Tag Archives: Real Estate Transactions

No one wants to lose in any real estate negotiation situation. The buyer would love to buy for as low as possible, whilst the seller would rather sell at the highest possible price he can get. Feeling comfortable with a real estate transaction is the easiest way to ensure that you have a positive experience, whether it be as buyer ...

An Ebute-Meta Chief Magistrates’ Court, Lagos, has sentenced a property developer, Alhaji Ayobami Oseni, to 2,670 years imprisonment for duping 133 accommodation seekers of N25 million. Chief Magistrate O. O. Olatunji convicted Oseni following his plea of guilty to 267 counts of conspiracy, obtaining under false pretenses and stealing. He sentenced Oseni to 10 years imprisonment with no option of ...

Real estate business is an information- driven business where valuable information is shared and evaluated between buyer and seller, and/or tenant and landlord before concluding a transaction through an agent who serves as an intermediary between them in the localized property market. In this article, we take a critical look at the influence of technology and the Internet on the ...

Real estate transactions involve the leasing, renting, buying or selling of property and is viewed as a very profitable venture. Unfortunately, scams and frauds are a common feature within the sector. This article identifies red flags in real estate transactions you must watch out for. Scam or fraud is a major obstacle bedeviling real estate transactions in Nigeria, this is ...

Don’t be easily fooled by plenty talks, not every real estate agent or developer goes into the business of real estate having their client’s best interest at heart. This article turns searchlights on the dark agents of real estate business Real estate transactions involve the leasing, renting, buying or selling of property and is viewed as a very profitable venture. ...

There are a couple of things that can hinder a real estate transaction or worse still bring it to ruin. However, two vital parts of the inherent bottlenecks in real estate transactions can single handedly make or mar any real estate transaction. Papers are one of the two key things that can make or mar any real estate transaction. Owning ...

If you are planning to venture into real estate investing, and have done some research, I’m quite sure you’ve already encountered the phrase “Due Diligence” many times over. What then is due diligence and why is it very important in real estate investing? Due diligence in real estate investing is a process where you are taking the necessary and reasonable ...

The dangers of land with flexible payment are numerous, especially those ones that tell you to buy two and get one free. Usually, when something sounds too good to be true it is probably not true. If a company does a promo of this nature, it doesn’t necessarily mean that you are going to get a free plot of land ...

Analysts from the real estate sector have projected that transactions in the industry would surpass $1trillion globally, by 2020. The Director Global Capital Markets Research, Mr David Green-Morgan, stated that transaction volumes would be driven by the need to cater for the aging global population investment requirements. Green-Morgan, noted that by 2050 there will be more people over the age ...

This article by Mr. Debo Adejana deals with the importance of documentation and sequence of execution in any transaction involving real estate. In real estate, documentation is very key. Real estate is the type of asset that is immovable and highly illiquid; in layman’s language it means it cannot be sold quickly. It can be there for years and yet ...