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Why Frankrealtors is Considered for Property search

Are you thinking of buying a home? Are you dreading having to walk through strangers’ houses? Are you concerned about getting the paperwork correct? Hiring an experienced, professional real estate agency like Frankrealtors can take away most of the challenges of buying.

Here are four reasons to consider Frankrealtors Limited for your home search. 

  1. Give you honest opinions of the price

Many times, agents will listen too much to their buyer’s opinion of market value and not be willing to give you their honest opinion of what it’s going to take to secure that property. Too often agents take your offer at any price and then try to ‘work’ both the seller and you while negotiating later. Frankrealtors prove to you that we have a belief in the price you are offering.

  1. Understand the timetable with which your family is dealing

You will be moving your family into a new home. Whether the move revolves around the start of a new school year or the start of a new job, you will be trying to put the move to a plan.

This can be very emotionally draining. Demand from your agent an appreciation for the timetables you are setting. frankrealtor cannot pick the exact date of your move, but we will exert any influence we can, to make it work.

  1. Remove all challenges possible

Frankrealtors knows how to handle the challenges that will arise. Wisdom in overcoming challenges comes through experience in today’s fast paced market. Many challenges exist throughout this process that you do not need to go through. An agent with a track record of success has learned to avoid many of the potholes that exist. we have a strong understanding and experience with:

Mortgage/Financing (as well as a confident mortgage partner who you are working with)

Market Values

Negotiations

Technology

Contracts

Appraisal Discrepancies

Title Defects

Many more…

  1. FINDING the right home!

There is a reason you are putting yourself and your family through the process of moving.

You are moving on with your life in some way. The reason is important or you wouldn’t be dealing with the headaches and challenges that come along with purchasing. Frankrealtors dosen’t forget these motivations. Reminded that finding the right house is why you hired us. If we discover something needs to be done to attain your goal (i.e. rethinking price), we have the courage to inform you. The right home can come in many shapes and sizes, and some of these hard discussions are becoming even more important as we are facing an increasing real estate market with interest rates on the rise. It’s important that your needs are established and found sooner than later before the right home is out of reach.

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Understanding real estate investments

Real estate can be one of the best ways to build long term wealth.

As investors, we must be aware of the potential benefits and consequences of an investment. There are numerous potential benefits of real estate investing, such as tax breaks, financial stability, appreciation, and storage of wealth.

With many investment choices available, real estate is just one of our options to build long-term value. Real estate is unique, and in certain areas, exclusivity and lack of additional space to build has driven prices higher. For example, prices for a Banana island apartment in the last decade have risen faster than stocks or gold.

5 types of real estate investments

  1. Real estate investment trusts

A real estate investment trust (REIT) invests in income-producing real estate properties, such as shopping malls or multi-unit residential buildings. An investment in a REIT can offer investors income through payouts it receives from the properties it has invested in.

Investors can buy securities in public or private REITs. Public REITs are listed on a stock exchange and private REITs are traded in the exempt market. Buying and selling public REIT securities through an exchange is relatively straightforward, and its value is easily assessed through publicly- available prices. Private REITs are not listed on an exchange, making their securities more difficult to value and trade. Investing in a private REIT is different from and generally riskier than investing in a public REIT. There are also certain eligibility requirements that investors must meet before they can buy securities in a private REIT.

Generally, securities sold to the public in Ontario must be offered under a prospectus (a document that provides detailed information about the security and the company offering it), but there are some exceptions to this rule. For example, in Ontario, if a private REIT is looking to raise money from investors, they may be able to sell under a prospectus exemption in the exempt market. Learn more about how the exempt market works.

  1. Real estate limited partnerships

A real estate limited partnership (LP) is commonly used to develop a real estate property or to manage completed real estate properties, such as a condominium building. As an investor, you can buy securities in real estate LPs. Real estate LPs are governed by the terms of a limited partnership agreement, which may be complex. The LP is controlled by a general partner who manages the development of a real estate property. For example, the general partner may use money from investors to buy undeveloped land with the expectation of developing it or selling it at a profit. This gives investors the potential for growth if and when the land or development project goes up in value.

  1. Mortgage investment entity

A mortgage investment entity (MIE), also commonly referred to as a mortgage pool or mortgage investment corporation, is a mortgage financing business that pools money raised from investors to lend to borrowers.

MIEs will often provide financing or mortgages to borrowers who may not be able to obtain a loan from conventional sources, such as a bank. Borrowers typically use this financing to purchase single-family residences, commercial properties or development projects. A MIE will often hold a number of mortgages in its portfolio, reducing the potential risk to investors compared to holding a single mortgage.

As an investor, you purchase a security issued by the MIE (e.g. shares of a corporation, limited partnership units, trust units). The security’s value is derived from the value of the underlying pool of mortgages that are typically secured by the real estate properties. Investors have the chance to earn income (such as dividends) from the interest earned by the MIE on its portfolio of mortgages.

  1. Syndicated mortgage investments

In Nigeria, only mortgage brokers and agents licensed can engage in syndicated mortgage transactions on behalf of a brokerage, and only licensed mortgage brokers (not agents) can sign the required investor/lender disclosure statement forms. You can check that the individual or business is licensed.

A syndicated mortgage is where two or more individuals invest into a single mortgage against real property. Some syndicated mortgage investments are used to fund large scale real estate development projects. Before investing in a syndicated mortgage.

  1. Real property

You can buy a property as an investment and generate income through rental payments from a tenant, assuming that you charge enough rent to cover all costs associated with ownership, including any mortgages, taxes, utilities and maintenance.

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Understanding Luxury Real Estate in Nigeria

Luxury and real estate… Two concepts intertwined like a fine mat.

In Nigeria, the term ‘luxury real estate’ is generally used in a loose way, an example being a modest four bedroom apartment in an area best described as the lower class neighbourhood in any other part of the world being marketed as a luxury “four bedroom flat”.

To put this in perspective, we need to understand the definition of luxury.

Luxury is defined by the Oxford Dictionary as ‘a state of great comfort and elegance especially when involving great expense’.

Luxury, in real estate describes the aesthetics of a property encompassing not just the interior and exterior of its structure but its surroundings as well.

People often wonder if having a luxury structure is possible in an otherwise lower class environment.

The fact is, while luxury usually refers to eye catching structures in swanky environments; a luxurious building can still be situated in a lower class environment as long as it can boast of basic amenities and a good layout.

Luxury real estate begins from well crafted aesthetics to plush interior and a well laid out environment with state of the art of amenities.

Typical examples of areas with luxury real estate in Nigeria include Banana Island in Ikoyi, Treasure Gardens in Lekki and Asokoro in the FCT.