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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

HOW MUCH DOES A GOOD REAL ESTATE APP COST?
Based on the simple fact that you are now reading the details of this article, you most likely already know that your real estate business should invest in an app. However, you are wondering about the cost of a good real estate App which your clients can install on their phones and then get notifications of your new/latest listings plus offers so as to keep them engaged/addicted with your brand.How much does it really cost to develop a real estate mobile app?Well, to be honest, there are very many factors that affect app development costs. In general, the real estate app development cost depends on the following factors: Features set Design Device (iOS and/or Android) and Technology Experience in the development of real estate technologies. The experience of the local real estate market by the person developing your app is a key issue regarding the success of your app development, and this largely depend on the location of the mobile app development company. For example, a c

TOP CYBER RISKS FOR THE REAL ESTATE INDUSTRY.
In an increasingly digitized world, the real estate industry has embraced technology to streamline operations, enhance customer experiences, and optimize business processes. However, with these advancements come new and evolving cyber risks that pose significant threats to the confidentiality, integrity, and availability of sensitive data. In this blog post, we will explore the top cyber risks facing the real estate sector and discuss strategies to mitigate these threats.1. Data Breaches and Privacy Concerns:As real estate companies store vast amounts of sensitive information, including personal and financial data, they become attractive targets for cybercriminals. Data breaches can lead to severe reputational damage, financial losses, and legal consequences. To mitigate this risk, real estate professionals must implement robust cybersecurity measures, including encryption, regular security audits, and employee training on data protection best practices.2. Phishing Attacks:Phishing rem

HOME STAGING MISTAKES TO AVOID
When it comes to selling a home, home staging can make all the difference. Staging your home properly can increase the perceived value of your property and help potential buyers envision themselves living in the space. However, there are some common home staging mistakes that can have the opposite effect, turning buyers off and potentially lowering your home's value. Here are some home staging mistakes to avoid: Over-Personalizing Your Space: While your personal style may be one of the reasons you fell in love with your home, it can be a turn-off for potential buyers. You want to create a neutral canvas that allows buyers to imagine their own style in the space. Avoid overly personalized items, such as family photos, political or religious decorations, and bold colors. Cluttered Space: A cluttered home can make buyers feel overwhelmed and unable to imagine themselves living in the space. Get rid of any unnecessary items and organize what is left to create an inviting