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100+ search results, BNB Rentals
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REAL ESTATE AGENT COMMISSIONS, ARE THEY JUSTIFIED OR EXCESSIVE?
Buying or selling a property is a significant financial transaction, and for most people, it's one of the most substantial investments they'll make in their lifetime. When engaging in the real estate market, many individuals seek the assistance of a real estate agent to navigate the complexities of the process. However, one aspect that often raises questions and sparks debates is the commission structure that agents charge for their services. Are real estate agent commissions justified, or do they lean towards being excessive? In this blog post, we will delve into the topic and explore both perspectives.
Understanding Real Estate Agent Commissions
Real estate agent commissions are typically calculated as a percentage of the final sale price of a property. The industry standard can vary, but it often ranges from 3% to 10% of the sale price. The commission is typically split between the buyer's agent and the seller's agent, with each receiving a percentage of the total commission.How
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ANNOYING QUESTIONS THAT PROPERTY BUYERS ASK REAL ESTATE AGENTS IN UGANDA.
As a real estate agent in Uganda, you have probably encountered a range of questions from property buyers. While some questions may be straightforward and easy to answer, others can be downright annoying. Here are some of the most common annoying questions property buyers ask real estate agents in Uganda, and how to deal with them.1) "What's the lowest price the seller will accept?"
This is one of the most annoying questions that property buyers ask real estate agents in Uganda and yet it's also the commonest. At first it looks like an innocent question since It's understandable that buyers want to negotiate the best deal possible, but asking for the lowest price can be a waste of time. Sellers in Uganda typically set their prices based on the current market value of the property and their personal financial needs, so there is often little room for negotiation. Instead, you should focus on discussing the property's features and benefits and explaining why it's priced the way i
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WANT TO FIND A PROPERTY FASTER? SEARCH FOR THE PROPERTY FIRST, NOT THE AGENT FIRST.
When it comes to real estate hunting in today's digital world, there's a new and smarter way to do things. Searching for the property you need first, not the agent first, sounds simple, right? But you'd be surprised how many people still do it the other way around.
Let me break it down: We're living in a time where the internet has made almost everything more convenient, including house hunting. With platforms like Uganda's Real Estate Database (RED) App, you no longer need to rely on word-of-mouth or scroll endlessly through social media groups looking for an agent. Instead, just filter for what you want, Property Category, Property Usage, Property Type, Property location, Property Price, Number of bedrooms, etc., and boom! A list of matching properties is right at your fingertips. So why waste time looking for an agent first?
Here's a helpful analogy: Imagine you're shopping for a specific brand of shoes. Would you walk into a random shoe store and hope they have your size and pr
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100 FASTEST GROWING LOCATIONS IN AND AROUND KAMPALA CITY FOR BUYING RESIDENTIAL LAND.
Is your home area one of the fastest growing locations around Kampala?
Kampala's real estate market is rapidly expanding, with numerous areas around the city experiencing significant growth. Based on the latest RED statistical analytics, I have identified the top 100 fastest-growing locations for buying land or houses, arranged and ranked in order of growth.
This boom is driven by rapid urbanization, a growing economy, and increasing demand and supply in these areas. A key observation is that the fastest-growing areas are "generally" more expensive. However, there are exceptions like Kololo, which, despite being very expensive, is ranked 39th due to its slower growth. This slow growth is attributed to the limited supply of land and low demand caused by high price points.
In this blog, I highlight a selection of these promising locations, offering an overview of the factors contributing to their growth and what makes each area unique and attractive for residen
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WHICH ONES ARE THE MOST SECURE NEIGHBORHOODS IN KAMPALA.
