Real
estate investment also has its pitfalls. The investor must be cautious about
the following;
Ø Do not be carried
away with the physical state or location of a property without considering its
investment potentials and viability. A beautiful structure may on closer look
and study sometimes be defective structurally.
Ø The temptation or
thought of reaping hyper profits or quick returns on investment should be
avoided. It may have an unclear title or incomplete documentation or encumbered
by litigation or ownership tussle.
Ø Power of negotiation
is important, if the investor does not have a real estate qualification or
background, a professional Estate Surveyor or Appraiser should be engaged at a
fee. This goes along way to secure his investment and help avoid huge loss due to
faulty or hasty decisions.
FIRSTNIGERIAREALESTATE.COM
NEWSLETTER
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