No Comments

5 Steps for First-time Home Sellers


5 Steps for First-time Home Sellers

So you’re definitely selling your home. You weighed up the pros and cons, you’ve reached the point at which you won’t change your mind, and the whole family agrees that it’s the right thing to do. The only thing that’s left is actually managing to sell it for the amount you’re hoping. Of course, you’re hoping for the big bucks, but just sitting around waiting for the right buyer won’t be enough. 

A home selling plan is crucial if you’d like to avoid mistakes that may influence the overall value of your property. contacting Frank realtors  limited can help you estimate its worth as well as the market. Follow these five steps and make sure you’ve done everything in your power to make the most money with as little stress as possible.

Prepare your home

 It is true that your home’s condition will greatly influence the price, but you mustn’t forget about the influence of the market and buyer demand. A CMA from a local realtor is the quickest way to get your home’s worth. An appraisal of your property is not a must but it can help in certain instances. What’s more, it’s something that serious buyers would appreciate seeing and you’ll be more confident in the price you set.

Furthermore, a detailed inspection wouldn’t hurt, in order for you to know exactly what needs to be done to increase the value. The inspection is something that is not required but can help you put your home a higher level than your competition. If you feel there’s anything that might put off potential buyers, deal with it as soon as possible. Get rid of things that are in disrepair and if you can’t part with thousands of things stacked in your garage, rent a storage space so you can deal with it later. Tidy up both your indoor and outdoor space in such a way that prospective shoppers find it easy to envisage it as their own future abode.

Get a real estate agent (Frankrealtor)

Being a first-time seller, forgoing a real estate agent might not be something you want to do. Although you would save a considerable amount of money in commissions your sale price may be much lower. Also, your house won’t be exposed to the widest possible audience which may reflect the offers you get, and in the long-run, it may not make any positive difference at all. Ask an agent to provide you with a detailed marketing plan that will familiarize you with every step of marketing your home. Ask for market analysis as well, in order to have a better perspective of home values in your area.

These professionals know what people expect to see in a neighborhood such as yours, and they can help you plan your upgrades that can make you money. Repainting the walls, shutters, doors and sprucing up the lawn are always welcome, but you should be careful not to invest in expensive upgrades that won’t be of any interest to your buyers.

Take professional photographs

This is where you put down your iPhone and hire a pro. Once your home is up to par, your realtor will schedule and help you prepare for a photo shoot. A professional photographer’s skill is what you need to make your rooms seem more spacious, brighter and more appealing. A dark, gloomy interior will immediately overshadow whatever strong points your property has to offer, and leave an impression not favorable to your desired end result.

Home staging

You can do home staging by yourself, hire a professional or ask your agent for guidance – the important thing is that you do it. You need to present your home in a way that will give people that ‘wow, I wish I already lived here’ kind of feeling. The living space should appear uncluttered, spacious and inviting. Try to make the color scheme bright and cheerful with artwork, pillows, and rugs that elicit a positive response. And don’t forget that lighting plays a pretty important role here. You might have regrouped all the furniture and added dazzling colors, but a dimly lit room will cast a shadow over it and all that effort will have been in vain.

Setting the price

This is, of course, of vital importance for finding the right buyer in a reasonable time period. If you set your price too high for the market you may find your home selling for less money, taking longer to sell and a lot more frustration. Furthermore, overpricing a home typically leads to longer days on the market and actually selling for much less and you were hoping for.

Listen to your agent to get the price right the first time, which will undoubtedly save you a lot of time, money and frustration.

Summing things up

And there it is. Now you’re all set to leave your current home in good hands and set off to bigger and better things. If you follow the above steps the first time home sellers you should have a much easier time selling your home I was meditating right here at what I ask you to get it upside down smelling good welcome yeah

No Comments

Businessday Recognises Frankrealtor’s Founder, Nwafor Franklin.

Nwafor Franklin, the founder Frank Realtor Limited, on a recent interview with businessday newspaper discussed on tough economy situation affecting Nigerian Real Estate Market.

Even before coronavirus struck, property owners and many of the businesses that leased their space were under strain due to high vacancy rate and rents default.

Their woes seem to multiply now as jobs and the economic effects of the pandemic have hit incomes of thousands of people. Experts predict that property owners could face cash crunches as renters default and many renters will move in with family and friends or relocate to less expensive locations.

Nwafor Franklin, the founder Frank Realtor Limited, a real state agency based in Abuja Nigeria, has appeal to the government to support the real estate business owners especially in this period of economic downturn.

According to him, the major issue that continues to affect housing in Nigeria include constraints related to the high cost of securing and registering secure land title, inadequate access to finance, slow administrative procedures and of course the high cost of land.

Given these challenges, Franklin said, a sustainable action plan is required to reduce the housing gap in the country, noting that some efforts have been made, but there is a need to bring it all together.

“The harsh economic situation in Nigeria is affecting the real estate business. The reality could also be seen from the number of property listed for sales without positive outcomes. As a result, trillions of naira, which could have been used to boost the economy are stuck in the sector which has been considered one of the good things that happened in Nigeria before the recession,” Franklin said.

According to Franklin, “accessing some of the documents for procuring lands are becoming a burden. Government operatives in charge are not doing enough to ease this pressure which has harmed real estate business. Complaints have been registered but more efforts are needed to get the government attention to help resolve this issue.”

He added that in line with the government order to stay at home to limit the spread of COVID-19, his company have built an online platform where investors can easily explore and take part in some of the company’s business offers.

With a housing deficit estimated at 20 million units valued at N59 trillion, Nigeria has a huge housing challenge. This is why housing sector stakeholders say the recent pronouncement by the Central Bank of Nigeria’s (CBN) that it would be making funding intervention in affordable housing is a welcome development.

1 Comment

Harsh economy situation affecting Nigerian Real Estate Market

As the effects of COVID-19 are felt around the world, real estate companies are being impacted in different ways, largely dependent on region and asset class. In the near-term, real estate executives are concerned with preserving value and liquidity, attracting investors, including complying with governmental agency requirements. Experts in the real estate have further expressed worry that the sector which recorded growth towards the end of 2019 has receded due to uncertainty in the country.

Mr Nwafor Chibuzo Franklin, the founder Frank Realtor Limited, a real state agency based in Abuja Nigeria, have appeal to the government to support the real estate business owners especially in this period of economic downturn. According to him, the major issue that continues to affect housing in Nigeria include constraints related to the high cost of securing and registering secure land title, inadequate access to finance, slow administrative procedures and of course the high cost of land.

President Given these challenges, Franklin said, a sustainable action plan is required to reduce the housing gap in the country, noting that some efforts have been made, but there is a need to bring it all together.

“The harsh economic situation in Nigeria is really affecting the real estate business. The reality could also be seen from the number of property listed for sales without positive outcomes. As a result, trillions of naira, which could have been used to boost the economy are stuck in the sector which has been considered one of the good things that happened in Nigeria before the recession. Accessing some of the documents for procuring lands are becoming a burden. Government operatives in charge are not doing enough to ease this pressure which has had a negative impact on real estate business. Complaints have been registered but more efforts are needed to get the government attention to help resolve this issue”.

He said. He added that in line with the government order to stay at home to limit the spread of COVID-19, his company have built an online platform where investors can easily explore and take part in some of the company’s business offers.

“Following the order from the federal government to limit social gathering, my company have built an alternative solution that helps investors easily go through our portfolio online and pick any of their choices ”.