Faq

1. Who we are ?

There is an American expression by John F. Kennedy that says, « Don’t ask what your country can do for you, ask yourself what you can do for your country ». And it is in this surge of patriotism and for a cause greater than any of us that this project was born, bringing a new vision and conception of real estate ownership.

Evolution Realty Nigeria LTD understood that the fact that 95% of people belong to the branch of the unbanked and insolvent does not mean that they are really insolvent, but that in reality the opportunity has never been given to them to manage a loan at all.

With this in mind, we are prepared to no longer make credit an obstacle course, but rather to meet the needs in financing of citizens. We then gave ourselves the necessary means to manage exclusively and remotely installment payments and cash.

Our job today would be to obtain the necessary funds or guarantees to compensate for the lack of guarantees of some. In doing so, each “average” citizen (korope drivers, okada and keke riders, cleaning lady, taxi drivers, security guards, mechanics, cooks, butchers, or any other workers) will be able to access property (land, villas or apartments) on credit, without down payment and without guarantee.

We also aim to work within the framework of decentralization, decongestion of cities, and fiercely fight against rural exodus and poverty.

In sub Saharan Africa, a home = dignity

2. How long will it take for me to access and enjoy my plot?

This question has three answers linked to three conditions which follow:

• If you are buying cash, you will immediately be eligible to access and enjoy your plot.
• If you are buying with at least twenty percent 20% initial deposit, you will immediately be eligible to access and enjoy your plot also.
• But if you are buying with zero initial deposit, and zero guarantee, you will only be eligible to access and enjoy your plot after reaching fifty percent (50%) of your contract amount.

3. If I have not finished paying off my plot, will I still have the right to access and enjoy my plot?

Even if you haven’t finished paying off, you can be eligible to access and enjoy your plot as soon as you reach fifty percent (50%) of your contract amount.

4. And if despite the fact that I have not finished paying off my plot I wanted to build a villa on my plot, is it possible?

Even if you haven’t finished paying off, you can be eligible to build on your plot as soon as you reach fifty percent (50%) of your contract amount. This is definitely possible if you are up to date with your monthly payments. It is just a matter of remembering that apart from the commitment you want to make regarding the construction of your dream home, you had made one previously (for the plot). Honoring that contract will protect you from any potential contentious situation.

5. Is it possible to take out a second loan from you or your partners for the construction of a villa on my plot, even if I have not finished paying it off?

For us this is a very common and acceptable procedure. We can grant you or have you granted a construction loan provided that your transferable portion can cover the monthly payment of your plot combined with the monthly payment of your villa of choice.

Transferable portion = (Salary – All monthly debts)/3 ≥ Monthly plot payments +
Monthly house payments

6. And in these kinds of cases, how long will it take to access and enjoy my villa?

Though all applications submitted must go through the banks and financial institutions for approval, we can guarantee a period of construction of four months thereafter.

In short, the access and enjoyment of the villa will be done under three circumstances:

If our partners and other financial institutions have denied your loan application

you can start building equity with us by constituting the required initial deposit of twenty percent (20%) on a monthly payment basis.
When the payments reach the twenty percent, we will only need four months to build and deliver your new house, while you continue making payments for the remainder.

If a villa is ready and available

If the plot containing the new villa has the same size as the one that belongs to you, it could immediately be delivered to you after a twenty percent (20%) initial deposit is made as well as financing arrangements.

If a villa is not available

you will still be required to give an initial twenty percent (20%) deposit and obtain financing arrangements.
you will also need to allow four months after confirmation of financing arrangements to have access and enjoy the built property.

7. And how soon could I access and enjoy any other item I get from you?

• For furnitures and household appliances, deliveries will be made immediately after financial institutions approvals.
• For motorcycles and cars, deliveries will be made immediately after financial institutions approvals.

8. What do you offer that is so special?

• Sales with or without initial deposit
• Sales with or without guarantee
• Sales with tailor-made monthly payments between 5 and 25 years
• Personalized monthly payments
• Respectable prices on the market

9. What is the minimum initial deposit required by EVOLUTION REALTY NIGERIA LTD?

Le The minimum initial deposit to obtain an item at EVOLUTION REALTY NIGERIA LTD varies between 0% and 20% for those who like surprises and gifts (for real estate). For other items (non-real estate), the initial deposit varies according to the requirements of the Risk Department.

