your – 9japroperty http://9japroperty.com.ng All you need to know about properties Thu, 10 Nov 2016 09:53:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.15 6 Reasons Why Your Home Lingers Too Long In The Market http://9japroperty.com.ng/6-reasons-home-lingers-long-market/?utm_source=rss&utm_medium=rss&utm_campaign=6-reasons-home-lingers-long-market http://9japroperty.com.ng/6-reasons-home-lingers-long-market/#respond Thu, 10 Nov 2016 09:53:01 +0000 http://9japroperty.com.ng/?p=5410 Selling a home is a stressful time for most.  The thought of not knowing when your home will sell, how much it will sell for, or bottom line, if it will sell at all can lead to many sleepless nights. These sleepless nights can become more and more frequent as the days on the market (DOM) […]

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Selling a home is a stressful time for most.  The thought of not knowing when your home will sell, how much it will sell for, or bottom line, if it will sell at all can lead to many sleepless nights. These sleepless nights can become more and more frequent as the days on the market (DOM) continues to increase. This article dishes out 6 reasons why your home lingers too long in the market.

There are many reasons why a home isn’t selling.  Some of the reasons certainly carry more weight than others.  The reason for a home not selling can be solved and sometimes it is a very small and/or inexpensive correction that can make the difference between a home selling or not!  Other times there are reasons that your home isn’t selling and they cannot be corrected.  Here are 6 common reasons why your home isn’t selling.

1. Price
Bottom line, the number one reason a home isn’t selling is price.  If a home is overpriced, the other 4 common reasons below mean nothing.  Even if you hire the number one local real estate agent with the best marketing plan, it won’t matter if your home is overpriced!  The price that a home enters the market at will do a lot of the marketing of the home.  Today’s home buyers are well educated and have access to a wealth of information.  The internet makes it very easy for buyers to see what comparable homes look like and what they are selling for.  If a home is overpriced, many buyers will know this, and won’t even consider viewing the home.

2. Real Estate Agent

Every real estate market has hundreds or even thousands of real estate agents in their respective board.  Just like “no two people are alike,” “no two real estate agents are alike!”  Every real estate agent has different ways of communicating, how responsive they are, how they negotiate, their energy level, and many other characteristics that differentiate one agent from another.  Selecting the “right” real estate agent to sell your home is a vital part of whether a home will sell or not.

3. Real Estate Agents who “Buy Listings”
It’s extremely common that a seller has no idea their real estate agent has “bought the listing.”  What is a real estate agent who “Buys Listings?”  Simply put, it’s a real estate agent who tells a seller what they want to hear not what they need to hear!  This can include the pricing of a home, suggested (or lack of) repair items to make a home sellable, de-cluttering, or depersonalizing.  These “Yes” men or women will agree to anything a seller says just to secure the listing to use as a way to pick-up new business through inquiries, even though they know what they are agreeing to isn’t correct or in the sellers’ best interest.

4. Marketing Plan

Is it important to have a real estate agent who is internet savvy and utilizes online marketing?  Of course it is!  The real estate agent should have a strong internet presence which should include their own website, an active blog, and also social media presence.  With the growth of social media, it’s important that the real estate agent know how each network will benefit their client.

5. Poor Condition
Most home buyers in today’s society do not want to do a lot of “work” and are reluctant to take on a “project.”  A home that may have damaged and/or cracked walls, damaged siding, broken windows, strong odors, mold issues, or other “poor conditions” will take time to sell.  A home, even though priced to reflect the condition, still may not sell.  Once again, many of these “poor conditions” can be corrected and/or repaired fairly inexpensively.  In some cases it can be advantageous to do these corrections prior to listing as it may lead to a quicker sale and for more money.

6. Location
The saying “Location, Location, Location” is commonly heard in the real estate industry.  If a home isn’t selling, location is a difficult one to correct.  A home can be in mint condition, have excellent mechanics, and be a perfect layout but if its location is less than desirable, it can be a reason a home isn’t selling.  A few examples are a buyer who eliminates any home that is on a primary road, corner lot, or located near a highway.  Homes that are located in a less than desirable location normally will have greater days on the market (DOM) and lower sale prices than other comparable properties.

These above reasons why your home isn’t selling are very common.  While some are correctable and inexpensive, others are not.  The number one reason a home isn’t selling though, is price!  Making sure that your real estate agent has knowledge, experience, and the information to back up their suggestions is critical.  What other reasons do you see when a home is not selling?

