Skip to main content

How To Avoid Fraudsters When Buying Land: 5 Things You Must Establish

Image
By

 

Buying and selling of land are one of the booming businesses today in Kenya. With billions of money in the industry, there are usually individuals out to take advantage - and if you are not keen you might fall prey to fraudsters.

To be on the safe side, here is a list of basic things you need to establish before finalizing that deal of buying land;

1. Does the land exist?

This is the first important thing that you need to establish. The best way to confirm that the land really exists is by physically visiting it. The trick here is never to believe in photos, always insist on a physical site visit.

Aside from the site visit, do a land search for that piece of land that will among others let you know the real owners and its actual location.

Find Property in Uasin Gishu County
Baoriat Agencies

Call: +254 721-554-937

2. What's planted in the land

When looking for agricultural land, always establish the kind of crops that they land you intend to purchase is currently being planted.

3. Is the person selling the land the owner

I'm sure you have heard of people buying land from individuals who are not the actual owners -basically buying air. A land search will help tell whether the person selling the land is the actual owner or not.

4. Is the land attached to a bank?

This is a critical question that you must always find an answer to. If you buy land attached to a bank that is, the owner used it to get a loan, and he/she is yet to clear the loan, you run the risk of ending up seeing the land auctioned to recover the loan.

Always ensure the land you purchase has no pending loans or any attachment with financial institutions.

5. Is there a dispute on the ownership of the land?

Never buy a land that has a dispute. It is as simple as that.

Buying land whose ownership is in a dispute is basically inviting trouble as you will be sucked into the dispute.

The bottom line here is that always carry out due diligence before executing a sale agreement, and before paying any money to purchase a piece of land.

It is also safe to involve a lawyer in the land purchase deal - he can come in handy to handle matters that might look ordinary - but would turn into a nightmare in the future.

In case you suspect a case of fraud or conman ship at any point of looking to buy land - the first stop should be the police station where you will be advised on where to take be it documents like title deeds for examinations.

Baoriat Agencies is committed to helping you find the best place for you to settle in Eldoret town. We walk you through the entire process of acquiring your own property in Eldoret until it has been transferred into your hands.

To learn more about buying a property in Eldoret, 

Call 0721-554937

WhatsApp  https://wa.me/0721-554937  

Email evekibet@gmail.com or 

Visit us at  Juma Hajee Building room number 16, Eldoret town 

Follow our Facebook Page Boariat Agencies for the latest deals.

Comments

Post a Comment

Popular posts from this blog

Major Streets in Eldoret Town – Perfect for Mega Investments

By
  If you are looking for a place to put your investment in around Eldoret town, then consider the Central Business District (CBD). With the growing population that is pushing the expansion of Eldoret town – which is currently an economic, education, sports, health and a transport hub for at least 23 counties in the North Rift region and Western Kenya, this Uasin Gishu’s capital is the best bet for your investment. The Eldoret CBD is comprised of FOUR major streets where you can be sure your investment of whatever kind will give you maximum returns. Here are the four major streets in Eldoret CBD: Ronald Ngala Street When you are coming into Eldoret town from Nairobi through Nakuru Highway, this is the first street you will come across as you enter the CBD. Just at the start of Ronald Ngala Street is the iconic Barng’etuny plaza – one of the oldest buildings in the town. Opposite it is several banks including Bank of Africa, Sidian Bank and Cooperative Bank. Other key fac...
Post a Comment
Read more

How Women Can Protect Their Property Rights After Marriage

By
They say property has no gender, but history shows a different reality, where property ownership has favoured men. This inequality is still evident, especially when it comes to inheritance after the death of a spouse.  Even though Kenya’s 2010 Constitution guarantees equal rights for men and women, many women still struggle to secure their rights to property. So, how can women make sure their rights are respected after marriage? Baoriat Agencies explains six key ways to ensure fair property distribution in case of death or separation. 1. Registering Jointly Owned Property  When a couple buys property together, it’s important to register it under both names. This guarantees that the other automatically inherits the property if one partner dies. Make sure both names are clearly listed on the title deed as co-owners. 2. Joint Tenancy or Tenancy-in-Common There are two ways to share property: Joint tenancy : If one partner dies, the other automatically becomes the sole owner. Tena...
Post a Comment
Read more

List of Popular Gated Community Estates in Eldoret Town

By
  Eldoret town is home to over 10 residential estates that house all types of people – from the lower class to the affluent. Some of the popular estates include Kapsoya, Langas, Kimumu, Huruma and Annex among many others while there are several other upcoming residential estates like Juniorrate, Action and Pioneer which are not yet fully developed. Apart from the above-mentioned estates, we also have several gated estates, accommodating the rich and affluent in Eldoret. Also Read:  List of Estates within Eldoret Municipality A gated community is a form of residential  community  or housing estate containing strictly controlled entrances for pedestrians, bicycles, and automobiles, and often characterized by a closed perimeter of walls and fences. We take at some of the popular ones in Eldoret town, most of which house the affluent. Kenmsosa Village This is a gated community estate that houses not only residential homes but also has a resort. Kenmosa village ...
1 comment
Read more