Before you subscribe to land or a house
A structured checklist for verifying land, housing and estate purchase decisions in Nigeria.
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A structured checklist for verifying land, housing and estate purchase decisions in Nigeria.
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How to prepare for an initial affordability review before proceeding with a home-financing application.
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A practical field checklist for comparing a property with its documents and marketing descriptions.
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INSIGHTS / DEVELOP
A structured checklist for verifying land, housing and estate purchase decisions in Nigeria.
An estate gate is useful for locating a site, but signage and buildings do not establish title. Compare the exact plot or unit reference with survey records, seller authority and independent legal searches before committing funds.
Identify the exact project, developer or lawful seller, plot or unit, and location. Ask whether the current offer is for land, an off-plan unit or a completed property.
Before you commit funds, have a qualified independent professional inspect the survey, title documents and applicable planning information. The type of evidence required depends on the property and local land administration.
Price is only one part of the total commitment. Payment deadlines, allocation procedures, service charges, construction timelines and refund or termination conditions should all be in writing.
Visit the site where practical, keep a record of what was shown, and reconcile any differences with the written offer. Treat marketing photographs as supporting material, not proof of title or current availability.
Before relying on a brochure or verbal assurance, identify who is legally entitled to sell the property and who may receive payments on that party’s behalf. Confirm names and addresses through appropriate independent checks. If the property is part of an estate or off-plan development, distinguish the company promoting the project from the entity that actually owns or controls the land. Request written clarification of any agency relationship, authority to sell and the process for confirming payments.
The headline price can differ from the amount needed to complete a property purchase. Ask for the costs of surveying, documentation, legal review, applicable taxes, registration, agency services, development levies, utilities and recurring estate charges. Consider whether a deposit reserves a property, purchases an enforceable right or simply begins an application. Compare the timing and obligations in any payment plan against reliable cash flow, and ensure the cancellation and refund conditions are clearly recorded.
An inspection should connect the advertised property to a verifiable location and condition. Confirm the exact address, plot or unit reference and authorized person accompanying the visit. Compare boundaries, surrounding access roads, drainage, utilities, elevation, nearby activity and any visible construction progress with the documents provided. Ask what is already available and what is only projected. Photograph or take notes only with permission, and follow up in writing if the physical site differs from what was presented.
Before making a binding financial commitment, bring together the title records, survey materials, current price schedule, contractual terms, inspection notes and responses to outstanding questions. Independent property-law and surveying advice may be needed to establish whether the seller can transfer the rights described and whether the property matches the documents. You should be able to explain not only what you want to buy, but what rights you are actually acquiring, what remains uncertain and what will happen if the transaction does not proceed as anticipated.
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