Most clients that are not well-informed and who want to purchase a property often do so on their own without consulting with experts in the field. So with minimal experience they plunge into it. In a situation like this, they are unable to make the right judgment with regards to the best choice of property. They get carried away by their emotion. In fact, sometimes such clients fall in love at first sight with a property which upon more investigation reveals other issues to put into consideration in making a choice.
TYPHOID KNOCKS OUT TWO REAL ESTATE WARRIORS IN A BATTLE DUEL
FOR over two weeks now the top executives of Ogbes and Co. Property, Rutherford Chidi and Ogbemudia Airen, have had a grueling encounter with typhoid. During this period we ran way from the battle front to reinforce by buying drugs from nearby chemist shop. This only led to a temporary cease fire. Typhoid and all his armies went back to the drawing board only to come back stronger and more deadly. All the drugs we bought could not withstand the now sophisticated typhoid.
In my case, Rutherford, i was taken to the hospital where i was given a 21st century drug combatant. With this i picked up a bit. But for my boss, Ogbemudia Airen, he was defeated hands down. I write this post from his hospital ward this day 17, August, 2013.
What could be responsible for this long drawn out battle with typhoid? Well, since am an apprentice in the field of medicine i dare not venture any answer. I leave this matter to the hands of medical veterans. The good news is that he is now responding to treatment very well.
We have learnt our lessons.We are going to reduce the stress which am very sure was partly responsible for this situation.As for you my reader, do not underestimate the harm stress could cause. The reason i decided to write this post is that as real estate agents this experience seriously affected our work. And now by Gods grace we will pull through.
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| In the hospital, 17 August, 2013. |
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CLIENTS MAKE US STRICT
It was August 15, 2013. Early that morning the sun had not forgotten to sit in its traditional position.The cloud was bright and full of promises. i set about doing my regular work each day, when i received a call from a client who wanted to rent one of the apartments in our care. The thought of making some money made me to abandon what i was doing and run like a headless chicken to meet the client.
Two gentle-looking men with a seemingly innocent faces stood unconcernedly and rather with much expectation waiting to see the agent. With my face beaming with smiles i greeted warmly as if i had known them for a century. They responded well, and soon i showed them around the property.
As they were taking a tour, i observed a worried expression in their faces. They quickly commented that the toilet space was too small for their liking. I made them to understand that it was not Goliath that was going to use the toilet then warranting a large space. After that we dived into negotiation. Since the apartment they were inspecting was a room and a parlour self-contain, the landlord charged seven thousand naira for the rent and upfront payment of one year to be made. Right there in there presence i called the landlord and persuaded him to accept six months upfront payment. As a veteran in the field i did a pretty good job convincing the landlord.
According to the ethics of my profession, i was to charge 20 percent commission on the total amount payable. But because my client was a young hardworking man and we were going to be neighbours since the apartment was opposite where i lived, i decided to slash it down to about 10 percent. Also, i did not ask him to pay for registration. I negotiated good terms for him and made the landlord promise to fix the broken door and all other necessary maintenance to be carried out.
At the end of the day , the client never expressed appreciation for my extra-mile service and made me feel that i had exploited him. Although he eventually got the apartment, i left feeling unhappy over the way and manner i was treated. This was not my first experience. So i vowed to be strict with clients.
Please drop us a comment to help us know if you too experienced the same thing. View our properties for sale here:www.facebook.com/propertytycoons or call 07031384722 for a consultation
SOME CLIENTS LIKE TO PLAY A FAST ONE
Indeed, our dealings with clients over the years have revealed a very shocking trend. They try to play smart. But then we are veterans in the field, and so we easily catch them by their wits.
“It's discouraging to think how many people are shocked by honesty and how few by deceit.”- Noel Coward, Blithe Spirit
“It's discouraging to think how many people are shocked by honesty and how few by deceit.”- Noel Coward, Blithe Spirit
If you don't understand what i mean be patient, as you are going to gasp when you find out the subtle tricks clients use. When we take a client to check a particular property, right there at the venue they begin thinking about how to jettison us in other not to pay the commission we richly so deserve.
