As a real estate agent, I receive several questions from clients considering investing. Here are some of the most frequently asked questions (FAQs) about real estate.
Now is your chance to buy or sell?
The reality is that no one has a crystal ball when it comes to real estate investing. In hindsight he can only know when was the right time to buy and sell by looking at the history of 20/20. The answer to this question is yes. All you have to do is find a home or property that you love.
What is the current state of the housing market in my area?
There is a high demand for affordable housing in Lagos. Despite global economic shifts and meltdowns, the Lagos real estate market continues to see sharp price increases. For example, homes sold for Naira 150 million this year in the Lekki or Ikeja GRA area will increase by around 25% next year. This is because the Nigerian economy in general is not entirely dependent on banks.
What procedures are required to sell my home?
Selling a home is a big purchase and your home is probably your greatest asset. The most important steps in selling a home are first assessing the condition of the home, then obtaining a price, then listing and selling, fourth, negotiating and accepting the offer, Finally, prepare and fill out the necessary documents in advance. transaction
How do you determine the value of my house?
An accurate home valuation can earn or save tens of thousands of naira on a potential transaction. Start by evaluating. You should learn to monitor price trends for comparable properties or comps, which are groups of neighboring homes with similar characteristics.
What price can you expect in the current market?
Real estate prices in current market conditions are determined by market prices and market values. The market price is the amount an aspiring banker would pay for a property and the amount the seller would receive in return. Market value is how much a property is worth in a competitive market based on the property’s characteristics and advantages (value), the overall property market, supply and demand, and the price at which other similar properties were sold on the same terms. Opinion on what is for sale. The main difference between market value and market value is that the market value seen by the seller can be much higher than what the buyer pays for the property or the actual market price. Value creates demand and can affect prices. But value alone cannot influence price without a demand function. As supply increases and demand decreases, prices will fall and become worthless. As supply decreases and demand increases, prices rise and value affects price. In a balanced market, market value and market price can be the same.
Does choosing the right agent really make a difference?
Choosing the right agent is critical to how quickly and efficiently you find and sell your home, the price you pay or receive, and the smooth completion of the transaction. Finding the right one pays off in the long run
