Important things to consider while investing in Kisumu real estates

This has been a fast growing sector over the last couple of years. It has much to offer to the stakeholders’ i.e. the Land owners, properties buyers, Properties seller, local residents and also expatriates communities that want to spend money at the real estate business in Kisumu County.

The initial move you'll need to ascertain who exactly owns the land/ property and ensure that you are buying from a truthful and bonafide Owner/ seller. This is often specifically done to curb land grabbers, fraudsters, greedy land agents and lawyers.

There are a number of lawyers whom land owners entrust with their properties, therein if the client is in desperate need of that 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 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 definitely need to get all of the necessary documents for the property e.g. title deeds, grants, certificates, land treaty etc these documents e.g. the title deeds ought to be reviewed by the Government via land registrar offices and also have a land valuation performed to the property on the market. There's a fee for all these searches and inquiries which might be at the buyers expenses.

Thirdly you might want to take a look at documents on your own and be associated with all steps linked to the purchase of the property. You also are required to engage a private lawyer to help you out review the documents as a precaution before making any payment to that seller.

From here if things are all proper and the land doesn’t have any disputes or squabbles, then you now have the green light of paying either the ten percent of the property as the norms or even paying suddenly, it's up to you. Though it’s recommended that you pay 10 percent during search then completion when the results are out hence positive and similar to what’s written on the title deed.

For more exciting information about Kisumu real estates in Kisumu County, feel free to visit www.westkenyarealestate.com