Plots of Land for sale @ Sangotedo Ajah

WALTON GATE ESTATE

Walton Gate is an Estate with a new level of luxury living imbibed with the simplicity, technologies and class.

Walton Gate will feature the best residential infrastructures that real estate industry has ever imagined with its closed proximity to Victoria Garden City (VGC) and Lekki Phase 1

INFRASTRUCTURES                              NEIGHBOURHOOD

 Street Lights                                            Novare Lekki Mall

 Electricity                                                Emperor Estate

 Perimeter fencing                                   Golden Park Estate

 Potable water                                          Happy Land Estate

 Drainage                                                  Debiruss School

 Road Layout                                           Lagos Business School

 Recreational Facilities                            University View Estate

                                                                      Paradise estate

                                                                      Readington School;

LOCATION: 2 Minutes Drive from Lagos Business School Sangotedo

TITLE: Gazette
SIZE: 600sqm
PROMO PRICE: N13M

PROMO ENDS ON THE 4TH OF FEBRUARY 2018

INITIAL DEPOSIT: N2M

For further Enquiry and Inspection.
kindly contact us now to guild you home: 08025705166, 07059751650

Buying a property with stress free

Are you thinking ?

What better way to own a property at an affortable price with right payment plan, or buying a property stress free?

Crucial documents that you must be very strict with when buying a property (land).

You can either get a parcel of land from this 3 categories of people, an estate developer, an individual and directly from the family who claims to owns the land.

•  Receipt
• Approved survey plan
•  Approved layout
•  Power of Attorney
•  Deed of assignment
• Certificate of Occupancy ( C of O)

I would categorize the people from which you can buy any parcel of land into three: An estate developer, an individual & directly from the family who claims to owns the land.

If you are dealing with an estate developer (buying within an estate), you should ask for the approved survey plan, approved layout, the power of attorney and the global C of O

If you are buying from an individual or company (one who has bought and wishes to resell), you should ask for the receipt, deed of assignment, approved survey plan and C of O.

Buying directly from the family who claims to own the land is quite tricky. This is because it is difficult to determine the true owners of the land especially when the documents showing ownership haven't been processed.

Where the documents haven't been processed, there are no documents to show authenticity and a prospective buyer has to really a great deal on word of mouth from the members of the community to ascertain the true owner(s) of the land in question.

When the documents have been processed, they should provide you with the approved survey plan, approved layout ( where the land is a large one and is being sold on a per plot basis) and the C of O.

From my experience, families usually don't go to the length of processing their C of O. Reason being that they hope to sell off their land in the near future thus only do the absolute minimum required to show authenticity, in this case the approved survey plan and layout, then passing it on to the buyer who would go on to perfect his/her title on the land.

Understanding Real Estate Investment

Buying real estate is about more than just finding a place to call home. Investing in real estate has become increasingly popular over the last 50 years and has become a common investment vehicle.

Unlike other investments, real estate is dramatically affected by its surroundings and immediate geographic area; hence the well-known real-estate maxim, "location, location, location." With the exception of a severe national recession or depression, residential real estate values in particular are affected primarily by local factors, such as the area's employment rate, economy, crime rates, transportation facilities, quality of schools and other municipal services, and property taxes.

There are key differences in residential and commercial real estate investments. On the one hand, residential real estate is usually less expensive and smaller than commercial real estate and so it is more affordable for the small investor.

On the other hand, commercial real estate is often more valuable per square foot/meters and its leases are longer, which theoretically ensures a more predictable income stream. With greater revenue comes greater responsibility, however; commercial rental real estate is more heavily regulated than residential real estate and these regulations can differ not only from country to country and state by state, but also vary in each county and city. Even within cities, zoning regulations add a layer of unwanted complexity to commercial real estate investments.

How to Invest in Real Estate

One can invest in real estate directly by buying actual properties (Building) or parcels of land; or indirectly, by buying shares in real estate investment trusts (REITs) or mortgage-backed securities (MBS)/Mortgage Banks.

• Basic Rental Properties

This is an investment as old as the practice of land ownership. A person will buy a property and rent it out to a tenant. The owner, the landlord, is responsible for paying the mortgage, taxes and costs of maintaining the property.

Perhaps the biggest difference between a rental property and other investments is the amount of time and work you have to devote to maintaining your investment.