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How to Regularize or Ratify that your Land Under Government Acquisition so that it wont be Demolished http://9japroperty.com.ng/how-to-regularize-or-ratify-that-your-land-under-government-acquisition-so-that-it-wont-be-demolished/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-regularize-or-ratify-that-your-land-under-government-acquisition-so-that-it-wont-be-demolished http://9japroperty.com.ng/how-to-regularize-or-ratify-that-your-land-under-government-acquisition-so-that-it-wont-be-demolished/#respond Fri, 22 Jul 2016 10:44:11 +0000 http://9japroperty.com.ng/?p=4736 If you have bought lands from Omonile in the past that do not have either a ( C/O) or a Gazette in the following areas Ikeja, Opebi, Ogudu, Gbagada, Oregun, Surulere, Anthony, Obanikoro, Adekunle Village.Isolo, Okota, Ilasamaja, Ijeshatedo, Ojota, Bariga, Iju, Olowora, Isheri, Shangisha, Oworonsoki and environs, Ojo, Ikotun, Egbe, Ejigbo, Shasha, Akowonjo, Okokomaiko, Owode […]

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If you have bought lands from Omonile in the past that do not have either a ( C/O) or a Gazette in the following areas Ikeja, Opebi, Ogudu, Gbagada, Oregun, Surulere, Anthony, Obanikoro, Adekunle Village.Isolo, Okota, Ilasamaja, Ijeshatedo, Ojota, Bariga, Iju, Olowora, Isheri, Shangisha, Oworonsoki and environs, Ojo, Ikotun, Egbe, Ejigbo, Shasha, Akowonjo, Okokomaiko, Owode Onirin, Idimu, Egbeda and environs.Ayobo, Ipaja, Igando, Alagbado, Mebamu, Ajangbadi and environs, Ikorodu, Badagry Axis, Lekki Axis (Eti-Osa to Abijo), Ibeju Lekki to Epe & Epe Town and you haven’t been able to get a proper document for your land, I have good and bad news for you.

The Bad news is that the Omonile has scammed you to sell lands that belong to the government and masked it as their own family lands hereby making you part with your money illegally and freely to them without any proper title because they didn’t have any land to give and sell in the first place.

The Good news it that the Lagos state government has decided not to demolish such houses or revoke those lands that has been encroached on by Purchasers of this Bad Lands from Omonile and instead will grant title to such Purchasers. This would afford those who unintentionally bought government acquired land from Omonile or land Scammers the opportunity to regularize their titles and thereby obtain Certificate of Occupancy (C of O) through a process called Ratification  Popularly Referred to as ‘RAT or RATI’ ( Now referred to as Regularization).

 Now what really is Ratification or Land Regularization in Lagos state?

According to Land Bureau website “Ratification (now referred to as Regularisation) is a policy of grace that avails squatters on uncommitted Government Land, the opportunity to obtain legal title to the land encroached upon from the State Government. It is the process of allocating Government land to someone who had previously occupied landed property without lawful authority from the State Government”

Regularisation is subject to two (2) basic conditions:

(i) That the property must not be situated in a Government Scheme, Estate or Committed Area; and

(ii) The property must be situated within an area that conforms with Urban and Regional Planning regulations and standards of the State.

idimu demolution 007 opt2 How to Regularize or Ratify that your Land Under Government Acquisition so that it wont be Demolished

What this means in plain English is that Omoniles have contributed terribly to the sales of very  bad lands that belongs to the Government to unsuspecting buyers that did not do any proper search before they bought their lands and because the lands purchased were defective from the start it will be very difficult to process your papers at the Land Registry at Alausa because they are illegal lands that shouldn’t have been bought from Omoniles and the Government has every right to come and demolish any structure they find on the land.

Examples of Bad lands people purchased from Omoniles include lands under Government Acquisitions, Lands Government intend to build estates, drainages, roads, Government Schemes, pipelines, high tensions, bad layouts and general lands or property that do not conform with the Lagos State Urban and Regional Planning Regulations .

Because of the sale of these bad lands, it has been extremely difficult for the purchasers of this lands to get even a simple Survey Plan approved or lodged at the Surveyor General’s office, talk less of owning a Certificate of Occupancy ( C/O) or an Approved Building Plan Or the Right to claim proper Ownership of the Land legally. These people live in constant fear everyday of an impending Demolition or Revocation.

