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53 search results, New listings on the market
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A PETITION FOR THE IMPLEMENTATION OF A STANDARD SERVICE FEE. A real estate agent named Grace, a member of the RED and a co-founder of the real estate agency called Expat Housing, has recently taken to social media to expressed her frustration regarding clients who refuse to pay search fees. She has had enough with investing her time and money in elaborate property viewings, only to come out empty-handed. This frustration has led her to draft a petition in form of an emergency notice, addressed "to whom it may concern," calling for the "Implementation of a Standard Service Fee," locally referred to as "Search fee" or "Inspection fee."In her petition, Grace begins by drawing the attention of fellow real estate agents. She then outlines the collective experience that informs the background of her petition, highlighting the components of her proposed "Standard Service Fee", which include fair compensation, professionalism, and improved working conditions. Subsequently, she details the benefits of her proposal and concludes the petition by outlining
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REAL ESTATE AGENTS WHO CHEAT OTHER AGENTS OF THEIR COMMISSION IN UGANDA Real estate is a thriving industry in Uganda, offering lucrative opportunities for both buyers and sellers. Real estate agents play a pivotal role in facilitating transactions, helping clients find their dream homes or investment properties. However, within this seemingly robust industry, a disturbing trend has emerged: some agents cheating their fellow agents out of their hard-earned commissions. In this blog, we'll explore the unethical practices that have tarnished the reputation of real estate agents in Uganda and the consequences of such actions.The Commission Structure.In Uganda, real estate agents typically earn their income through commissions and search fees. When they successfully broker a deal between a buyer and a seller, they are entitled to a percentage of the total transaction value as their commission. The exact percentage varies from one agency to another but is usually agreed upon in advance between the agent and the seller.The Prevalence of Cheating.Despite the clear
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2024 IS HERE, NOW WHAT? As the calendar turns its pages to 2024, the real estate market in Uganda stands at a crossroads, presenting both challenges and opportunities for real estate agents. The industry has always been dynamic, influenced by economic trends, government policies, and global events. In this blog post, lets explore the current state of the real estate market in Uganda and discuss the strategies that real estate agents can adopt to thrive in 2024.1. Market Trends and Insights:Understanding the current market trends is crucial for any real estate agent. In Uganda, factors such as population growth, urbanization, and economic development continue to shape the real estate landscape. Analyzing these trends can provide valuable insights into the types of properties in demand, preferred locations, and pricing dynamics.2. Technology Integration:In the age of digitalization, technology has become an integral part of the real estate business. Embracing digital platforms like www.RealEstateDatabase.net or
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PROMOTING REAL ESTATE WITHIN THE RAPIDLY GROWING DISTRICTS OF UGANDA
Promoting real estate in rapidly growing districts of Uganda can be a great opportunity for investors and developers. Uganda is a country with a rapidly growing population and economy, and this is reflected in the real estate market. Many districts are experiencing rapid growth, making them attractive locations for real estate investment. Some of the districts with the fastest growing number of leads include Mbarara, Jinja, Kasese, Gulu, Masaka, Fort Portal, Hoima, and Mbaale.
One of the best ways to promote real estate in these districts is through targeted marketing and advertising campaigns. This can include online and offline advertising, as well as networking and building relationships with local real estate agents and developers. One of the key platforms to promote real estate in Uganda is through the Real Estate Database (RED) at www.RealEstateDatabase.net. This platform allows users to easily search and find properties in different districts, and also provides valu
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PROPERTY MANAGERS ARE MISSING IN THE LANDLORDS AND TENANTS ACT Property managers are (in)famous for evicting tenants. A tenant who was once thrown out of his apartment (read premises) will never forget the property manager who threw him out.
It so happens that most of the times I have interacted with property managers, they will occasionally make or receive a call from a problematic tenant and then exchange tough words in my presence.
The very first property manager I interacted with in Uganda is called Andrew Mukiibi from Premier Property Lettings Ltd, that was way back in 2006 when i was trying to make my entry into the real estate industry, at that time, his office was on 1st street, next to what was then known as Ange Nior Discotheque.
When I went to his office, I found him in a very horrible mood as he was in the midst of a heated and lengthy phone argument with a problematic tenant at the time when I arrived.
I even contemplated rescheduling my meeting with him based on the assumption that our meeting may be affected by his mood, and thu
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