FAQs – Richard Olodu & Co.

Frequently Asked Questions

Question about selling

How do I initiate the process of selling my property with Richard Olodu and Co.?

To start the selling process, simply contact our office, and our dedicated team will guide you through the necessary steps, including property evaluation and listing procedures.

What documents do I need to provide for the property selling process?

We require essential documents such as Certificate of Occupancy (C of O), title deeds, survey plans, and any relevant approvals or permits. Our organization would require letter of authority to sell from the owner of the property.

Do I need property/asset valuation to sell my interest?

YES! It is the process of determine the current market value of the assets. However, there might not be a need if you already have a valuation report certified by quantified estate surveyor and valuer.

How is the property valuation conducted?

Our licensed Estate Surveyors and Valuers employ industry-standard valuation methods to determine the accurate market value of your property. This involves a thorough inspection and analysis of various factors influencing the property’s worth.

What fees are involved in selling a property through Richard Olodu and Co.?

Our fees are normally based on the approved scale of charges for the Estate Surveyors & Valuers, which will be made available to you on request. However, our fees typically include valuation fees, marketing expenses, and a commission based on the final sale price. These details will be discussed and agreed upon before listing your property.

How long does it take to sell a property with Richard Olodu and Co.?

The duration varies based on market conditions and property specifics. Our team strives to expedite the process while ensuring a successful and satisfactory transaction.

What happens after receiving an offer on my property?

Upon receiving an offer, we will communicate the details to you promptly. Our team will provide guidance and negotiate on your behalf, ensuring a fair and favorable deal. The final decision always rests with you, the property owner.

Question about renting

How can I view available rental properties with Richard Olodu and Co.?

To view our available rental properties, you can visit our website’s “Properties for Rent” section or contact our office directly. We regularly update our listings for your convenience.

What documentation is required to rent a property through your agency?

Generally, we require a completed rental application, proof of identity, proof of income, and references. Specific documentation may vary depending on the property and landlord requirements.

How is the rental price determined for properties listed by Richard Olodu and Co.?

Rental prices are determined based on factors such as location, property size, amenities, and market demand. We conduct thorough market analyses to ensure fair and competitive pricing.

How long is the typical lease term for rental properties?

Lease terms vary, but most residential leases are for a minimum of one year. Shorter-term leases or longer leases may be available depending on the property and landlord preferences.

What fees should I expect when renting through Richard Olodu and Co.?

Common fees include the security deposit and first month’s rent. Additional fees may include application fees or charges for background checks. All fees are communicated transparently during the leasing process.

Can I renew my lease at the end of the rental term?

Yes, many leases offer the option to renew at the end of the term. We can discuss renewal options with you in advance of the lease expiration date.

What types of properties do you handle in your valuation services?

We specialize in valuating a wide range of properties, including residential, commercial, industrial, and agricultural properties, ensuring a comprehensive approach to real estate valuation.

How does your property management service benefit property owners?

Our property management services aim to alleviate the responsibilities of property owners. We handle tasks such as rent collection, maintenance, and tenant relations, ensuring a hassle-free ownership experience.

Can you provide examples of real estate projects you have successfully managed?

Certainly. We have successfully managed diverse projects, including residential developments, commercial complexes, and infrastructure projects. Our portfolio reflects our competence in overseeing projects of varying scales.

What sets your feasibility studies apart from others in the industry?

Our feasibility studies are thorough and detailed, analyzing various aspects such as market trends, financial viability, and potential risks. We provide valuable insights to guide clients in making informed decisions about their real estate ventures.

What types of facilities management services do you offer?

Our facilities management covers a spectrum of services, including maintenance, security, utilities management, and overall operational efficiency. We aim to enhance the functionality and longevity of facilities under our management.

Are your project management services limited to specific types of real estate projects?

No, our project management services are versatile and extend to various real estate projects, including residential, commercial, and infrastructure developments. We tailor our approach to meet the unique requirements of each project.