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Elton Michael

COO, Luxastay Properties

Top 5 Property InvestmentOpportunities in Nigeria for 2024

The role of a real estate agent is critical whether you're buying, selling, or renting a property. Choosing the right agent can make all the difference in securing the best deals and avoiding pitfalls. First, it's essential to look for agents with a solid track record and glowing client reviews. An agent with deep knowledge of the local market, like areas around Lekki or Victoria Island, can offer insights on neighborhood growth, property values, and future developments. Additionally, communication is key: a good agent will listen to your needs, provide regular updates, and offer honest advice, rather than just focusing on commissions. Don't hesitate to interview multiple agents, compare their approaches, and ensure they understand your specific goals.

Elton Michael

COO, Luxastay Properties

A Guide to Buying Your FirstHome in Nigeria

Purchasing your first home is an exciting but challenging process, especially in Nigeria's dynamic real estate market. Before diving in, the first step is setting a realistic budget based on your income, savings, and financing options. Many first-time buyers overlook additional costs like legal fees, survey plans, and documentation charges. Working with a mortgage provider who understands the local landscape can help secure favorable rates. It's also crucial to perform a thorough property inspection—smart homes are gaining popularity, but you need to verify their tech features and infrastructure. Engage a lawyer to guide you through the legal paperwork, especially for land title verifications and sales agreements.

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