In real estate transactions, parties always exchange correspondences before the actual sale is consummated. In a real estate transaction, a prospective vendor negotiates with the hope that before a contract is concluded, another person with a better offer might show interest in the property. On the other hand, the purchaser negotiates with an eye on a better property at a more inviting term. As a result...
It is unwise to believe you can’t be tricked in a real estate deal while certain sellers and buyers are very trustworthy, there can be some deceptive sellers, agents or buyers. The truth is that the character of dishonesty is not written on anybody’s forehead instead many of these scammers are criminally inclined folks who are taking advantage of the scheme. Scams in Nigeria's real estate industry are...
The 2021 budget is titled “Budget of Economic Recovery and Resilience” set at N13.58 trillion for the fiscal year. The capital budget is set at N1.15 trillion higher than the 2020 provision of N2.69 trillion. “The capital expenditure in 2021 is said to be solely for the completion of many ongoing projects as possible, rather than the commencement of new ones.” However this budget allocation...
One of life's great joys can be moving into a new home, but it can also be a period of confusion, especially when it comes to decorating. When reflecting on your personal sense of style, how do you make your room look its best? Do it right and you will end up with a happy and safe home. Do it badly and you will end up with a hodge-podge of shades of furniture, fabrics, and paint that will never congeal...
The Lagos state commissioner for Physical Planning and Urban Development, Dr Idris Salako disclose the activities of the state on social media to clarify allegations made by a Lagos Lawyer, M.O Ubani, “alleging complicity with the intent to grab the land.” The Lagos State Government has evacuated over 200 shanties located on a property at 1, Kuku Street, Opebi, Ikeja, in a bid to protect the...
You've undoubtedly combed through listings, narrowed down your home choices, and even visited a few open houses, if the dream of owning a home is on your bucket list. But while you might be emotionally prepared to purchase a home, a different story might be revealed by your financial condition. "Before considering a purchase, renters who are ready for homeownership should have their financial house in...
