Frequently Asked Questions
Does choosing the right agent really make a difference?
Choosing the right agent can make a difference in how quickly and efficiently you can find or sell your house, the price you pay or receive and the smooth completion of the transaction. Finding the right pays off in the long run. You should go for a professional real estate agent who has experience. then you can also get referrals from friends, neighbors and co-workers. Interviewing a few real estate agents will also help.
How is the housing market now in my area?
In Lagos, there is a huge demand for affordable housing opportunities. In defiance of global economic changes or meltdown, the property market in Lagos continually witnesses a sharp increase in prices. For example, houses that are being sold for 150million naira in Lekki or Ikeja GRA areas this year, will witness an increment of about 25% next year. This is because the Nigerian economy, in general, does not depend entirely on banking.
Should I order a home inspection?
Home inspections are highly recommended because they can reveal defects in the home that are not easily detected. Home inspections bring peace of mind to one of the biggest investments of a lifetime.
What are the steps involved in selling my house?
Selling your house is a big task and your house is likely your biggest asset. The key steps to selling your house are first you assess the condition of your house, secondly, you get a price for it, thirdly, you list it and market it, fourthly, you negotiate and accept an offer, Lastly, you prepare paper works and close the transaction
How do you determine how much my home is worth?
An accurate appraisal of a home’s worth can make or save you tens of thousands of Naira on a prospective deal. Determining how much a house is worth begins with an assessment of the prevailing domestic economy as it relates to local real estate prices. You must learn to monitor the price action of the comparable real estate, or comps, which are groups of homes in your neighborhood with similar qualities.
How many homes should I view before buying one?
That’s up to you! For sure, home shopping today is easier today than ever before. The ability to search for homes online and see pictures, even before setting a foot outside the comfort of your living room, has completely changed the home buying game. Convenience is at an all-time high. But, nothing beats visiting a home to see how it looks and ‘feels’ in person.
Do I need to do a final walk-through?
It’s not required, but it’s a darn good idea! Final walk-throughs give buyers a chance to make sure nothing had changed since their first visit. If repairs were requested, as part of the offer, a follow-up visit ensures that everything is squared-away, as expected, per the terms of the contract.
Is now a good time to buy or sell?
When it comes to real estate investing, the reality is no one has a crystal ball. We only know what the right time was to buy or sell by looking at history, hindsight being 20/20. The answer to this question is “Yes” all you have to do is find a house or property you love that makes sense, that you would own for a long time, it’s in a good location and in a decent shape, lock in a long-term mortgage and sleep well.
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