Baoriat Real Estate Limited

Over the years, property fraud in Kenya has been rampant. Property fraud is defined as the act of stealing property. For instance, a fraudster could forge a document to convince a mortgage lender that he or she owns the property and mortgage your property without your knowledge . One of the primary elements that heavily affects property buyers and property owners as well is property fraud. It’s time that we should all be aware of different forms of property fraud and learn how to prevent being victims of this kind of evil that is in real estate industry. These forms of property fraud are; Foreclosure relief (Foreclosure fraud) Foreclosure fraud/ relief happens when a property buyer experiences difficulties in making mortgage payments. To exemplify; a fraudster approaches a property owner with issues concerning his or her mortgage payment. Afterwards, he goes extra miles and offers loans and monthly payment schedule that is relatively at a lower price for the transfer of the propert...

It is of great importance for any property investor to carry out site visit before deciding whether or not to purchase the property. Being confident that the property (land) is a good match with what you are looking for, is the key in making successful purchase of whatever kind of property you would like to own. Here are some of the things pay attention to during site visits: Proximity of social utilities/ Public utilities. During site visits, pay attention to the closeness of the available social utilities such as water source and electricity. As much as the map indicates that all these are available, it is very important to go and confirm on your own. Find out whether you’ll face any setbacks in getting electricity or water in your home. Confirm whether the property is a freehold property or a leasehold property. Ensure that during site visit, the property owner has to confirm whether the property is a freehold or a leasehold. What is the difference between a freehold propert...