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Homes can depreciate. Overall decline in the market, lack of maintenance, location and condition of the home are factors that can affect a home’s value.
The Real Estate market has lots of investment opportunities. Here are some of them:
Here are some reasons why real estate is considered a good investment.
Property Sales take typically within 30-45 days.
A Certificate of Occupancy, also known as the C of O, is a document issued by state governments in Nigeria to landowners and property buyers as legitimate proof of ownership. This document also spells out what the land can be used for; residential, commercial, or mixed development.
“Excision in Process” land title: A piece of land that is in the process of being approved by the Governor. It usually has an ‘Excision file number’ which tells you that the process is registered and underway. This process could take as long as 18 months in some areas.
Real estate transactions in Nigeria are risky and could expose innocent buyers to fraud. Therefore, employing the services of a reputable property lawyer could protect you against the risk of real estate transactions.
The process of purchasing a property requires a lot of important paperwork from the seller to effectively validate the transaction. These documents include:
Here are some things you should look out for, during a home inspection.
You need to set a suitable price for the house you want to sell. You need to know how much your property is currently worth by hiring a property valuation expert.
For you to be able to sell your home in Nigeria at a great price right away, you need to fully understand the local market and the current cost of your type of property. You may need an experienced real estate consultant to help you navigate the complexities of selling your house.
If you want to sell your home early in Nigeria, you need to prepare your home. When potential buyers come to see what they want to buy from you, you want them to feel like they already own a home.
Potential homebuyers in Nigeria are currently searching online for homes of their choice. It would be better if you had an online presence for sale in your home to reach the buyer as soon as possible.