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Mistakes to Avoid When Buying Property in an Estate in Lagos by Dennis Isong

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Investing in real estate, especially in Lagos, Nigeria, can be a lucrative opportunity, but it’s not without its pitfalls. Lagos is known for its dynamic property market, with a wide range of options, including estates.

However, navigating this market requires careful planning and consideration to avoid common mistakes that could lead to financial losses or legal issues.

In this article, we will highlight the mistakes you should avoid when buying property in an estate in Lagos.

● Lack of Due Diligence
One of the most crucial steps when buying property in an estate is conducting thorough due diligence.

Failing to investigate the property’s history, ownership, and legal status can be a costly mistake.

Make sure to obtain all necessary documents, including a Certificate of Occupancy (C of O) and a survey plan. Verify the property’s ownership and history to ensure it is free of disputes and encumbrances.

● Ignoring Location Considerations
Lagos is a sprawling city with varying property values depending on location.

Failing to consider the location carefully can lead to dissatisfaction with your investment.

Evaluate the estate’s proximity to essential amenities like schools, healthcare facilities, markets, and transportation hubs.

Also, consider the security and infrastructure in the area.

● Overlooking the Reputation of the Estate Developer
The reputation and track record of the estate developer are crucial.

Avoid buying property in an estate developed by a company with a history of legal issues, subpar construction quality, or delays in project delivery.

Research the developer’s past projects and seek feedback from previous buyers.

● Not Inspecting the Property
Never buy property without physically inspecting it. Pictures and descriptions can be misleading, and visiting the site allows you to assess the property’s condition, potential renovation needs, and whether it aligns with your expectations.

● Skipping a Property Inspection
In Lagos, some properties may be subject to flooding during the rainy season.

Ignoring a proper inspection, which includes checking for flood risk and drainage systems, can lead to devastating consequences.

Engage a qualified surveyor or engineer to assess these factors.

Avoid buying property in an estate developed by a company with a history of legal issues, subpar construction quality, or delays in project delivery

● Overextending Financially
Avoid the mistake of stretching your finances too thin to acquire property.

Carefully assess your budget, including the purchase price, legal fees, taxes, and potential renovation costs.

Create a realistic financial plan to ensure you can comfortably afford the property without jeopardizing your financial stability.

● Neglecting Legal Assistance
Property transactions in Lagos can be complex, and legal guidance is essential to protect your interests.

Hire a reputable real estate attorney who specializes in Lagos property law. They can review contracts, conduct due diligence, and ensure all legal requirements are met.

● Not Understanding Estate Rules and Regulations
Each estate in Lagos may have specific rules and regulations governing property ownership and management.

These rules can affect your ability to use, rent, or resell your property. It’s essential to understand and abide by these regulations to avoid potential conflicts or penalties.

● Not Considering Future Growth
Lagos is a rapidly growing city, and the landscape can change significantly in a short time.

Failing to consider potential developments and infrastructure projects in the area can lead to missed opportunities or reduced property value appreciation.

Research upcoming projects and urban planning initiatives that could impact the estate you’re interested in.

● Underestimating Maintenance Costs
Owning property in an estate comes with ongoing maintenance responsibilities and associated costs.

These can include security fees, waste management, and common area upkeep.

Ensure you are aware of these expenses and budget for them accordingly to avoid financial strain in the long run.

● Relying Solely on Verbal Agreements
In real estate transactions, verbal agreements hold little to no legal weight.

Always insist on putting all agreements in writing, including terms, conditions, and any promises made by the seller or developer.

A written contract protects your interests and ensures both parties are held accountable.

● Rushing the Decision-Making Process
Buying property is a significant decision that shouldn’t be rushed. Take your time to thoroughly research, evaluate, and compare different options.

Don’t succumb to pressure from developers or agents to make a hasty decision. A well-informed and patient approach can lead to a more successful purchase.

● Neglecting Property Resale Value
While you may be focused on your immediate needs and preferences when buying property, it’s essential to consider its resale value. Market conditions can change, and you might need to sell the property in the future.

Choose a property that has the potential for appreciation and appeal to a broad range of buyers.

▪︎Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041

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Governor Soludo Mourns Pope Francis, consoles Catholic Faithful

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Anambra State Governor, Professor Chukwuma Charles Soludo, CFR, has expressed deep sadness at the passing of His Holiness, Pope Francis, who departed peacefully on Easter Monday, April 21, 2025, at the age of 88.

In his condolence message, Governor Soludo extends his solemn condolences to the Catholic Church in Anambra State, Nigeria, the Vatican, and the global Christian community.

