PROCESS OF ACQUIRING PLOT FOR SALE FROM DIASPORA
Many Kenyans living and working in diaspora tend to invest in plot for sale back in their home country, due to its low maintenance and potential for appreciation in value. Real estate companies in Kenya have adopted digital solutions to make it easier for potential buyers to access information and make purchases.
One of the major reasons they choose to buy land is because it needs very little or no maintenance at all once purchased. And the value of land increases, if one changes their mind to dispose-off of the property, it can be done at a profit.
Most real estate companies have adopted digital solutions as part of their wider strategy to ensure the company serves all and at all times.
Therefore, you can reach them anytime through social media, email or phone contacts.
So, here is why you need to buy land from the diaspora and steps required hat you need to be aware of:
Once you get in touch with a member of the sales team via their website or social media platforms (Facebook, Twitter, Instagram or LinkedIn), you will get information about their products and answers to any queries you might have:
- The sales representative will then send you a catalog which contains all parcels of land on sale at that particular time for you to choose the one you’d like to buy. Once you make your selection, the sales rep will send you an updated subdivision map of the land.
- You will then send a representative for a site visit; your representative has to be someone you trust. It could be your parent, sibling, wife or friend.
- Once your representative confirms everything including existence of the land and you are satisfied and want to continue to buy, the company will request for your identification documents including; a copy of your passport /ID, KRA PIN and 3 passport sized photos and scanned documents of the same to via email.
- They will then send you a sale agreement which you will be required to fill and sign.
- From her/he you can begin making payments as agreed in the sale agreement to company’s accounts using the agreed mode of payment.
- Once you complete the payments, you or your representative will be given with an ownership certificate both in hard and soft copy.
- You will be in possession of the ownership certificate until the title deed is processed, upon which you will be required to pay title transfer fee of KSh30,000.
- You will then be required to pick the title deed in person or send your representative to pick it with an authorization letter signed by an attorney. A soft copy of the title deed can also be sent to you.