02/04/2026
Dear investors, so let's talk in real estate,
Today's 3:00pm "Did you know?" Challenge in real estate is 👇
📊 Valuation in Real Estate (Simple but Professional)
Valuation is the professional process of determining how much a property is truly worth at a specific time.
It is not guesswork. It is done by a trained Estate Surveyor & Valuer using approved methods.
Simple Meaning
Valuation tells you the real market worth of land or property based on facts, not emotions or asking price.
Who does valuation?
A licensed professional like members of:
Nigerian Institution of Estate Surveyors and Valuers (NIESV)
Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON)
🧾 What valuers look at
Location of the property
Title documents (C of O, Gazette, Excision, etc.)
Accessibility (road, infrastructure)
Land size and layout
Demand in that area
Comparable properties recently sold nearby
Zoning (residential or commercial use)
Condition (for buildings)
🛠️ Common Methods of Valuation
Comparative Method – Checking prices of similar properties sold nearby
Income Method – Based on rental income the property can generate
Cost Method – Land value + cost to build the structure
💡 Why valuation is important
Helps buyers avoid overpaying
Helps sellers price correctly
Required by banks before giving loans
Used for insurance purposes
Needed for court cases and property disputes
Helps investors calculate real ROI
🧮 Example
If 3 plots on the same street sold for ₦8m, ₦8.5m, and ₦9m, a valuer can justify your plot value around that range — not ₦15m just by assumption.
⚠️ What valuation is NOT
It is not the seller’s price
It is not emotional pricing
It is not “because development is coming”
🗂️ What you receive after valuation
A Valuation Report — an official document you can present to banks, courts, buyers, or investors.
One-line you can use with clients
“Price is what is asked. Valuation is what the property is truly worth.”
💬 Send a Whatsapp message to ask about legit Estates available now for LAND BANKING to Realtor Itunu Akintunde and to make more enquiries ☎️
https://Wa.me/+2347010689092