₦airaland Forum

ibadankeys:
"Never JUDGE a book by its cover"...... Anonymous.

" Not for Sales, BEWARE of 419"... ……these are common sights in the city's real estate landscape cutting across all the stratas of the market be it low income or high income real estate neighborhoods. These signage are however more prevalent in the middle and low income markets......Smeared on the fence walls of uncompleted, empty, fully- tenanted or even owner-occupier properties (sometimes vacant piece of land), these signs seems to sound a "big Alarm".... BUYERS BEWARE !

However with over 20 years in-depth hands on experience/skill in the in city's real estate market, we can CONFIDENTLY attest that " sometimes " these signs throw up "a more than meet the eye" scenario and the subject property could ACTUALLY be for sales !. Many would be investors/purchasers have lost INTEREST and by extension lost out on very genuine and juicy
property deals because they took these supposedly caution signages on FACE-VALUE !.

Kindly note that when you come across a "Not for sales" sign post its 70% likely the property is definitely not in the market for sales and information is TRUE, but what happens to the 30% that is FALSE !

The most painfully are those signs that bear information such as " Not for sales, beware of 419...contact owner on 080....." lf you took the pains to probe further, you might be SHOCKED that the property is actually for sales and the owner is just being discreet and the essence of the phone no was to deal with him/her one on one !. There are equally instances the "Not for sales" owner might feigned " lack of interest " to sell, only wanting you to "push or persuade" him to the Negotiations table "forcing" him to sell usually at OVER the market price.

The essences of this piece is that you should NEVER be put off by a NOT FOR SALE signs. When you come across a "Not for sales" sign in the city's real estate market adopt a "TREAD CAREFULLY approach" rather than the usual" FLEE WITHOUT A SECOND LOOK approach" which most people are known to do. As an astute investor, you will lose NOTHING by engaging the services of your TRUSTED Solicitor or Estate Agent to do/run a background check as to the correctness of the signage and of the genuineness of the property... these two professionals are KEY, you can't do with them !!

The following are instances where a "Not for Sales" CAN be a sham and that the property is actually "red hot" for SALES.
*Owner wants to sell but doesn't want information in public domain because of societal taboos of "selling your property"
*An interested purchaser has made a deposit for a property and is having challenges paying the balance after repeated demands, in order not to lose out he places a sign on the property to dissuade other bids while he makes frantic efforts to balance !
*A prospecting buyer shows interest in a nearby property ( of which he is familiar with the owner) but funds to purchase are not yet forthcoming.... in order to fence off other bids he puts a sign without owner consent while he sourced for funds !
*Warring beneficiaries of a property have finally agreed to SELL, but an influential member of the family ( probably the Eldest) wants you to deal directly with him for a CUT, thereby adopting a "difficult" altitude for you go "through" him to buy.
* There is minor issue on a property which can be resolved amicably, but to spit the other party, a faction places a CAVEAT to dissuade buyers

Please note once again these above scenarios are EXCEPTION not the NORM !......"Not for Sales" Signages are usually true, but a with a DUE DILIGENCE you might have the LAST LAUGH !

ibadankeys:
"Never JUDGE a book by its cover"...... Anonymous.

" Not for Sales, BEWARE of 419"... ……these are common sights in the city's real estate landscape cutting across all the stratas of the market be it low income or high income real estate neighborhoods. These signage are however more prevalent in the middle and low income markets......Smeared on the fence walls of uncompleted, empty, fully- tenanted or even owner-occupier properties (sometimes vacant piece of land), these signs seems to sound a "big Alarm".... BUYERS BEWARE !

However with over 20 years in-depth hands on experience/skill in the in city's real estate market, we can CONFIDENTLY attest that " sometimes " these signs throw up "a more than meet the eye" scenario and the subject property could ACTUALLY be for sales !. Many would be investors/purchasers have lost INTEREST and by extension lost out on very genuine and juicy
property deals because they took these supposedly caution signages on FACE-VALUE !.

Kindly note that when you come across a "Not for sales" sign post its 70% likely the property is definitely not in the market for sales and information is TRUE, but what happens to the 30% that is FALSE !

