ADVANTAGES OF BUYING PROPERTIES ONLINE by Anthony O. Anyakora

ADVANTAGES OF BUYING PROPERTIES ONLINE
By Anyakora O. Anthony

“Whoever said money can’t buy happiness simply didn’t know where to go shopping” 
– Bo Derek

Since the advent of Covid19, lots of activities in the world have evolved as people have now devised various means to carry out their day to day activities. The world is gradually becoming dominated by the presence of the internet and its various activities. The influence of the internet is clearly visible in the personal as well as commercial sphere.

Today most Real Estate dealings are carried out with the help of internet, people interested in selling or buying properties provide their details online. Most companies now permit their employees to work from home, they also hold virtual meetings. The same principle applies to most Real Estate companies as virtual tours are being explored for property inspection before prospective clients settle for the actual property they wish to buy and possibly carryout physical inspection when they have finally decided on the particular property to buy.
The advantages of buying properties online includes but not limited to:


Time saving: One of the major advantage of buying real estate online is that it saves you considerable amount of time by not visiting the location in person. Furthermore, you don’t have to deal with weather elements and traffic. You can do a virtual tour anytime you want despite factors such as weather or if the person holding keys to the property is available or not.
Wider reach: It’s often said, “The world is a global village.” Just by sitting on your personal computer one can obtain information about properties in any part of the world with help of Real Estate platforms.

Verified listings: Most properties online can be easily verified as well as the agents listing them. Members of the public usually drop reviews which would either serve as a boost or a deterrent to prospective buyer as regards dealing with a particular agent.
Also correspondences can be shared online concerning property details such as survey plan, governor’s consent, and deed of assignment etc. to allow prospective buyers carryout property search.

It provides multiple choice:  Buying online gives the buyer the opportunity to compare prices and make the right offer for a property. For instance, if various agents are selling 4 Bedroom semi-detached duplex with a room boy’s quarter for between N65m – N85m within a particular area. The prospective client is properly guided on the price to offer for a 4 Bedroom semi-detached duplex within the area. It also affords the prospective buyer the opportunity to compare properties of various designs and sizes within an area.

Accurate neighborhood report: With the advent of technology, Global Positioning System (GPS) and Google location maps, one could accurately locate any given property captured by the map. Also information about social and physical infrastructure where the property is located such as town halls, cinemas halls, event centers and malls, parks, ATMs, bus stops, highways and hospitals can also be obtained using maps without visiting the location personally.

Buying property directly from the developer: this reduces the gap in communication between the selling and buying parties. The prospective buyer can get most of his/her concerns answered directly by the primary seller rather than use a mediator. However there is need to engage a credible realtor (ramosoflagosrealty.com; propertyinvesthub.ng; @crescohomes; @whitesonehomesandproperties; @danlamiluxuryhomes: @rayetelproperties ) who have sound knowledge of paperwork related to buying of a property but this usually comes at a cost which is far more profitable than investing in a property with questionable title or legal standing. Please note that engaging a realtor does not negate the place of a lawyer in concluding property transactions.


#Issue07
#Airbnb
#RealestateRadar
#Realestateinvestment
#Amberandwhitestone
#Realestateconsultants
#Realestateinvestors
#Investmentguide
#RealestateOutlook

Comments

Post a Comment

Popular posts from this blog

DISTRESSED SALE

Image
DISTRESSED SALE  by Anthony O. Anyakora “Real estate investing even on a very small scale, remains a tried and true means of building an  individual’s cash flow and wealth.”   - Robert Kiyosaki A distress sale or distressed sale happens when a property, asset or stock is sold quickly. Distress sale often result in financial loss for the seller who for reasons of economic constraint must accept a lower price. The proceeds from these assets are most often used to settle debts or emergencies. A distress sale may occur due to any of the following: +Bankruptcy +Divorce +Declining real estate value +Medical expenses/ health problems preventing the owner from maintaining paid employment +Business failure +Death of spouse +Unemployment Bankruptcy is a state or condition of one who is unable to pay his debt. This could be caused by unemployment, health challenge or business failure. Divorce could lead to a distressed sale when the property is jointly owned by a ...
Read more

HOUSING DESIGN by Anthony O. Anyakora

Image
HOUSING DESIGN by Anthony O. Anyakora “The details are not the details. They make the design.”  - Charles Eames The importance of conceptualization/idealization for any given project cannot be over-emphasized. The same can be said for real estate, as every housing project is usually preceded with a housing design. There are many things to consider when designing a house, such as function, style, comfort and convenience . The dexterity of the Architect is on display when he combines the aforementioned factors to produce a unique housing design. Here are some features a well-designed housing project should adopt: >Flexible space >Good ventilation >Good kitchen layout >Surrounding space >Material quality >Ergonomic interior >Orientation >Storage FLEXIBLE SPACE: In designing a home, you need to do it in a way that satisfies all your current needs howbeit with adequate room for change if priorities change. For example a family of three, living in a...
Read more

TENANCY AGREEMENT by Anthony O. Anyakora

Image
TENANCY AGREEMENT by Anthony O. Anyakora “When people are divided, the only solution is agreement”   - John Hume A tenancy agreement is a written document binding landlords and tenants on their contractual obligations towards one another. This document is signed by the tenant and the landlord or his duly appointed agent before they become bound by the terms once the agreement is signed. The purpose of a tenancy agreement is to provide both the landlord and the tenant adequate future security or protection. It would serve as a reference point in the event of a dispute. It is important to note that the terms and conditions of the tenancy agreement need to be within the ambit of the law. If a term in the tenancy agreement is against the statutory rights of either the landlord or tenant, that term cannot be enforced. The tenancy agreement should be in writing and duly signed by the landlord, tenant and their witnesses. Difference between tenancy agreement  and lea...
Read more