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8 REASONS WHY WE LOVE REAL ESTATE

Real estate is a field that has captivated and fascinated people for centuries. There are several reasons why many individuals have a deep love and passion for real estate. Here are some of the key factors that contribute to our love for real estate:  1. Tangible Asset: Real estate provides a tangible and physical asset that we can see, touch, and experience. Unlike other investments that may exist solely in the digital realm, real estate offers a sense of stability and security as it is a ph...

12 INTERESTING THINGS YOUR COMPETITORS CAN TEACH YOU IN THE REAL ESTATE INDUSTRY

In the competitive world of real estate, there is much to be learned from observing and analysing your competitors. By studying their strategies, successes, and failures, you can gain valuable insights that can help you improve your own business. Here are 12 things your competitors can teach you in the real estate industry:  1. Target Market Identification: By analysing your competitors, you can identify the specific target market they are catering to. This can help you determine if there are...

SOME TRUTHS ABOUT THE REAL ESTATE INDUSTRY YOU SHOULD BE AWARE OF

The real estate industry is often seen as a lucrative and glamorous field, but it is essential to understand the realities behind the scenes. While there are undoubtedly opportunities for success, it is crucial to have a realistic understanding of the challenges and complexities of the real estate industry. In this article, we will explore some truths about the real estate industry that you should be aware of.  1. It Requires Hard Work and Persistence: Contrary to popular belief, real estate...

6 ESSENTIAL SKILLS THAT YOU CAN LEARN IN THE REAL ESTATE MARKET

The real estate market is a dynamic and ever-evolving industry that offers numerous opportunities for individuals to learn and develop new skills. Whether you are a seasoned professional or just starting your career, there are several key skills that can be acquired in the real estate market that can help you succeed and thrive in this competitive field. In this article, we will explore some of the essential skills that you can learn in the real estate market.  1. Negotiation Skills: Negotiat...

4 STRATEGIES ON HOW TO TACKLE OMONILE (LAND GRABBERS) IN LAGOS REAL ESTATE PROPERTY MARKET

Omonile refers to land speculators or land grabbers in Lagos, Nigeria. They are individuals or groups who engage in fraudulent practices in the sale of land and properties. They often claim ownership of lands and properties that do not belong to them, and then sell or lease them to unsuspecting buyers. Omonile activities have been a major issue in Lagos, causing disputes and conflicts in land transactions. It is important for potential buyers to be cautious and conduct thorough due diligence...

10 IMPORTANT KEY STEPS TO TAKE WHEN BUYING A HOUSE OR LAND PROPERTY IN NIGERIA

Buying a house or land property is a significant milestone in one’s life, and it is essential to make informed decisions throughout the process. In Nigeria, the real estate market offers a plethora of opportunities, but navigating through the complexities can be challenging. This comprehensive guide aims to provide aspiring homeowners with a step-by-step approach to buying a house or land property in Nigeria. By following these ten key steps, potential buyers can make well-informed decisions,...

UNDERSTANDING THE SIZES OF LAND IN NIGERIA: PLOTS, ACRES AND HECTARES EXPLAINED

In Nigeria, land measurements are commonly expressed in three main units: plots, acres, and hectares. Each unit represents a different size of land, and understanding these measurements is crucial when buying or selling property. Let’s delve into the details of each unit: A PLOT OF LAND A plot of land refers to a specific unit of measurement commonly used to quantify the size of land. The term “plot” is widely recognized and used across the country, particularly in urban and semi-urban areas...

UNDERSTANDING THE LAGOS STATE HOME OWNERSHIP MORTGAGE SCHEME ( LAGOS HOMS)

The Lagos State Home Ownership Mortgage Scheme (Lagos HOMS) is a groundbreaking initiative by the Lagos State Government in Nigeria aimed at providing affordable housing options for its residents. Launched in 2014, the scheme has been instrumental in addressing the housing deficit in Lagos and has significantly improved access to homeownership for many individuals and families. Lagos, being one of the most populous cities in Africa, faces a significant housing challenge. The increasing popula...

HOUSE RENT: UNDERSTANDING THE DIFFERENCE BETWEEN MINI-FLAT AND SELF-CONTAIN

The housing market is vast and diverse, offering a variety of options to suit different needs and preferences. Two popular choices for individuals or small families are mini flats and self-contained apartments. While both options offer a compact living space, there are distinct differences between the two that potential tenants should consider before making a decision. Firstly, let us explore the concept of a mini flat. A mini flat is a small, self-contained living space typically consisting...

UNDERSTANDING THE NEW LAGOS STATE TENANCY LAW / AGREEMENTS

Introduction The Lagos State Tenancy Law represents a significant milestone in the regulation of the rental market in Nigeria’s bustling commercial hub. The law, which came into effect in August 2011, aims to protect the rights of both landlords and tenants, promote transparency, and ensure fair practices in the rental sector. This article provides a detailed overview of the key provisions of the new Lagos State Tenancy Law, empowering both tenants and landlords with the knowledge necessary to...
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