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Foresight – a very important quality of a real estate investor

Posted by admin on July 6, 2018
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Foresight is a very important quality of a real estate investor, one which must be possessed when it comes to investing in real estate.

Foresight is simply knowledge or sound judgment into a future event that may or may not occur. That is, the ability to judge correctly what is going to happen in the future and plan your actions based on this knowledge. A person can develop a sense of foresight through current knowledge, past experiences with similar situations, or simply through intuition.

I’d like to share my discussion with Mr. Matthew. I call him the man with great foresight.

I engaged Mr. Matthew in a discussion on our way to inspect land in one of our estates and what he said amazes me. I wish everyone would have the kind of foresight he has.

In his words, he said “I don’t want a property close to Ajah and Sangotedo, I want properties at that Ibeju-Lekki. That area that is fast developing”.

I pushed further to ask what he knew about Ibeju-Lekki and he replied “I have been listening, reading and watching the news on how the development in Ibeju-Lekki is growing. Development like the Free Trade Zone, Dangote Refinery, some industries like Kelloggs that produce cornflakes, Power oil, Elegant and some other government owned companies like the seaport and airport.”

I had to listen as he continued. He said “I know with all these development, Ibeju Lekki will be as developed as V. I, Ikoyi, Banana Island and the rest and all focus will be in that axis”. “I know land in that axis is becoming more expensive daily.” Smiling, he said “Let me start buying now o, I can’t wait till that time when it will be too expensive”.

It was a great discussion with Mr. Matthew. He is one of the few clients I’ve met who thoroughly understands the development going on in the Ibeju Lekki area of Lagos State. He practically lectured me on what would become of Ibeju Lekki and told me his investment plans.

I was delighted and saw wisdom in this great man. At the end, Mr. Matthew bought 2 plots in one of our Estates and promised to buy more. You too can be like Mr. Matthew, he possessed the quality of real estate investor and I call him the investor with a great foresight.

Buy into any of our Estates at Ibeju Lekki and watch your investment grow before your eyes.

 

Shared by: Kareem Adebayo

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