When you buy a stock, it simply sits in your brokerage account and, hopefully, increases in value. If you invest in a rental property, there are many responsibilities that come along with being a landlord. When the furnace stops working in the middle of the night, it's you who gets the phone call. If you don't mind handyman work, this may not bother you; otherwise, a professional property manager would be glad to take the problem off your hands, for a price, of course.

• Real Estate Investment Groups

Real estate investment groups are sort of like small mutual funds for rental properties. If you want to own a rental property, but don't want the hassle of being a landlord, a real estate investment group may be the solution for you.

A company will buy or build a set of apartment blocks or condos and then allow investors to buy them through the company example EKO Atlantic, thus joining the group. A single investor can own one or multiple units of self-contained living space, but the company operating the investment group collectively manages all the units, taking care of maintenance, advertising vacant units and interviewing tenants. In exchange for this management, the company takes a percentage of the monthly rent.

• Real Estate Trading

This is the wild side of real estate investment. Like the day traders who are leagues away from a buy-and-hold investor, the real estate traders are an entirely different breed from the buy-and-rent landlords. Real estate traders buy properties with the intention of holding them for a short period of time, often no more than three to four months, whereupon they hope to sell them for a profit. This technique is also called flipping properties and is based on buying properties that are either significantly undervalued or are in a very hot market.

Pure property flippers will not put any money into a house for improvements; the investment has to have the intrinsic value to turn a profit without alteration or they won't consider it. Flipping in this manner is a short-term cash investment.

If a property flipper gets caught in a situation where he or she can't unload a property, it can be devastating because these investors generally don't keep enough ready cash to pay if their is mortgage on the property for long term. This can lead to continued losses for a real estate trader who is unable to offload the property in a bad market.

A second class of property flipper also exists. These investors make their money by buying reasonably priced properties and adding value by renovating them. This can be a longer-term investment depending on the extent of the improvements. The limiting feature of this investment is that it is time intensive and often only allows investors to take on one property at a time.

What is 'Real Estate'

Real estate is property comprised of land and the buildings on it, as well as the natural resources of the land, including uncultivated flora and fauna, farmed crops and livestock, water and mineral deposits.
Although media often refers to the "real estate market," from the perspective of residential living, real estate can be grouped into three broad categories based on its use: residential, commercial and industrial. Examples of residential real estate include undeveloped land, houses, condominiums and town houses; examples of commercial real estate are office buildings, warehouses and retail store buildings; and examples of industrial real estate include factories, mines and farms.


Classification of Properties under Real estate

1.  Residential                  2. Commercial                     3. Industrial


BREAKING DOWN  'Real Estate'

Real Estate, Personal Property and Real Property

Real estate is a special instance of real property. Real property, a broader term, includes land, buildings and other improvements – plus the rights of use and enjoyment of that land and all its improvements. Renters and leaseholders may have rights to inhabit land or buildings that are considered a part of their personal estate, but are not considered real estate.

Personal property includes intangible assets like stocks, bonds and other investments; it also includes chattels, like computers, furniture and clothes, as well as fixtures like a dishwasher, even if you are renting a home (provided you bought and installed it with the lessor's permission).

Land that has no owner, e.g. land in certain regions Antarctica or on the moon, is not considered real estate.

• Personal/Home Ownership

Home ownership, also known as owner-occupancy, is the most common type of real estate investment in the country today for residential purposes. According to the National Multifamily Housing Council, roughly two-thirds of residents own their home. Often, they have financed the purchase by taking out a particular type of loan known as a mortgage, in which the property acts as collateral for the debt.

Individuals shopping for a mortgage to invest in real estate in the form of an owner-occupied home are faced with a variety of options. Mortgages can either be fixed-rate or variable-rate. Fixed-rate mortgages generally have higher interest rates than variable-rate mortgages, which can make them more expensive in the short run. Fixed-rate loans cost more in the short-term because they are protected from future interest rate increases.
To the best of my knowledge just few banks operate mortgage service in Nigeria.

• Commercial Real Estate

Buying or leasing real estate for commercial purposes is very different from buying a home or even buying residential real estate as an investment. Commercial leases are generally longer than residential leases. Commercial real estate returns are based on their profitability per square foot, unlike structures intended to be private residences. Moreover, lenders may require more money for a down payment on a mortgage for commercial real estate than for a residence.

There are key differences in residential and commercial real estate investments. On the one hand, residential real estate is usually less expensive and smaller than commercial real estate and so it is more affordable for the small investor.