Amazing Property

•FAAC allocations, N183bn to sustain excess liquidity By Babajide Komolafe BANKS said they will further tighten loan conditions in the third quarter 2018, Q3’18, even as they increase lending to the various segments of the economy. However, credit to the domestic economy dropped by 6.41 percent to N25.71 trillion in May, driven by decline in credit to the government and to the private sector. Meanwhile the excess liquidity in the interbank money market will persist this week as inflow from Federation Accounts Allocation Committee, FAAC, and maturing Nigerian Treasury Bills, NTBs, worth N183 billion hit the banking system. Last week, the market enjoyed inflow of N444.3 billion from matured TBs, which cancelled out the impact of liquidity mop up by the Central Bank of Nigeria, CBN, via N137.4 billion worth of Open Market Operations, OMO, bills. The ensuing upsurge in excess liquidity prompted cost of funds to fall, with average short term interbank interest rate falling by ...

•FAAC allocations, N183bn to sustain excess liquidity By Babajide Komolafe BANKS said they will further tighten loan conditions in the third quarter 2018, Q3’18, even as they increase lending to the various segments of the economy. However, credit to the domestic economy dropped by 6.41 percent to N25.71 trillion in May, driven by decline in credit to the government and to the private sector. Meanwhile the excess liquidity in the interbank money market will persist this week as inflow from Federation Accounts Allocation Committee, FAAC, and maturing Nigerian Treasury Bills, NTBs, worth N183 billion hit the banking system. Last week, the market enjoyed inflow of N444.3 billion from matured TBs, which cancelled out the impact of liquidity mop up by the Central Bank of Nigeria, CBN, via N137.4 billion worth of Open Market Operations, OMO, bills. The ensuing upsurge in excess liquidity prompted cost of funds to fall, with average short term interbank interest rate falling by ...

Even though it's the place we spend hours in, relaxing and regenerating every night, the bedroom is often the last place that gets design attention. That's because we tend to focus on the spaces that guests see first (or most), and we may never get around to making the bedroom as chic as it can and should be. You don't have to be afraid of tackling this important space; little changes can make a big difference, and many can be made this weekend without outside help. Shake out those muscles and get ready to make that bedroom beautiful! Use wallpaper in new ways Create an urban chic look with a feature wall of exposed brick or go romantic with this look. They're both of the peel-and-stick variety, which means they'll go up (and come down) easy. The no-commitment aspect of these wallpaper options makes them the perfect choice for those who haven't done much in the bedroom because they thought they needed tostrike the ultimate inspirat...

Kayode Fayemi Vice President, Prof. Yemi Osinbajo on Tuesday, led creme de la creme in the All Progressives Congress, (APC) to Ekiti to kick start the campaign for the candidate of the party in the July 14 gubernatorial election, Dr Kayode Fayemi. Addressing the crowd at the Oluyemi Kayode stadium, Ado-Ekiti, venue of the mega rally, the Vice President charged all Ekiti indigenes to vote out the Peoples Democratic Party, (PDP) government in the state and vote for the APC. “It is time to bring to an end, the government of the PDP and vote for the APC and our candidate, Dr Kayode Fayemi in the July 14 governorship election. “With APC in government, era of sufferings in Ekiti is over, do not try to give the PDP another chance, we shall provide adequate security before, during and after the election to guarantee your safety. “Ekiti is about to experience a new progress‎ and development, but if Ekiti people wish to benefit from the progressives blessings, let everybod...

Lekki- Epe Expressway. PHOTO: Rendel-ltd The Fairmont Estate on the Sangotedo axis of Lekki corridor that recently joined the ranks of residential scheme in the Lagos metropolis is being aggressively developed and offering affordable land to prospective subscribers. Developed by Propertymart, the scheme comes with an innovative and accessible payment structure for the young and upwardly mobile who are looking for good and affordable value on the Lekki corridor but who do not have the ability to put down bulk sum for land, pay cut-throat prices or be left at the mercy of land-grabbers or antics of traditional land owners – the Omo-oniles.   The Lekki corridor, reputed to be the fastest growing corridor in Africa will soon be home to the biggest port, the biggest refinery, one of the most beautiful and eco-friendly airports in Africa and a free trade zone which is already oversubscribed by future-oriented local and global businesses.   To this end, there has been concerted...

