Morgan Clason & Co.

21/07/2015

5 Things You Absolutely Must Do Before Buying a Home

Purchasing real estate can be a complex process, and it’s essential for people who want to make a smart wealth-building decision to buy the right property that suits their long-term needs. To prepare yourself for this life-changing event, be sure you take the following steps before starting the process.

Plan to stay a while

Real estate purchases and sales have some of the highest transaction fees of any type of assets, so many people like to target a hold period of seven years or more to prevent losing equity on each transaction.

If you don’t think you’ll stay in the property for a few years, keep looking until you find a property that you can call home, or keep renting until you decide you’re ready for a commitment.


Get your financing in order

If you are planning to finance your purchase with a loan, it is helpful if you meet with a lender and have them assess your financial situation and suitability for a loan before you start the purchasing process. This way if there are any concerns or show-stoppers, you can work toward clearing those issues.

Also, have the lender qualify you based on your income and credit so you know the price range you can afford. Check an affordability calculator first so you can go in with a general idea how much you can spend.

The lender can offer valuable advice, such as risky behaviors to avoid until you close on your home. You’ll want to be sure you don’t make any large credit purchases, or transfer savings around between accounts. In addition, it’s essential to keep a consistent full-time work schedule, and make on-time payments for any loans, bills, or rent.


Find an agent

Ask friends and family, and do some online research to find a few real estate agents who know your area well and have good references. Interview at least three and discuss your plans with them.

The agent you choose should have at least five years’ experience in your local jurisdiction and be a full-time sales professional. It helps if they can show you that they’ve closed five to seven deals each year for several years.


Take your time

You should study the local areas and take your time purchasing property. Buying real estate will most likely be the largest purchase of your life. Once you buy your new home, there is no changing your mind. It’s all yours, and if you end up not liking the house and you sell within a few years, it could cost you significantly.

Be realistic

There are no “incredible deals” in real estate. There are only deals a buyer thinks is the deal of the century until they figure out (usually a few months after the purchase) why it isn’t the “incredible deal” they thought they bought.

Buying a home can be a great long-term wealth accumulation strategy, but it also can turn out to be a bad decision that will bring many regrets. It is a much more complicated process than most people know, and also significantly more involved than it was just 10 to 20 years ago.

Educate yourself as much as possible and plan the process well so you end up with a home you love and will keep for a long time. Doing the proper research and homework, plus making smart, deliberate decisions, is key to your real estate ownership success.

(Future Shelter, 2015)

10/07/2015

Investment Opportunities In Real Estate!!!

There are vast investment opportunities in real estate for investors searching for proven investment in Nigeria.
In the real estate industry, opportunities are always in the increase as population increases and many people seeking to own, rent or occupy properties.

You won’t lose-out if you invest in the right places of interest. Some investment opportunities in real estate have been discovered and relayed by virtue of relationship while others through advertisements and other information dissemination channels.

This is first-hand knowledge on investment opportunities that abound in real estate and possible locations of interest and people-concentrated places.
Though there are lots of opportunities to choose from in real estate in almost every part of the country, you will be sure that not all that is tagged an opportunity will truly turn out to be the best result desired.

So to this, you’ll get to know for yourself what to tag an investment opportunity in real estate.
I’ll like to draw your attention to rentals and selling off of properties to potential buyers, which are lucrative real estate investments.

Prospects need to either buy, rent or lease different types of properties at different times for different reasons.
One may decide to rent a new apartment, buy a piece of land, build a new house or make renovations, sell a landed property and others.

In the progress of this process, there are increases in the demand for properties to occupy and acquire.
There’s always an option to choose from locations according to one’s financial status at the time of investment.
But some places command higher demand for both residential and commercial properties. Such places usually give better returns also.

If you seek for real estate opportunities that will leave you happy and motivate you to invest more and more you will need to acquire relevant knowledge and build a team of experts to work with.

You need to diverge sentiment from your investment decisions, learn how to analyse opportunities, rate them and decide on the best available.

The security of an investment opportunity and the return potentials are major consideration factors in deciding what to invest in.

Security while considering an investment opportunity in real estate matters a lot.
To avoid partial or total unpredictable loss of investment, you must review the processes involved while renting, buying or investing in properties that belong to someone else if you plan to benefits from your investment.

A good location is essential to reasonably insure your investment while trying to buy a landed property against price drops amounting to loss.
For instance, opportunities abound in strategic areas of interest across the country where real estate investments are real, applicable and working.

Below are listed strategic locations of interests and their features of attraction for real estate investors.

*Lagos- As a commercial state and one filled with business and support activities, Lagos state is one of the most suiting places that guarantee good return on investment opportunities in real estate if you have the know-how.

*FCT-Abuja- As the seat of power and a fast developing state, Abuja has been a spot of interest and a location of desire by almost every investor.
This state contains vast investment opportunities in real estate. It is still one of the few places where you can have 10years or less pay-back period on investment properties rampant.

*Kano- But for the current insecurity, which I believe is a passing phase, Kano is a commercial backbone of not just the northern Nigeria but also the northern African Nations.
Kano is the second most populated state in Nigeria, it draws people from far and near to invest in real estate and they sure have returns in their investments, smiling back with profits.

*Port-Harcourt- As a tourist center, centre of the crude and refined oil business in Nigeria, investment opportunities in real estate are always abounding.
Opportunities are always on the increase, even in some states I didn’t specify. As development is taking place, so are more opportunities in real estate unearthed.

20/04/2015

we are now live on twitter !!!

19/04/2015

Now letting-

16/04/2015

"We shape lifestyles..."

16/04/2015

15/04/2015

We share our client's aspiration and deliver true results.

14/04/2015

Morgan Clason & Co is an urban developer and manager of residential, commercial, mixed use and retail properties; with the unflinching support of our partners, we have successfully been able to always deliver on our promise of above average returns due to our keen insight of the Nigerian market. MCC shapes new lifestyles with a focus on design excellence, build quality and timely delivery.

23/12/2014

www.morganclason.org

We share our clients’ aspiration and deliver true results. Our team of experts shares that passion for results, and they bring experience and fresh perspectives to each client engagement.