This has been a fast growing sector over the last couple of years. It has so many to deliver to the stakeholders’ i.e. the Land owners, properties buyers, Properties seller, local residents and even expatriates communities that want to invest in the kisumu real estate business in Kisumu County.
The very first move you will want to ascertain who exactly owns the land/ property and ensure that you are actually buying from a truthful and legitimate Owner/ seller. This is specifically done to curb land grabbers, fraudsters, greedy land agents and lawyers.
There are some lawyers whom land owners entrust with their properties, therein whenever client is in need of the particular property; they tag along outrageous prices just to fatten their pockets. This trend has also been noticed in Kisumu County whereby Agents with brief case offices with zero legal document of operating kisumu real estate business very often nurture this greed and shameful act of over quoting the real property price to the prospective buyer. This nuisance has derailed the real estate growth within the lake side city by a huge percentage, where the willing buyer and willing seller act is barricaded partially.
Secondly, you will also need to get each of the necessary documents regarding the property e.g. title deeds, grants, certificates, land treaty etc these documents e.g. the title deeds will have to be reviewed by the Government through the land registrar offices and still have a land valuation performed to the property on the market. There's a fee for all of these searches and inquiries which might be at the buyers expenses.
Thirdly you will need to take a look at documents on your own and be associated with all steps relevant to the purchase of the property. You also might want to engage a private lawyer to help you review the documents as a precaution well before you make any payment to that seller.
From here if things are all proper and the land doesn’t have any disputes or squabbles, then you have the green light of paying either the ten percent of the property as the norms or perhaps paying at once, the choice is yours. Though it’s a smart idea to pay 10 percent during search then completion when the results are out hence positive and equivalent to what’s written on the title deed.
For more exciting information regarding Kisumu real estates in Kisumu County, feel free to visit www.westkenyarealestate.com