How Nigerians in diaspora can buy property through payment plan in Lagos even while in abroad
Do you know the fear of most Nigerians in diaspora about buying property back home?
It is the fear of being scammed by agent, developer or even relatives. This fear has hindered so many Nigerians abroad from having something tangible to point back at home.
As a Nigerian living abroad, the desire to own property back home is natural whether it’s for relocation later in the future or making smart investment decisions.
However, another fear is the price, the fear of paying the full amount at once. I understand that the price of property in Lagos is on the high side. They are expensive due to several landmarks and Infrastructural facilities.
But nevertheless, the can still own your slice of Lagos!
Are you planning to own a property in Lagos either land or house but you are worring about paying the full amount at once. You don’t need to worry because installment plans are making people like you to acquire properties more than ever.
How Nigerians in Diaspora can Buy Property through Payment Plan in Lagos.
In this post, I’ll explain how to buy a property in installment in Lagos and what to look out for before you make attempt.
You’ll learn exactly how you can buy land or houses in Lagos without paying the full amount upfront, even while living abroad.
The payment plan is safe, flexible, and ideal for Nigerians in the diaspora looking to secure a genuine property back home.
In case you don’t fully understand what property payment plan is.
A payment plan is a flexible payment option that let you spread the cost of land or house of your interest over several months or a year with little or no interest.
Instead of paying ₦55million at once for a house you might start with a deposit of 20℅ and spread the balance in monthly or quarterly installments
Likewise If a land is ₦15million, you might start with ₦2million and spread the balance.
Before committing to any payment plan. Here are what to look out for;
- The estate must be genuine and free from government issues.
- Confirm if there are hidden charges or the price is all inclusive.
- Fully understand if the payment plan is structured monthly or quarterly.
- Understand if there a grace period or penalty for late payments.
Please Note: You will need to work with a trusted realtor who can verify the property and guide you through the process which I can do for you as a realtor.
Property payment plan allows you to spread the payment over 6, 12, or 24 months.
Some companies has outright payment of (0 to 3 months) or (0 to 6 months) without interest.
READ: 5 Easiest Ways to Buy Property in Lagos
This flexible plan is common in areas that are still developing or not yet developed like Ajah, Ibeju Lekki, Epe, and some areas in Ogun state.
As a Nigerian in diaspora, how can you buy a property in Lagos on installment plan?
Here’s how it works even if you’re not physically in Nigeria. Step by step process;
- Make enquiry about a property that suit your budget and location.
- Choose a verified property with installment plan.
- Do a virtual inspection or send someone you trust to inspect physically on your behalf.
- If you are satisfied, a soft copy of a form will be sent to you to fill.
- You’ll receive the company’s bank details and make initial deposit via bank app.
- Once you make initial deposit, you’ll receive documents like your receipt, invoice, contract of sales via your email.
- Spread the payment monthly. Most real estate companies prefer monthly payment by default failure to meet up attract penalty.
- Once you complete your payment, you’ll receive your allocation letter, survey plan, and deed of assignment via email.
- Then your relative or realtor will stand in for you for land allocation.
CHECK OUT: 3 Commercial Properties to Invest in Lagos
ALSO: Houses for Sale in Lagos with 12Months Payment Plan
You may also get the hard copies of your documents once you complete all your payment even if you’re abroad through courier service if you don’t want your relative, realtor or the company to keep it for you.
ALSO READ: How to Buy a Property in Nigeria without Losing your Money
You don’t have to wait until you’re back in Nigeria to own property. With the right guidance, a verified estate, and a flexible plan, you can begin your real estate journey from anywhere in the world.
Whether your goal is to own a home or build wealth, installment payment plans in Lagos real estate are a smart and safe way to start.
If you’d like to know available properties with installment payment options, feel free to reach out.
I will be glad to show you verified and affordable offers that fit your budget. Click the Whatsapp icon on the screen.
