Octo5 Estates Limited | Blog
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Many people take it for granted that the value of real estate will always go up; while this is the case most times, there are also instances where the value of a real estate development depreciates. There are so many ways to know if the value of your property will appreciate, and while this is not to be construed as expert advice, here are some simple ways through which you can ascertain if your investment
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Like all kinds of investments, the security of investment is very key when considering real estate investment as a means to grow your income. While many investors follow hypes and trends, smart and savvy real estate investors make sure certain boxes are ticked before making the decision to invest in real estate.  Make sure that the real estate developer is credible and has shown a strong record of meeting obligations to investors. If possible speak
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Before committing your hard-earned funds to real estate investments, you must be on the lookout to ensure your investment is secure and the property you are investing in is not a sham. Many Nigerians have fallen victim to real estate developers who either sell lands without government approval or which infringe on state or federal regulations.  Do not be swayed by smooth-talking agents who will promise you high returns in real estate value over a
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Mortgages are used either by prospective buyers of real estate to raise funds or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is “secured” on the borrower’s property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property to pay off the loan
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While it is always important to consult a lawyer when engaging in any real estate business, it is critical that you as a property owner also keep yourself aware of the various terms used in the industry and their meanings. This is especially important so lawyers, estate agents or property developers do not take you for a ride or bamboozle you.  Agreement of Sale This constitutes a written agreement in which the purchaser agrees to
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