“God hath given you one face, and you make yourself another.”-Williams Shakespeare, Hamlet
“God hath given you one face, and you make yourself another.”-Williams Shakespeare, Hamlet
Oh no, this is not fair. We are already aware of this gambit, so we follow up every step the client takes. Some clients will by-pass us immediately to connect with the seller of the property and proceed with the transaction.Unfortunately, this gamble and gambit always put them on a slippery terrain. i mean it often backfires, and we take it up immediately.
“Just because something isn't a lie does not mean that it isn't deceptive. A liar knows that he is a liar, but one who speaks mere portions of truth in order to deceive is a craftsman of destruction.”
--Criss Jami
“Just because something isn't a lie does not mean that it isn't deceptive. A liar knows that he is a liar, but one who speaks mere portions of truth in order to deceive is a craftsman of destruction.”
--Criss Jami
Some have proven particularly stubborn in this direction. Hence, we deploy our army of veteran lawyers to fight the battle for us. At the end of the day, they realise with dismay that it is difficult to teach an old soldier new tricks.So we get on.
As dedicated Christians we try to restore a good relationship with the guilty clients. At the end of the day we become close pals and they give favourable word of mouth to their friends. Please leave us a comment to help us know your feel of the situation. Then too kindly SHARE the post if you enjoyed the reading
WHY PEOPLE PREFARE US
1.
Any
transaction with us always results in a win-win situation
2.
We
dig deep into the history of any property in our custody
3.
We
carry out extensive investigation and confirmation of the ownership of the
property handed to us.
property handed to us.
4.
We
work with a cutting-edge attorney that assists in processing legal documents
5.
We
steer clear of properties that are under disputes.
6.
We
engage neighbours, landlords and community leaders in attempt to assist in
investigating the true ownership of properties
investigating the true ownership of properties
7.
We
critically examine all documents relating to a property to make sure it is authentic
8.
We
address clients fears and concerns by making sure they get genuine property
9.
We
get feedback from clients to ensure continued satisfaction.
10. We
render a sincere assistance to inexperienced clients by giving them a proper
orientation so as to make the best choice of property.
11.
We
have built up a track record of honesty, integrity and always engaging in
trouble-free transaction
12.
We
enjoy a favourable report from satisfied clients.
The Bottom Line on Contract Negotiation
Ask these questions before you
decide to go ahead with a contract.
The natural focal point of a real
estate purchase contract is the selling price of the home, but the price isn't
the only factor that determines the net bottom line for both the buyer and the
seller. Is a bargain for the buyer really a bargain if he or she is paying all
the transaction costs? Is a top price for the seller really a top price if the
buyer wants all the furniture to be included in the purchase price? Or if the
buyer they can't come up with the downpayment or qualify for a mortgage?
Before you decide to go ahead with a
great price, here are five other bottom-line points to consider:
1. What are the estimated
transaction costs and who will pay for what? Typical costs include the brokers'
commission, a home inspection, a termite inspection, escrow or attorney's fees,
a title search, an owner's title insurance policy, transfer taxes and recording
fees. The price tags on these items vary greatly around the country. Who pays
for what is a matter of both local custom and negotiation.
2. How much money is the buyer
putting into escrow and how soon? A big deposit -- called "earnest
money" -- and a substantial down payment are generally seen as a sign that
the buyer is serious about completing the transaction. From the seller's point
of view, the more money the buyer places in escrow and the sooner the money is
transferred, the better.
3. Is there a mortgage financing
contingency and how specific is it? The mortgage escape clause is a must for
buyers, unless they're paying all cash for the home. Without this contingency,
buyers can be legally obligated to purchase the home even if they can't obtain
financing. Further, an open-ended statement that says the buyer will obtain a
loan "at the prevailing rate of interest" leaves the buyer completely
exposed to interest rate fluctuations. A statement that says the loan must be
at an interest rate "not to exceed xx percent" and on specified terms
is preferable.
