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Are Ibadan Real Estate Agents The Worst In Nigeria? - Properties - Nairaland

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Are Ibadan Real Estate Agents The Worst In Nigeria? by Ijawboy(m): 4:12pm On Nov 06, 2021
Lately I have been scouting for a 2 bedroom apartment in Ibadan for residential use.
See what a greedy Real Estate Agent charged me for a 2 bedroom apartment in Oluyole estate, here in Ibadan:

Rent - N700,000
Agency fee @ 20% = N140,000
Legal fee @ 10% = N70,000
Caution deposit =N70,000

Just imagine being asked to pay N980,000 due to sheer greed of this Estate agents in collusion with greedy landlords☹️

Unfortunately, this is the norm out here as other agents I spoke to were not any different.

Kindly share your experience with Ibadan Real Estate agents or even their greedy colleagues in other states and how you handled them.

74 Likes 8 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by Nisiw365: 4:36pm On Nov 06, 2021
Thats the sad reality nowadays

41 Likes 5 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by dawnomike(m): 4:58pm On Nov 06, 2021
Nope... Wait till you meet those in benin and Lagos grin

206 Likes 8 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by g7conet: 7:38pm On Nov 06, 2021
It will over them some day.

27 Likes 2 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by Rebuke: 7:38pm On Nov 06, 2021
I bet they are!

2 Likes 2 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by ZendayaColeman(f): 7:38pm On Nov 06, 2021
Lol, the agent wan open office on top OP head.

33 Likes 1 Share

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by Kingbenn(m): 7:39pm On Nov 06, 2021
Ilorin is different

31 Likes 3 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by Nobody: 7:39pm On Nov 06, 2021
Well, I have always known that IB is no better when it comes to the same basics that make Lagos undesirable... It's getting more and more expensive, but with less money in circulation compared to Lagos.

Na Ogbomosho sure pass now... grin

131 Likes 5 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by seeker121(m): 7:39pm On Nov 06, 2021
This is terrible

8 Likes 2 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by stevebond007(m): 7:39pm On Nov 06, 2021
Dem too sef don dey overdo. I thought the Oyo House of Assembly proposed a bill against such practice.

53 Likes 1 Share

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by grandstar(m): 7:39pm On Nov 06, 2021
They're basing their agency fees on 2 years rather than one. 10% of 700k which is one year's rent is 70K. But though you're paying for a year's rent, they assume you're paying for 2 years, which is 1.4m, and charge you 10% of that.

This was also done in some parts of mainland Lagos. I know it used to be done in Ikeja. However, the last letting I did in Lagos (I am an estate agent) was in 2015 so I am a bit out of touch. I don't think it's done on the island.

The greedy system started when the then governor, Fashola limited residential rents to 1 year in advance rather than the then customary 2 years. Estate agents in order to prevent a cut in their fees, now charged commission based on 2 years rent rather than 1 year.

58 Likes 7 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by chelseamann(m): 7:39pm On Nov 06, 2021
Lagos

1 Like

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by RapistOnBail: 7:39pm On Nov 06, 2021

You see we Nigerians?

We no like ourselves that much o!

We just Dey fake care and support to our neighbors.


219 Likes 15 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by BruncleZuma: 7:39pm On Nov 06, 2021
grin grin grin grin

2 Likes

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by MorataFC: 7:39pm On Nov 06, 2021
Hmmmm
Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by inoki247: 7:39pm On Nov 06, 2021
nope....

Na Lagos dey top that chart...

4 Likes

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by Rebuke: 7:40pm On Nov 06, 2021
Ijawboy:
Lately I have been scouting for a 2 bedroom apartment in Ibadan for residential use.
See what a greedy Real Estate Agent charged me for a 2 bedroom apartment in Oluyole estate, here in Ibadan:

Rent - N700,000
Agency fee @ 20% = N140,000
Legal fee @ 10% = N70,000
Caution deposit =N70,000

Just imagine being asked to pay N980,000 due to sheer greed of this Estate agents in collusion with greedy landlords☹️

Unfortunately, this is the norm out here as other agents I spoke to were not any different.

