How to Sell a House in Kenya
Despite its many political and economic challenges, Kenya is still a great place to live and work. If you’re considering selling your house in Kenya, you should keep a few things in mind.
However, things happen, and you may wish to sell your house. But the best thing you should do is to take it slow. Do not rush selling your house not unless you are relocating. However, you can still relocate and start an Airbnb business with your house if it’s in a tourist attraction site.
Key Things to Consider When Selling a House in Kenya
- You should have a realistic asking price.
Don’t try to inflate your asking price because you think you can get more money for your house. Inflating your asking price will only discourage potential buyers from considering your house.
It’s important to consult with a real estate agent to get an accurate estimate of your home’s value. In addition, research the home prices around, and you will come up with a realistic and affordable asking price. You can also leave a small room for negotiations.
- Stage your home in a way that will appeal to potential buyers.
This means decluttering your home and making it look as spacious and bright as possible. You might also consider hiring a professional home stager to help you prepare your home for sale.
You can do repairs on broken things in the house to ensure you are selling a quality house. In addition, a well-maintained house discourages negotiation. After all, you’ll will have a strong point to stand firm with your final price.
- You should market your home effectively.
This means creating a listing that accurately reflects your home’s best features and using high-quality photos to showcase it in its best light. You can advertise your home here on our website to reach potential buyers faster.
You should also consider using online marketing tools to reach a wider audience of potential buyers. Social media is a great tool to advertise your home to potential buyers. In addition, you can also sign up for Google Ads, and they will place your ads in convenient places with target clients.
The Process of Selling a House in Kenya
The process of selling a house in Kenya generally involves finding a buyer, negotiating a price, and then transferring ownership of the property.
Step 1: Find a buyer.
This can be done through a real estate agent, by advertising the property for sale, or by word of mouth.
In most cases, real estate agents have a list of many houses on sale in different regions. So, if you can engage several agents, you can get your clients faster. After all, you will pay them just a small percentage of the selling price if you close the deal.
You can also take advantage of social media and Google Ads to advertise your home. In addition, if you are able, go for local TV channels and Radio stations in Kenya. It’s more expensive than Google ads or social media, but the results are high because you reach more people.
If people are interested, go for those with a proof of funds letter to help save time.
Step 2: Price Negotiation.
Once you get a buyer, the next step is negotiating the house price. The real estate agent can negotiate the price on your behalf and will act as a mediator between the buyer and the seller.
However, let the agents know they cannot undercut the selling price beyond the current market.
Step 3: Signing of Documents
Once a price has been agreed upon, the next step is to transfer ownership of the property. This is done by signing a sales agreement, which is then registered with the Land Registrar.
Both seller and buyer should have their attorneys and witnesses while signing the transfer documents. As a seller, you should only sign the transfer documents once you have the cash in your bank account.
The Benefits of Selling a House in Kenya
There are many benefits to selling a house in Kenya.
-One of the main benefits is you can get a good price for your house.
Kenya is a country with a lot of potential, and there are many people who are looking to buy property in Kenya. If you manage to sell your house at a good price, you will make a good profit.
-Another benefit of selling a house in Kenya is that you can find a buyer quickly.
There are many people who are interested in buying property in Kenya, and you will be able to find a buyer in a short period of time. However, ensure you use the best advertisement channel to reach target buyers.
The Challenges of Selling a House in Kenya
One of the biggest challenges of selling a house in Kenya is finding the right buyer. There are many factors to consider when selling a house, such as the location, the property’s condition, and the asking price. It is important to find a buyer who is willing to pay the asking price and is also interested in the property.
Another challenge of selling a house in Kenya is the paperwork. A lot of paperwork is involved in selling a house, including the contract of sale, title deeds, and transfer of ownership. It is important to ensure that all the paperwork is in order before selling the house.
The last challenge of selling a house in Kenya is the transfer of ownership. Once the buyer has paid the asking price, the transfer of ownership needs to be completed. This can be challenging if the buyer does not have the required documents.
Tips For Selling a House in Kenya
- Make sure your house is in good condition before putting it on the market.
Therefore you should repair any damage, paint any required areas, and ensure that the overall appearance of your house is appealing to potential buyers.
- Work with a real estate agent who is experienced in selling houses in Kenya.
They will be able to help you set a competitive price for your house and market it effectively to potential buyers. Buyers usually find real estate agents to help them get the best houses. So, working with an agent can help you get a buyer faster.
- Advertise your house in multiple places.
You can place your house for sale on online listings, print advertisements, and signs around your neighborhood.
- Be prepared to negotiate with potential buyers.
This is a common part of the selling process, and your real estate agent will be able to help you with this.
- Have all the required paperwork in order before selling your house.
This includes things like your title deed and any other documents required by Kenyan law.
Bottom Line
Selling a house in Kenya is easy if you follow the required procedures. The biggest challenge when selling a house is the documents like title deeds. Therefore, ensure your documents are real and can be confirmed with the Ministry of Lands Kenya.
Frequently Asked Questions
What’s the Full process of selling a house in Kenya?
You find a potential buyer through advertisements or real estate agents
Negotiate the asking price with the buyer
Get paid
Close the deal by signing the transfer documents
How do you sell a house faster?
A well-known real estate agent in your area can help find a buyer faster because they interact with buyers frequently. Furthermore, listing your house on a website with high Kenyan traffic can help.
What makes a house difficult to sell?
You can experience a hard time if your ownership documents are not authentic. In addition, a badly maintained house is very challenging to sell.
