Are you looking for a house to buy in
Abuja? To be more precise, are you looking for a house that has been advertised for sale? If your answer is yes, then there are a few things you need to know and put in place before approaching a potential seller for a deal – assuming you are new to Abuja property business or inexperienced;
You are not likely to find an
Abuja house for sale being marketed by the actual seller. Most times it is Abuja real Estate Agents who front for the sellers as middle men trying to broker a deal. The agents are paid a commission of 5% from both sides – buyer and seller and may add some amounts on the actual net price of the property.
You must have a budget for the property you hope to acquire. The maximum amount you’re willing to pay in order to acquire a property, ideally you may wish to know the market value of these properties before even attempting to place a ceiling mark to your budget. Keep in mind that location – which part of
Abuja is it located or proximity to the city center and available infrastructure.
Properties in prime locations in
Abuja such as Maitama, Asokoro, Wuse, Central Area and Garki are usually more expensive because they are in the city center than those in other parts of Abuja. The further away from the city center a property is located in Abuja, the lower the price of the house for sale.
What are your requirements for the house you wish to buy? Do you want a duplex with 5 rooms, a car park with space for 3 cars, a garden, secure and quiet environment with social amenities such as clinics, police post, markets/shops and schools among other things. Define what you want in the house you wish to buy before making contact with an agent to look for a suitable property for you to buy.
The actual transaction, the deal in which both you and the seller get to wrap up the details for the deal. This is where you get to stop by with your lawyer, the agent who met with you, the seller in person, his agent and his lawyer as well. The transaction will include you the buyer coming forward with an offer letter, the seller coming with original documents for the landed property and all other parties involved. This is where ownership of the house for sale takes place. Once the documents are authenticated as genuine, the ball is now in your court to make payment to the seller.