PAZ - Real Estate

05/12/2021

Every once in a while we all have bright ideas.

Ideas that will bring about solutions to pressing personal (or societal) problems.

Most times we have a knee jerk reaction to these ideas and start implementation soon. Only to find out soon enough that it's not yielding the results we desire.

So in order to take the guest work out of validating a good idea.

Read the blog post below.

It will help you get some clarity.

A new business idea is one of the most exciting things an entrepreneur can have, but it often comes with fears. How can you know your idea will work?

10/10/2021

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4 Benefits of Using a Dual Agent in Real Estate Transactions
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Using A Dual Agent Is A Win-win Solution For All Parties Involved In A Real Estate Transaction (The Home Buyers, Home Sellers, And Real Estate Agents)
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In this post, I am going to discuss the benefits that buyers and sellers of real estate can enjoy by using a dual agency.

When it comes to buying and selling a house, there are a lot of processes and procedures that are followed:

[1] The process often begins with the buyer who looks for ideal real estate property. Then proceeds to make an offer to the seller.

[2] This offer is then considered by the seller who then either accepts the offer or rejects it.

[3] If the offer is accepted, then the buyer and seller proceed to the next step.

[4] If it is rejected, then the buyer either makes a new offer or looks for a different property.

[5] The buyer and seller then arrive at a final decision and proceed to the next step.

Two people are important for these steps to be successful.

They are:

• A listing (sellers) agent
• A buyer's agent.

Who is a listing real estate (sellers) agent?
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Agents who work for the seller, also known as listing agents, advise clients on how to price the property and prepare it for a sale.

The listing agent is in charge of:

• marketing the property,
• preparing offers from prospective buyers, and
• negotiating the offers to a successful closing.

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Agents who work for the seller, also known as listing agents, advise clients on how to price the property and prepare it for a sale.
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Who is a buyer's real estate agent?
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According to Investopedia, buyers agent are "Agents who work for the buyer, search for available properties that match the buyer’s price range and wish list".

The buyer’s agent works with the buyer and their attorney to:

• Perform research and analysis on the property.
• Determine the property's true market value.
• Assist the buyer in making the smartest property purchase decision possible.
• Assist the buyer in the negotiation and financial transaction procedure.

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Agents who work for the buyer, search for available properties that match the buyer’s price range and wish list
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Buying and selling real estate usually involves a lot of back and forth between these two real estate agents.

There would be a lot of meetings, calls, and exchange of relevant documents between
the two real estate agents.

So how can these challenges be addressed using a dual agency?

According to Forbes advisor, a "Dual agency is when a single real estate agent represents both the buyer and the seller in a real estate transaction."

Using a dual agent can be useful in the following ways.

[1] Swift, smooth transaction process.
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Creation and verification of files and other records are faster.

The movement of files between different buyer's agent and seller's agent will be removed.

Sharing of valuable information between both parties to be faster.

Extra knowledge about the property.
A seller's agent dealing with the homeowner gets more information about the real estate being sold.

This knowledge can be passed to the buyer's agent when a dual agent is used.
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[2] The real estate seller and buyer can save money by using a dual agent

An agent who stands to earn a double commission might be willing to accept a lower commission.

The seller pays both agents’ commissions, so the seller is the one who can save money in this situation.

But when the seller’s costs are lower, they may be willing to accept a lower price from the buyer. The seller, buyer, and agent could gain from the arrangement.

[3] Higher bargaining ability for property sellers.
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Since a dual agent is in communication with both the seller and the buyer, he has access to a lot of information.

With this information, the dual agent can design a proposal for the buyer that will persuade the owner.

This is particularly beneficial when other buyers send in competing proposals, as the dual agents' proposal will likely be the most appealing.

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Dual agency is when a single real estate agent represents both the buyer and the seller in a real estate transaction
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After reading this, you may still want to speak to an independent agent. But as you can see there are benefits to working with a dual agency.

So to all aspiring homeowners which agent would you use to conclude your real estate transaction?

A single agent or a dual agent?

You can drop your views in the comments section.

22/09/2021

'sWednesday -

The place of a female child is no longer permanently in the kitchen (and actually, has never been).

From history, women have taken up roles in conquests, leadership, inventions, trade and have even taken more daring roles in today's science, sports, academics, and in just about any facet of life you could think of.

Today, the first of many series to come, we discuss some of them who have proven their mettle beyond doubt.

Mo Abudu 57: From Human Resources to talkshow to broadcasting and filmmaking, Mosunmola (the eldest of 3 sisters), has blazed the trail & shone like a star in everything she's ventured into.

After heading the HR & Training Department for ExxonMobil for years (upon her return from the UK in 1993), the great multi-tasker and grandmom to a boy, later founded her firm; Vic Lawrence & Associates in 2000.

The UK-born entrepreneur and mother of two children: a daughter Temidayo (who's also a film & TV producer) and a son Adekoyejo, a budding art consultant; went on to establish a television station, Ebony Life Tv in 2013, providing entertainment content in different forms to create a positive narrative around Africa and change the world's perception about Africa.

She has co-executive-produced several films. Some of her movies like - Fifty, The Wedding Party, and Chief Daddy were bought by Netflix.

Not done yet, the leading film-maker ventured into a special kind of hospitality with the opening of a uniquely designed structure called; EbonyLife Place at Victoria Island. This one-stop edifice meets all the cravings of leisure seekers, having an art gallery, rooftop bar, cinema, restaurants, event spaces, movie studio, and a boutique hotel with twenty curated rooms, each fitted with original artworks.

01/09/2021

Some people in the Real Estate sector (disguising as agents, brokers or salespeople) have given the industry a bad name. Yet, there are still some with proven records. Today, we look at two women among the few quality ones.

POLLY WATT, Vice President, Sundae Homes: She has led the sale of more than 40,000 properties over a 21-year period!

She was the top broker by total sales volume in Los Angeles between 2013-2019.

Polly is an aggressive deal maker and tough negotiator, traits that are not considered feminine.

Next is;

KIM HOWARD: She has so much passion for sales which drives her to call over 150 people within a working week.

She got so good at it that she had to, at some point, recruit her husband who left his 9 to 5 job to learn what his wife was doing.

Now she's no longer his boss but they're in partnership.

10/07/2021

We can never be linked to this sort of fraud and flimflam.

With us, you REST ASSURED.