Posts Tagged ‘Reasons’

TOP FIVE REASONS TO OWN A PROPERTY REAL ESTATE BUSINESS IN NIGERIA

“TOP FIVE REASONS TO OWN A PROPERTY IN NIGERIA”

The Nigerian Real Estate Market is yet to be fully tapped and for the few investors already in it they are well to do. This is because the sector is yet to be fully tapped into. Population Explosion- Nigeria has a population of over 140million people as at the last census exercise in 2006. This simply equals to a large demand for shelter across the nation, and most especially in the commercial areas of the country.  E.g. Lagos, Abuja, Port Harcourt, Aba and Onitsha. The Federal and Disorder Governments of Nigeria have got a small impact and contribution in providing homes and shelters for their citizens. This has made a large vacuum in the Real Estate sector, so huge a Vacuum that the ever increasing population has surpassed the number of government housing projects. The ratio thus is alarming- 1 in each 100k people live in government owned houses. Demand over Supply- vacant by the number of people currently based in Nigeria and the number of new businesses on the increase in the country it is imperative to say that the demand for both Residential and Commercial Accommodation has shot up 100% and together with.  The Fifth Reason why you should own a property in Nigeria- is for you to be play a role in filling the large gap in the sector. There is no asking if it’s a sure and viable area to invest, this sector is yearning for both small and large scale investment. And returns on investment is guaranteed 100%. check our website for property listings WWW.FSBO-HOME.BIZ/1933

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7 Reasons to Use a Real Estate Agent

Some people choose to use a real estate agent and some people choose to go it alone. One thing I have noticed over the years is that a number of seasoned investors looking in a new city will seek out a excellent agent even as novice investors will frequently go it alone. I have even had a number of successful real estate agents seek out my help when they are moving to our city. Why do some of these seasoned investors choose to work with an agent? Below is a list of 7 repayment of using an agent.

1. Know potential restrictions of the property. I recently heard a report from a friend at the city enhancement office in Austin Texas. A couple had saved up for their retirement. They wanted to retire and live out in the hill country. They went to the foreclosure auctions. At the auction they bought a lot for 500,000. It had fantastic views and they were vacant to build their dream house on it. They had researched the lot before the auction and found it was zoned SFR which means a single family residence can be built on it. After purchasing the lot they started plans to build their retirement house. At this time they learned the lot was in the 25 year floodplain. My friend at the city enhancement office clarified that the lot may possibly not be built on and was basically worthless.

2. Know about new developments that might change a properties value. A excellent realtor will know of proposed new developments that might change different properties in which a buyer is interested. Whether these developments are clear or negative can be valuable information when weighing different housing options.

3. Find potential problems with a property. It is always a excellent thought to have a home inspector look at a potential house. But, a Realtor is a excellent first line of defense to see if a house has inherent problems. A Realtor that can know about common problems, such as foundation or electrical, that change a particular neighborhood.

4. Know contracts specifics. Whenever you buy or sell a house you are entering into a large personal transaction. It helps to have someone on your side that deals with these types of transactions on a daily basis. A Realtor can help you know contracts and can clarify what is predictable for your area. The most common pitfall into which I see unrepresented buyers fall is to become involved in an atypical contract that is not to their benefit. For occasion a seller will sign an place forward that has an option period that is 4 times longer than what is predictable. A buyer might place in offers on multiple properties with long option periods. The buyer will wait and see if the market appreciates. If the market has appreciated the buyer buys the house at now and undervalued price. If the market has gone down the buyer walks away.

5. Misperception of a benefit of vacant it alone. Buyers frequently reckon that by not using a buyers agent they will get a better deal from the seller. In most situation the listing agent questions for 6 percent from the seller. If a buyer comes with an agent the listing agent splits the 6 percent with the buyers agent. If an unrepresented buyer comes the listing agent keeps the whole 6 percent. On the selling side, For Sale By Owners (FSBO) often reckon they are saving alot of money by avoiding a listing agent. Nationally, FSBO homes sell for 14 percent less than agent listed homes in the same neighborhoods. In addition alot of FSBO’s still end up having a buyers agents involved. There is also money washed-out on advertising. Since an agent has experience marketing homes the agent often can spend money more effectively on advertising. Agents often know which advertising sources produce the most potential buyers.

6. Save time when looking for listings. Looking for listings without an agent can take up large chunks of time. When looking with an agent you can see several homes in a few hours. When vacant it alone you have to call the listing agent for each house and wait at the house for the agent to arrive and open up the house. In addition agents often know houses which are not listed or may have already identified potential problems with a particular house of appeal.

7. Insure Security. When a home is listed with a broker, agents coming to the house have to usually log in. This allows the listing agent to keep a record of each party coming into the house. Since their business is on the line, agents are more likely to protect the house from hurt or theft. For a variety of reasons, it is generally not a excellent thought to have random people you do not know come into your house. Often sellers simply have a phone number, but that phone may possibly be their house, a friend’s house, a pay phone, or even a stolen phone.

Searching for a home can be stressful and hard but it can also be fun. Whether you choose to look for a home on your own or with a Realtor its a excellent thought to be a extremely careful when you seek out your dream home.