10. Will your plots, villas and apartments be deed of conveyance or deed of assignments, (village attributions), gazettes, governor’s consent, certificate of occupancy (C of O), allocation permit?

We have several forms of collaboration with landowners, allowing us to obtain several types of documents for you, depending on the level of progress achieved. According to these different collaborations, the only official documents that we will prefer to deliver in the long term will be gazettes, governor’s consent, certificate of occupancy (C of O), allocation permit which you will have the possibility in a short time, with the help of the accredited lawyer, to change into your own name.

But you should not forget that with a document proving your ownership and proving the future land title in your name, pending, you can guarantee bank loans or make any feasible transaction with a definitive land title, if the bank is solid and reputable.

11. Who is your accredited lawyer?

Resolution Law Firm
Barr Olusola Jegede
50/52 Toyin St, Opebi, Ikeja,
Lagos, NIGERIA

12. What are the different forms of payment that you accept?

• Cash
• Certified bank checks
• Bank transfers
• E & POS Direct payments

13. Where and how to make payments?

To make your payments, you have four choices:

• 1 Make payments in one of the partner banks or institutions where we have accounts, then bring us back, send by email or fax the payment slip for validation. You are requested to contact your branch managers in order to have the account numbers in which to make payments.
• 2 We can deduct at source, that is to say from the source of your salary (your accounting or HRD), with your prior authorization.
• 3 We can also withdraw directly from your bank account with your prior authorization.
• 4 We can also directly debit from your credit card with your prior authorization.

14. What to do in the event of death while I am protected?

We have a protection already included in your monthly payments and provided for this purpose, so that your designated beneficiaries can confidently benefit from the property you are paying for.
IN THE EVENT OF A DEATH, the beneficiaries must submit a letter announcing the event, within (10) ten days of the date of the event, at EVOLUTION REALTY NIGERIA LTD
Telephones : 0912 325 7172 or 0912 454 3636, including the required documents before any payment can be honored. Any failure to provide these documents within (20) twenty days following the date will result in the outright cancellation of any compensation and protection in this case.

15. What to do in the event of complete disability while I am protected?

We have protection already included in your monthly payments and provided for this purpose, so that you and your beneficiaries can benefit with complete peace of mind from the property you are paying for.
IN THE EVENT OF AN INVALIDITY, the beneficiaries must submit a letter announcing the event, within (10) ten days of the date of the event, at EVOLUTION REALTY NIGERIA LTD
Telephones : 0912 325 7172 or 0912 454 3636, including the required documents before any payment can be honored. Any failure to provide these documents within (20) twenty days following the date will result in the outright cancellation of any compensation and protection in this case.

16. What to do in the event of loss of employment or revenues for the liberal professions?

We have protection already included in your monthly payments and provided for this purpose, so that you can benefit with complete peace of mind from a breathing space period during which you would only pay a 10% deductible from the monthly amount payable. If in normal times you paid ₦30,000, in these kinds of bad times you would only pay ₦3,000, leaving to the responsible company, the monthly remainder of the payment.

IN THE EVENT OF A LOSS OF JOB OR REVENUES, the beneficiaries must submit a letter announcing the event, within (10) ten days of the date of the event, at EVOLUTION REALTY NIGERIA LTD
Telephones: 0912 325 7172 or 0912 454 3636, including the required documents before any payment can be honored. Any failure to provide these documents within (20) twenty days following the date will result in the outright cancellation of any compensation and protection in this case.

17. Can I earn a living in collaboration with EVOLUTION REALTY NIGERIA LTD?

Il There are three ways of collaborating and earning a living with EVOLUTION REALTY NIGERIA LTD:

• 1 You can be any agency, or an individual and sell our products for one-off commissions.
• 2 During the acquisition of your plot and then your villa or apartment, you will notice that the prices gradually increase over the months and years, causing instant gains of around 50 to 100% for villas or apartments and up to at 200% for land. It is up to you as an individual, private or corporate investor to choose the optimal time to resell.
• 3 You can also acquire a plot, build a villa and then rent it out, given the fact that any fully completed and ready-to-rent house or apartment will be worth almost double its monthly payment, automatically resulting in the gain of residual income as follow : « Monthly Rent Amount – Monthly Payment Amount = Residual Income »

18. If I represent a housing cooperative, a mutual or simply a very large number of people wishing to find housing, how can I contact you?

