FAQ

FAQ

Frequently Asked Questions

Is now a good time to buy or sell?

We may know what the right time is to buy or sell by looking at history, hindsight being 20/22. 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.‎

What is a buyer’s market?

A buyer’s market is characterized by declining home prices and reduced demand. Several factors may affect long-term and short-term buyer demand, like: Economic disruption – a big employer shuts down operations, laying off their workforce.

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 is the housing market now in my area?

In Nigeria, there is a huge demand for affordable housing opportunities. In defiance of global economic changes or meltdown, the property market in Nigeria continually witnesses a sharp increase in prices. This is because the Nigerian economy, in general, does not depend entirely on banking.

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

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.

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