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100+ search results, Apartments for sale (Sponsored)
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UNDERSTANDING THE LAND TENURE IN UGANDA AND ITS IMPACT ON REAL ESTATE OWNERSHIP
Uganda is a country with a complex land tenure system, which has significant impacts on real estate ownership. The system is a result of a mix of different land tenure systems inherited from Uganda's colonial past, which have evolved and adapted to the country's changing political, social, and economic circumstances. In this blog, we will examine the different types of land tenure in Uganda and their impact on real estate ownership.
Mailo Land: Mailo land is a type of land tenure system that was introduced in Uganda during the colonial period. It is prevalent in central Uganda, where it covers about 30% of the land area. Mailo land is a freehold system where the land is owned by individuals or families who have the right to use, sell, or lease it. However, the landowners only have ownership rights to the surface of the land, as the government retains ownership of the minerals and subsoil.
The main challenge with the Mailo land system is that it has led to fragmented landowner
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BUILD YOUR SHOPPING CENTER ON THE LEFT SIDE OF THE ROAD LEADING OUT OF THE CITY CENTER.
In the world of retail development, location is more than just a buzzword; it's a critical factor that determines the success or failure of your shopping center, retail outlet, or mall. For developers and investors, understanding the nuances of consumer behavior and local infrastructure is non-negotiable. One key insight that has surfaced time and again is the importance of choosing the right side of the road for your development. Specifically, when building a retail center outside a city, it's advisable to position it on the left side of the road leading outwards. This strategy aligns with how people shop, especially in Uganda, where the majority of shoppers buy groceries and daily essentials on their way back home from work in the city center. The Psychology Behind the Left Side Advantage.In Uganda, like in many countries where driving is on the left, the flow of traffic dictates the convenience of access. During evening commutes, when most people remember to pick up groceries, shopp
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DOES AFFORDABLE MEAN CHEAP, OR DOES CHEAP MEAN AFFORDABLE?
In real estate, terms like "affordable" and "cheap" are often used interchangeably, yet they hold distinct meanings that shape buyers' expectations and perceptions. If you've ever wondered, "Does affordable mean cheap, or does cheap mean affordable?" you're not alone. Let's take a deep dive into what these terms mean, especially in the context of property buying, and how they might impact your next big purchase. Additionally, we will explore a full list of several real life examples of both cheap properties and then affordable properties that fit within your current budget. Understanding "Affordable" vs. "Cheap".Affordable: Affordability is highly subjective and hinges on individual financial capacity. In real estate, "affordable" refers to properties that buyers find reasonable in price based on their income, financial goals, and the market context. For example, an affordable home for a young professional might be in a thriving suburb, close to their office, and within budget, yet not
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AGENTS ABANDONING THE PRACTICE OF TOPPING PROPERTY PRICES WITH COMMISSION.
Several years ago, when I first ventured into the Ugandan real estate market, a common practice among real estate agents was to top-up property prices with their commission. This practice resulted in each agent having their own price for the same property. Back then, it seemed like a normal part of doing business, as landlords were often unwilling to pay commissions on their quoted prices.
Agents resorted to topping-up property prices in order to secure their commissions, and the more they added, the more they earned. However, this practice had its downsides, including the hardening of landlords' hearts, locally known as "Okuzimba Omutima." As a proponent of capitalism and a believer in free market economics, I initially saw no issue with agents topping up prices. Buyers willingly paid the quoted price, and yet they had plenty of options to choose from. Moreover, topping-up property prices was not illegal.
However, times have changed, and this practice has become incr
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HOW TO CONVERT REAL ESTATE LEADS INTO BUYERS
Attention all real estate agents: Are you tired of endless lead generation efforts that yield no results? It's time to turn those leads into actual buyers with these proven strategies.
Step 1: Qualify your leads. Not every lead is a good fit for your properties. Ask them questions to determine their budget, location preferences, and timeline to buy. This way, you can invest your time in working with only the most promising leads.
