5 Things to Check Before Paying a Deposit on Property in Lagos

Property scams are a real concern in Lagos — but a few simple checks can protect you. Here's what to verify before you part with your deposit.

Published by The Oasis Homes Team on 5 February 2025. Topics: Buyer Tips, Lagos, Off-Plan. Read more about Lagos real estate, off‑plan property, C of O, and investment opportunities at The Oasis Homes.

5 Things to Check Before Paying a Deposit on Property in Lagos
Buyer TipsLagosOff-Plan

5 Things to Check Before Paying a Deposit on Property in Lagos

The Oasis Homes Team··6 min read
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Property scams are a real concern in Lagos — but a few simple checks can protect you. Here's what to verify before you part with your deposit.

Lagos has no shortage of property opportunities — but it also has no shortage of stories about buyers who lost money to fraudulent developers. Before you pay a deposit on any property, here are five things you should always check.

1. Does the Property Have a Certificate of Occupancy?

This is non-negotiable. A genuine developer will have documentation proving legal ownership of the land. If they can't show you a C of O (or a clear path to one), proceed with extreme caution.

2. Can You Visit the Site?

A legitimate developer will encourage site visits. If a seller is reluctant to let you see the actual location, that's a red flag. Schedule a site visit with our team today.

3. Is the Developer's Track Record Verifiable?

Look for completed, delivered projects. Developments that have already been built and sold out (not just promised) are a strong signal of credibility. Our Glory City Phase 1 sold out completely — that's a track record you can verify.

4. Are Payment Terms in Writing?

Your payment plan — deposit amount, installment schedule, and total price — should be documented in a signed agreement, not just discussed verbally.

5. Who Are You Paying?

Payments should go to the registered company account, not a personal account. Always confirm the company's official details before transferring any money.

The Oasis Homes Approach

We've delivered and sold out multiple phases of Glory City and Oasis Court — with C of O on every unit and clear, documented payment plans. Transparency isn't an afterthought; it's how we operate.

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