Have you
seen the property of your choice that you would like to make an offer to buy?
If yes, there is a process to understand and follow. Yes, there is a process.
Extra-smart
Nigerians are getting shares of the new Lagos by acquiring plots, acres and
hectares of land at Ibeju Lekki . What are you waiting for? Click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html
Most
real estate investors do not bother about understanding the process because the
entire process is often handled by their solicitors or agents. However, as they
participate in the process and move beyond their initial transactions, they
begin to learn through questioning and observation.
This
process of learning is not the best and would also be better if at the
beginning, the real estate investor had some basic understanding of the
process. The offer process is often preceded by your decision to buy a property
and searching for the ideal property that best meets your criteria. If you are
working with a lawyer or real estate agent, you should engage with and involve
them in the entire process.
Have
you heard that Landwey is giving out plots of land at URBAN PRIME TWO ESTATE at
Abraham Adesanya Roundabout, Ajah, Lagos? You can get yours by calling:
08067876251. For details, click: http://www.tectono-business.com/2020/02/urban-prime-two-estate.html
The
first aspect is your offer to the seller in writing and his or her response
directly or through his or her agent. Your offer could be accepted, rejected or
a counter offer. A counter offer is when the seller rejects your offer and also
proposes that you buy at a specific price or subject to specific conditions. This
cycle could be repeated until a mutually accepted price is reached or both
parties terminate the process.
In
order to stand a good chance of making a difficult-to-reject offer, there are
certain things that you should keep in mind. One basic factor to consider is
the context in which you are making the offer. Is the real estate market a
seller’s or buyer’s market? A seller’s market is one in which the seller has an
upper hand in most negotiations because there are more buyers than sellers.
Have
you thought about having a 5-Bedroom Apartment with Penthouse and Indoor
Swimming Pool near Pan Atlantic University?
For details, click: http://www.tectono-business.com/2019/08/have-you-thought-about-having-5-bedroom.html
A
buyers’ market is one in which the buyers have an upper hand in most negotiations
because there are more sellers than buyers. Depending on which side of the
divide you are, your understanding of the context will help you make better and
informed decision.
The
critical element in a letter of offer is price and this aspect should be
strategically managed. While most sellers and their agents always anticipate
and make room for negotiation they are usually put off when the offer is
unreasonably lower than the current market value of the property.
Wow!!!
Have you discovered where CEOs and top managers take their vehicles to for body
work, painting with Sikkens paint and oven baking? It’s GOF AUTOS LTD. For
details, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html
Most
of such offers are usually dismissed as unserious and simply fishy. Of course, if
you want to ensure that your offer is accepted at first sight, then offer a
price that is higher than the asking price.
Unless
there are other issues that the seller is considering, you will generally
receive a yes. This sometimes happen in a seller’s market. A low-ball offer
could also be accepted if the circumstance is right and it is done
strategically. A low ball offer is a slang for an offer that is significantly
lower than the asking price of the seller.
Are you aware that many
Nigerian exporters have been defrauded in the process of exporting their
products? To export successfully and get paid, click: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
However,
if the seller is seriously distressed, he or she could accept an offer that is
far below the actual market value. At other times if the buyer makes an offer
that has favourable terms and conditions that meet some other more important
considerations of the seller, the likelihood of acceptance increases.
Remember
that the seller might have other offers that he or she is considering so that
yours should at least have a reasonable consideration. In order to stand out
from other offers your letter of offer should state clearly a good price that
is as close to the asking price as possible.
Do you know that you will minimize
the amount of money you spend on food items when we deliver the foods items to
you in bulk at reduced price from our farms? For details, click: http://www.tectono-business.com/2020/02/fresh-food-items-supply.html
One of
the key things that a seller wants to be assured of is that if your offer is
accepted you are ready to pay as soon as possible. There have been instances
when due to the intense competition for a property the letter of offer has
photocopies of bank drafts attached to the letter of offer. While this is
unorthodox it was simply to communicate readiness to the seller in a
competitive seller’s market.
If the
letter of offer is your first letter to the seller or his agent, then it should
contain a request for documents required by your Solicitor to conduct a search
at the Land’s Bureau to confirm the title of the seller.
Successful
business managers like you have gotten big deals from sponsoring business
publications on GLOBAL BUSINESS CLINIC? For details, click: http://www.tectono-business.com/2019/05/sponsor-business-publication-on-global.html
It is
also important to put “Subject to Contract” at the upper side of the letter.
This means that your offer is not binding until a formal agreement has been
signed by the parties.
This
is to protect you and allow you to withdraw from the negotiation without
penalty should negotiation break down or you lose interest in the transaction.
(Punch)
No comments:
Post a Comment