Galaxia Holds Properties, Suite C4, Surge Plaza, Gado Nasco Way, Kubwa, Abuja (2026)

31/07/2023

Revealuate your strategies and seize new opportunities this week. 💪💪💪🔥🔥🔥

21/07/2023

Can you imagine raising a fully functional household in a home like this?🤔😅

17/07/2023

Another week to chase your dreams tenaciously 💪🔥

02/03/2023

Real Estate Agent or Realtor: What's The Difference and Why It Matters?

Real estate agents and realtors are professionals who assist people in buying, selling or renting properties. Although both professions may appear similar, they have some fundamental differences. In this article, we will discuss the differences between a real estate agent and a realtor.

A real estate agent is a licensed professional who helps buyers, sellers, or renters in the purchase, sale, or rental of real estate properties. They are required to obtain a state-issued license, which involves completing a specific number of hours of real estate coursework and passing an exam.

On the other hand, a realtor is a real estate agent who is a member of the National Association of Realtors (NAR), a trade organization for real estate professionals. To become a realtor, an agent must adhere to a strict code of ethics and pay annual dues to the NAR. Realtors are required to undergo continuing education to maintain their membership.

The main difference between a real estate agent and a realtor is the additional code of ethics and standards that realtors must follow. The NAR Code of Ethics is a set of guidelines that govern the behavior of realtors in their professional and personal lives. The code includes 17 articles that outline ethical responsibilities, including duties to clients, duties to the public, and duties to fellow realtors.

Realtors must follow these ethical standards and can face disciplinary action if they violate them. This means that realtors are held to a higher standard of professionalism and accountability than real estate agents who are not members of the NAR.

Another difference between a real estate agent and a realtor is access to certain resources. Realtors have access to the Multiple Listing Service (MLS), which is a database of properties for sale. This database is only available to licensed real estate professionals who are members of the NAR. Access to the MLS gives realtors a significant advantage when helping clients buy or sell properties.

Furthermore, realtors can use the Realtor trademark on their business cards, advertisements, and other promotional materials. This trademark is a recognizable symbol of professionalism and ethical behavior in the real estate industry.

In conclusion, while real estate agents and realtors share many similarities, the differences lie primarily in the additional standards and ethics that realtors must follow. Realtors are held to a higher standard of professionalism and accountability, have access to the MLS, and can use the Realtor trademark to promote their business. If you are considering buying or selling a property, it's essential to choose a professional who has the skills, knowledge, and experience necessary to meet your specific needs.
At Galaxia holds, our team of expert agents are here to guide you through every step of the process, from finding the right property to closing the deal.

01/03/2023

Happy new month investors. What properties would you be looking to buy in the month of March?🤔

09/02/2023

What Every Potential Land Investor Ought to Know Before Buying Land.

Land banking is one of the oldest real estate investment practices where investors buy small or large quantities of undeveloped land, intending to profit from the resale of the land.

But the idea of generating the largest possible turnover from the investment at the shortest possible time, may seem very far-fetched if investors don’t consider the factors surrounding the increase in value of a particular land.

The following are 5 factors to consider before purchasing land:

LOCATIONS WITHIN NEIGHBORHOOD.
Not all spots within a given area are considered equal. A land is usually in higher demand when it is situated near a busy roadway, recreation center, shopping complex etc. Consequently, most neighborhoods evolve their own social, cultural and demographic characteristics that impact demand for houses, within that region.

FUTURE DEVELOPMENT
Real Estate investors should not only be cognizant of current local amenities, but they should also be aware of the prospective commercial and municipal developments in the area, such as plans for new schools, hospitals, shopping malls, supermarket and other social infrastructures. This will impact land values.

DEVELOPMENT OF NEW INFRASTRUCTURE
The development of new roads and bridges and other infrastructural projects can make an area more accessible and desirable.

SUPPLY AND DEMAND
When the demand for land in a specific area is high, but the supply or available land is limited, then the value of the land in that area will increase.

ECONOMIC GROWTH
Economic growth particularly in the form of new businesses can drive up the value of land in a specific area. When new businesses, companies and industries pitch their offices and warehouse in a location, it translates into additional value for the land, as more people will desire to leave close to the area of the source of their livelihood.

At the end of the day, every potential land investor should consider doing a Comparative Market Analysis (CMA) to get a good estimate on the value of the property they intend to purchase. Galaxia holds properties has a good number of professionals that can seamlessly determine this, to help you acquire the property of your dreams.

02/02/2023

Another month to think about your real estate strategies 🔥

31/01/2023

5 SIMPLE WAYS TO INVEST IN REAL ESTATE.

A good investment has a high chance of success or returns on your investment. If your investment involves a high level of risk, that risk should be balanced out by a high possible reward.