He said the loss of Pope Francis, a globally respected icon of faith, humility, and compassion, has indeed grieved the hearts of Catholics and all humanity as his lifelong dedication to championing the cause of the poor, fostering interfaith unity, and advocating for peace and justice has left the world a better place.

Governor Soludo further remarked that “Pope Francis was a shepherd whose legacy transcended borders” .

“His teachings on love, mercy, and solidarity touched base with the people of Anambra, inspiring the government to build a society rooted in dignity and hope” .

“Indeed, the Holy Father’s passing on Easter Monday, a day symbolising Christ’s triumph over death, is deeply instructive and a reflection on the enduring power of resurrection and hope” .

Governor Soludo however stands in solidarity with the global Catholic community during this period of mourning, celebrating a life extraordinarily lived in service to God and humanity, and praying for the soul of Pope Francis to find repose in the comforting grace of the Almighty God.

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BREAKING: Pope Francis dies at 88

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Pope Francis has died at the age of 88.

The Vatican confirmed that the pontiff passed away on Easter Monday at his residence in the Casa Santa Marta within Vatican City.

Camerlengo of the Apostolic Chamber, Cardinal Kevin Farrell, announced the death of Pope Francis from the Casa Santa Marta on Monday morning.

Farrel said the Pope died at exactly 7.35am.

His death comes hours after he greeted Catholic faithful who were at the Vatican on Sunday for the Easter mass.

The announcement by Cardinal Farrel read, “Dearest brothers and sisters, with deep sorrow, I must announce the death of our Holy Father Francis.

“At 7:35 this morning, the Bishop of Rome, Francis, returned to the house of the Father.

“His entire life was dedicated to the service of the Lord and of His Church. He taught us to live the values of the Gospel with fidelity, courage, and universal love, especially in favour of the poorest and most marginalised.

“With immense gratitude for his example as a true disciple of the Lord Jesus, we commend the soul of Pope Francis to the infinite merciful love of the One and Triune God.

”It would be recalled that Pope has been undergoing recovery after he was discharged from the Agostino Gemelli Polyclinic Hospital.

After 38 days in hospital, the late Pope returned to his Vatican residence at the Casa Santa Marta to continue his recovery.

The Pope was admitted on Friday, February 14, 2025, after suffering from a bout of bronchitis for several days.

Pope Francis’ clinical situation gradually worsened, and his doctors diagnosed bilateral pneumonia on Tuesday, February 18.

In 1957, in his early 20s, Jorge Mario Bergoglio underwent surgery in his native Argentina to remove a portion of his lung that had been affected by a severe respiratory infection.

As he aged, Pope Francis frequently suffered bouts of respiratory illnesses, even cancelling a planned visit to the United Arab Emirates in November 2023 due to influenza and lung inflammation.

In April 2024, the late Pope Francis approved an updated edition of the liturgical book for papal funeral rites, which will guide the funeral Mass, which has yet to be announced.

The second edition of the Ordo Exsequiarum Romani Pontificis introduces several new elements, including how the Pope’s mortal remains are to be handled after death.

The ascertainment of death takes place in the chapel, rather than in the room where he died, and his body is immediately placed inside the coffin.

According to Archbishop Diego Ravelli, Master of Apostolic Ceremonies, the late Pope Francis had requested that the funeral rites be simplified and focused on expressing the faith of the Church in the Risen Body of Christ.

“The renewed rite,” said Archbishop Ravelli, “seeks to emphasise even more that the funeral of the Roman Pontiff is that of a pastor and disciple of Christ and not of a powerful person of this world.”

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JUST IN: Senate shifts resumption to May 6

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The leadership of the 10th Senate has announced a shift in the date of its resumption.

The earlier date for resumption was fixed for April 29, 2025.

However, the new date has been adjusted to May 6.

The announcement was contained in an internal memo dated April 20, 2025, addressed to all senators and signed by the Senate Clerk, Andrew Ogbonna Nwoba.

The postponement was hinged on the International Workers’ Day public holiday, which is celebrated on May 1 and for the lawmakers to take their time to attend to key constituency engagements.

The circular reads, “Distinguished Senators, I am directed to inform you that the resumption of plenary sittings of the Senate, earlier scheduled for Monday, 29th April 2025, has been rescheduled to Tuesday, 6th May 2025.

“This postponement is made to allow Distinguished Senators to stay with their constituents during the International Workers’ Day public holiday in the first week of May and to further enhance constituency engagements.

“Distinguished Senators are kindly requested to take note of this postponement while regretting any inconvenience the change might have caused.”

Recall that the Senate had on March 27 adjourned the plenary to allow lawmakers to observe the Easter and Eid-El-Fitr holidays.

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