 How to Understand the Differences between purchasing a Land Under Government Acquisition and a Committed Lands so as to know which ones can be Regularized

 It is pertinent here to explain two concepts that affect the issue of Ratification or Regularization before I move on and it has to do with the differences between Owning Lands Under Government Acquisition and Committed Lands.

A Land under Government Acquisition is a land acquired by the Government for its own specific use and there are plans for these lands in the nearest future depending on what the Government intends to do with the land. These lands have been acquired for years by the government and its at the Government’s discretion to release those lands to people who have illegally bought the Land from Omoniles or not depending on if they need to use the lands for a specific purpose or not and if the release of those acquired lands to the people will not disrupt any regional or urban planning regulation.

Meanwhile A Committed Land is a land the Government already has Plans for and nothing in this life will make the Government alter its mind to give up that land. Such lands include lands earmarked for Government estates, Roads, Government Schemes etc. In fact if you buy a land in a committed Area, you’re on your own because they will never approve the papers and if you build a property there, it will most certainly be demolished.

demolition 2 habitants.org  How to Regularize or Ratify that your Land Under Government Acquisition so that it wont be Demolished

So because of these problems of  land owners who bought lands illegally from The Dreaded Omoniles under Government Acquisition, the Lagos state Government decided to take an Inventory of all unlawful structures erected in areas under Government acquisition and endorsed a decision that all prohibited structures erected on Land under Government acquisition which were not blocking roads, drainage and not located in Committed Areas should have the opportunity to process their papers and be granted building plan approvals and also assist the Government to provide for more housing developments for low income earners. This decision of approving the processing of getting their papers in Lands under Government acquisition gave birth to the process of Ratification and Regularization of owning lands within Non committed Government Acquisition.

Today it is now known as Regularization officially at the Land Registry at Alausa instead of Ratification. Regularization in other words is a process whereby illegal owners of lands in areas under Government acquisition that are not Committed lands are given the opportunity to obtain a legal title to the land encroached or trespassed upon from the State Government.

To simplify it, it means the process of allocating Government Land to someone who had previously occupied landed property without lawful authority from the State Government but it is subject to 7 Conditions:

1. That the property must not be situated in a Government Scheme, Estate or Committed area

2. The Property must be situated within an Area that conforms to Urban and Regional Planning Regulations and Standard of the State.

3. The Appropriate Set back of the Land must be observed.

4. The Appropriate distances from drainages, Canals, NNPC pipelines, Gas Pipelines, NEPA transformers, High Tension Wires, Water Pipelines and other restrictions laid down by the Physical Planning and Town Planning.

idimu demolution 001 opt How to Regularize or Ratify that your Land Under Government Acquisition so that it wont be Demolished


5. The land must not fall on road Alignment

6. The land must not fall within a Committed Government Area

7. The Land must fall within the Permitted Regularization Areas

These days it has been extended to areas without development schemes/layout plans and areas without Unplanned Developments. Example of such areas include: Okota, Ketu, Ikorodu, Badagry etc.

So if you have bought a land that runs afoul of these 7 Conditions You have yourself to blame because you refused to do a proper Land Search and your land will either be revoked or the House built on it will most certainly be demolished. So shine your eyes before one Omonile lies to you that he has power to sign your documents and the right to sell lands to you in those areas listed above and many more areas that we dont know about yet. You will most certainly pay Lagos state government double the sum you used to buy it illegally from Omoniles. Always do land verification searches before you part with your money illegally.

P:S: For those coming across the word OMONILE for the first time, it’s a derogatory slang given to Land Speculators and Grabbers who specialize in reselling other people’s lands or duping people off their money under the guise of selling hereditary lands owned by their forefathers.

If you have bought lands from Omonile in the past that do not have either a ( C/O) or a Gazette in the following areas Ikeja, Opebi, Ogudu, Gbagada, Oregun, Surulere, Anthony, Obanikoro, Adekunle Village.Isolo, Okota, Ilasamaja, Ijeshatedo, Ojota, Bariga, Iju, Olowora, Isheri, Shangisha, Oworonsoki and environs, Ojo, Ikotun, Egbe, Ejigbo, Shasha, Akowonjo, Okokomaiko, Owode Onirin, Idimu, Egbeda and environs.Ayobo, Ipaja, Igando, Alagbado, Mebamu, Ajangbadi and environs, Ikorodu, Badagry Axis, Lekki Axis (Eti-Osa to Abijo), Ibeju Lekki to Epe & Epe Town and you haven’t been able to get a proper document for your land, I have good and bad news for you.

