Legal
Buyer Agreement
Last updated: 14 September 2026
From the Valorra Exchange Legal Centre
This agreement applies when you express interest in, offer on, or purchase a resale property through Valorra Exchange.
Sign in to acknowledge this agreement.
Sign in1. The Service
Valorra Exchange is a marketplace that introduces you to verified resale listings. It is not the seller and is not a party to the property sale.
2. Due Diligence
You agree to conduct your own due diligence, including reviewing documents and seeking independent legal advice, before paying any money. Verification is document-based and is not a guarantee of title.
3. Fees You Pay
The asking price already includes the 10% transfer-of-ownership documentation fee. If an agent introduced you to the property, you also pay an agent commission negotiated with that agent (typically around 7% of the property value). There is no platform fee charged to buyers.
4. Commitment Deposit
To reserve a property you pay an initial commitment deposit, by default 50% of the total price, negotiable with the seller. The balance is paid according to the agreed plan: outright, 3 months, or 6 months.
5. Payment Terms
Payments are made directly to the seller according to the agreed plan, using the payment instructions the seller provides, and are tracked on the platform for transparency. Valorra Exchange does not receive, hold, or forward your payments. The 6-month plan includes 3% interest on the property value, paid to the seller. Keep records of every transfer.
6. Transfer of Ownership
Title to the property transfers through the estate developer and the applicable legal process, not through the platform. Completion is recorded once payment is confirmed and transfer documentation is processed.
7. No Escrow at MVP
The platform does not hold or escrow funds at MVP. You acknowledge the risks of paying outside an escrow arrangement and should satisfy yourself about the transaction before paying.
8. Cancellation and Refunds
Refunds are governed by the agreement you reach with the seller and the estate developer. The platform does not guarantee refunds of deposits paid to third parties.
9. Your Obligations
You agree to provide accurate information, to pay agreed amounts on time, and not to make false payment claims.
10. General
This agreement is governed by the laws of Nigeria. The full terms of service apply alongside this agreement.