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Tuesday, 15 August 2017

PROPERTY FORUM: DO YOU SUE A RELATIVE WHO ABUSE THE MONEY YOU SENT TO ZIM FOR THE PURCHASE OF YOUR IMMOVABLE PROPERTY?

When your relatives in Zim say “ its now at roof level” yet the foundation is
growing grass!
The tragedy of many diaspora property investors is that of misrepresentation by the very people they trust – their relatives.  I have come across many cases, one of them is of an uncle to whom money was sent by a nephew to purchase a property in Harare he purchased this house but he put his name as the owner instead of the nephew. He later sold the house and used the money.

Other relatives probably including your parents would recommend that no legal action be taken because the person involved is an uncle. I am however, of the opinion that these relatives should be sued so that there is a deterrent to would be offenders. What do you think yourself? Please feel free to also share your own experience in this matter.  

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PERIMETER WALLING AND OTHER VALUE ADDITION METHODS FOR PROPERTY INVESTORS


Value appreciation of immovable property is one of the biggest motivators for investing in real estate. It means harvesting good profits through capital gains or higher rental income to property owners and more commission to estate agents.   A depreciation in value means the opposite – a   lose of equity, profit or commission. Value appreciation being this important therefore, techniques that allow investors to positively influence the perception of value in the eyes of the market are welcome. Here are three worthy of consideration and these are perimeter walling, landscaping and a paint finish called eggshell. More ...


WANT LUCRATIVE RENTALS IN HARARE? HERE ARE SECURITY SYSTEMS TO CONSIDER !


Just one wealth tenant in Harare can be good enough to be a source of lucrative rentals that constitute a greater percentage of your income. This may mean repeat business that can support your enterprise for years because these individuals have the money that does so. It can also mean lucrative capital profits for sellers or large commissions to estate agents when they purchase high value real estate in affluent locations like Borrowdale in Harare. Some are tenants who have the capacity to pay monthly rent of at least US$1 000.00 exclusive of City Council rates without fail. This rent will mean a handsome commission of US$150.00 per month for property managers that will also come without fail. But these people will not just give you this great business for nothing because they have their own special needs that must be met by you and a sane real estate player will do everything reasonable to win or return this valuable class. One need that virtually all of them want to be met by the property is security. This makes sense because these individuals have very valuable assets like jewellery, sports cars and merchandise about whose security they lose sleep. So if your property has security amongst its features then I guess you would have acquired for yourself a license to print money for a while.  More ...


HOW IS A HOUSE SOLD ?




How is a house sold ? In life this usually becomes a very important question to many people. We all know how to sell say house hold property like old sofas, gadgets like cell phones, laptops etc. You can ask your friends where they sold theirs this is very easy because people do it on a daily basis. However, this is not the case with a house or those assets that are classified as immovable property ( e.g a piece of land, shop, flat, factory etc ) simply because no one sell their house every day. Yet in life the need to sell a house or any form of immovable property can suddenly become urgent. The pressing circumstances vary. Sometimes its because of a lucrative opportunity you must capitalize as soon as possible. Maybe its an acrimonious divorce were you need the money to start afresh. For others it’s a deceased estate and there are many beneficiaries anxious for their own piece of the cake. Yet to others its because of ambition detecting that one goes through advanced academic studies and payment of whatever tuition fees required. So to all these people the million dollar question becomes How  is a house sold ? or How is immovable property sold? More ...








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