In the fast growing city of Kampala, finding a safe and secure neighborhood to call home is a top priority for residents and newcomers alike. With a growing population and diverse communities, it's essential to navigate the city's various districts to identify the areas known for their safety and security. In this guide, we'll explore some of the most secure neighborhoods in Kampala, offering insights into what makes them stand out and why they are preferred by many residents. 1. Nakasero.Nakasero is often considered one of the safest and most upscale neighborhoods in Kampala. Located in the heart of the city, it is home to many government offices, diplomatic missions, and high end residential properties. The area is well patrolled by security personnel, and its well maintained streets and infrastructure contribute to its overall safety. Nakasero is surrounded by a range of city center amenities, including shopping malls, restaurants, and recreational facilities, making it an attractiv
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A COMPREHENSIVE GUIDE TO REAL ESTATE TAXES IN UGANDA.
Real estate investment in Uganda can be a profitable venture, but it is essential to understand the various taxes that come with it. Taxes such as property rates, withholding tax, and stamp duty can significantly impact an investor's financial bottom line. Here's a comprehensive guide to real estate taxes in Uganda that every property owner or investor should know:Withholding Tax.
In Uganda, withholding tax on rental income is applied to individuals and companies earning income from renting out properties. This tax is deducted at the source by the tenant when making rental payments to the landlord and is then remitted to the Uganda Revenue Authority (URA). The law specifies the parties responsible for withholding the tax (tenants) and those from whom the tax is withheld (landlords), depending on the nature and circumstances of the transaction.Tenants are legally obligated to remit the withheld tax (or the amount that should have been withheld) to URA within 15 days after the end of
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I DON’T HAVE ENOUGH MONEY TO START BUILDING, WHAT SHOULD I DO?
If you're waiting to have all the money before you start building, you might wait forever. That's the truth many aspiring homeowners never hear. Landowners across Uganda and beyond sit on idle plots because they believe they must first raise hundreds of millions. But is that always necessary?
A successful home doesn't always begin with a full bank account, it begins with a smart plan.
Moses bought land in Mukono in 2019. By 2020, he had only UGX 5 million left. Instead of waiting to hit UGX 100 million, he started with what he had. He dug a pit latrine, fenced off the land with simple poles and wire, and built a small store with iron sheets for materials.
Within a year, he was living on-site in a modest two-room structure. By cutting out rent, he redirected savings into the main house. He completed the foundation the next year, then the walls the next. Now, in 2025, Moses is putting on the roof, one paycheck at a time.
So how can you do the same?
Break the house into phases
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WHICH IS BEST REAL ESTATE APP IN UGANDA?
The best app for real estate investors in Uganda is the Real Estate Database (RED) App, and here are several reasons why:
It has the most advanced property search engine mechnisim.
It has the largest number of verified agents and developers.
Based on the point above, it has the largest number of property listings.
You are able to receive notifications of the latest uploads as soon as they are uploaded or as soon as they hit the market.
It has a variety of property categories.
WhatsApp has been integrated for easy and direct communication between agents and buyers.
If you want Bungalows, Apartments, Mansions, Shell houses, Villas Studios, Duplex houses, Residential plots, Agricultural plots, Industrial plots, Warehouses, Office Space, Shops, Schools, Farms, Guest houses, Resorts , Storyed houses or Factories, you will find most of such property details on the RED App. It has a variety of properties from several agents and developers.
Plugging in your specifications often yie
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WHAT IS THE MINIMUM AMOUNT I SHOULD DEPOSIT FOR A HOUSE IN CASÈ AM TO PAY IN INSTALLMENTS?
When you embark on the exciting journey of buying your dream home, one of the critical financial considerations is the minimum down payment. Your down payment depends on several factors that can significantly impact your mortgage, monthly payments, and overall homeownership experience. In this blog post, we'll explore the factors that influence the minimum down payment and offer guidance on how to navigate this important step in the homebuying process.1. Down Payment Percentage.The first thing to understand is that the minimum down payment is typically calculated as a percentage of the home's purchase price. Commonly, this percentage is consistently emphasized to be at least 30%, as outlined in a USAID report titled "Improving Accessibility to Financial Housing Products for Uganda's Health Sector". However, it can vary depending on your specific situation and the type of mortgage you're pursuing. For instance, government-backed loan programs may allow for lower down payments, but they
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