Baoriat Real Estate Limited

Due diligence in Real estate is defined as the duty or responsibility of the property buyer to conduct a research on the property to govern whether they (property buyer) are contented.  Basically, in simple words, Due diligence is also doing your homework before buying any real estate property. What are the factors one should consider when carrying out due diligence on property? The following are the factors to consider when carrying out due diligence in Kenya; 1. Market equilibrium. When conducting Due diligence on property, it is very necessary for you as the property buyer to understand the market so as to avoid instances where you will be overpriced.   Equilibrium  is the state in which  market  supply and demand balance each other, and as a result, prices become stable. 2. Property review. After you have confirmed that the property exists, scrutinize that property thoroughly to ensure that there isn’t any fault. You can choose to hire a home inspector for professional c

Residential space in Kenya In Kenya, most investors are now investing in real estate due to the positive cash flow attach to every property. In return, they gain financial freedom and secure their goals as well. Annually, Real estate appreciates in value not only in Kenya but also worldwide. Here are the reasons why there is a significant increase in value of real estate property specifically in Kenya; 1. Rapid growth in population. With rapid growth in population especially in urban areas, most Kenyans have to provide shelter for their families. This definitely results to high demand for more real estate residential projects (housing projects). In other words, this means that increase in demand of more homes directly translates into faster population appreciation in Real Estate prices. 2. General behavior of fiscal inflation. Yearly, property is evidently expensive to develop and also maintain. This becomes a concern due to steady increase in price of construction materials or

Agricultural land for sale. Whilst property fraud comes in various guises, here in Kenya, there are several instances where land owners have had their property fraudulently sold without their consent. Dishonest solicitors, false witnesses, forged signatures in land transfer deeds are the usual ingredients in the mix for property fraud in our country.  Baoriat Agencies    has therefore compiled this awesome piece to enlighten you on how to avoid being a victim of land fraud when buying property in Kenya. 1. Be conversant with your land agent. Knowing your agent or broker is one of the ways to curb land fraud in Kenya. Ensure that the very first person you contact before purchasing your property is the land agent of that particular property. Ask for copies of their proper identity like confirmation of their registration with Real Estate Agent Board and national identification card just to be sure that you are dealing with the right people. 2. Know the land owner/ seller. If the l

Real estate houses in Kenya In Real Estate, Lead generation is a process or rather an action of stimulating and cultivating potential customers for a business's products or services. How can someone find quality Real Estate lead generation? Here are the major ways you can always go for and how to convert those leads once you have them: Contact your sphere. It is actually very important to make contacts with your sphere. This is one of the ways to generate quality leads as a Real Estate  Investor. Make your customers aware that you are taking new listings. Communication! Communication! Communication is indeed very vital in any kind of business. As a matter of fact, good communication with your clients  would truly do you good. Give them a call just to check on them and know their whereabouts. Note that you may make countless calls before you really get desired results. Don't despair! Call expired listings. Expired listing is regarded as the most qualified lead that exists. You c

Photography of a raw land in Kenya. Do most people in Kenya prefer to invest in Land? Of course yes! Land or real estate at large is one of the greatest investment we have here in Kenya. You want to find out how and why? This article will answer all your questions concerning importance of land investment. In comparison to other investments we have in our country, land investment/Real estate investment stands out. 1. Land appreciates fast. Unlike other commodities, land's value keeps appreciating with time. Here in Kenya for example, when you compare the price of land you bought five years ago, the same size of land today has relatively appreciated in terms of value and price. Being a scarce commodity in Kenya, land is treated as  precious as gold. Owning that piece of land is indeed a privilege.  In addition, If you conduct your due diligence correctly and make sure that the piece of land is in a path of growth, you might end up making as much profit as five times the original pric

Every individual who owns a vacant land or raw land can tell you how hard it is to actually sell it compared to selling existing property like a home. This is because it is bare land which makes it difficult for potential buyers to visualize the potential of the property and see its value. You just need to tailor your tools, strategies and focus for selling this type of property. Here are the tips on how how you can minimize the sales cycle and help you get fast money from your land. 1. Price your land right. Coming up with the right price for your land is one of the fastest ways of selling off your vacant land  in Kenya. To achieve this, you can either: Talk to a Real Estate Agent who can guide you further on how to price your land basing on how other people in the same area are selling their land. Alternatively, find a Real Estate Professional who will help you valuate the property. You might fall in a trap of setting a price which is not in line with market prices. Most land sellers

Finding a place to call your own home is totally a great feeling anyone can experience. The following are take-home things you need to put in consideration before buying a home here in Kenya especially for the first time home buyers; 1. The type of a home that suites your needs. When purchasing a residential property, you have multiple options. For example; a townhouse, a condominium, a co-operative or a multi-family building with up to four units. Whichever option you go for, always remember that it comes with its package of pros and cons basing on your home-ownership goals. Therefore, you need to decide which type of property will help you attain your goals. You could also save on the buying price in any category by choosing a fixer-upper. Although the amount of time, sweat equity and money involved to turn a fixer-upper into your dream home might be much more than you bargained for . 2. Features your ideal home will have. You deserve to have a home that fits both your needs an

Initially, The Ministry of lands and physical planning had nine steps involved in registration of new property. It was then simplified into three legal processes in order to make registration of property easy which was formerly tiresome. The three new legal steps include: Step 1: Procuring land rent clearance and consent transfer.  This  stage involves Procuring land rent clearance certificate and consent to transfer. Requirements needed in procuring and land rent clearance certificate are; Dully filled application forms, copy of titles and land lastly, land rent payment receipts for current year of payments made through RTGs and itax transfer. Under consent to transfer, the following are required: a copy of title and duly filled application forms, application letter from registered owners/authorized agent or even advocate. Maximum of five days is taken to conclude this stage. Step 2 : Valuation Requisition. Site visitation and report writing falls here. The stage is expected to