The Bad news is that the Omonile has scammed you to sell lands that belong to the government and masked it as their own family lands hereby making you part with your money illegally and freely to them without any proper title because they didn’t have any land to give and sell in the first place.

The Good news it that the Lagos state government has decided not to demolish such houses or revoke those lands that has been encroached on by Purchasers of this Bad Lands from Omonile and instead will grant title to such Purchasers. This would afford those who unintentionally bought government acquired land from Omonile or land Scammers the opportunity to regularize their titles and thereby obtain Certificate of Occupancy (C of O) through a process called Ratification  Popularly Referred to as ‘RAT or RATI’ ( Now referred to as Regularization).

 Now what really is Ratification or Land Regularization in Lagos state?

According to Land Bureau website “Ratification (now referred to as Regularisation) is a policy of grace that avails squatters on uncommitted Government Land, the opportunity to obtain legal title to the land encroached upon from the State Government. It is the process of allocating Government land to someone who had previously occupied landed property without lawful authority from the State Government”

Regularisation is subject to two (2) basic conditions:

(i) That the property must not be situated in a Government Scheme, Estate or Committed Area; and

(ii) The property must be situated within an area that conforms with Urban and Regional Planning regulations and standards of the State.

idimu demolution 007 opt2 How to Regularize or Ratify that your Land Under Government Acquisition so that it wont be Demolished

What this means in plain English is that Omoniles have contributed terribly to the sales of very  bad lands that belongs to the Government to unsuspecting buyers that did not do any proper search before they bought their lands and because the lands purchased were defective from the start it will be very difficult to process your papers at the Land Registry at Alausa because they are illegal lands that shouldn’t have been bought from Omoniles and the Government has every right to come and demolish any structure they find on the land.

Examples of Bad lands people purchased from Omoniles include lands under Government Acquisitions, Lands Government intend to build estates, drainages, roads, Government Schemes, pipelines, high tensions, bad layouts and general lands or property that do not conform with the Lagos State Urban and Regional Planning Regulations .

Because of the sale of these bad lands, it has been extremely difficult for the purchasers of this lands to get even a simple Survey Plan approved or lodged at the Surveyor General’s office, talk less of owning a Certificate of Occupancy ( C/O) or an Approved Building Plan Or the Right to claim proper Ownership of the Land legally. These people live in constant fear everyday of an impending Demolition or Revocation.

 How to Understand the Differences between purchasing a Land Under Government Acquisition and a Committed Lands so as to know which ones can be Regularized

 It is pertinent here to explain two concepts that affect the issue of Ratification or Regularization before I move on and it has to do with the differences between Owning Lands Under Government Acquisition and Committed Lands.

A Land under Government Acquisition is a land acquired by the Government for its own specific use and there are plans for these lands in the nearest future depending on what the Government intends to do with the land. These lands have been acquired for years by the government and its at the Government’s discretion to release those lands to people who have illegally bought the Land from Omoniles or not depending on if they need to use the lands for a specific purpose or not and if the release of those acquired lands to the people will not disrupt any regional or urban planning regulation.

Meanwhile A Committed Land is a land the Government already has Plans for and nothing in this life will make the Government alter its mind to give up that land. Such lands include lands earmarked for Government estates, Roads, Government Schemes etc. In fact if you buy a land in a committed Area, you’re on your own because they will never approve the papers and if you build a property there, it will most certainly be demolished.

demolition 2 habitants.org  How to Regularize or Ratify that your Land Under Government Acquisition so that it wont be Demolished

So because of these problems of  land owners who bought lands illegally from The Dreaded Omoniles under Government Acquisition, the Lagos state Government decided to take an Inventory of all unlawful structures erected in areas under Government acquisition and endorsed a decision that all prohibited structures erected on Land under Government acquisition which were not blocking roads, drainage and not located in Committed Areas should have the opportunity to process their papers and be granted building plan approvals and also assist the Government to provide for more housing developments for low income earners. This decision of approving the processing of getting their papers in Lands under Government acquisition gave birth to the process of Ratification and Regularization of owning lands within Non committed Government Acquisition.

Today it is now known as Regularization officially at the Land Registry at Alausa instead of Ratification. Regularization in other words is a process whereby illegal owners of lands in areas under Government acquisition that are not Committed lands are given the opportunity to obtain a legal title to the land encroached or trespassed upon from the State Government.

