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 Onile sets out to solve.
Onile Properties 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 72 hours, and reselling same below market rates to interested buyers. This means that Property owners can cut out property agents, reach Onile directly, and get payment for their property in 72 hours.
Property owners who have property available for sale can visit www.onile.ng, 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 Onile 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, Onile makes them an offer, and concludes verification and payment within 72 hours if the offer is accepted.