The Property market in Nigeria is plagued by a myriad of problems. Property owners wait for years before they can get buyers for their property, and this is often as a result of poor access to the network of buyers, and the activities of unscrupulous Property agents who inflate the prices of these Properties enough to diminish interest from potential buyers.
There is also the problem of fake property titles in circulation, and the slow and difficult process of verifying them. These are some of the problems Landvigo sets out to solve.
Landvigo significantly reduces the cost of housing in Nigeria through the smart acquisition and resale of real estate. It does this by concluding the verification and purchase of reasonably priced and well-located properties within 48 hours, and reselling same below market rates to interested buyers. This means that Property owners can cut out property agents, reach Landvigo directly, and get payment for their property in 48 hours.
Property owners who have property available for sale can visit www.landvigo.com, fill the short valuation form to get an automated instant valuation. This is a tentative valuation, subject to the offer after the physical evaluation. Property owners can also create a Landvigo account, send the details and copies of documents they have available for the property, and we will contact them to schedule a physical inspection. After the inspection is concluded, Landvigo makes them an offer, and concludes verification and payment within 48 hours if the offer is accepted.
Landvigo is launching with a solid team experienced in the real estate business and in business development. The Founder and CEO, Stephen Uba, has acquired over a decade of experience in real estate sales, acquisition, and investment. Before founding Landvigo, he was the Founder and CEO of Mr. Cee Projects and Properties Ltd, and led the company to gross a revenue of about $4.2million in five years. Chinweuba Ozeh and Vincent Okeke are also Co-founders with extensive experience in real estate and business development respectively.
Landvigo launched in Abuja, Nigeria, August 2020, and will be expanding one city at a time.
Jan. 18: Bonus Built in Africa episode: Town Hall meeting with Peter Salovey, President of Yale University
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