FAQ
Popular Questions
Why should I buy from Oana Homes And Properties Ltd?
The Nigerian Cooperation Affairs Commission has us properly registered. We are licensed by the Lagos State Real Estate Regulatory Authority (LASRERA). We are also members of Nigeria’s Economic and Financial Crime Commission. We’ve been in the value-added business for several years. Above all, we work with trusted partners. Therefore, choosing Oana Homes and Properties means gaining a partner committed to your success. We offer personalized service, extensive market knowledge, and a proven track record of helping clients achieve their real estate goals. Our dedicated team is here to listen to your needs, provide expert advice, and navigate the complexities of the market on your behalf. With us, you’re not just another transaction; you’re a priority.
Do you sell properties only in Lagos?
No, we have properties in various parts of Nigeria, including Ogun, Enugu, Imo, Rivers, Anambra, Delta, Oyo, Abia, Abuja, Lagos, etc. And we also have plans to expand internationally soon.
What is the first step in the home-buying process?
The first step is getting pre-approved for a mortgage, so you know how much you can afford when searching for a home.
How much down payment do I need to buy a house?
Most buyers put down 10-20%, but some loans allow as little as 3% down, depending on your credit and loan type.
I live outside of Nigeria. How can I invest in properties in Nigeria?
The journey of investing in Nigeria through Oana Homes and Properties is seamless.
We make your investment journey very easy by offering our diaspora clients end-to-end services, which include virtual property tour, provision of documents for sighting, and secured online payment options. This enables clients to make informed decisions without the need to be present.
How long does it take to buy a home in Lagos?
On average, the home buying process takes between 30 to 60 days, depending on financing, inspections, and negotiations.
What is the difference between pre-qualified and pre-approved?
Pre-qualified is an estimate of what you may afford, while pre-approved means a lender has reviewed your credit and confirmed your eligibility for a loan.
What is the key factor to consider when buying a property?
Factors such as property title, accessibility, proximity to essential amenities, location, and security are very essential. We give all our clients proper guidance through this to ensure a smooth process.
What costs are involved in buying a home besides the down payment?
Buyers should also budget for closing costs, appraisal fees, home inspections, insurance, and moving expenses.
Do I need a real estate agent to buy a home?
While not required, hiring a buyer’s agent can help you negotiate better deals and navigate legal documents with ease.
What should I look for when viewing a home?
Check for structural issues, water damage, roof condition, neighbourhood noise, layout flow, and future resale potential.
Can I buy a home with bad credit?
Yes, some lenders offer home loans to buyers with lower credit scores, but you may need a higher down payment or accept higher interest rates.
What happens during a home inspection?
A professional inspector checks the condition of the home’s structure, systems, and components. Their report helps you identify repair needs before closing.
Is it better to buy a new construction or a resale home?
New construction offers modern features and fewer repairs, while resale homes may be more affordable and located in established neighbourhoods.
Is real estate still a good investment in 2025?
Yes, real estate remains one of the most reliable long-term investments, offering appreciation, passive income, and tax benefits.
What’s the best type of property for beginners to invest in?
Single-family homes and duplexes are great for beginners due to easier management and lower initial costs.
How do I calculate the ROI on a rental property?
ROI = (Annual Rental Income – Expenses) ÷ Total Investment × 100%. This helps you evaluate if the property is financially viable.
What are the risks of investing in real estate?
Risks include market fluctuations, property vacancies, maintenance costs, and interest rate increases.
Should I invest in residential or commercial real estate?
Residential properties are easier to manage for new investors, while commercial real estate offers higher income but requires more experience and capital.
How do I know if I’m getting a good deal on a home?
Compare recent sales in the area, assess the condition of the property, and consult your real estate agent for a comparative market analysis (CMA).
What’s the best time of year to buy a house?
The best time to buy a house in Nigeria is during the rainy season when flooding risks are visible. This helps you assess drainage and structural resilience before purchase.
How can I buy a house while selling my current one?
Options include using a bridge loan, making a contingent offer, or selling first and renting temporarily until you buy again.
Do I need to pay property taxes after buying a home?
Yes, homeowners must pay property taxes annually, usually through your mortgage escrow account.
How can I avoid common home buyer mistakes?
Avoid skipping inspections, overextending your budget, or making emotional decisions. Work with a trusted agent and research thoroughly.
What services does your real estate agency offer?
Our real estate agency offers property sales, land investments, rentals, and property management services tailored to meet your needs.
How do I choose the right real estate agency in Nigeria?
Choosing the right real estate agency involves checking for proper licensing, client reviews, local market knowledge, and a proven track record of success.
Why should I work with a professional real estate agency instead of buying property on my own?
A professional real estate agency provides expert guidance, legal support, and access to verified listings, helping you avoid risks and costly mistakes.