Appraisers, Homeowners Agree More Than Ever on Values | Realtor Magazine Internet Explorer does not currently support REALTOR® Magazine search. IE users, please download Firefox, Chrome, or Edge. Homeowners and appraisers continue to close the gap between perceptions over home values in their area. Quicken Loans’ National Home Price Perception Index shows that appraised values were just 0.34 percent lower than what homeowners expected in May. A year ago, the gap between the appraiser and owner’s home price opinions was five times larger. Still, home value perceptions vary quite a bit from city to city. Homeowners in San Jose, Calif., for example, tend to receive appraisals that are, on average, 2.82 percent higher than what they expected. On the other hand, homeowners in Chicago are receiving appraisals that are 1.69 percent, on average, lower than what they estimated. “Real estate is incredibly local, from style preferences to the dire...

Is your family too close for comfort? Upgrading to a spacious new home could be your key to domestic bliss.   There are plenty of things to consider when designing the home of your dreams. A science project has taken over your kitchen, a remote control war is raging in the lounge room and the dog is pacing the corridor. If this sounds like an average day in your hectic household, it could be time for an upsize. With one chance to get it right, here are some key factors to consider when building your dream family home. A good reputation First thing’s first. No matter how good the glossy brochure looks, the reputation of your builder is paramount. For Lawrence Flancia, choosing Rawson Homes at the new Horizon community meant he could step back and trust that the job would be done properly. “Building a new home can be very time consuming, and when you have a young family, you just don’t have that time,” he says. “Going with a package made lots of sense fo...

Question: Our pool and clubhouse are 15 years old. The board wants to build a larger pool and upgrade the clubhouse which would require a $200,000 special assessment and drain our reserves. Answer: The board has no authority to expand the common area amenities. Its authority is to maintain existing amenities in good condition. However, if an appropriate majority of the members are in favor of raising and spending this money for this purpose, that is acceptable. However, the "appropriate" majority may be a super majority of two thirds or more depending on how your governing documents read. This requirement could effectively kill the proposal. Question: We did not have a quorum at our last annual meeting. So, the manager passed out blank proxies for people to sign just in case they couldn't attend the rescheduled meeting. When I asked who would be the appointee for the proxies, I was told that they would be divided among the board members. I...

For anyone interested in real estate acquisitions in Kent (UK), right now is a very good time to invest. The global market, still recovering from the 2008 recession that had a worldwide impact on economies, remains a buyers market. And the Kent market is no exception to this market trend. The UK's largest home sale websites, TWPN, has hundreds of kent property for sale listings, They also feature listings by property developers and UK estate agents. Everything from 1-bedroom flats to massive homes befitting royalty can be found here. Depending on buyer's budget, personal home preferences, and locations within Kent and the greater London area, they have a wide variety of available options in which the buyer may elect to evaluate in greater detail. With such a great variety of available properties and their corresponding values, a few of the listings spanning a wide range of prices include: *Guide Price: £50,000. For sale by auction, a 2nd and 3rd floor maiso...

buy now $2.23 The Shepherd 1-1/4-inch Carpet Base Nail-On Glides are designed to work on wooden furniture legs. They feature cushions that absorb shock so flooring does not dent or scratch. They attach easily by tapping glides into your pre-drilled mounting holes.Helps furniture slide smoothly over flooring Carpet base and metal nail Cushion absorbs shock so flooring does not dent or scratch For use on wooden furniture legs Not designed for use on chair legs

Chief of Army Staff, Lt. Gen. Tukur Buratai, during the launch of Apple Island, an initiative of the Nigerian Army Properties Limited. Banana Island Property owners/residents’ association has expressed disaffection over the Apple Island project being promoted by the Nigerian Army Properties Limited (NAPL). The residents said they met the Chief of Army Staff, Lt. General Tukur Buratai when he visited the site of the proposed Apple Island and expressed their grievances over the project, which made him to stop the elaborate ground breaking ceremony. NAPL has last week erected a signpost in Banana Island in Ikoyi Local Government Area of Lagos for the development of its iconic Apple Island off the shore of the island. According to the chairman of the association, Mr. Chudi Ubosi, the land was handed over to the association by the Federal Ministry of Power, Works and Housing, about 10 years ago to build a recreational/boat club in the area.     Banana Island is Niger...

