Real Estate 101

Property hunting tips, moving tips and guides, and real estate must-reads

1
Guide To Becoming a Real Estate Agent – 1
2
Tips to Becoming a Successful Estate Agent
3
Know Your Rights and Duties Under the Lagos Tenancy Law
4
5 Things to Consider Before Buying a Property for Renovation
5
5 Things to Look Out for When Relocating
6
5 Tips to Make Your Living Room Come Alive
7
Six Things to Consider Before Renting a New Apartment
8
House Painting Ideas for Your Home
9
How to Avoid Property Scams
10
5 Tips for Choosing the Right Real Estate Agent

Guide To Becoming a Real Estate Agent – 1

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

Tips to Becoming a Successful Estate Agent

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

Know Your Rights and Duties Under the Lagos Tenancy Law

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

5 Things to Consider Before Buying a Property for Renovation

Real estate investment is one of the safest and surest investing avenue you may want to channel your hard-earned cash into. This is because decades down the line, you can still make some good returns on your investment. In Nigeria, owing a property is seen as a way of guaranteeing one’s future income streams.

If you are looking to buy a property for renovation, as against getting a land to erect a structure on, you may have made a wiser decision. This is because, depending on what you intend to do with the property, you can actually save some good money when you go the path of renovation. Read More

5 Things to Look Out for When Relocating

Relocating and changing one’s place of abode is commonplace and the process can be quite stressful. People move or relocate for different reasons, whether it is to start a new job, for business purpose, to attend college, the desire to experience other cultures, or simply to change environment. It is estimated that over 2.2 million Lagosians are going to relocate within the next 5 years.

There will always be diverse reasons to relocate from one place to another. Whatever the case for relocating may be, it is imperative to note that there has to be some plans that should be carefully put in place so that your move is as satisfactory as possible, leaving no room for regrets. Therefore, you need to consider some vital factors when you are looking to relocate to another city or country; a thorough job has to be done here. Read More

5 Tips to Make Your Living Room Come Alive

If you have ever entered a living room whose view got you amazed, then you will agree that style and taste are some of the key factors in making a living room beautiful. The Living room is a key and important place in any home. More often than not, it is usually the first room one sees upon entering a house. It sets the tone and atmosphere of the entire home.

It is where guests and visitors are welcomed and entertained. It is also the place where family members gather together for fun activities. The living room also speaks volumes about the people who live in the home, as it reflects their tastes, style and image. Therefore, when decorating your living room you have to be mindful that this room reflects your family and what you represent. Read More

Six Things to Consider Before Renting a New Apartment

If you have ever found yourself in the seemingly endless activity of looking for a befitting new apartment, then you will agree with me that this can sometimes be a difficult task. In fact, it requires a lot as no one wants to end up with something that isn’t satisfactory. If you live in Lagos, you really need to do your home work before you part with your hard-earned money for any apartment.

To avoid a regrettable situation, care has to be taken in seeing to some details that tend to be neglected more often as a result of the desperate need to move into a place a.s.a.p. Renting a new apartment entails that the very needful things has to be meticulously scrutinized just so as to arrive at the best of decision.

Here are five things you may want to consider before making a commitment in going ahead to rent a new apartment. Read More

House Painting Ideas for Your Home

Your house should be a reflection of your personality as an individual and as a family unit. And one way to achieve this is by painting your home in colors that add to the charm of your home, as well as painting in the colors that creates a comfortable environment where the family and guest feel welcome.

The beauty of painting is that there are diverse colors and patterns to choose from for each room in your home.  Therefore, it gives you an opportunity to get creative and have fun decorating your house by thinking up a theme and picking colors that go with that theme and the atmosphere you are trying to create. Read More

How to Avoid Property Scams

Scams and other internet fraud are a reality of online and offline shopping. While platforms like Hutbay should try as best as they can to provide a safe online community to everyone using their service, however, it is vital for you to take measures to avoid falling into the hands of crooks. You should always be careful, especially, of giving personal and financial information or when dealing in any financial-related transactions. Hutbay wants you to stay safe no matter where your online experience takes you.

Know Thy Enemy

Due to the open nature of the internet (it is difficult to control or regulate), it is essential to keep yourself abreast of common, easy-to-spot tricks used by scammers and how to avoid them. Once fraud is committed, correcting it can be a long arduous process, if not impossible.

Read More

5 Tips for Choosing the Right Real Estate Agent

If you are planning to sell or rent your property, you may want to consider working with a real estate agent to help you navigate the process and eventually find a buyer or renter for your property.

Working with professional real estate agents can save you a whole lot of headache by having an agent interfacing between you and the buyer or renter  (for instance, you won’t have to be the one receiving the calls from interested buyers/renters, arranging for inspection, etc).

However, finding a good real estate agent is not that easy. While you may have a relative or neighbor who is into real estate, it is advisable you critically consider if the person is the right person for the job. You don’t want to loose money due to someone messing up with your valued property.

The following are 5 key things you should consider before you hire an agent. Read More

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