Building your dream home is one of the most challenging tasks in your life, first you will have to face the challenge of selecting a suitable plot of land to complement architectural design, which mainly is dependent on your budget.
Valuation is an art not a science!
The question to ask is- what determines the value of a property? How does the buyer know that a property is overpriced or seller know that the property is being sold below market value, what factors determines this?
Buying property is a great source of happiness most especially when you negotiate and seal the deal of a good offer but never be in a hurry to pay for a property until you get a second and third look at it as your outlook and opinion of it may change and faults become clearer after the excitement of seeing something you like for the first time wears off.
Taking the flood in Lagos as a yardstick, it tells that there is a lot of work to be done in terms of Urban Planning. Good road networks must be accompanied by efficient drainage system and sensitization of the locals on the advantages of proper waste disposal.
Land - as an asset Investment in real property is a conscious venture investors need to make. Land is real estate or property, minus buildings and equipment that does not occur in a natural way. Land ownership may offer the title holder the right to natural resources on the land. The term land can be looked … Continue reading OF LAND AND ITS UTILITY
I have mentioned it once and again I emphasize the importance of engaging professionals when coming into a real property transactions. Certainly when experts are engaged you will get qualitative services and not land into troubles. Grey areas become exposed and expounded to you. My general advice is for no one to sacrifice professionalism because … Continue reading CAUTIONS AND PRECAUTIONS IN LAND TRANSACTIONS 2
Land is, undoubtedly a fundamental necessity of life. It remains the foundation/framework within which the social, political and economic activities of a society must function. No society can exist without land. We cannot over-emphasize the need to make investigations prior to determining whether or not to purchase a real property. Your enquiries revolves around whether … Continue reading CAUTIONS AND PRECAUTIONS IN LAND TRANSACTIONS
Purchasers of Real property are of the mistaken opinion that provision of a deed of assignment by a vendor passes good title and that in its self finalizes a purchase but this is not true. It is essential that a purchaser perfects a purchase by registering the acquired interest in that property as it is … Continue reading REGISTRATION OF INTEREST IN REAL PROPERTY
A bundle of rights is a broad term used to organize property rights (as they relate to real estate); a bundle of rights is comprised of five different rights of the property owner: the rights to possess, control, enjoy, exclude and dispose. The right to possess is the right to occupy the property. The right … Continue reading RIGHTS, TITLE & BENEFITS IN REAL PROPERTY