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Recent trends have shown that the performance of the Nigerian property market and the economic emergence from recession is being driven principally by the easing of inflationary pressure, improvement of foreign exchange liquidity, improved investment inflows and increased oil production in Nigeria.

This positive outlook has led to a sectorial growth in the overall performance of the premium real estate business. Hence it has made it highly imperative for buyers and sellers of premium residential and commercial real estate in an economy resurging from recession to approach it intelligently by asking the right questions that fosters making the right choices.

In Nigeria, buying or selling a home can be complex and time-consuming. As an investor, before you make the ‘big decision’ about which property to buy, which home loan to select, or which agent you engage to sell your home as a developer, you have other important decisions to make. You are more likely to make the right choices and avoid expensive mistakes by Asking the Right Questions – Doing your Research.

First of all, know what you want. And you can achieve this by making a list of all the essential features you require in your property. Then write a separate wish list of desired but non-essential characteristics, to factor into your decision making when you find them in a property you can afford. From the Legal title documents, to the Developer’s Build Quality and Building Permits, even to the nitty-gritty details around the plumbing system, the soil integrity test and the electrification of the house, asking the right questions will surely help you make the right choices.

Yes, we know how complex it can be to curate and analyse the right data for informed decision making in Nigeria, hence we at Ambicorp Real Estate have positioned ourselves to be your TRUSTED PROPERTY ACQUSITION & SALES PARTNER all through the Transaction Journey. Therefore, we can help you

Research the market value of property

Educate you on the economy and its impact of the property market

Analyse several industry events and happenings, host investors conference and monitor real estate trends & market performance results.

These are times when property enthusiasts need the right education about the products and services offered by suppliers, legal practitioners, surveyors, buyer’s advocates, mortgage brokers and lenders and data driven insights; and you can get all this from our intelligent real estate expert advice services which over the years has proven to be an  excellent source of information.

 

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You may have wondered how to become a Real estate investor in Nigeria, you may have as well, over the years, been studying about real Estate investments and how it’s been done online, well unfortunately most things you have read in foreign journals or followed in webinars are not operationally possible in Nigeria. This article tries to explain in simple terms five simple ways you can begin your investment walk in real estate in Nigeria.

  1. 1. Try to Understand what Real Estate really means:

Investopeadia defined Real Estate as:
Real estate is property comprised of land and the buildings on it, as well as the natural resources of the land, including uncultivated flora and fauna, farmed crops and livestock, water and mineral deposits. Although media often refers to the “real estate market,” from the perspective of residential living, real estate can be grouped into three broad categories based on its use: residential, commercial and industrial. Examples of residential real estate include undeveloped land, houses, condominiums and town houses; examples of commercial real estate are office buildings, warehouses and retail store buildings; and examples of industrial real estate include factories, mines and farms.

Investment in Properties is a wonderful exercise which you’d hardly ever regret doing if done the right way. Buying, rental and selling of Homes, Lands, or Landed property, Rocks, dilapidated building and re-investment are all the activities called real estate businesses. A smart Real Estate investor, observes, and researches an emerging regions and draws an investment forecast and decides whether investment process should be initiated or not in the region or place.

  1. Buy REITs

Reits, or real estate investment trusts, allow you to invest in real estate without the physical real estate. Often compared to mutual funds, they’re companies that own commercial real estate such as office buildings, retail spaces, apartments and hotels. REITs tend to pay high dividends, which makes them a good investment in retirement. Investors who don’t need or want the regular income can automatically reinvest those dividends to grow their investment further. As an investment scheme, REITs/REICs can either be publicly traded on the stock exchange or owned by private investors. Ambicorp Real Estate company possess the expertise to help you with more Information about Buying REITs.

3 Take advantage of Established Online Real Estate Companies.

Real Estate Industry is large and Information spread across easily especially among industry experts, One of the easiest ways of Investing in Real Estate in Nigeria is to liaise with a reputable online Real Estate company who networks property owners with investors, developers etc, connect borrowers to investors willing to lend them money for various personal needs, such as a wedding or home renovation

These platforms connect real estate developers to investors who want to finance projects, either through debt or equity. Investors hope to receive monthly or quarterly distributions in exchange for taking on a significant amount of risk and paying a fee to the platform. Like many real estate investments, these are speculative and illiquid.

The bump is that you may need money to make money. Many of these platforms are open only to accredited investors, defined by the Nigerian Securities and Exchange Commission as people who’ve earned income in few millions in each of the last two years or have a net worth of 100 million or more, not including a primary residence.

  1. RENOVATE AND RE-SELL PROPERTIES

Some people have properties in highbrow areas like Ikeja, GRA in Lagos, This properties have outlived their resilience ,The houses are dumb looking already, yet they stick to living in It, an expert advice will be to renovate the property and sell it off, but before selling it off, make sure you already have other properties you are just waiting for funds to pay up for, because it won’t be advisable to sell and start looking for a home or land to buy,
You may try property trading. It’s not necessary to live at a spot forever; buy to sell is real Estate.

  1. Form Real Estate Investment Groups

Instead of investing your club money in mere mutual support, why not invest in properties. There are lots of properties all around Nigeria in both developed and emerging areas, contact a real estate professional to guide you on how best to invest in properties.

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Experience  and research over the years led to this article, It should known that successful business people didn’t jump into success overnight but took a conscious effort to grow steadily in Business.  Business guides or a piece of Business advice for someone in America or China may not exactly work for someone in Algeria or Nigeria, Putting this in Perspective, entrepreneurs and dynamic business enthusiasts the world over study their market and their government policies and itemize all to structure a workable business strategy.

Be that as it may, Experts argued that there are profound and universal business tips that obtain in every clime, especially those relating to the basics and relationships between clients and product/service providers.

This article seems to underline these baseline tips necessary for a business to be successful.

  1. Plan your Day Before it starts

Take a few Minutes the night before and plan your top priorities for the following day, Attack those things first and seriously not minding other things competing for attention.

  1. Write Valuable blog Content

Anita Clark advised that blogging in today times is a top priority,
As an entrepreneur or a real estate Agent in Nigeria you should know that The more quality content you publish improves your visibility, trust, and the better chance you have to be seen by buyers and sellers.

You can find out about ways to Invest in Real Estate Business in Nigeria here:

  1. Invest in a Great Website

This is a no-brainier, The quality of website you develop gives people the assurance that you truly are into business, Spend time and money to get a good website done, with good description of your services, your team and be honest about what you can do.

  1. Network and Socialize Daily

Socialize with other people, throw parties, do things that bring people together, attend gatherings and find a way to mix up with the people, give people reasons to retain your contact, relationship is the currency of business

  1. Give to Get

In your line of business, or as a realtor, promote other brands, re-tweet their tweets, share their Facebook posts, and make them believe you support their business, then certainly same may want to follow you back in sympathy and share your brands as well.

  1. Put Clients Need first

This is one area most Nigerian Business people get wrong, at the start of a business, they will value their clients so well, but when they have gained ground, love and respect for even new clients begin to diminish, you may not be able to maintain all clients but you can’t afford to lose one, the advice is to prioritize the need of your clients at all times, Remember they say customers are always right..

  1. Stay up on Social Media

social media seems to be a direct gift from God, utilize the efficacy of the social media to drive sales and brand awareness, If you can’t do it on your own, you would need to employ a dedicated professional to handle your handles, and make sure you understand why you need to do this.

  1. Respond Quickly to Leads

Pay attention to every comment, and new leads, no matter how it sounds, respond quickly and professionally.