PHOTO: Farmlandgrab.org An 88-year-old widow, Mrs. Veronica Asuquo and some farmers in Akamkpa and Biase local Government Areas of Cross River State are alleging land grabbing and farm destruction by Wilmar International. But Wilmar in a reaction, said there is no element of land grabbing or destruction of farmland through its farming activities in host communities of Akamkpa and Biase. Speaking to newsmen in Akamkpa after a tour of the affected farms last week, the 88-year woman from Ayukaba Village, who is seeking N200 million compensation claimed that her farm was destroyed through a water channel. She said: “What is destroyed is more than N200 million. We have complained to them but they have not done anything. I am not a stranger. So they cannot take my land and leave me to die hungry”. Mr. Paul Asuquo, a farmer and son to the octogenarian who conducted some newsmen round the affected farm estate said the farm has a direct boundary with Wilmar. “Before now we did ...

Though homeowners are seeing their equity grow—properties with negative equity fell 3 percent in the first quarter of this year—2.5 million homes nationwide still are considered underwater, according to CoreLogic’s Home Equity Report. Negative equity refers to borrowers who owe more on their mortgages than their homes are worth and can occur because of a decline in a home’s value or an increase in mortgage debt.  But rising home prices are bringing more homeowners into the black. Nationwide, homeowners with a mortgage saw their equity rise 13.3 percent year over year. The average homeowner gained $16,300 in home equity between the first quarter of 2017 and the first quarter of 2018. As such, the number of residential properties in negative equity territory has been falling over the past few years. Negative equity reached a peak of 26 percent of mortgaged properties in the fourth quarter of 2009. The national aggregate value of negative equity was about $28...

Most homebuyers are familiar with the phrase ‘underquoting’ – a practice carried out by real estate agents while marketing a property in order to attract a larger pool of prospective buyers and create a greater sense of competition for the property. The majority of agents act in good faith and take a far more honourable approach to marketing properties, however unfortunately – and despite recent reforms put in place in both New South Wales and Victoria to crack down on underquoting – it still happens within Australia’s real estate industry. Underquoting, also referred to as ‘bait pricing’, creates frustration among both parties, but particularly buyers who get their hopes up about buying a property they think is within reach, only to be outbid or disappointed at auction. Underquoting laws are now in place to help ensure homebuyers don’t waste time, money and a lot of effort. Picture: AAP/Glenn Hunt Cracking down Regulating underquoti...

When it comes to liens, California has adopted a "first in time, first in right" system of priorities. As authors Miller and Starr, the widely-acknowledged gurus of California real estate law, put it, liens, "have relative priorities among themselves according to the time of their creation." California Civil Code 2897 says, "Other things being equal, different liens upon the same property have priority according to the time of their creation." That is why people who make private loans, secured by trust deeds, are encouraged to record that instrument ASAP. Someone who waits a month, a week, or even a day to record a trust deed may find that someone else has recorded another, on the same property, during that intervening time. The second person now has lien priority over the first. If the second person ever had to foreclose, the first person could be wiped out. Though, as we can learn from a recent appellate case ( MTC Financia...

Buying a home is never easy. There are red flags to watch out for and things to pay close attention to in order to not fall victim to one’s over eagerness when buying a home. It is almost a given that in competitive markets or luxury home open houses, the home you walk into has been styled, upgraded, and deep cleaned for it to be shown in the best light possible. What can you do then to make sure that you don’t get dazzled? Take note of the following warning signs and try to stay away from homes sporting them. Clearly Visible Mould Signs of mould may be difficult to catch if you don’t know where to look for them, but mould that is clearly visible even to the untrained eye is not just a sign of neglect but of a huge health risk as well. Patches of green, gray, and black in areas near faucets or caulked surfaces can just be the tip of the iceberg for a home-wide mould issue. Lopsided Windows Wonky windows can be an installation is...