If you represent a cooperative, simply contact the head of the branch who will transfer you to the proper contact. Know in advance how many you are, and have the salary amount of each, including the cell phone number of each of your members on a list that you will give to them. This will facilitate the beginnings of a great collaboration.

19. What are the typical infrastructures that will be in and around your sites?

In or around a typical EVOLUTION REALTY NIGERIA LTD site there will be :

• Shops
• Mini markets
• Telecentres
• Schools
• Green space development
• Public gardens
• Places of worship
• Sports fields
• Water and electricity facilities

20. What are the typical places where you prefer to set up your sites?

The following features are favorable to the selection of our sites :

• Protected parks or unbuildable areas would be great around the site to allow safety zones for children and picnic areas for the family.
• One or two towns or administrative centers nearby to allow access to an administrative area if necessary.
• A nearby health center or hospital in case of illness or medical evacuation.
• Access to a national road as well as to buses and taxis is crucial
• Access to any beach would not be refused either

21. What to do to get an article at EVOLUTION REALTY NIGERIA LTD?

All you have to do is go to one of the EVOLUTION REALTY NIGERIA LTD agencies with 3 identity photos, a photocopy of your identity document and the costs of opening and setting up fee, or simply go to www.erealtorsnga.com, then select « Our products », and click on « reservation ».

22. If I live abroad, what can I do to get an item from EVOLUTION REALTY NIGERIA LTD?

You have 2 choices:

• Send someone with a letter of power of attorney to one of our agencies with 3 identity photos, a photocopy of your identity document and the costs of opening and setting up the file.
• Or go to www.erealtynga.com, then select « our products », and then click on « reservation ».

23. What documents will be required to join the EVOLUTION REALTY NIGERIA LTD project

If you are a local employee

• 3 identity photos
• 1 photocopy of identity document
• 3 last pay slips
• 1 water, electricity or telephone bill of your residence
• 1 site location map of your home
• 1 letter of request of attribution addressed to EVOLUTION REALTY NIGERIA LTD
• 1 letter of engagement

If you are a self-employed worker, trader, business man or woman

• 3 identity photos
• 1 photocopy of identity document
• 1 photocopy of the trade registration or merchant card or last 3 bank statements (any real proof of activity)
• 1 water, electricity or telephone bill of your residence
• 1 site location map of your home
• 1 letter of request of attribution addressed to EVOLUTION REALTY NIGERIA LTD
• 1 letter of engagement

If you are abroad

• 3 identity photos
• 1 photocopy of identity document
• 1 justification of revenues of any kind
• 2 telephone numbers abroad and one at home.
• 2 numéros de téléphone à l’étranger et 1 au pays.
• 1 duly signed and legalized power of attorney designating the one who will be in charge and responsible for all procedures and signatures during your absence.
• 1 document justifying your address abroad, water, cable, internet, electricity or telephone bill of your residence.
• 1 site location map of your home
• 1 letter of request of attribution addressed to EVOLUTION REALTY NIGERIA LTD
• 1 letter of engagement

PS: For those of you abroad, you can scan everything and send by email to info@erealtynga.com, then regularize physically or by your representative later.

24. What real estate products will be available at EVOLUTION REALTY NIGERIA LTD?

We will offer plots of 300 to 600 m2, and more, villas of 300 m2 to 600 m2, and even more, apartments of 75 to 250 m2.

25. Will your fridges, televisions, living rooms, dining rooms and other equipment be new or used?

Other than cars, everything we offer as a product will be brand new to unbox yourself.

26. Do you currently have other sites currently?

To see the other sites we have in a country, go to www.erealtorsnga.com, then select “product” and choose a site.

27. What if I have a problem with one of your products?

It is practically impossible to have a problem with our products, but if you have an unimaginable problem, contact our agency. We are convinced that together we will find a satisfactory solution for all parties.