The most painfully are those signs that bear information such as " Not for sales, beware of 419...contact owner on 080....." lf you took the pains to probe further, you might be SHOCKED that the property is actually for sales and the owner is just being discreet and the essence of the phone no was to deal with him/her one on one !. There are equally instances the "Not for sales" owner might feigned " lack of interest " to sell, only wanting you to "push or persuade" him to the Negotiations table "forcing" him to sell usually at OVER the market price.

The essences of this piece is that you should NEVER be put off by a NOT FOR SALE signs. When you come across a "Not for sales" sign in the city's real estate market adopt a "TREAD CAREFULLY approach" rather than the usual" FLEE WITHOUT A SECOND LOOK approach" which most people are known to do. As an astute investor, you will lose NOTHING by engaging the services of your TRUSTED Solicitor or Estate Agent to do/run a background check as to the correctness of the signage and of the genuineness of the property... these two professionals are KEY, you can't do with them !!

The following are instances where a "Not for Sales" CAN be a sham and that the property is actually "red hot" for SALES.
*Owner wants to sell but doesn't want information in public domain because of societal taboos of "selling your property"
*An interested purchaser has made a deposit for a property and is having challenges paying the balance after repeated demands, in order not to lose out he places a sign on the property to dissuade other bids while he makes frantic efforts to balance !
*A prospecting buyer shows interest in a nearby property ( of which he is familiar with the owner) but funds to purchase are not yet forthcoming.... in order to fence off other bids he puts a sign without owner consent while he sourced for funds !
*Warring beneficiaries of a property have finally agreed to SELL, but an influential member of the family ( probably the Eldest) wants you to deal directly with him for a CUT, thereby adopting a "difficult" altitude for you go "through" him to buy.
* There is minor issue on a property which can be resolved amicably, but to spit the other party, a faction places a CAVEAT to dissuade buyers

Please note once again these above scenarios are EXCEPTION not the NORM !......"Not for Sales" Signages are usually true, but a with a DUE DILIGENCE you might have the LAST LAUGH !!!

ibadankeys:
"Never JUDGE a book by its cover"...... Anonymous.

" Not for Sales, BEWARE of 419"... ……these are common sights in the city's real estate landscape cutting across all the stratas of the market be it low income or high income real estate neighborhoods. These signage are however more prevalent in the middle and low income markets......Smeared on the fence walls of uncompleted, empty, fully- tenanted or even owner-occupier properties (sometimes vacant piece of land), these signs seems to sound a "big Alarm".... BUYERS BEWARE !

However with over 20 years in-depth hands on experience/skill in the in city's real estate market, we can CONFIDENTLY attest that " sometimes " these signs throw up "a more than meet the eye" scenario and the subject property could ACTUALLY be for sales !. Many would be investors/purchasers have lost INTEREST and by extension lost out on very genuine and juicy
property deals because they took these supposedly caution signages on FACE-VALUE !.

Kindly note that when you come across a "Not for sales" sign post its 70% likely the property is definitely not in the market for sales and information is TRUE, but what happens to the 30% that is FALSE !

The most painfully are those signs that bear information such as " Not for sales, beware of 419...contact owner on 080....." lf you took the pains to probe further, you might be SHOCKED that the property is actually for sales and the owner is just being discreet and the essence of the phone no was to deal with him/her one on one !. There are equally instances the "Not for sales" owner might feigned " lack of interest " to sell, only wanting you to "push or persuade" him to the Negotiations table "forcing" him to sell usually at OVER the market price.

The essences of this piece is that you should NEVER be put off by a NOT FOR SALE signs. When you come across a "Not for sales" sign in the city's real estate market adopt a "TREAD CAREFULLY approach" rather than the usual" FLEE WITHOUT A SECOND LOOK approach" which most people are known to do. As an astute investor, you will lose NOTHING by engaging the services of your TRUSTED Solicitor or Estate Agent to do/run a background check as to the correctness of the signage and of the genuineness of the property... these two professionals are KEY, you can't do with them !!

