Here's how it usually goes. A family owns a house in Benin City. Maybe it was inherited, maybe Dad built it back in the nineties. A caretaker, an uncle or a local agent says it's worth β¦42 million, and for years nobody questions that figure.
Then it's time to sell. A buyer offers β¦53 million. A few weeks later they come back with β¦62 million. Next to β¦42 million that feels like a win, especially if you're in London or Houston and can't just drive over and have a look.
Meanwhile, land in the area has gone up. Cement, blocks and labour cost far more than they used to. Houses like it down the road are selling for a lot more. Put all of that together and the place could be worth around β¦110 million. Accept the β¦62 million and the family loses about β¦48 million, just because an old number never got checked.
That's why we built HEEEVEN. You shouldn't have to take anyone's word for what a property is worth. We show you the land prices, building costs, similar homes and rents behind every estimate, with the date and how sure we are. Then you decide.
