Buying land in any part of Kenya always comes with its own risks. There are high chances and likelihoods of a buyer falling into the hands of conmen/women out to take advantage of the high demand in the sector.
If you are a person interested in buying land, be ready for
the risks – but most importantly, be keen to follow due process – it helps
reduce the risks involved.
Talking of due process, if you want to buy land, the very
first step involved is identifying the piece of land/property that you want to
purchase. Get the land’s title deed copy from the owner/company and then be sure
to do a search at the Land’s registry.
Probably you have read tens of times about land search – this
is an important step that will enable you to know the actual location of that
piece of land, its size, real owner, and any issues attached to it (maybe it has
been used to take an unpaid loan, etc).
After the negotiation, the buyer obtains two maps (one drawn
to scale and another with an overview of the land showing adjacent lands) from
the Ministry of Lands or a surveyor. The buyer, seller, and surveyor then
visit the land to verify the measurements.
Once verified, the seller’s advocate drafts a sale agreement which, once
executed, the agreed-upon deposit is paid by the buyer. The next thing one
does after executing a sale agreement is ensure the seller has no pending
land rates, which is a tax obligation for all landowners.
The transfer documents will only be approved after receiving consent from the
Lands Control Board which comprises commissioners and elders from where the
land is being sold. The valuation of the land is then made by a government
valuer who will determine the true value of the land and how much one will pay
for stamp duty.
Once the registration process is complete, the buyer becomes the official owner
of the land and the remaining amount as agreed in the sale agreement is
completed.
What are the Red flags to look out for?
If you are buying from an individual, always insist on meeting or dealing with
the owner of the property. It is also good to get to know why they are selling
the land. Most people have fallen victim to con people because they trusted
brokers thinking they are the real owners.
The best way to avoid this is working with a trusted real estate company that
has been in the business for some time. If the person claiming to sell the land
refuses to provide a title deed for you to conduct a search at the Ministry of
Lands, then you should have a reason to be worried.
If the land has any unpaid land rates, then you should have a reason to worry
because as soon as it becomes your property, you will be held liable for not
submitting the rates. It is also good to know what the land was being used for before it was put up for sale. This way you cannot be sold land that is unfit
for human habitation.
You also need to know the availability of basic resources around the piece of
property as well as the availability of amenities that will make your life
comfortable.
Find Property in Uasin Gishu County
Baoriat Agencies
Call: +254 721-554-937
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
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