To simplify it, it means the process of allocating Government Land to someone who had previously occupied landed property without lawful authority from the State Government but it is subject to 7 Conditions:

1. That the property must not be situated in a Government Scheme, Estate or Committed area

2. The Property must be situated within an Area that conforms to Urban and Regional Planning Regulations and Standard of the State.

3. The Appropriate Set back of the Land must be observed.

4. The Appropriate distances from drainages, Canals, NNPC pipelines, Gas Pipelines, NEPA transformers, High Tension Wires, Water Pipelines and other restrictions laid down by the Physical Planning and Town Planning.

idimu demolution 001 opt How to Regularize or Ratify that your Land Under Government Acquisition so that it wont be Demolished


5. The land must not fall on road Alignment

6. The land must not fall within a Committed Government Area

7. The Land must fall within the Permitted Regularization Areas

These days it has been extended to areas without development schemes/layout plans and areas without Unplanned Developments. Example of such areas include: Okota, Ketu, Ikorodu, Badagry etc.

So if you have bought a land that runs afoul of these 7 Conditions You have yourself to blame because you refused to do a proper Land Search and your land will either be revoked or the House built on it will most certainly be demolished. So shine your eyes before one Omonile lies to you that he has power to sign your documents and the right to sell lands to you in those areas listed above and many more areas that we dont know about yet. You will most certainly pay Lagos state government double the sum you used to buy it illegally from Omoniles. Always do land verification searches before you part with your money illegally.

P:S: For those coming across the word OMONILE for the first time, it’s a derogatory slang given to Land Speculators and Grabbers who specialize in reselling other people’s lands or duping people off their money under the guise of selling hereditary lands owned by their forefathers.

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A Quick Guide To Renting Your New Place http://9japroperty.com.ng/quick-guide-renting-new-place/?utm_source=rss&utm_medium=rss&utm_campaign=quick-guide-renting-new-place http://9japroperty.com.ng/quick-guide-renting-new-place/#respond Tue, 19 Apr 2016 09:01:28 +0000 http://9japroperty.com.ng/?p=4503 Getting a place to rent can be quite a challenge. It could take anywhere from a few days to few weeks or even more. We discovered an interesting article that talks about things to consider when Renting a new place. We thought to summarize and share the key guidelines that should be followed or considered. […]

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Getting a place to rent can be quite a challenge. It could take anywhere from a few days to few weeks or even more. We discovered an interesting article that talks about things to consider when Renting a new place. We thought to summarize and share the key guidelines that should be followed or considered.

Consider Your Budget Carefully

Before you even look at a property, workout what you can afford by looking at what your outgoings are likely to be. For instance, you should expect to incur costs like

  • The rent which may be payable in some cases bi-annually (two years in most cases) or annually.
  • The tenancy agreement costs, an agent or a lawyer, whoever you decide to deal with will charge a fee for drafting the tenancy agreement.
  • Security deposit also known as Caution Fee to ensure compliance with the duties and obligations under the tenancy agreement.
  • The Caution Fee stands for a deposit, in case any damages occurs during the time frame of your tenancy, if you don’t damage anything, the Caution Fee will be refunded to you.
  • Other costs like insurance for your belongings should also be anticipated as the landlord is only under duty to insure for the physical structure.

Checkout Your Neighbourhood

  • Consider how secure the area is; whether there are good road networks, street lights and security personnel. Listen out for noise; Generators, roaring traffic, barking dogs, because noisy neighbours could be annoying.
  • Check out what amenities exist in the area; good power supply, good roads, clean water supply, is there a local supermarket, hospital or nearby schools if you have kids?
  • Find out about public transport. Is it easy and close by? Is it regular?
  • Look out for car parking space. Even if you don’t have a car yourself, it may come in handy when you have visitors.
  • What to look for in the property:
  • Check out the property’s state of repair and if repairs are needed ask if the landlord would be willing to do them before you move in.

Evaluate Security

  • Check out how the windows, doors and door locks if they are vulnerable to being burgled.
  • Look the immediate surrounding: check whether the fences and walls are secure and whether they would require additional security.

Work Out The Total Cost

  • Check out how much the Caution fee and agreement fee is. Ask the landlord to confirm how much it is and when you will get it back
  • Double-check the rent details. How much is it and when is it due, who you pay it to and how.
  • Ask the estate agent about administration costs. If you used an agent there may be extra costs when you sign the tenancy agreement or when it runs out in the future.
  • Work out how much anything that isn’t provided will cost, you may have to save up to get everything you need.

