WHY THE REAL ESTATE DÁTABASE (RED) DOESN’T HAVE SALES TRANSACTION DATA.
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Ever wondered why you can scroll through local property portals all day and still not see the actual transaction history? That's because property sales in Uganda don't play out like stock trades with neatly published figures, and thus The Real Estate Database (RED) doesn't have property sales transaction data, and for good reason. Property deals and related transactions are usually closed offline, away from the spotlight, often behind closed office doors or at someone's dining table.
"So, what's the last price?" said every curious buyer.
What you see online on RED are asking prices. Think of them as price tags in a shop window, except in real estate, those tags are always negotiable. When the sales agreement hits the table, the final figure can swing lower depending on the parties involved. Some agents reading this might nod in agreement, you've probably had a buyer whisper, "But I got it for much less than what was listed." That gap between the asking price and the signed deal is where the magic (and sometimes the headache) happens.
Now here's the kicker: if you're an agent banking only on that initial online sticker price without updating, nurturing, or negotiating strategically, you're leaving money, and credibility, on the table.
Isn't it risky leaving buyers in the dark?
Yes and no. On one hand, buyers crave transparency. They want to know if a four-bedroom duplex in Naalya sold for 450 million or 500 million. On the other hand, sellers don't always want their business plastered online. Imagine an investor selling off an apartment block quietly, broadcasting that figure could spark unnecessary competition or even family drama. That's why these things stay offline.
But here's where it gets interesting for agents. Since RED only publishes asking prices, it levels the playing field for you. It gives you the spotlight to step in, guide, and negotiate. If you know your market inside-out, you can position yourself as the expert who bridges the gap between what's online and what's real. Isn't that the sweet spot we all want?
Let's face it, relying on whispers is not a growth strategy.
You've probably heard agents grumble, "We don't know what properties really sold for." True, you won't see hard sales transaction data on RED. But here's the danger, if you wait around hoping for some magical database of closed deals, you'll fall behind the agents who are already leveraging RED's asking prices to spark conversations, capture leads, and build trust.
Think about it: a buyer sees a house listed at 300 million on RED, clicks through, and calls you. At that moment, do they care about past transactions? No. They care about what you can do right now. Can you walk them through the property? Can you explain why the asking price makes sense? Can you negotiate it down without losing the deal? That's where RED becomes your property marketing machine, not just a classifieds board.
Are you playing the long game, or just playing catch-up?
Every agent knows the market shifts fast. One month, buyers are chasing apartments in Najjera, the next month it's plots in Kira. If you're not consistently listing, updating, and engaging through RED, you're basically playing catch-up. And we all know what happens when you're always late to the party, someone else walks away with the commission.
The Real Estate Database (RED) doesn't have sales transaction data, and that's fine, because it's not designed to close the deal online. It's designed to open the door, to put you in front of serious buyers, and to showcase your inventory in the best light possible. The rest is on you, your hustle, and your negotiation skills.
So ask yourself, are you waiting for perfect data that may never come, or are you leveraging the data you already have to create opportunities? Because in this game, opportunities don't wait around, they get snapped up by the agent who shows up on the RED first.
Kind Regards Julius Czar Author: Julius Czar Company: Zillion Technologies Ltd Mobile: +256705162000 / +256788162000 Email: Julius@RealEstateDatabase.net Website: www.RealEstateDatabase.net App: Install the RED Android App Follow me on: Twitter, LinkedIn, Facebook.
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