Bank Property For Sale In Uganda
What Is Bank Property?
Bank-owned property, also known as real estate owned (REO) property, is a designation given to properties that were not sold during a foreclosure sale, and thus are added to that foreclosing bank’s inventory. Bank-owned properties tend to have low interest rates and low down payments.
Bank Property For Sale In Uganda
Kyanja 16 unit 2 bedrooms apartments
USh 1.950.000.000
1bdrm Block of Flats in Kyaliwajjala, Kira
USh 2.100.000.000
5 Bedroomed Home up for Sale in Namugongo
USh 350.000.000
4bdrm Maisonette in Namugongo-Joggo, Central Division
USh 250.000.000
House for Sale in Namugongo
USh 270.000.000
4bdrm Bungalow in Namugongo, Central Division
USh 270.000.000
2bdrm Apartment in Bweyogerere-Kirinya, Central Division
USh 350.000.000
3bdrm House in Kyetume, Mukono TC
USh 35.000.000
5 Bedroomed Shell House for Sale Buwate
USh 500.000.000
4bdrm Apartment in Bweyogerere- Kilinya, Division B
USh 700.000.000
Furnished 2bdrm Apartment in Kyanja, Central Division
USh 570.000.000
Is it best to have money in bank for buying home In Uganda?
If you have the funds, paying all-cash for a home definitely saves you money, since you won’t have to pay any of the costs associated with a mortgage. The origination fee and other closing costs can add up to 2 to 5 percent of the purchase price.
How does bank value property for home loan In Uganda?
A loan-to-value (LTV) ratio in home loan is the percentage of the property value that a bank or financial institution can lend to a property buyer. Lenders examine the LTV ratio before approving a home loan to ensure that they do not lend an amount that is higher than the property’s actual price.
Is it safe to buy property from bank In Uganda?
The advantage in buying from a bank auction is that buyers get the property at a reasonable price and generally at a discount to the market rate. However, don’t let the lower prices lure you into a deal that you won’t like later. “It’s safe to buy a property in an auction.
How do banks calculate the value of a property In Uganda?
Banks and other valuers use different tools to do a market related price valuation, one of which will be a Comparative Market Analysis (CMA). This helps set a realistic value for the home by comparing it to similar properties in the area that have recently sold.
What happens if bank values property less than offer In Uganda?
A lower valuation result often means you can’t borrow as much money. This is because a lender will use the lower of the purchase price or the valuation to determine the Loan to Value Ratio. If you can’t borrow as much money to purchase the property, you will need to contribute additional cash.
How do banks evaluate a property In Uganda?
The mortgage valuer decides the current market value of the property based on: recently completed sales of similar properties in the area; the current condition of the property; and. their opinion of the local housing market.
What are the disadvantages of buying a property In Uganda?
You’ll be paying interest. The interest and fees you pay over the life of a loan can be significant.
There are opportunity costs.
Ownership costs are more than just a deposit and loan repayments.
Can you sell properties back to the bank In Uganda?
The answer to this question is yes, you can give your house back to the bank to avoid foreclosure in a process known as deed in lieu of foreclosure. Before pursuing this option, first look into a short sale, loan modification, or simply selling the property.
What happens if bank valuation is higher than offer In Uganda?
If there’s a big difference between your offer and the valuation, giving you a home loan may put your mortgage lender at more risk than they’re willing to accept. This could lead to your mortgage application being declined.
Where can I buy Bank Property In Uganda?
Access Property Management Uganda Ltd
Bombo Rd, Kampala, Uganda
+256 758 600429
Uganda Property Promotions Ltd
Plot 33 Nkrumah Rd, Kampala, Uganda
Public Trust Property Agency
Old Butabika Rd, Kampala, Uganda
Spectrum Real Estate Solutions and Property Management Uganda
Old Kira Rd, Kampala, Uganda
Real Estate Database (RED)
Office #8, Plot 24, Sir Apollo Kaggwa Road, Bifro House, Kampala, Uganda
+256 705 162000
Property Ventures Uganda
Kampala, Uganda
Home Connect Properties (U) Ltd
Nansana Masitowa Opportunity Bank Building Level 2 RM-B3, Kampala, Uganda
+256 704 441582
Property Ventures Uganda
Kampala, Uganda
+256 706 898178
Walisa Property Agency
Rofra House, Kampala, Uganda
+256 701 966945