How to Find House for Sale in Nigeria (Step by Step Guide)

Finding the right house for sale in Nigeria can be an exciting yet challenging task, especially for first-time home buyers or property investors. 

The Nigerian real estate market offers a diverse range of properties, from luxury homes in upscale neighborhoods to more affordable houses in emerging areas. 

Whether you are searching for a home to live in or an investment property, this step-by-step guide will help you navigate the complexities of the Nigerian property market using industry-best practices and highly relevant real estate terminology.

1. Determine Your Budget

The first step in buying a house is understanding your financial capabilities. Your budget will determine the type, location, and size of the property you can afford. Assess your savings, income, and available financing options.

Key Tips:

• Get pre-approved for a mortgage: This helps you understand how much the bank is willing to lend based on your financial profile.
• Include other costs: Don’t forget about additional costs such as stamp duties, legal fees, survey plans, and agency fees.
• Down payment: Most sellers expect at least a 20-30% down payment for the property.

2. Define Your Property Requirements

Before diving into the search, clearly define your needs and preferences. Consider factors like location, type of house (bungalow, duplex, terrace, or detached), number of bedrooms, and available amenities.

Key Considerations:

• Location: Choose based on proximity to work, schools, hospitals, and access to major roads. In Nigeria, areas like Lekki, Ikoyi, and Victoria Island in Lagos or Asokoro, Gwarinpa, and Maitama in Abuja are highly sought after.
• Size and Style: Consider the size of the house based on your family’s needs and lifestyle. Duplexes, bungalows, and apartments are common choices.
• Amenities: Prioritize features such as parking spaces, security, water supply, electricity, and internet connectivity.

3. Start Your Property Search

Once your budget and preferences are defined, begin your search. There are various channels for finding houses for sale in Nigeria, and each has its own benefits. Some key methods include:

• Online Real Estate Portals: Websites like PropertyPro.ng, PrivateProperty.com.ng, and NigeriaPropertyCentre.com are great for finding listings. These platforms offer filters to narrow down options based on location, price, and property type.
• Estate Agents: Work with trusted and registered estate agents who have deep knowledge of specific areas. Ensure they are licensed by a recognized real estate organization such as the Nigerian Institution of Estate Surveyors and Valuers (NIESV).
• Social Media: Many realtors and property developers use platforms like Instagram, Facebook, and LinkedIn to advertise available properties. Following verified real estate accounts can give you an edge in finding new listings.
• Word of Mouth: Ask friends, family, or colleagues who may know about properties available for sale. Word of mouth remains a powerful tool in Nigerian real estate transactions.

4. Property Inspection

After shortlisting potential houses, it’s essential to schedule a property inspection. This step allows you to verify that the house matches the description and photos you’ve seen online.

During Inspection, Pay Attention To:

• Structural Integrity: Look out for cracks, leaks, and signs of water damage, especially during the rainy season.
• Property Size: Ensure the size of the rooms and general layout fits your needs.
• Security: Check for security features such as gates, fences, CCTV cameras, and whether the neighborhood has a security patrol or vigilante group.
• Utilities: Confirm the availability of constant water supply, electricity, and drainage systems.

Also, consider conducting multiple visits at different times of the day to assess traffic patterns, noise levels, and overall neighborhood activity.

5. Conduct Due Diligence

Before making an offer, it’s crucial to conduct due diligence to ensure that the property is legally sound and free of disputes.

Important Steps in Due Diligence:

• Verify Ownership: Check the title documents to confirm the seller’s ownership. Documents like the Certificate of Occupancy (C of O), Deed of Assignment, or Governor’s Consent should be carefully reviewed.
• Check Land Use: Make sure the property complies with zoning regulations in that area. In some places, certain types of buildings may not be allowed.
• Legal Advice: Hire a real estate lawyer to guide you through the verification process, draft agreements, and ensure compliance with local property laws.

6. Make an Offer

Once you are satisfied with the property and its legal standing, the next step is to make an offer. The offer price should be based on your budget and the property’s market value.

Negotiation Tips:

• Research Comparable Sales: Find out how much similar properties in the area have sold for to avoid overpaying.
• Negotiate Smartly: Be prepared to negotiate the price with the seller or their agent. Nigerian sellers often price their properties with some room for negotiation.
• Request Inclusions: If applicable, negotiate for certain items such as furniture, air conditioners, or generators to be included in the sale.

7. Finalizing the Purchase

After agreeing on the price, the sale process moves to the closing stage, where the paperwork is finalized.

Key Steps:

• Deposit Payment: Make the down payment as agreed in your contract.
• Sign the Deed of Sale: This document legally transfers ownership of the property from the seller to you. Ensure it is properly signed and witnessed by a legal practitioner.
• Obtain the Necessary Documents: These include the Deed of Assignment, Certificate of Occupancy (C of O), Survey Plan, and any other relevant legal documents.
• Registration with the Land Registry: Finally, register your newly acquired property at the Land Registry. This step is crucial for official recognition of ownership and helps avoid future disputes.

8. Move into Your New Home

After completing the transaction and receiving all legal documents, you can finally move into your new home or begin preparing it for rental or resale if it’s an investment property.

Things to Consider:

• Renovations: Depending on the condition of the house, you might want to renovate or make upgrades.
• Utility Connection: Set up your electricity, water, and internet connections before moving in.
• Property Management: If you’re buying the property as an investment, consider hiring a property management company to handle tenant issues and maintenance.

If You Want to Buy or Rent a House in Nigeria, Come to Nijahomzs

Looking for a reliable and trustworthy platform to find your dream home in Nigeria? At Nijahomzs, we offer a wide range of properties for sale or rent across Nigeria’s top cities. Whether you’re searching for a luxurious home in Lagos or a serene apartment in Abuja, our platform simplifies the property search process.

Our user-friendly platform allows you to filter properties based on your needs, connect with verified agents, and ensure seamless transactions. With Nijahomzs, you can be confident that you’re getting the best options in the Nigerian real estate market.

Conclusion

Finding a house for sale in Nigeria is a multi-step process that requires careful planning, research, and legal precautions. By following these steps, you can navigate the real estate market confidently and secure the property that meets your needs and budget. Always ensure to work with trusted professionals such as real estate agents, lawyers, and surveyors to avoid fraud and ensure a smooth property acquisition.