Place Poa

28/08/2023

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28/08/2023

Upon receiving information about the intention of the land owner to sell a property which the prospective buyer is interested in, the first step should be to visit that property. Performing a land search and visiting the property will give you an opportunity to interact with the seller, area local authorities, neighbours, and persons in occupation (if any) which will help a great deal in confirming true ownership of the property.

28/08/2023

Whether guided or not guided by a lawyer, a land sale agreement should either be drawn by the buyer or if drawn by the seller the same should be thoroughly reviewed by the buyer. This is because the weaker party who needs protection by the said sale agreement is the buyer.

28/08/2023

When coming up with a price for your vacant land, it is important to look at the neighbouring prices to get a rough idea of how to price yours. Without proper research, you might price your land too high which can immediately chase away potential buyers.

28/08/2023

Direct selling or via an agent. Which is better? Property owners have a choice between using an estate agent to market their property or selling privately. There are benefits to using both and it is up to you to decide which option to take. Selling privately has an obvious cost benefit and puts you in control of the selling process. You get to decide who to show the property to and when to allow buyers access to your home. You, as the seller, also have intimate knowledge about the home’s history and the area, and will be able to add value to the buyer. Sellers should however have some knowledge of the property market and decent negotiation skills if they decide to go down this route.

22/08/2023

Before you pay for a piece of land, have a physical meeting with the seller. Whereas online or remote transactions are growing popular and very convenient today, they are susceptible to fraud by fraudsters who may take advantage of you.

21/08/2023

Buying a vacant land is very different from buying a home or office building. When you buy a developed site, you’re buying a structure that already has water and electricity set up and you usually know what amenities are close by. But, when you buy a vacant land, you need to consider a few more factors, such as future time and capital involved in the purchase.

20/08/2023

Whether you’re looking for a city apartment or a family home in the suburbs, the process of buying a house in Kenya is relatively straightforward, as long as you have a big enough downpayment.

19/08/2023

When buying a property, look to buy at 70% to 80% of your affordability so you have a buffer for potential increases in interest rates, costs of ownership, rates and taxes, and levies.

18/08/2023

When you reach a point where you are speaking to the current landowner of a desirable plot, you should keep several core questions in your mind to avoid problems further down the line.

17/08/2023

A land sale agreement is a legally binding document that clearly outlines the terms and conditions for the sale of a property between two parties.

17/08/2023

Land ownership is an emotive topic in Kenya. When buying land in Kenya, one needs to be keen so as not to be conned. A land sale agreement can be binding if it is done in front of an advocate or witnesses.