4. What furniture, fixtures and
appliances, if any, are being sold with the property? Technically, anything
that's permanently affixed to or installed in the home is real property.
Everything else is the seller's personal property. This distinction is a narrow
one and it naturally leads to a fair amount of confusion. Are built-in
appliances real property or personal property? What about a shelving system? A
chandelier? Window coverings? Potted plants in the backyard? Sellers who intend
to remove anything that's attached to the home should have that spelled out in
the contract. And the same goes for buyers who expect to acquire any of the
furniture or other movables.
5. What will happen if either side
breaches the contract? Unless an unmet contingency triggers the abandonment of
the contract, it's a binding legal document. Buyers who fail to perform can
lose their deposit money. Sellers who try to back out can be sued for
"specific performance," which forces the sale of the home to the
buyer. Many contracts also specify that disputes must be brought in
small-claims court or presented for arbitration or mediation.
Tip: Ask your real estate agent to
go over the standard contract with you before you receive or make a purchase
offer. That way, you'll know what to expect and be prepared to negotiate the
best deal you can get.
How a REALTOR® Can Help
A real estate agent can help you understand everything you need to
know about the buying process. The process of buying a home or investment
generally starts with determining your buying power; that is, your financial
reserves plus your borrowing capacity. If you give a real estate agent some
basic information about your available savings, income and current debt, he or
she can refer you to lenders best qualified to help you. Most lenders -- banks
and mortgage companies -- offer limited choices.
Looking
Once you know how much you can and want to invest, the next step is to find the properties that most nearly fit your needs. This is the time to choose a real estate licensee.
Once you know how much you can and want to invest, the next step is to find the properties that most nearly fit your needs. This is the time to choose a real estate licensee.
Choosing a property
Your job is to make the final selection of the right property for you. This is when excitement and emotion run high. Your real estate agent can assist you in the selection process by providing objective information about each property. Agents who are REALTORS® have access to a variety of informational resources. REALTORS® can provide local community information on utilities, zoning, schools, etc. There are two things you'll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?
Your job is to make the final selection of the right property for you. This is when excitement and emotion run high. Your real estate agent can assist you in the selection process by providing objective information about each property. Agents who are REALTORS® have access to a variety of informational resources. REALTORS® can provide local community information on utilities, zoning, schools, etc. There are two things you'll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?
Negotiating
There are myriad negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.
There are myriad negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.
Due diligence
With a negotiated agreement in hand, it is time to complete the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your agent can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of property. The title to most properties will have some limitations; for example, easements (access rights) for utilities. Your agent, title company or attorney can help you resolve issues that might cause problems at a later date.
With a negotiated agreement in hand, it is time to complete the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your agent can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of property. The title to most properties will have some limitations; for example, easements (access rights) for utilities. Your agent, title company or attorney can help you resolve issues that might cause problems at a later date.
Financing
As soon as you are reasonably sure the property is right for you, the process of obtaining financing begins. Your agent can help you in understanding different financing options and in identifying qualified lenders.
As soon as you are reasonably sure the property is right for you, the process of obtaining financing begins. Your agent can help you in understanding different financing options and in identifying qualified lenders.
Closing or settlement
Finally, there is the closing, or settlement, as it is known in different parts of the country. Every area has its own unique customs. In some areas, the title or escrow company will handle this process. In other parts of the country, an attorney does it all. Again, your real estate agent can guide you through this process and make sure everything flows together smoothly.
Finally, there is the closing, or settlement, as it is known in different parts of the country. Every area has its own unique customs. In some areas, the title or escrow company will handle this process. In other parts of the country, an attorney does it all. Again, your real estate agent can guide you through this process and make sure everything flows together smoothly.
