'Seun Ibukun-Oni, Abuja
DAILY COURIER - Real estate investment opportunities now extend beyond borders, thanks to advancements in technology and seamless processes. This was the key message shared by Mrs. Chi Marchie, a US-based real estate broker, during a Real Estate Executive Master Class held at the Barcelona Hotel on Tuesday.
The event aimed to raise awareness among Nigerians about the potential to invest in properties outside their home country, particularly in the United States. Speaking to journalists, Mrs. Marchie emphasized that global connectivity has made it possible for individuals to expand their real estate portfolios internationally without leaving their home country.
Investing in the United States: A gateway for Nigerians
“The Real Estate Executive Master Class is designed to create awareness that your real estate business is not limited to your immediate environment. You can invest not just in Nigeria but also in the US or any other part of the world,” Mrs. Marchie explained.
Addressing the process of acquiring property in the United States, she highlighted two main pathways: paying the total amount upfront or financing through a lender company.
For those opting for financing, buyers are required to make an initial deposit of 30% of the property’s total cost. The remaining balance is covered by the lender, with repayments made in installments as per the agreement between the buyer and the lender.
Document requirements and seamless transactions
Mrs. Marchie outlined the documentation needed for Nigerians seeking to purchase properties in the US:
Proof of Income: Bank statements from the last two months to verify financial credibility.
Tax Clearance: Two years of tax records.
Passport: A valid passport data page.
Reference Letters: Three letters of reference from reputable banks.
One of the standout features of the process, according to Mrs. Marchie, is its simplicity and convenience. Transactions can be completed without the buyer needing to travel to the United States. Instead, the Title Company, which handles property transactions, coordinates with the American Embassy in Nigeria to finalize the purchase.
Secured and transparent system
Mrs. Marchie reassured potential investors of the safety of their funds, emphasizing that all financial dealings are conducted through the Title Company, not the real estate company. This arrangement eliminates the risk of embezzlement or fraud.
“One thing I want to assure Nigerians is that their money is secure. I want to build that confidence in them. We have done it. I have helped no less than four people here in Nigeria to secure their homes in the US,” she noted.
Building Global Real Estate Portfolios
The Master Class underscored the growing need for Nigerians to tap into global opportunities in the real estate sector. Mrs. Marchie highlighted that owning residential, commercial, or landed property in the US is not only achievable but also a strategic investment option.
“The world has gone global because of advancements in technology. You may be in Nigeria but can extend your business to America or any other part of the world,” she concluded.
The session ended with a call to action for Nigerians to explore overseas real estate opportunities, armed with the knowledge and confidence to navigate the process successfully.
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