Buying and owning real estate is an investment strategy that can be both satisfying and lucrative. But of course, one mustn’t go into this venture without proper and adequate knowledge.
The following are 5 less frequently talked about ways to invest in real estate along with their pros and cons to help anyone looking to go into this lucrative venture:

1. Rental Properties
Owning rental properties can be a great opportunity for individuals who have the patience to manage tenants. However, this strategy does require substantial capital to finance upfront maintenance in terms of purchase and maintenance.

Pros
• Provides regular income and properties can appreciate
• Maximizes capital through leverage
• Many tax-deductible associated expenses
Cons
• Managing tenants can be tedious
• Potentially damaged property from tenants
• Reduced income from potential vacancies

2. Real Estate Investment Groups (REIGs)
Real estate investment groups (REIGs) are ideal for people who want to own rental real estate without the hassles of running it. Investing in REIGs requires a capital cushion and access to financing.

REIGs are like small mutual funds that invest in rental properties. In a typical real estate investment group, a company buys or builds a set of apartment blocks or condos, then allows investors to purchase them through the company, thereby joining the group.

Pros
• More hands-off than owning rentals
• Provides income and appreciation
• Fewer risks in managing rentals alone
Cons
• Vacancy risks
• Fees similar to those associated with mutual funds
• Susceptible to unscrupulous managers

3. House Flipping
House flipping is for people with significant experience in real estate valuation, marketing, and renovation. House flipping requires capital and the ability to do, or oversee, repairs as needed. Real estate flippers often look to profitably sell the undervalued properties they buy in less than six months.

Pros
• Ties up capital for a shorter period
• Can offer quick returns
Cons
• Requires a deeper market knowledge
• Hot markets cooling unexpectedly

4. Real Estate Investment Trusts (REITs)
A real estate investment trust (REIT) is best for investors who want portfolio exposure to real estate without a traditional real estate transaction.

A REIT is created when a corporation (or trust) uses investors’ money to purchase and operate income properties. Like any other stock, REITs are bought and sold on major exchanges.

REITs are highly liquid because they are exchange-traded trusts. In other words, you won’t need a real estate agent and a title transfer to help you cash out your investment.

Pros
• Essentially dividend-paying stocks
• Core holdings tend to be long-term, cash-producing leases
Cons
• Leverage associated with traditional rental real estate does not apply

5. Online Real Estate Platforms
Real estate investing platforms are for those who want to join others in investing in a bigger commercial or residential deal. The investment is made via online real estate platforms, which are also known as real estate crowdfunding.

This still requires investing capital, although less than what's required to purchase properties outright. Online platforms connect investors who are looking to finance projects with real estate developers. In some cases, you can diversify your investments with not much money.

Pros
• Can invest in single projects or portfolio of projects
• Geographic diversification
Cons
• Tends to be illiquid with lockup periods
• Management fees

29/01/2023

8 IMPORTANT DOCUMENTS FOR PROPERTY TRANSACTIONS

The business of real estate isn't just about fancy houses and affordable lands. Getting the right documents for property transactions is very vital in securing a long-term investment. The following are 8 relevant documents for house or land transactions:

LAND PURCHASE RECEIPT
A land purchase receipt is a normal receipt or document reflecting the receipt of payment for a particular house or land. Usually, vendors issue a receipt to the buyer upon the sale of a property. However, the receipt may be exempted where the clause for receipt is contained in the document transferring the land.

CONTRACT OF SALE OF LAND
The contract of sale of land is used by parties to agree on some terms before the finalization of the transaction. It is relevant when any property is to be purchased by anyone. It is not a registrable instrument and must be preceded with other documents transferring title in the applicable property.

SURVEY PLAN
A survey plan is used to show the location and size of the landed property. With the descriptions and coordinates on the survey document, it is easier to check or search from the office of the Surveyor-General whether the land is actually under any government acquisition or not.

DEED OF ASSIGNMENT
A deed of Assignment is used in sales transactions to permanently transfer a landed property from the seller (also known as assignor) to the buyer (also referred to as assignee). It may be drafted by the assignor and reviewed by the assignee or vice versa.

CERTIFICATE OF OCCUPANCY (C of O)
The state government usually issues a C of O, indicating that a person owns a parcel of land or property. It is issued to individuals that have held a piece of land after 1979. State governments also give it to the allottees of the government’s land. An Individual who subsequently takes over land by way of sale does not require a new certificate of occupancy but rather a deed of assignment with the governor’s consent.

DEED OF MORTGAGE
A deed of mortgage is actually used in mortgage transactions to show that land or house has been transferred from the mortgagor (borrower) to the mortgagee (lender). It is a temporary transfer in the sense that the mortgagor shall be entitled to retrieve this property back from the lender when the total loan amount, together with the accrued interest, has been paid.

DEED OF GIFT
It is a document that proves that land or property has been gifted from one person (donor) to another (Done). A deed of gift can be used to transfer interest in a landed property permanently.

GRANT OF PROBATE
A grant of probate is a document derived after proving the will of a deceased person through inheritance by will in the probate registry. The document vests all the assets contained in the will into the executors of the estate, who are now recognized legal owners of the property in law.

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