The following are instances where a "Not for Sales" CAN be a sham and that the property is actually "red hot" for SALES.
*Owner wants to sell but doesn't want information in public domain because of societal taboos of "selling your property"
*An interested purchaser has made a deposit for a property and is having challenges paying the balance after repeated demands, in order not to lose out he places a sign on the property to dissuade other bids while he makes frantic efforts to balance !
*A prospecting buyer shows interest in a nearby property ( of which he is familiar with the owner) but funds to purchase are not yet forthcoming.... in order to fence off other bids he puts a sign without owner consent while he sourced for funds !
*Warring beneficiaries of a property have finally agreed to SELL, but an influential member of the family ( probably the Eldest) wants you to deal directly with him for a CUT, thereby adopting a "difficult" altitude for you go "through" him to buy.
* There is minor issue on a property which can be resolved amicably, but to spit the other party, a faction places a CAVEAT to dissuade buyers

Please note once again these above scenarios are EXCEPTION not the NORM !......"Not for Sales" Signages are usually true, but a with a DUE DILIGENCE you might have the LAST LAUGH !!!

ibadankeys:
[/quote][quote author=ibadankeys post=63584234]"Never JUDGE a book by its cover"...... Anonymous.

" Not for Sales, BEWARE of 419"... ……these are common sights in the city's real estate landscape cutting across all the stratas of the market be it low income or high income real estate neighborhoods. These signage are however more prevalent in the middle and low income markets......Smeared on the fence walls of uncompleted, empty, fully- tenanted or even owner-occupier properties (sometimes vacant piece of land), these signs seems to sound a "big Alarm".... BUYERS BEWARE !

However with over 20 years in-depth hands on experience/skill in the in city's real estate market, we can CONFIDENTLY attest that " sometimes " these signs throw up "a more than meet the eye" scenario and the subject property could ACTUALLY be for sales !. Many would be investors/purchasers have lost INTEREST and by extension lost out on very genuine and juicy
property deals because they took these supposedly caution signages on FACE-VALUE !.

Kindly note that when you come across a "Not for sales" sign post its 70% likely the property is definitely not in the market for sales and information is TRUE, but what happens to the 30% that is FALSE !

The most painfully are those signs that bear information such as " Not for sales, beware of 419...contact owner on 080....." lf you took the pains to probe further, you might be SHOCKED that the property is actually for sales and the owner is just being discreet and the essence of the phone no was to deal with him/her one on one !. There are equally instances the "Not for sales" owner might feigned " lack of interest " to sell, only wanting you to "push or persuade" him to the Negotiations table "forcing" him to sell usually at OVER the market price.

The essences of this piece is that you should NEVER be put off by a NOT FOR SALE signs. When you come across a "Not for sales" sign in the city's real estate market adopt a "TREAD CAREFULLY approach" rather than the usual" FLEE WITHOUT A SECOND LOOK approach" which most people are known to do. As an astute investor, you will lose NOTHING by engaging the services of your TRUSTED Solicitor or Estate Agent to do/run a background check as to the correctness of the signage and of the genuineness of the property... these two professionals are KEY, you can't do with them !!

The following are instances where a "Not for Sales" CAN be a sham and that the property is actually "red hot" for SALES.
*Owner wants to sell but doesn't want information in public domain because of societal taboos of "selling your property"
*An interested purchaser has made a deposit for a property and is having challenges paying the balance after repeated demands, in order not to lose out he places a sign on the property to dissuade other bids while he makes frantic efforts to balance !
*A prospecting buyer shows interest in a nearby property ( of which he is familiar with the owner) but funds to purchase are not yet forthcoming.... in order to fence off other bids he puts a sign without owner consent while he sourced for funds !
*Warring beneficiaries of a property have finally agreed to SELL, but an influential member of the family ( probably the Eldest) wants you to deal directly with him for a CUT, thereby adopting a "difficult" altitude for you go "through" him to buy.
* There is minor issue on a property which can be resolved amicably, but to spit the other party, a faction places a CAVEAT to dissuade buyers

Please note once again these above scenarios are EXCEPTION not the NORM !......"Not for Sales" Signages are usually true, but a with a DUE DILIGENCE you might have the LAST LAUGH !!!