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You may be wondering on the process of buying and selling property in Kenya and the factors you need to consider when you are buying or selling property in Kenya. Some question pop up or are triggered when it comes to buying and selling property and you may need the legit one. In whichever side you fall, either the buying or the selling of the property, there is always a legal process to follow and which helps you avoid cases as well as fraudsters on your way of bargain. When you have worked hard, there is nothing else that matters to you when it comes to business than saving your coins and here are some of the precautions you would take when it comes to investing in real estate in Kenya. Taking the necessary precautions is Kenya in every industry, real estate inclusive.
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Real estate industry {that is the buying and selling of property} in Kenya is a huge investment and requires big decisions. Before purchasing or deciding to let your property go off, take your time and consult. It is a huge decision that requires attention, consultation, research and comparison between one property and the other. A lot of variables influences the way you purchase your property or the way you sell your property. If buying, you need to make sure that the amount you are about to cough out is the amount worth or not and if selling, you need to make sure that the valuation is right at the time of sale. Most of the components in real estate industry are assets and increase in value. How it was last year may be different this year.
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In buying and selling of property in Kenya, make sure what you are about to work on is legit. Everyone is trying to survive and therefore anything can happen. Faking documents is not that hard and you can skip that. Before any decision, make sure the documents are legit and if you do not know to verify that, you can ask your surveyor or lawyer to help you out. If you are not careful, you could be a victim in an illegal real estate business without your knowledge.
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It is very necessary and important to visit and see the property you are buying. Do not just send people and trust them in this business. Avail one or two days for property inspection yourself. Before you put your signature on any document, make sure that you know what you are putting signature to. It doesnβt matter if it is the company buying for you or it is your close person that is doing it for you, see what you are buying and if selling, let your buyer know what they are purchasing. Let them inspect what they want to avoid issues in future and dissatisfaction of the clients.
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When it comes to investment in real estate industry, there are so many channels that you use. The channels in this case includes the individuals you use throughout the process of purchase or selling. Depending on the side you fall in, the common class of people include; a lawyer, a surveyor, a listing agent and the buyerβs agent as well as witness. In any of these individuals make sure you use the right people. Also, if you are buying through a company, make sure that it is a credible company, not companies associated with conning people. At least when doing your research, make sure that they you have inquired from people who have dealt with the company before.
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Every decision you make in real estate industry requires you to take precautions. Make a wise decision. For more advices and the strategy to help you through the real estate industry, like our page UrbanNest as well as follow us. Feel free to leave us a comment and like our page.