Buying your first home is one of the largest financial decisions you'll make. The market in 2026 has settled, but mortgage requirements, closing costs, and competition can still trip up unprepared buyers.
Start with a clear picture of what you can afford. Use an affordability calculator that accounts for current CBN lending rates, then layer in closing costs (typically 5–10% of the purchase price in Nigeria, including stamp duty and consent fees).
Get pre-approved before you start touring. A pre-approval signals to sellers that you're a serious buyer in competitive markets like Lekki, Ikoyi, and Maitama.
Hire a buyer's agent who specializes in the neighborhood you're targeting. A good agent will spot red flags during showings — Certificate of Occupancy issues, drainage, encroachments — that an excited buyer might miss.