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How To Buy a House in Nigeria: A 2025 Guide for First-Time Buyers (Step-by-step)

Credit: Primelocation

To buy a house in Nigeria requires careful planning, especially in high-demand areas like Lagos, Abuja, and Lekki. Key steps include setting a clear budget, verifying property documents with the Land Registry and CAC, and working with trusted real estate agents and lawyers to avoid scams. Mortgage options are expanding through the Federal Mortgage Bank of Nigeria and commercial banks, making homeownership more accessible. Whether you’re a local buyer or a member of the Nigerian diaspora, success in the real estate market this year depends on research, due diligence, and partnering with the right professionals.

Buying a house is everyone’s dream and the joy of finally getting to have one is beyond what words alone can express. However, owning housing property in Nigeria can seem like a great struggle if you lack the proper technical know-how and guidance.

For instance, you’ll have to go through a series of processes before getting to obtain a house in big cities like Lagos, Enugu, Asaba, and Abuja.

These choice locations demand a little carefulness and proper guidance, so you don’t end up throwing your hard-earned money into the scrap heap all in the name of buying a house.

But does it have to be that technical?

Certainly not.

Today, we’ll walk you through the step-by-step process to become the next house owner, even in your favorite city.

Let’s begin at once.

Credit: Primewaterviewng

#1. Find Out the Value of the Property

Successful investors always find out about the worth of the property they are investing in before diving into the investment.

They want to know if the house will be profitable and add value to their life or business. And that’s exactly the approach you want to take before investing.

I’m sure you don’t want your hard-earned to vanish so soon. You want to ensure that the house is worth its weight of gold.

Gauge the potential growth of this investment, will it bring you a 5%-30% increase within the next few years?

If not, why spend so much money only to get peanuts?

 

#2. Make Adequate Research About the Seller of the Property

Yes, you’re all excited to start living in the house and start living in the future as soon as possible but hear this.

Before settling to buy a house, make sure you know the actual seller.

The reason for this isn’t far-fetched if you consider the endless amount of scam issues experienced in this present day. Among other things be sure to know:

• Who is the owner of the property?
• Who is marketing the property?
• Is it the owner, the owner’s partner, son, daughter, or somebody else?
• Whose name is on the document? Is it the owner or the previous owner?
• What liabilities presently exist on the property?
• And other relevant questions

 

#3. Verify The True Owner of the Property

Before purchasing the plot of land or building, you want to make sure you check the “necessities,” one of which includes knowing the actual owner of the house.

You want to search for the property. This can include verifying from appropriate authorities if the property in question is inside the government non-inheritable properties or not.

You could also find out if there are any unfinished proceedings or problems on the property.

Also, note that you can refer all land-connected matters to The Bureau of Lands of Urban Center States.

They are the ones in charge of all land-connected matters in the urban center states. They have joint work in the Government secretariat, Alausa, Ikeja, Urban Center African country.

 

#4. Make Payment and Collect the Proper Documents

After checking through the above, you want to pay the property stipulated amount to the landowner and collect the:

• Purchase receipt
• Building arrangement
• Contract of sales
• Original copies of the relevant documents in possession of the owner

 

#5. File The Documentation for the New Purchase with the Authorities

Ensure you take the necessary steps to make sure the property checks the rules of all government-appropriate authorities to avoid punishments from the law shortly

For instance, if the property already includes a C of O (certificate of occupancy), you are safe with the government. If not, then you got to begin processing your C of O as shortly as doable.

 

#6. Appoint associate degree Factor to Assist Manage the Property.

Doing this will safeguard your investment, especially if you reside outside Urban Center African Countries or Overseas. People from the United Nations agency have been endowed with great success in the Urban Center African Country

Yeah! That’s it. you now have the necessary steps you need to take to buy a house in Nigeria in 2025, so go yonder and multiply!!

 

By kingkentus