Kindly share your experience with Ibadan Real Estate agents or even their greedy colleagues in other states and how you handled them.




Bro, those guys are very desperate and heartless.
They are always looking for people to exploit and the most annoying thing is that, they're very rude and arrogant with empty pockets.

Most of them can't even afford to pay 250k for an apartment.

184 Likes 10 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by emmabest2000(m): 7:40pm On Nov 06, 2021
Kuku buy land instead cheesy

59 Likes 5 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by Craggybogg: 7:40pm On Nov 06, 2021
Lagos worse a beg
Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by Legalcriminal: 7:40pm On Nov 06, 2021
One state will charge you %40 of a year rent for agent fee and %30 for damages.

3 Likes 3 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by Shellsploit: 7:40pm On Nov 06, 2021
Okearo is cheaper...



Besides, that N980,000 don buy and build correct house near canal for okearo. Just dont forget to tie the house to the closest tree cheesy

126 Likes 3 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by Coldie(m): 7:40pm On Nov 06, 2021
Hmmmmmmmm

8 Likes 9 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by Sisijetue(f): 7:40pm On Nov 06, 2021
Despite charging high rate, they still look tattered and miserable grin

109 Likes 5 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by 22o62021: 7:40pm On Nov 06, 2021
dawnomike:
Nope... Wait till you meet those in benin and Lagos grin

Abeg no mention Benin own because person dey my corner now dey cause them


They just dey carry the guy go house wey gate lock

22 Likes 1 Share

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by adubam(m): 7:40pm On Nov 06, 2021
Ijawboy:
Lately I have been scouting for a 2 bedroom apartment in Ibadan for residential use.
See what a greedy Real Estate Agent charged me for a 2 bedroom apartment in Oluyole estate, here in Ibadan:

Rent - N700,000
Agency fee @ 20% = N140,000
Legal fee @ 10% = N70,000
Caution deposit =N70,000

Just imagine being asked to pay N980,000 due to sheer greed of this Estate agents in collusion with greedy landlords☹️

Unfortunately, this is the norm out here as other agents I spoke to were not any different.

Kindly share your experience with Ibadan Real Estate agents or even their greedy colleagues in other states and how you handled them.


They are learning where Lagos and Abuja dey.

We just paid
Close to 4m for 2 bedroom a year at Wuse 2 Abuja.

700k Service Charge
450 agent.
Agent put 4 different versions of Holy Bible on table with God bless you and it's well

53 Likes 2 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by ActuaRise696969: 7:41pm On Nov 06, 2021
Except you really wanna live in that state, I will say find alternative productive places to live in this hologram.

I prefer a simple mansion in a country side wired up with satellite internet and solar arrays. I wanna see the trees waving at me and the dogs protecting me.

Humans are overrated.

114 Likes 7 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by damosade(m): 7:41pm On Nov 06, 2021
I cant pay more than 250k at ibadan for 2 bedroom

58 Likes 5 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by MRDEE01: 7:41pm On Nov 06, 2021
They are thieves.
Agency=5%
Legal = 5%

Finito

14 Likes

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by Thinktwicemybro: 7:41pm On Nov 06, 2021
dawnomike:
Nope... Wait till you meet those in benin and Lagos grin
I have been to Benin before, bros you clearly have not been to or live in Benin, stop talking trash. In Benin these agent trash does not exist. Edo people are not greedy.

22 Likes 2 Shares

Re: Are Ibadan Real Estate Agents The Worst In Nigeria? by Vladm(m): 7:41pm On Nov 06, 2021
Real estate agents are just crooks like omo oniles.... the country sef... let me list some criminal jobs that are backed by stupid govt... not constitution o.. GORVERNMENT

1.NURTW
2.OMO-ONILE
3.FORCEFUL UNIONS
4.ESTATE AGENTS
5. Market unions
... the list goes on...
And we think corrupt politicians are our problem....

If you are still under 30.... try all your best to leave this country....

60 Likes 4 Shares

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