Housing delivery system in Nigeria is a combination of many interrelated components which include land, infrastructure, building materials, policies, building regulations and more importantly the finance component. Finance in housing delivery is very important because of the huge financial requirement for housing production. Many researches have been conducted along this line by scholars in the building industry and suggestions were made on the need to strengthen the cooperative housing system in Nigeria in order to ameliorate problem of housing finance. Read More
Culled from Realtor.com
Ah, to be a first-time home buyer again: How easy it was to buy a home when you weren’t carrying another mortgage on your back!
If you’re looking to graduate from first-timer to repeat buyer, you know things are about to get much trickier. Unless you’re a bona fide house collector, you’ll have to sell your home in order to buy anew—adding a whole separate layer of anxiety to what you already know is a stressful home-buying process.
In an ideal world, you’d buy a new home, move, and then, and when all the dust settles, deal with the turmoil of selling. But for most people, that’s totally unrealistic. Not only does it cost significantly more, since you’ll be paying two mortgages, but sellers might be quick to judge if you’re holding on to your current home. Read More
Luxury residential development in Lagos just received a great new addition from Centrebase Consult. The magnificent edifice (Venus TLXi Model) was recently unveiled at “TROJAN ENCLAVE” by the company at their first ever open house event at 48, Ogundana Street, Off Allen Avenue, Ikeja, Lagos.
Conceptualized by one of Nigeria’s best construction company, Centre Base Consult Ltd, the Trojan Enclave is an architectural masterpiece that depicts excellence and style. It is not just a residential apartment designed with a sense of perfection, but a beauty made out of the best of innovation with style and substance. Read More
It’s natural to feel a little apprehensive when making a major purchase, but home buying shouldn’t scare you out of your wits. Know the rules! – Owolabi Olatunji, CEO Hutbay.
Buyers’ biggest real estate fears most times hold them back from buying — not just for a season, but throughout the year. And rightfully so, as buying a home is usually the largest purchase a person ever makes. If you’re one of these people who is hesitant, take heart – there are simple steps you can take to overcome your fears and become confident that you will make a sound purchase. Here are the top five reasons you may be holding off on purchasing a home of your dream and how to overcome these hurdles. Read More
Continued from Guide To Becoming a Real Estate Agent – 2:
8. Know your market.
Though more real estate professionals are beginning to work internationally thanks to globalization and the ease of communication, most agents continue to work close to home. This brings us to an important and often-overlooked fact about the real estate industry—namely, that it isn’t a single industry at all, but rather a collection of local and regional markets. The dynamics of your market can have a profound effect on how you conduct your business, and with whom—and the lower to the ground you are, the more evident this becomes. Read More
Continued from Guide To Becoming a Real Estate Agent – 1:
4. Develop a personality.
It’s often said that as a salesman, you’re not just selling your product: you’re selling yourself. That’s why as a real estate agent, it’s important to develop a personality.
We’re not saying you don’t have one: we’re just suggesting that you lean into it. Whether you’re a pet lover, a motorcycle enthusiast, a foodie or an online gamer, don’t hide your personality: embrace it. You’re in real estate—so, for God’s sake, be real. Your personality fosters relationships, which builds your reputation, which generates leads. You get the picture.
Getting involved in the life of a community helps build your relationships, but it’s important that your involvement be consistent with who you are as a person. Enthusiasm is difficult to fake, so if something you say or do doesn’t ring true to you, people will pick up on it. Read More
The real estate industry is an exciting industry. It is an industry that carters for one of the three basic needs of man: shelter. A good shelter is a requisite to a good living and a productive society. It is also a very lucrative industry that rewards its stakeholders with massive returns.
There are many different players in the real estate industry—property managers, publishers, builders, banks, and government agencies, to say nothing of buyers, sellers, and renters. However, the real movers and shakers are the intermediaries, those who constantly move between and communicate with these players: agents and brokers.
The Intermediary Men:
The real estate agent is the workhorse of the industry. He’s a salesman one moment, a buyer’s advocate the next; he’s an analyst, an auctioneer, a consultant, a negotiator, and a marketer; he occasionally performs the services of an appraiser and a loan officer; he accommodates his clients on nights and weekends, and often works well beyond the official stipulated working hours. Read More
Real estate agency is a highly paying and rewarding business or job, but like any good things, it comes with a catch. There are too many real estate professionals who entered the business for what they perceive as easy big money commissions. Few months down the line,they find out the hard way that they’ve over-simplified what it will cost them to get, initiate and land deals. There are monetary costs and a lot of work is required to be successful.
Too many newbie real estate agents fall within their first year because they didn’t develop a plan and follow it for success in becoming a real estate agent.
The following are some of the “secrets” of a successful real estate agent:
They return calls and emails at lightning speed: These are the people that get a lead and don’t let it go. They immediately make contact and they follow up. They answer any questions and are happy to stay on the phone with nervous clients. They are the warriors of email, text, and phone and they keep that rhythm right up through the whole transaction, one agent calls it his land, sea, and air approach, reaching out to clients through as many channels as possible in the beginning even using Skype. Read More
Tenant-Landlord relationships in places like Lagos can be very murky. The expectations of the Landlord from its tenants and vice versa may not overlap and this often lead to crisis. Most times, the crisis ends up in a stalemate leading to the tenant arbitrarily settling the score with the landlord on the streets.
The Lagos state government, in 2011, chose to address this very important part of life in Lagos by enacting the Lagos Tenancy Law. It spells out in clear terms the duties, responsibilities and legal obligation of both the tenants and landlords. If you are a tenant or a landlord in Lagos, it is important you are knowledgable about your duties and obligations under the law.
Download the PDF here: Lagos Tenancy Law 2011
New analysis from the Economist Intelligence Unit (EIU) has shown that Lagos maintained its position at #137 in a survey examining liveability conditions in 140 cities across the world. Similar to 2014, Lagos ranked with the likes of Damascus in Syria, Dhaka in Bangladesh and other cities in Zimbabwe and Libya.
The liveability score is reached through analysis of five category weights, that consider factors like Stability, Healthcare, Culture and Environment, Education and Infrastructure. These indicators are scored and weighted to produce a rating, where 100 means that liveability in a city is ideal and 1 means that it is intolerable. Lagos scored 39.7. Read More