11/08/2026
✍🏾The purchase price is not always the final amount you will spend.
Depending on the property, location, title and type of transaction, you may have additional costs such as:
1️⃣ Legal/Conveyancing Fees ⚖️
You may need a lawyer to review the title, conduct due diligence and prepare/review documents such as a Deed of Assignment or Agreement of Sale.
2️⃣ Agency/Professional Fees 🏢
Where an agent or professional intermediary is involved, there may be an agreed professional fee. Always clarify this before committing to the transaction.
3️⃣ Survey Costs 📐
For land purchases, a registered surveyor may be required to carry out a survey and prepare the necessary survey documentation.
4️⃣ Stamp Duty 🧾
Certain property-related instruments can attract stamp duty. The applicable amount depends on the instrument and the circumstances of the transaction. Stamp duty can be fixed or ad valorem.
5️⃣ Registration/Title Perfection Costs 📑
Depending on the property and location, there can be costs associated with registering or perfecting the interest/title, including applicable government charges.
6️⃣ Governor's Consent — where applicable 🏛️
Certain transactions involving an existing interest in land may require the relevant government's consent. This is one reason you shouldn't assume that every property has the same documentation or perfection cost.
7️⃣ Due Diligence/Search Costs 🔍
A proper investigation may involve searches and verification of the property's ownership, title, acquisition status, encumbrances and other relevant issues.
8️⃣ Development/Service Charges 🏘️
For properties within estates, you may have estate/service charges, security fees, facility maintenance fees, development levies or similar charges.
9️⃣ Renovation & Furnishing 🛋️
The property may be described as “finished,” but your actual move-in cost can still include wardrobes, curtains, kitchen upgrades, appliances, lighting, furniture and other improvements.
💡 THE IMPORTANT PART:
Don't ask only:
“How much is the property?”
Ask:
“What is my TOTAL acquisition and move-in cost?”
Because a ₦50 million property doesn't necessarily mean you should arrive with exactly ₦50 million.
The additional costs vary significantly depending on the property, transaction structure, location and applicable government charges, so ask for a proper cost breakdown before making payment.
At Pearlgee Properties, we believe an informed buyer is a protected buyer. 🏡
Don't just buy property. Buy wisely.
📩 Planning to buy land, a house or an investment property? Send us a DM.
Pearlgee Properties
Where Real Estate Meets Excellence🤝