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THINGS TO LOOK OUT FOR DURING A PROPERTY TOUR.
When it comes to buying or renting a property, it's essential to take a property tour before making any decisions. A property tour can give you a good idea of what the property is like, and it can help you decide whether or not it's the right fit for you. However, there are some things you need to look out for during a property tour to ensure that you're making an informed decision.
Here are some of the most important things to look out for during a property tour:
The condition of the property
The first thing you should look out for is the condition of the property. Take note of any signs of wear and tear, such as cracked tiles, peeling paint, or worn-out carpets. This will give you an idea of whether or not the property has been well-maintained and if any repairs are needed.
The layout of the property
Another thing to look out for is the layout of the property. Is it easy to move around the property, or are there narrow passageways and tight corners? This is espec
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TOO MANY AGENTS SELLING THE SAME PROPERTIES.
In a seller's market, where demand for properties in a specific location exceeds supply, multiple agents may represent the same property in hopes of securing a commission. While this may seem like a win for the seller, it can lead to confusion and frustration for potential buyers who are inundated with offers and approached by multiple agents.
In this blog, we'll explore the challenges that arise when too many agents are marketing the same properties in a seller's market, and offer insights into how buyers and sellers can navigate this complex real estate landscape.
A seller's market occurs when there is high demand for properties but a limited supply available for sale. This situation is particularly prevalent in certain areas of Kampala, such as the upscale neighborhoods of Kololo, Naguru, Nakasero, Ntinda and lower level neighborhoods including most parts of western Kampala (Rubaga division).
In these areas, there are few listings available for sale, which
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THE MORTGAGE APPLICATION PROCESS IN UGANDA
In Uganda, obtaining a mortgage can be a daunting task for many prospective homebuyers due to the complexities of the application process. However, with a clear understanding of the steps involved and the requirements necessary, navigating the process can be a lot easier. In this article, we'll take a closer look at the mortgage application process in Uganda and offer some tips to help you secure a home loan.
Step 1: Determine Your Eligibility
The first step in applying for a mortgage in Uganda is to determine your eligibility. To be eligible for a mortgage, you must be a Ugandan citizen or a legal resident of Uganda. Additionally, you must have a regular source of income and a good credit score. The lender will also consider the value of the property you intend to purchase, as well as the down payment you are willing to make.
Step 2: Shop Around for Lenders
Once you have determined your eligibility, the next step is to shop around for lenders. Different lenders have differ
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