Tag: Sale

Finding Houses For Sale in Lagos, Nigeria

In Lagos, Nigeria, there is a tourism boom about to be unleashed following development efforts and economic growth that promises many opportunities to investors. The result of this is a rapidly expanding real estate sector offering unlimited opportunities to reap bountiful harvests from. Take for instance 5 years ago undeveloped land in the Lekki axis of Lagos Nigeria and Ikoyi areas sold for less than half its current market value with developed properties selling in some cases for less than one third of the current market price. This is indicative of a real estate boom and unlike the stock market boom of 2004 – 2008 the real estate boom is an investor’s haven.

This brings us to some of the issues that will naturally be encountered as a result of people preferences and choices with buying houses. A number of problems are associated with buying and selling of houses in Lagos Nigeria and it is only proper I mention some of them before listing out places to find houses to buy or sell.

One of the major problems will be the omooniles (descendants of the land owners or original occupants of various communities in Lagos Nigeria). These are usually idle and Lazy people who want to lay claim to almost any major development taking place on Land they may have already sold to people. By extorting money and collecting illegal fees these omooniles make life difficult for home owners or people desiring to build their own houses. Be on the look out for them whenever you decide to buy a house in Lagos Nigeria. Your best protection against omooniles is to buy directly from reputable real estate companies or acquire land directly from the government and build as quickly as possible. Another problem you face would be real estate fraudsters who could go as far as faking contact details of some reputable real estate companies in order to hoodwink home seekers and other real estate investors. Many of these fraudsters make offers that are too good to be true or unrealistically attractive in order to get at your money. Always insist on patronizing reputable real estate agencies and companies and ensure that you visit their offices to verify their authenticity.

In 2009, and onwards there are many places to start your search for houses available for sale in Lagos Nigeria. Here is a compilation of a list of places to find houses for sale in Lagos Nigeria;

1. Online Classified Adverts

Classified online adverts such as those on nairalist.com, nairaland.com and several websites of real estate companies is a major channel for finding houses and other property for sale in Lagos Nigeria.

2. News papers and magazine publications

A number of newspapers run dedicated editions for advertising or informing the public about opportunities to buy and sell houses in Lagos Nigeria. The most recognized of these is the Guardian Newspaper which runs a Monday Edition dedicated to the real estate sector. Another well known publication for finding houses for sale in Lagos Nigeria is castles magazine. There is also Properties and Homes magazine among others. The draw back is that these publications can only be bought in Nigeria as they do not circulate globally hence people living abroad may not find this option convenient.

3. Recognized real estate companies and Agencies

There are a lot of real estate companies in Nigeria but a few well known include Jide Taiwo and co, Ubosi Eleh and Co, Diya Fatimilehin and co, UAC Properties Limited and Unions Homes among others. Contacting any of these companies is search of houses for sale is another way to go about it. This option covers you although not completely from the activities of omooniles.

4. Enquiries on on-going projects

You could also make enquiries about on going projects such as construction of housing estates and other similar projects directly through the contractors who could refer you to the real estate agency or company handling the project or possibly the owner in order to meet with and negotiate a deal if possible. However not all housing projects have options for selling houses as some of them might actually be tenement projects in which case the owners are only interested in letting out.

Conclusion

Be warned that not all adverts or information made available on channels for sale of houses in Lagos are credible and reliable, you are advised to still carryout some investigation into the claims because some real estate fraudsters are on the prowl looking to defraud unsuspecting buyers of houses in Lagos Nigeria. Also possible for locating houses for sale in Lagos Nigeria is the option of word of mouth from people within your social network although this is hardly as reliable as the other earlier options.

Different Types of Sale Price Tags

Sale price tags not just enhance the shopping experience of customers, but also offer them great convenience and ease. These tags help in organizing the products and keeping a track of the items running on sale.

Sale tags play a crucial role in retail commerce because they create a positive visual impact in the mind of customers. These tags also help in enhancing your brand value and build a positive image of your company. But, in order to leave a positive impact in the minds of customer, it’s important to ensure that the tags are creative, unique and eye-catchy.

Different types of sale price tags are used by companies to showcase their products in the market. It’s important to choose the right tag which complements the look of your products and convey the right information to the customers. Below are some of the sale tags which you may consider for your business.

  • Garment tags: These are the most common type of tags used in the retail industry. The tags offer a great convenience to the customers by giving them quick and easy access to the information about the products. The tags generally include the size, color and other specifications about the garment. It’s advised to use flashy, bright colored tags, stylish tags so that the customers can spot them easily.

  • Price Comparison Tags: These tags include two spots, one for the regular price and other for the discounted price. These sale price tags help the customers to compare the price of the product they want to purchase.

  • Discount tags: These tags include the new cut down prices of the product. It helps the customers to easily know about the new price of the products and its details. Make sure that the discount stickers are bold and attractive so that the customers can easily find them.

