Sometimes a buyer and a realtor’s interests are aligned. However, there are situations where the right advice for a client is not aligned with the realtor’s monetary incentive. Many successful realtors today achieved this feat through transparency and having their client’s best interests. How then do you ascertain if a realtor truly has your back?
Property technology (also known as PropTech, and real estate technology) is the application of information technology and platform economics to real estate markets. Every industry evolves with technology over time and real estate is not an exception. Although it might have taken a while for the real estate niche to adopt proptech, the industry has finally recognized its impact.
Homeowner’s associations are very useful, especially in urban communities where residents prefer to do things by the book. But just as much as it has its pros, it also has its cons. Think about it. You move into the neighborhood as the latest homeowner on the block. Everything is going well. Your neighbors welcome you, perhaps throw you a small party or send a gift basket, except that most neighbors in cities like Lagos and Abuja would rather mind their business in other to avoid unforeseen problems. Weeks or maybe months into being the newest resident in the neighborhood, you’ve finally settled in and you’re no longer regarded as ‘the new man/woman/family on the block. Good for you. That’s progress.
It doesn’t matter how much Michael thinks his house is worth. The market strongly dictates how much he gets for it. Buyers tend to look at similar houses in an area. They compare prices and most often the houses with higher prices like Michael’s don’t get sold. This further proves the theory that your house is only worth what other people are willing to pay for it.
A good real estate agent is basically a home buyer’s guardian angel. Their expertise helps first-time home buyers ensure there are no setbacks or challenges in your journey to becoming a homeowner, and should they occur, they are easily handled. A good real estate agent is your compass to locate houses that meet your needs and are within your price range. They accompany you to see these homes and once you’ve made your choice, they handle the negotiation, purchase process, and paperwork.
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