Fees And Commission

  • Agent’s Commission : You should expect to pay a 10% commission fee to the agent that refered him to the landlord or property caretaker
  • Lawyers Commission: You should expect to pay a 10% Tenancy agreement fee to the lawyer of the landlord or property caretaker.
  • Before signing, read, and if necessary get professional advice on, any documents you have to sign.

Key Parts Of The Tenancy Agreement

  • Length of the tenancy
  • Mode of rent payment
  • What the caution fee and agreement fee is
  • Who will hold it and how it will be held
  • How you will get it back
  • How much, and who will pay for work at the end of the tenancy, renewing the agreement or cleaning the property

The Fun Part: Moving In

This can be a very exciting moment and it’s easy to forget a few important things:

  • Insure your own belongings
  • Make your own notes of the meter readings both for water and electricity (as the case may be) so as not to pay bills for services you did not consume.
  • Finally make sure you know how all the basic things on the property works.

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How To Sell Your House In Lagos Nigeria – Free Home Selling Tips. http://9japroperty.com.ng/how-to-sell-your-house-in-lagos-nigeria-free-home-selling-tips/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-sell-your-house-in-lagos-nigeria-free-home-selling-tips http://9japroperty.com.ng/how-to-sell-your-house-in-lagos-nigeria-free-home-selling-tips/#respond Fri, 21 Aug 2015 15:14:11 +0000 http://9japroperty.com.ng/?p=3466 How to sell your house in Lagos Nigeria – This house selling guide provides free home selling tips from an experienced Nigeria real estate agent. The purpose of this home selling guide is to provide you, the home owner, a simple and practical how to sell your house guide that can help you sell your […]

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How to sell your house in Lagos Nigeria – This house selling guide provides free home selling tips from an experienced Nigeria real estate agent.

The purpose of this home selling guide is to provide you, the home owner, a simple and practical how to sell your house guide that can help you sell your house fast.

The idea to put together this guide was born as a result of my interaction with property owners who are anxious to sell their homes as fast as possible.
Home owners who want to sell their homes come to me and say, “I want you to please sell my house fast. I need the money urgently”.

Some others don’t want to use a real estate agent so that they can act as an agent and keep the estate commission to themselves. So they go online, signup with an online discussion board or real estate forum and begin to ask folks in the forum the simple question, “I want to sell my house myself. How do I go about it?”

This how to sell your house guide is for you whether you’re a home owner who appreciate the role of real estate agents (and so want to engage an agent to sell your house) or whether you’re a lone ranger who simply want to do it yourself.

Use the free home selling tips below to put your house in the front burner and position yourself to sell your house fast.

Free House Selling Tips

Tip 1: Know The Value of Your House

One of the first thing to know about your house is the worth or market value of your house.
Why is this important?

Well, at the very least, it will prevent you from having false expectations about the true worth of your house.

Property owners come to me and tell me they want to sell their house. When I ask them the price they wish to sell, many of them call a ridiculously high value.

I understand their feelings. They want to sell as high as possible so they can make as big a profit as possible.

On the other hand, home buyers want to buy as low as possible so that the payback period will be low. And when the payback period is low, they recoup their investment fast and can get a higher return on their real estate investment.

You see, everyone wants to protect his or her interest.

Bottom line.

If your sale price is too high, your property will stay longer in the market. Therefore, the very first step in this how to sell your house guide is this . . . know the value of your house.

How do you do that?

You can either call a property valuation expert or a property appraiser to conduct a real estate appraisal or you can use the most recent sale price of similar properties in your area as a benchmark.

Tip 2: Engage A Real Estate Agent
The second thing to do is to engage the services of a real estate agent.

Let’s face it.

Nigeria real estate agents are in the business of selling and renting properties. And they do this everyday. Therefore there is a likelihood that they will help sell your property faster than you can on your own because they meet more people who are ready to buy . . . people already in the “buy mode”

Tip 3: Make Your House Sellable

Here’s the third secret to selling a property fast in this how to sell your house guide:

Make your house sellable.

What does that mean?

It means that you should prepare the house to have greater value in the eyes of the potential buyer. Read the sell my property fast section for more details about how to do this.

Tip 4: Make Room For Negotiation

Most home owners already have a price they wish to sell their property even before approaching the real estate agent. Some of them don’t care what market conditions are. They believe they can sell at the price they wish to sell if the estate agent will just believe it can be done.

But suppose you then find a client willing to pay cash but is offer is one million Naira less than what you have in mind. Will you be prepared to bend backwards a little?