(NB: The Real Estate Database (RED) analyzes visitor stats to provide agents with qualified leads based on the interest a buyer has shown in a particular property. Such leads are more likely to result in a successful sale, as they are based on the buyer's level of engagement with the property. This helps agents focus their efforts on the most promising leads, saving time and increasing their chances of success.)
Step 2: Build a relationship. People do business with people they like and trust. Take the time to get to know your lead, find common groun
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THINGS TO MENTION IN YOUR PROPERTY LISTING ON THE REAL ESTATE DÁTABASE (RED).
Are you planning to list your property on the Real Estate Database (RED)? Crafting an enticing and informative or persuasive property listing is crucial for attracting potential buyers or tenants. To help you create a compelling listing, we have compiled a list of essential elements to include. From basic details to enticing features, here's what you should mention in your property listing:
Listing Title: The title is the first thing potential buyers or tenants see, so make it attention-grabbing. Include the key selling points, such as location, unique features, or any recent renovations. For example, "Stunning 3-Bedroom Home with Spectacular Views in Muyenga."
Bedrooms: Clearly state the number of bedrooms in the property. This information is crucial for buyers or tenants who have specific spatial requirements or family sizes.
Bathrooms: Specify the number of bathrooms in the property. Mention if any bathrooms are en-suite or if there are additional powder rooms.
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HOW SHOULD A REAL ESTATE AGENT PREPARE FOR A PROPERTY TOUR?
Preparing for a property tour is an essential part of being a successful real estate agent. Whether you are showing a home to a potential buyer or a potential renter, the way you prepare for the tour can make a big difference in the outcome. Here are some tips on how an agent should prepare for a property tour:Research the property. Before you show a property, take the time to research it thoroughly. Make sure you know all the details about the property, including its location, size, age, and any other important features. This information will be helpful when answering questions from potential buyers or renters.Familiarize yourself with the area.Research the area where the property is located, including the crime rate, local amenities, and school district. This information can help you highlight the benefits of the property and address any concerns that potential buyers or renters may have.Clean and declutter the property.Before you show the property, make sure it is clean and
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THE POWER OF THE RED IS IN THE GOOGLE SEARCH RESULTS
Have you ever typed something like "houses for sale in Najjera" or "land for sale in Entebbe" into Google? Chances are, the first website you saw, right there at the top or at least on the first page, was the Real Estate Database (RED). That's not by luck. It's by design.
Google is the first place most buyers turn to when they start looking for property. They're not asking agents yet. They're not walking into offices. They're searching. So if your listings aren't showing up when someone Googles "houses for sale in [your location]," then you're missing out on a huge stream of serious leads.
Here's the good news: if you're subscribed to RED, you're already ahead.
Let's break it down.
When someone searches for "houses for sale in Kira," RED is either right at the top or somewhere on the first page. Not only that, many of the websites that also appear on that first page belong to agents or developers who are RED members. Their individual websites rank better because they benefit from
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BEHIND EVERY OUTSTANDING LISTING ON THE REAL ESTATE DÁTABASE (RED) IS A DEDICATED REAL ESTATE AGENT.
Outstanding property listings don't just appear by chance within the dynamic world of real estate. Behind every high-performing listing on the Real Estate Database (RED) is a dedicated and trusted real estate agent who understands market trends, client needs, and the power of strategic marketing. These agents are the fuel that powers RED, without their expertise and commitment, the platform would be null and void of any value. The Role of a Real Estate Agent in Creating Exceptional Listings.A property listing is much more than a simple description and a few photos. It is a carefully crafted presentation that highlights the best aspects of a property while addressing the specific needs of potential buyers or renters. This process requires skill, experience, and an in-depth understanding of the market. 1. Understanding Market Trends.Top-performing agents on RED stay ahead of market trends. They analyze pricing patterns, neighborhood developments, and buyer behavior to ensure their listin
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