  • Sold tags: These stickers indicate that the item id already sold or is on hold. The labels include information about the buyer including his name, address, delivery time, etc.

There are different online stores from where you can order a sale price tag as per your needs. These tags can also be customized to include the details and specification of your business. You can also customize the color, size, font, text, images and other elements of these tags as per your choice. So, get these sale tags now and offer an easy and pleasurable shopping experience to your customers.

For Sale by Owner: Off MLS Listing Is Risky Business

Since 2013, there has been an increase in sellers pre-selling properties and listing them off the Multiple Listing Services(MLS). Core Logic reported that in 2013, 53% of real estate transactions conducted in the U.S. were not listed on the MLS. Most sellers do not hold a real estate license, and are not permitted to use the MLS – the standard listing portal for a licensed real estate agent. Although buyer’s agents are willing to work with For Sale by Owner (FSBO) listings, they are not permitted to give the seller any advice or access to marketing.

Sellers who want to list a FSBO may be losing out on tens of thousands of dollars in real market value on a property, especially if they list properties without an up-to-date appraisal or current market research. Often a seller will list a FSBO based on the sale price of a neighbor’s home, which may or may not be the best choice for a comparable property. A local real estate agent lists properties continuously in their regional sales area and is best suited to offer a market comparison in the neighborhoods he or she covers. Remember, tax assessments, though readily available, are not the best tool for gauging a property’s true market value at any give point in time.

One nuance about FSBO sales that should give sellers pause is the fact that an experienced buyer’s agent may hold the upper hand in a FSBO real estate transaction. Why? The seller may not be familiar with state laws and fiduciary codes and/or ramifications of contract issues that crop up during negotiations. Even with a lawyer creating a real estate contract on a property, the final outcome of a For Sale By Owner (FSBO) real estate sale may be held up over a variety of issues. Experienced REALTORS know how to circumvent these roadblocks quickly and keep a property transaction on track.

FSBO is Not Equal to a REALTOR’s Advertising Potential

Working with a professional REALTOR is worth the commission under these circumstances. A FSBO has a limited opportunity for marketing, becoming more heavily reliant upon web real estate portal sites such as Zillow.com. With a seasoned agent, advertising penetration for a property is far greater. For example, I list my properties for sale in Williamsburg, Virginia on four MLS websites. This gives my sellers and extensive area of coverage so that other agents can see the listing and buyers on the MLS can also see it. My MLS listings are also republished on Realtor.com, which is owned by the National Association of Realtors and is also a reputable website in the industry.

My broker, Coldwell Banker Traditions, also has a listing mechanism on its locally based website, where my client properties receive excellent visibility. Not all REALTORS list properties this widely on the Web, so check with individual real estate agents and ask them for specific information about advertising provided for client listings through MLS and other venues on the Web.

There are other disadvantages to listing properties without an agent. If the owner happens to miss a showing with a potential buyer, he or she may miss the opportunity to sell a property altogether. For real estate sales in my territory, Southeastern Virginia, an owner is not permitted to use legal forms created by the Virginia Association for Realtors (VAR), unless they are licensed. Real estate forms are formally copyrighted by the VAR and sanctioned for use only by membership. This puts the seller at another distinct disadvantage in the transaction. Having to create legal forms anew is not only time consuming, it may increase costs for an attorney.

Besides some of the more obvious advantages to listing with a licensed real estate agent, there is also a common misconception that the use of a real estate lawyer will save money versus paying agents’ commissions. The seller still has to pay the buyers agent fees (which is variable by state and type of real estate transaction). All FSBO sales contracts must be created and finalized with a lawyer. The sales process involves having the buyer read the contract and make changes. The lawyer revises the contract appropriately and it is presented at closing. Lawyers in Virginia charge far more to create an original contract (in my experience) than the commission on the seller’s side – in most instances. Sellers who want to go it alone should seriously consider the lawyer’s fees may be more expensive, and are largely unpredictable, depending upon the number of legal forms needed, length of negotiations and additional contract requirements.

Sellers need to forgo the FSBO and get smart in a real estate market that is definitely on the move in many regions of the U.S. Pricing is trending higher in the 2014 market and inventories are low in many markets. So sellers need to have expert advice on pricing real estate at current market value now – more than ever. In addition to potential loss of profits from home sale, the seller may easily run up against legal and contract issues that may not be quickly resolved. Worse yet, these matters may be settled too late to adhere to the time limits on certain loans such as FHA and USDA. If the seller does not know what they’re doing and timeframes are not heeded, this can cause the buyer to forfeit a loan. In turn, the property loses a good buyer and valuable time on the market.

Be wise and don’t engage in risky business – listing a property off the MLS or without a licensed agent. It is best to have the representation of a licensed agent for a variety of reasons. The main reasons are: the seller will have expert advice, will most likely sell the property sooner and the property will command a fair market price. Say no to FSBO. Instead, seek out a capable real estate professional in your region for piece of mind.

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