How To Start Real Estate Business In Nigeria

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How To Start Real Estate Business In Nigeria

Real Estate Business Is Very Lucrative

Real estate business is one of the best businesses to start in Nigeria. It has been in existence for ages and it is one that will never go out of fashion. The reason for this, is because people buy and sell properties on a daily basis all over the world.

You can make money from real estate business directly or indirectly. You can be a realtor, who buys and sells properties; or you can be a landlord, who rents out apartments to tenants at a monthly rent fee; or you can even buy land from someone without having any plans of building anything on it but just hold unto it hoping someday its value will increase so you could sell them at an exorbitant price!

The list goes on but whatever area of real estate business you decide to venture into make sure your knowledge base is deep enough so that when the time comes for decisions making process with regards to buying/selling property etcetera; no stone should remain unturned in terms of getting answers to questions related thereto!

Be In Formal Writing The Feasibility Report Of Your Business Plan

You have to be in formal writing the feasibility report of your business plan. A feasibility study is a test of a business idea, which determines if your idea can be profitable and sustainable.

To get started on this task, you need to define your target market, what product or service you will offer them and for how long will it take for you to break even (i.e., when do you expect that people are paying more than what they are spending). The purpose of this exercise is not only to determine whether there’s demand for what we want our business to offer but also whether there’s room for growth in our sector before we start spending money on equipment and staff members etc..

You Will Need To Register Your Real Estate Company With Corporate Affairs Commission(CAC)

Registering your real estate business with Corporate Affairs Commission (CAC) is mandatory. You can visit their website to find out how to register and the documents you will need to submit. The cost of registering a business in Nigeria is N10,000 ($93). It is important that you do this because it shows that you are serious about your business and will help prevent fraudsters from scamming unsuspecting customers who are looking for properties for sale or rent in Nigeria.

Locate And Acquire A Property For Sale

  • Be Prepared To Pay Cash For Properties

If you are starting a real estate business in Nigeria, you need to know that most people in this country only buy properties with cash. Most banks do not offer loans for the purchase of properties. If you want to acquire your first property as a beginner, then it is advisable that you have at least 50% of the money needed for purchasing a property in cash reserve. This will help ensure that there are no delays during the acquisition process and also avoid any problems arising from financing issues later on.2

  • Consider Your Financial Capacity To Acquire A Property

Before acquiring any sort of real estate property or land, appraise what kind of financial capacity can support such an investment so as not to end up making wrong investments just because they look attractive at first glance but later turn out not be profitable enough when actually doing business with them once they become functional which could lead into losses if one has invested too much money into something unprofitable or unattractive at all!

Advertise The Property For Sale On Social Media For Free

  • Create a catchy title.
  • Post the property on Facebook, Twitter and Instagram.
  • Join relevant Facebook groups and post there.
  • Share the post with your friends and family.
  • Make sure you post the price of the property so that people can contact you if interested in buying it.

Make sure that when you create an advertisement for your house sale or any other real estate business that its location should be clear and precise as possible; this will make it easier for potential buyers to find what they want without wasting time searching through places they don’t need to go to at all!

Set Up A Website And Start An Online Advertising Campaign Using Google Adwords.

To start off, you will need to set up a website for your real estate business.

If you have the skills and knowledge to do it yourself, then go ahead and create a website.

If not, there are thousands of freelancers who will be more than willing to help you out with this task at a very affordable price. Alternatively, if you don’t want to pay any money but still want to get a professional looking website built for your real estate business without having any knowledge or skills in web designing and development, there are also companies that can help you out in building an amazing looking yet functional site within no time! You can check out some of these companies here: www[.]websitebuildersforrealestate[dot]com/listings-of-best-website-builders/.

After setting up your own website for your real estate business, now it’s time to find ways on how best that websites can be used as tools for marketing purposes so as not only attract potential clients but also keep existing ones coming back more often than before through constant communication with them via emails sent from our company’s official email address (e[.]zahra_realestate[at]yahoo[dot]com) which is connected directly into our mail server located at [company name], Lagos State Nigeria.*”

With the right planning and dedication, you can make it in real estate business in Nigeria.

Real estate business is a lucrative area to venture into. With the right planning, you can make it in real estate business in Nigeria.

  • The first step to start a real estate business is to write a business plan. A well-written business plan will give you a clear picture of what your goals and strategies are and how you intend to achieve them. It will also help you see areas where mistakes are likely or possible and how best to avoid them or mitigate their effects on your profitability if they occur anyway. Writing this document can take some time but the benefits are worth it!
  • Once your company has been registered, locate properties for sale that could generate enough profit for both buyer and seller (don’t forget about taxes!). As an example, I would recommend that once you have found several potential properties for sale within your budget range (use Google Maps), visit each one in person so that when negotiating prices later on they will not be too much higher than what was originally agreed upon over phone calls/emails because there would have been no way for him/her at all times during negotiations since he/she wasn’t physically present during those discussions themselves anyway so don’t worry too much about losing out on any potential profits due solely thanks entirely due only his/hers actions taken without going through any such process before hand himself successfully completing this task entirely by himself firstly without any assistance whatsoever coming from anyone else whatsoever other than yourself alone even though there might be better options available elsewhere which may cost less money than buying them outright outright at full price initially but overall still yields similar results after calculated costs associated with maintenance repairs etcetera over time duration spent working

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