2 bedroom Semi Detached for rent in Namugongo Wakiso Uganda, code: 139173
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#NAMUGONGO Executive Sittings Room #2Bedrooms #2Bathrooms
#ForRent @#650k Monthly
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QR CODE
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100+ RELATED PROPERTIES
(Related by price or location or district or status or type) |
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WHAT JOMAYI'S COLLAPSE TEACHES US ABOUT REAL ESTATE.
The collapse of Jomayi Property Consultants Ltd, once Uganda's most prominent real estate company, serves as a cautionary tale for developers navigating the complexities of the industry. As the dust settles on Jomayi's demise, it's crucial for other developers to reflect on the factors that led to its downfall to safeguard their own ventures.Financial Prudence and Debt Management.At the heart of Jomayi's downfall lies financial mismanagement and debt accumulation. The company's inability to honor its financial obligations, particularly to NC Bank, ultimately led to its insolvency. Despite entering into agreements and consent judgments, Jomayi failed to adhere to payment schedules, triggering legal action and liquidation proceedings. For real estate developers, this underscores the importance of prudent financial management, including disciplined debt repayment and meticulous cash flow forecasting.Risk Mitigation and Diversification.Jomayi's overreliance on specific assets, such as the
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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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THIS IS WHAT HAPPENS NEXT.
In the fast-paced world of real estate, success isn't just about being quick off the mark; it's about being in front of your potential clients within a few hours and guiding them through the process with clarity. The numbers speak for themselves: if an agent can show a property within 24 hours after the initial communication, they're a whopping 85% more likely to secure that transaction compared to their less prompt counterparts.
This statistic underscores a critical shift in real estate strategies, it's no longer just about 'speed to lead,' it's 'speed to face to face.' In this blog post, we'll explore the significance of this paradigm shift and delve into the magic words that can significantly boost your real estate success.
Speed to Face to Face: The New Imperative
In the competitive world of real estate, time is of the essence. Buyers and sellers often have multiple options, and in the age of instant communication, the agent who can physically be in front of a potential client
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SOLUTIONS TO CHALLENGES FACED BY REAL ESTATE AGENCIES.
For a real estate agency, the path to success is not without challenges. From finding qualified leads to managing client relationships, agencies face many obstacles on their journey to success. However, with the right strategies and solutions in place, agencies can overcome these challenges and reach their goals. This article will explore the challenges that real estate agencies face and provide strategies for overcoming them.
1. Finding Qualified Leads:
Securing quality leads remains a foremost challenge for real estate agencies. Diverse approaches such as leveraging social media, networking, and online marketing are essential. However, the real key lies in the ability to assess and identify promising leads among the multitude.
2. Staying Informed on Market Trends:
The ever-evolving real estate landscape demands adaptability. Agencies must remain vigilant, staying informed about market shifts, changing buyer preferences, interest rate fluctuations, and emerging technologies.
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THE REAL ESTATE PEAK SEASON HAS ARRIVED, HOW DO YOU TAP INTO IT USING THE RED?
As each year comes to an end, a golden opportunity awaits real estate agents, brokers, realtors, developers and property managers. November, December, and January mark the peak season for real estate agency transactions, fueled by an influx of money-loaded holidaymakers, expatriates and the diaspora fondly referred to as the Ba-Summer or Nkuba Kyeyo or Kadama.These individuals, primarily returning from the Middle East, UK, and USA, are eager to invest in properties for personal use or as future income sources. The arrival of these Ugandans from the diaspora is your moment to shine as an agent, broker, realtor or developer, and the Real Estate Database (RED) is here to amplify your reach. Denis Musoke, the founder of Rentwide Limited, has confirmed that "inquiries are currently pouring in from the RED everyday, leading to more deals being closed at a faster rate". He adds that his real estate agency business is currently thriving and has become increasingly predictable, with prope
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WHAT IS THE DIFFRENCE BETWEEN MAILO LAND AND FREEHOLD LAND?
I have just discovered that you do not know the difference between "Freehold land" and "Mailo land", you are aware about the two term but you cannot explain them or the difference between them. Those two terms are often encountered in the realm of land ownership and they represent different land tenure systems. Understanding the distinctions between them is crucial if you are interested in property matters, especially in the context of Uganda.Freehold Land:Freehold land, also known as fee simple land or absolute ownership, is a land ownership system that grants landowners complete and indefinite rights over their land. Here are the key characteristics of freehold land:1. Absolute Ownership:
Under the freehold system, landowners have absolute and unrestricted control over their land. They can use, sell, lease, or transfer the land as they see fit. This gives them the highest level of ownership rights, and their decisions about the land are free from government or third-party interferen
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HOW CAN YOU MANAGE SAFETY HAZARDS IN CONSTRUCTION PROJECTS?
Construction projects are known for their complexity and the multitude of risks they present, especially in terms of safety hazards. From towering skyscrapers to intricate infrastructure developments, the construction industry is rife with potential dangers that can pose serious threats to workers and the surrounding environment. Therefore, ensuring the safety of all personnel involved and minimizing potential hazards should be a top priority for any construction project. In this blog, we'll explore various strategies and best practices to effectively manage safety hazards in construction projects.
Comprehensive Risk Assessment
Before embarking on any construction project, a thorough risk assessment is crucial. Identify potential hazards and assess their severity, likelihood, and potential consequences. This step will help in creating a solid foundation for a safety management plan tailored to the specific project's needs.
Develop a Robust Safety Management Plan
A well-st
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REAL ESTATE PROSPECTING TACTICS FOR NEW BROKERS/AGENTS.
Embarking on a career in real estate can be both exciting and challenging for new agents. One of the most critical aspects of succeeding in this field is effective prospecting. Prospecting is the foundation upon which your real estate business is built. It involves actively seeking out potential clients and nurturing those relationships to generate leads and ultimately close deals. In this blog, we'll delve into some essential prospecting tactics that can help new agents kick-start their real estate journey and build a thriving business.
1. Define Your Target Market
Before diving into prospecting, it's essential to identify your target market. Are you specializing in residential properties, commercial real estate, luxury homes, or rental properties? Knowing your niche will allow you to tailor your prospecting efforts to attract the right clientele.
2. Leverage Online Presence
In today's digital age, having a strong online presence is non-negotiable. Create a professional website
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COMMON TENANCY AGREEMENT MISTAKES AND HOW TO AVOID THEM.
Renting a property is an important milestone for both tenants and landlords. It's a symbiotic relationship that relies heavily on clear communication and well-drafted agreements. However, in the excitement of securing a place or finding a tenant, many people make mistakes in the tenancy agreement that can lead to misunderstandings, conflicts, or even legal issues down the road. In this blog, we'll explore some of the common tenancy agreement mistakes and provide insights on how to avoid them.
Ignoring the Written Agreement: Verbal agreements might seem convenient, but they leave room for misinterpretation and disputes. A written tenancy agreement is crucial as it outlines the terms and conditions clearly, leaving no room for ambiguity. Always insist on a written agreement, no matter how well you know the other party.
Inadequate Research: Tenancy laws and regulations can vary significantly from one jurisdiction to another. Failing to research and understand the legal framework appli
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ENTER YOUR DETAILS BELOW AND DIXON WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 139173
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INSTALLMENT PAYMENT INQUIRY FORM
Please fill out the inquiry form below with all required details. You will receive a response from Goldmine Finance within 48 hours, advising you on installment payment options for your preferred property based on the information provided.
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