How to Avoid These 3 Common Mistakes When Negotiating A Property Deal in Nigeria

Feb 23, 2024


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How to Avoid These 3 Common Mistakes When Negotiating A Property Deal in Nigeria


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Hi, do you have the intention of buying, selling, or leasing a property here in Nigeria and not fall prey to excessive bargaining, stress, or con artists?

We will discuss some of the most common blunders that individuals make when negotiating a property deal in Nigeria in this article. We'll also show you how to avoid them and use, Nigeria's most popular online platform for real estate market insights, to achieve your real estate goals.

Now let's get started!


Mistake #1: Not Doing Your Homework

Individuals in Nigeria frequently commit the error of not doing all necessary investigation prior to arranging a property bargain. This implies not exploring the property, the market, the seller, the purchaser, the specialist, and the legal parts of the deal.

In the event that you don't get the work done, you risk overpaying, under-selling, passing up open doors, or causing problems. In the negotiation, you likewise lose credibility and your capacity to bargain.

We have completed the vast majority of the troublesome errand for you so you won't make this mistake by putting the seller's information at your disposal via our website.

Additional homework would be to check the title, deed, and survey of the property to make sure there are no liens, encumbrances, or disputes. to look at the property too and look for any blemishes, hurt, or required fixes.


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Mistake #2: Being Excessively Anxious to Finalize the Deal

When you find a house you love, do you at any point hope to say "YES" and move in immediately? Wait a minute! In Nigeria, it tends to be a poorly bad idea to be excessively anxious to finalize the negotiation. Why? Since you could give up your influence to negotiate or consent to something not as much as what you deserve, thereby leaving cash on the table.

You can loose your bargaining power, integrity, and happiness with the purchase or sales if you rush to finish the transaction. You end up not receiving the pay you deserve, accepting less than you are due, or making a decision that you will later come to regret. Additionally, you miss out on the chance to investigate alternative options.

To avoid this mistake, you need to be patient and strategic in the negotiation. You need to:

- Know your “best alternative to a negotiated agreement” (BATNA), or the best option you have if you walk away from the deal

- Know your reservation value or the minimum or maximum amount you are willing to accept or pay for the deal

- Know the other party’s BATNA and reservation value, or estimate them as best as you can

- Make or ask for multiple offers and compare them with your BATNA and reservation value

- Negotiate on multiple issues and look for trade-offs and synergies

- Always have your property lawyers and surveyor at hand.

Being patient and strategic will help you with abstaining from agreeing to less, and assist you with getting the most ideal arrangement for yourself.

Mistake #3: Not Using

The last, but not the least, common mistake that people make when negotiating a property deal in Nigeria is not using This means not using the awesome features and advantages that gives people in Nigeria who want to buy, sell, or invest in real estate.

If you don't use, you might miss out on the greatest offers, homes, and real estate trends in Nigeria. Additionally, you might squander time, money, and energy on unreliable, outdated, or poorly functioning platforms. You also pass up the opportunity to interact, grow, and learn with other real estate enthusiasts in the Zerodip community.

To avoid this mistake, you need to use in your property search and negotiation. You need to:

- Visit and browse through thousands of properties for sale, rent, or short-let in Nigeria

- Use Zerodip’s advanced search engine and filters to find the perfect property for your needs, preferences, and budget

- Use Zerodip’s in-depth property analysis and market metrics alert (MMA) to get the intelligence you need to make a smart decision with a property

- Use Zerodip’s innovative ZerAI to get real-time information and recommendations on properties and their features in any location

- Use Zerodip’s comprehensive expert guides and research reports to get the latest and most relevant information and advice on the Nigerian property market

You can use to find your dream home, get the best deal, and reach your real estate goals in Nigeria.


Do not make these common mistakes above when negotiating. They will help you get better results and get more out of your real estate deals.

And remember, is your partner in finding and selling property intelligently in Nigeria. There are many ways to use to buy, sell, rent, or invest in real estate.

Go to right now to find out how we can help you make your property dreams come true. 😊.

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We try to make sure that the information here is accurate at the time of publishing. But the property market moves fast and some information may now be out of date. Zerodip accepts no responsibility or liability for any decisions you make based on the information provided. Graphics and images used here are for information purposes - we do not have ownership right over them.

How to Avoid These 3 Common Mistakes When Negotiating A Property Deal in Nigeria

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