Well, it’s up to you what you do. It’s your house remember?

Tip 5: Close The Sale

When it’s time to close the sale and collect your money, please do.

Some people are emotionally attached to their house. In such instances, even after the potential buyer has done all that is required and is ready to pay, the home owner may still want to delay the transaction just a little bit more wondering if selling this house is the right thing to do.

Unfortunately, some home owners have lost good money as a result of that.

My advice?

It’s good to look back before making the final decision to sell off. But once that decision has been made because you need to invest somewhere else or you’re broke, then collect your money and get it over with.

Don’t let the emotions kill you!

P.S: The information in this how to sell your house guide is not legal advice. Consult your real estate attorney for legal advice.

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What is a Deed of Assignment and the Foolish Risk Your taking for not having a Deed of Assignment for your Land http://9japroperty.com.ng/what-is-a-deed-of-assignment-and-the-foolish-risk-your-taking-for-not-having-a-deed-of-assignment-for-your-land/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-a-deed-of-assignment-and-the-foolish-risk-your-taking-for-not-having-a-deed-of-assignment-for-your-land http://9japroperty.com.ng/what-is-a-deed-of-assignment-and-the-foolish-risk-your-taking-for-not-having-a-deed-of-assignment-for-your-land/#respond Wed, 24 Jun 2015 13:45:41 +0000 http://9japroperty.com.ng/?p=3309 A deed of Assignment is one of the most important documents YOU MUST HAVE when you conclude a Land Transaction. In fact it baffles me that 6 out of 10 people I know who have bought lands in the past have no deed of assignment. They are always the first to complain that Omonile has […]

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A deed of Assignment is one of the most important documents YOU MUST HAVE when you conclude a Land Transaction. In fact it baffles me that 6 out of 10 people I know who have bought lands in the past have no deed of assignment. They are always the first to complain that Omonile has defrauded them but they have no proof to show the property has been sold to them other than a receipt.

It’s funny that everyone has the title documents to their car showing who the seller was and how it was transferred from the Seller of that car to you the new owner but when it comes to landed properties which are 10 times more valuable than cars, we fail to ask for this one simple important document that can prove ownership of that land. What then is this all important deed of Assignment I am alluding to? This can be found from the following definitions below:

A deed of Assignment is an Agreement between the Seller of a Land or Property and a Buyer of that Land or property showing evidence that the Seller has transferred all his rights, his title, his interest and ownership of that land to that the Seller that has just bought land.

The Deed of Assignment acts a main document between the buyer and seller to show proof of ownership in favour of the seller. The person or Seller who transfers his rights or interests in that property is usually called the Assignor and the person who receives such right or interest from the Seller is called the Assignee.

A Deed of Assignment therefore is an Agreement where an assignor states his promise that from the date of the assignment or any date stipulated therein, the assignor assigns his ownership in that Land to the assignee. The deed contains very pertinent information for a real estate transaction. For one, it spells out the date when the ownership of the property transfers from one owner to the other. The deed also gives a specific description of the property that is included in the transfer of ownership.

In most situations, when the Deed of Assignment has been exchanged between both parties, it has to be recorded in the land registry to show legal proof that the land has exchanged hands and the public should be aware of the transaction. Such recorded Deed of Assignment come in the form of either a Governor’s consent or registered conveyance. The Deed of Assignment spells out the key issues in the transaction between the Seller and the Buyer so that there won’t be any confusion or assumption after the property has been transferred to the new owner. Such Key issues include:
Signing a Deed of Assignment and having that Deed is your number 1 evidence against another person that is trying to claim ownership of that same land too. If you have a land and no deed yet, i feel sorry for you! Better consult your Lawyer to go draft one for you now to save yourself future problems

Signing a Deed of Assignment and having that Deed is your number 1 evidence against another person that is trying to claim ownership of that same land too. If you have a land and no deed yet, i feel sorry for you! Better consult your Lawyer to go draft one for you now to save yourself future problems

1. The Parties’ to the Agreement e.g between Mr A and Mrs K

2. The addresses of both parties and how it is binding on their successors, friends, colleagues and those representing them in any capacity.

3. The history of the land in question how it was first obtained down to the moment its about to be sold including and documents it previously had till this date

4. The agreed cost of the land and the willingness of the Seller to finally accept that price paid for the land

5. The description and size of the land to be transferred.

6. The covenants or promises both parties choose to undertake to perfect the transfer of the document

7. The signature of the parties to the Assignment and Witnesses to the Transaction

8. Finally the section for the Commissioner of Oaths or Governors Consent to sign and validate the agreement.

These are the important features of a Deed of Assignment and must be included in all Documents for it to be valid.

