Calculate agent fees and all transaction costs for property sales or rentals in Nigeria.
Typically 5-10% for sales in Nigeria
Sale Transaction Costs
Total transaction costs
₦2,700,000
Fee Breakdown
Estimates only. Rates vary by agent, state, and negotiation. Always get a written breakdown from your agent before committing.
Estate agent commission for property sales in Nigeria typically ranges from 5% to 10% of the sale price, with 5-7.5% being most common. The rate depends on the agent, property location, and the terms negotiated. Some agents in Lagos charge a flat 10% for high-value properties.
For rental properties, Nigerian agents typically charge 10% of one year's rent as their commission, paid by the tenant. Some agents also charge the landlord a separate fee. In addition to agent commission, tenants usually pay a legal/agreement fee of 5-10% of annual rent.
In a property sale, the estate agent's commission is typically paid by the seller. However, some agents charge both buyer and seller. This should always be agreed in writing before the transaction begins.
Yes, estate agent fees are negotiable in Nigeria, especially for higher-value properties or if you are bringing the agent multiple listings. Getting quotes from several agents and being clear about the services included can help you secure a better rate.
Yes. Legal fees for a property sale or purchase in Nigeria are typically 1-2% of the transaction value, paid to a solicitor who handles the deed preparation, due diligence, and registration. For rental agreements, legal/agreement fees are usually 5-10% of annual rent.
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