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79 search results, Properties of the week
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PREPARING FOR THE YEAR AHEAD: A GUIDE FOR REAL ESTATE AGENTS.
As the new year dawns upon us, real estate agents find themselves at the forefront of an ever-evolving industry. The real estate market is dynamic, shaped by economic trends, technological advancements, and shifting consumer preferences.
To stay ahead of the curve and make the most of the opportunities that lie ahead, real estate agents must be proactive in their approach to business. In this blog post, we'll explore key strategies and considerations to help you prepare for the year ahead and achieve success in the competitive real estate landscape.1. Reflect on the Past Year:Before diving into the future, take some time to reflect on the past year. Evaluate your successes, challenges, and areas for improvement. What worked well for you, and what could be enhanced? By learning from your experiences, you can set realistic goals and refine your strategies for the coming year.2. Stay Informed About Market Trends:The real estate market is influenced by a myriad of factors, from in
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HIGHLIGHTS FRÓM THE CONSULTATIVE MEETING ON REAL ESTATE REGULATION AND LICENSING WITH SRB.
On Friday, 30th August 2024, the Uganda Business Facilitation Center hosted a pivotal Consultative Meeting on Real Estate Regulation and Licensing. Members of AREA Uganda and several other real estate professionals convened to address the future of real estate agency regulation in Uganda.
The meeting featured two significant presentations: one by Moses D Lutalo from Broll Uganda and another by Ronald Ssengendo from the Surveyors Registration Board (SRB). Both provided valuable insights into the sector's current status and the steps being taken toward professionalizing and regulating real estate practices. First Presentation: Moses D Lutalo, Managing Director, Broll Uganda.Moses D Lutalo's presentation revolved around the importance of regulating the real estate industry in Uganda and the role of SRB in this process. He emphasized the significance of professionalizing the industry, citing that AREA Uganda, founded in 2008, aims to bring order to the sector. He outlined the lega
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NOT EVERYONE CAN BUY OR BUILD A HOUSE, JUST LIKE NOT EVERYONE CAN AFFORD TO BUY A CAR.
Have you ever found yourself wondering why developers aren't constructing houses tailored for low-income earners? The answer lies in a simple economic reality, the cost of materials and land often surpasses what those with modest incomes can afford. In a world where housing demand outstrips supply, developers prioritize projects that cater to a higher income spectrum. This blog aims not to discourage the dream of homeownership but to shed light on the practicalities of achieving it, especially for those with limited financial means.Recently, during a presentation on Real Estate Database (RED) listings to young IT professionals, a question arose: why doesn't RED feature homes for low-income earners? The term "low income" was loosely defined as earning around 300,000. In response, it was emphasized that if someone earning 300,000 is employed within Kampala, the most viable option is renting until their income surpasses this threshold.Consider this, with a 300,000 income in Kampala, how m
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REAL ESTATE CONTRACT MANAGEMENT: A COMPREHENSIVE GUIDE.
In the fast-paced world of real estate, managing contracts efficiently is crucial. With the digitization of many business processes, real estate contract management has become more streamlined and accessible.
This guide provides an in-depth look into the process of contract management in real estate, from understanding digital signature requirements to creating and executing contracts. Whether you’re a seasoned professional or new to the field, these easy-to-follow instructions will help you stay organized and efficient in your contract management. Understanding Digital Signature Requirements. What is a Digital Signature?A digital signature is an electronic form of a signature that provides authenticity and integrity to a digital document. It ensures that the document has not been altered and verifies the identity of the signer. Legal Validity of Digital Signatures.Digital signatures are legally binding in many countries, including the United States, under the ESIGN Act
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WHY A PROPTECH STARTUP NEEDS TO MAKE PROFITS FRÓM THE START.
If you're starting an online PropTech business, one critical lesson is clear, your startup must focus on generating profits from day one. This means your pricing should ensure that revenue from the minimum number of viable clients covers all your regular monthly expenses, and reaching this client base should be achievable within a few months (not years) of launching. Based on my own experience, this is a crucial factor in building a sustainable and competitive business in such a rapidly evolving industry. The Importance of Profitability from the Start.When building a PropTech startup, your business model must be designed to generate profits immediately, no matter how small the profits. Many startups fall into the trap of waiting years to make money, thinking that growth and scale should come first. This is a dangerous path, as it can leave you vulnerable to new competitors who might offer similar technology or services for free.For example, Flipkart, an e-commerce giant in India, faced
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WHO EXACTLY IS VINCENT AGABA?
It was the year 2007 when I first met a gentle man called Vincent Agaba, a man who would go on to revolutionize the real estate sector in Uganda. At that time, Vincent had recently established a property management company called Avarts Housing Limited. Their office was located on Plot 66 Kenneth Dale Drive in Kamwokya, before later relocating to Embassy Plaza along Ggaba Road. Meanwhile, I had just also recently launched the Real Estate Database (RED) and was seeking established agencies to join and list their properties on the new platform.
One day, while moving along Kira Road, I noticed the Avarts signpost and decided to pay them a visit. I was eager to meet the people behind the company and see if we could strike a deal to join the RED. I sat down with Vincent and explained the concept of the RED. He was not only impressed but also mentioned that he was already familiar with a similar platform called Funda in the Netherlands, where he had studied International Business an
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WHY PROPERTY BUYERS ARE UNDECIDED AND HOW TO HELP THEM MOVE FORWARD.
Making decisions related to property can be a significant life milestone, whether it involves buying a first home, selling an existing one, or investing in real estate. However, many people find themselves stuck in a state of property indecision, struggling to make progress. In this blog, we'll explore the reasons behind property indecision and offer practical strategies to help individuals move forward.Understanding Property IndecisionProperty indecision is a common challenge that can be attributed to various factors. It's essential to recognize these factors to address them effectively:1. Fear of Commitment:
Property transactions often involve substantial financial commitments. This can lead to fear, anxiety, and hesitation, preventing individuals from making a decision.2. Lack of Clarity:
Uncertainty about what one wants from a property, whether it's a first-time homebuyer unsure of their needs or a homeowner contemplating a move, can lead to indecision.3. Financial Concerns:
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