Don’t listen to any Omonile who tells you he doesn’t or the family doesn’t sign a deed of assignment and that it is only a receipt you need. He is only looking for a way to resell your land to another person and to use receipt as a ploy to prevent you from establishing true ownership of your land.

Always consult a property lawyer before you buy a land to help prepare a deed of assignment. It will be your greatest mistake if you don’t have one.

Below is a sample deed of assignment and how it looks so that you don’t fall victim of land swindlers .

Always consult with a lawyer before entering a legal contract.

omonilelawyer.com

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Make 2015 Your Best Year Yet! http://9japroperty.com.ng/make-2015-your-best-year-yet/?utm_source=rss&utm_medium=rss&utm_campaign=make-2015-your-best-year-yet http://9japroperty.com.ng/make-2015-your-best-year-yet/#respond Fri, 12 Dec 2014 17:36:26 +0000 http://beta.9japroperty.com.ng/?p=1889 As 2014 draws to a close, there

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As 2014 draws to a close, there

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Real estate marketing tips for selling your properties in Lekki, Lagos http://9japroperty.com.ng/real-estate-marketing-tips-for-selling-your-properties-in-lekki-lagos/?utm_source=rss&utm_medium=rss&utm_campaign=real-estate-marketing-tips-for-selling-your-properties-in-lekki-lagos http://9japroperty.com.ng/real-estate-marketing-tips-for-selling-your-properties-in-lekki-lagos/#respond Fri, 05 Dec 2014 15:50:33 +0000 http://beta.9japroperty.com.ng/?p=1833 When deciding to sell your property, your wish is to get a buyer as fast as possible and to sell it at a price that represents the market value of your property fairly. To achieve this aim, you must work with a real estate broker/Agent because that is their profession and not only that, they […]

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When deciding to sell your property, your wish is to get a buyer as fast as possible and to sell it at a price that represents the market value of your property fairly. To achieve this aim, you must work with a real estate broker/Agent because that is their profession and not only that, they know all the strategies you don’t know to get a buyer for your property as fast as possible. Even, if you want to do it yourself, you may not have the time or energy to carry it out and the probability of you getting a buyer for your property is almost at zero.

Now, you know you need a Broker/Agent to sell your property, but do you know not all Brokers/Agents are worthy of hiring. To be able to sell your property and selling it fast at a price that represent the market value of your property fairly, you need to hire a Top Performing Broker/Agent.

How do you know if a Broker/Agent is a Top Performer? To know if a Broker/Agent is a Top Performer, you must look out for the following qualities:

Tips to getting a Top Performing Broker/Agent

1. What strategies are they using to market property?

Every Top performing Broker/Agent must have a strategy to expose real estate properties to a large audience of potential buyers. The more the crowds of potential buyers they are able to expose your properties to, the higher the possibilities of your property getting sold. I wrote an article on my blog www.realtorhope.com on how a real estate agent can build a good marketing ideas. You can read the article to get a better understanding of what to expect from a top perfoming real estate agent or broker.

There are two strategies of marketing real estate.
· Traditional Marketing

· New media marketing (internet marketing)

2. How many properties have they been able to sell in the past year or current year?

The only way to know a Top Performing Broker or Agent is in the numbers of properties he is able to sell over a period of time and on the other hand, the only way to tell if a Broker or Agents strategy are working is in the number of properties he is able to sell over a given period of time also.

3. Do they have a website?

In this internet age that we are, more and more people are now embracing the internet either as a medium of communication, research or simply to purchase a product. A research has it that 90% of home buyers bought there homes through an agent they met online. The only way you can expose your properties to that large buyer base is to expose your properties online and one of the effective ways to do that is to have a real estate website. So, if the agent you are planning to list your property with doe not have a website, then that means your property won’t be getting the attention of millions of online real estate buyers.

4. Do they have a blog?

Blogging is the only way a real estate agent can effectively take over search engine result pages (Google, Bing and Yahoo) and to portray there self as an expert in that town real estate. In this age, as more and more people are now relying on search engines like Google to search for properties to buy or sell, if your real estate agent is not blogging for his town real estate to take over search engine result pages and showcase your listings to millions of search enngine searchers, then be prepared your listings will stay very long in the market.

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