, Ogun State; about 25 minutes drive from Lagos end of the toll gate. Prime Estate, Igbesa is close to Agbara, off Lagos-Badagry expressway, within a stone throw from Gateway Polytechnic and Crawford University.

Ans: 3-Bedroom fully-detached bungalow 3- Bedroom Semi-detached bungalow 3-Bedroom fully detached bungalow with an attached 1 room BQ

Ans: Realty Point Limited

Ans: Over 1000 units spread around the Estates.

Ans: Type A 3-Bedroom fully-detached from N7.5m 3-Bedroom Semi-detached bungalow from N7.4m 3-Bedroom fully detached bungalow with an attached 1 room BQ from N8.4m Note that prices are subject to review.  Ans: Type B 3-Bedroom fully-detached from N9.73m 3-Bedroom Semi-detached bungalow from N9.58m 3-Bedroom fully detached bungalow with an attached 1 room BQ from N10.68m Note that prices are subject to review.

Ans: 20% initial deposit and balance spread over 24 equal monthly installments. One –off payment and/or group of 5 buyers upward attracts 2.5% discount 20% down Payment and Mortgage for qualified prospects (regular mortgage or hybrid of regular mortgage and NHF) 30% initial deposit and balance spread over 60equal monthly installments(Rent-To-Own Option). With this option, the apartment can be occupied by the purchaser or rented house under Realty Point Limited’s property management desk for the Purchaser immediately after the initial deposit (30%) and the first monthly installment of the 60months installments are made by the Purchaser. Others as may be discussed and agreed upon.

Ans: Yes, this is allowed in maximum of 6 equal monthly installments. Note however, that processing of unit or reservation is on a first to complete the initial deposit basis. Therefore, the earlier you make up your deposit the better.