Home loans are the top home financing options for enabling people to fulfill the dream of owning a home. While financial institutions are willing to lend, you need to be aware of how this type of home finance works to avoid disappointment. Familiarizing yourself with a financial product is essential before committing to a transaction or signing a legally binding document. The following are basic things you need to put in mind before applying for a mortgage:
It is important to find out what the specific lending criteria is. Factors that affect your eligibility generally depend on the terms and conditions of particular lenders. Some lenders are more stringent than others and factors range from existing liabilities to your financial capability.
If you have ever lived in Lagos, you don’t need a crash course to know that real estate agents, landlords and omo-oniles defraud people of their hard-earned money every other day. With the demand for accommodation rising far more than supply, it’s no wonder that some people can be easy targets since they are in desperate need of the properties at the time.
Sometimes, real estate agents also perpetuate this kind of scam by renting out an apartment that is currently occupied to unsuspecting tenement seekers. Another scam agents perpetuate, is to rent houses that are for sale to people. Unsuspecting are then swindled of their hard earned money. Sometimes, it may not even be the agents, perpetuating the fraud, it may be the landlord, his son, or even a ‘sharp guy’ who stays around.
The higher you rise in the company ranks, the larger and nicer your office will be. And if you’re just getting your foot in the door and establishing yourself in your chosen industry, you are probably sharing elbow room with a number of other coworkers, renting an office the size of a closet or sitting in a cramped cubicle all day. If you barely have space to put your coffee, you’re not alone. Here’s how to make the most of a tiny office.
To get started, you need to take stock of your office in its current form. Be thorough in evaluating what can stay and what needs to go. If you inherited a desk with the office, maybe that desk is more trouble than it’s worth (too big, namely). Is the chair hard and comfortable, or difficult to scoot back away from the desk? If you have trouble moving around the office in any way, it will seem more cramped. Get a smaller desk and a simple swivel chair for starters.
Renting your first apartment or house is an exciting turning point in your life. It can also be stressful, since the huge yearly rent (we envy climes where tenants pay on a monthly basis!) often uses up the bulk of your paycheck. And then there’s the fact that you need to adhere to certain rules and policies, as well as seek out your landlord whenever something goes wrong with the property.
You’ve probably heard worrying stories about absentee landlords. However, most aren’t there to scam tenants. Like any business, they’ll only succeed by providing a quality service. You can do your part by being a model tenant. Here are some ways to do just that:
Fraudsters are everywhere. They have been in virtually all field of human endeavour since Adam. The goal isn’t to retire them from their stock in trade. It isn’t to get rid of them in the real estate sector either. The goal is to arm as many as possible with information that will put them on the safe side. To put them in the know of the tell-tale signs they should be on the lookout for whenever they want to buy or rent a property. So how can you avoid fraudsters when buying or renting a property?
Do Your Due Diligence
The world has gone digital. Most estate agents now have websites. Property websites like Hutbay make finding an agent and knowing more about each of them a breeze. With few clicks, the legitimacy of a broker can be easily verified. All thanks to technology.
So, you are finally ready to rent your very first apartment? You feel you are now ready to take on that responsibility? This will make you earn the respect of many, especially your friends who are still putting up with friends, colleagues or staying with relatives or parents and come across as mature to all. Before donning this maturity, here are a few things you need to know about renting your first apartment:
All Landlords Are Not The Same
As humans, we come in different shapes, sizes, complexion, and temperaments. As our faces are different, so are our character, personalities and biases. The fact that you’ve seen brash and uncompassionate landlords doesn’t mean all landlords are brash and uncompassionate.
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.
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.
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.
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.