The key to successfully buying Real Estate is to arm yourself with as much knowledge about Real Estate in your area as possible. This can be done by talking to your local Real Estate agent or Real Estate Salesperson, by regularly reading property pages and publications such as the Property classified section, going to open homes due for auctions and by researching on property web-sites, such as this one.
Some answers to commonly asked questions about buying.
What is a Real Estate Auction?
Auction is away of selling property through advertising media designed to capture the maximum attention of buyers within a set time frame. The process is a means of purchasing/selling Real Estate through public negotiations to determine the true market value of the property at that time.
How do I bid at the Auction?
The auctioneer will ask for an opening bid and will then nominate the increments by which the bidding can be raised. Simply attract the attention of the auctioneer by
- - Raising your hand.
- - Calling out your bid.
- - Nodding your head.
The property is always sold to the highest bidder, if you are the successful bidder, you will be asked to pay 10 percent deposit and sign the Auction contract, settlement date for the remainder is often flexible. You should discuss this with the Salesperson prior to the auction commencing.
What documents do I receive after purchase of property?
There are two types of property ownership in Kenya.
This is a 100% ownership of property (land), the only thing you will be paying is the Council Tax, which you can get the details from your local Council Office.
This is normally a property (land), owned by government, companies or individuals who then lease the property (land) from 99 years up to 9999 years to the purchaser, for this type of ownership, the purchaser will be paying annual Land Rates and the Council Tax. You can get the details from your local Lands Office and your Local Council Office.
This is a government tax, which is normally 4% of the purchasing price normally paid by the purchaser together with the legal fees according to your solicitors or lawyers charges.
Before signing any agreement, both the buyer and the Vendor should seek legal advice and the buyers solicitor should carry out a thorough search of the property at the Lands and the Council Office to make sure it is clear from any encumbrance's before making any commitments.
Here are some tips on selling your property.
You can contact us with any enquiries, we are always available to attend to your needs, feel free to contact us at any time by phone or e-mail.
Every seller wants their property to sell fast and at the right price. Well, its not Luck that makes that happen. Its careful planning, knowing how to professionally spruce up your home that will send buyers rushing to your property.
Here is how.
Make some minor repairs such as
- - Replace cracked floors and tiles.
- - Patch holes in walls.
- - Fix leaky faucets.
- - Fix doors that don't close properly.
- - Fix Kitchen drawers that jam.
- - Consider painting your walls neutral colours.
- - Replace burned-out light bulbs.
- - Wash windows inside out.
- - Keep the property generally clean.
Before you start marketing your property, always try to prepare your documents by clearing any outstanding land rates or municipal council rates, as this may delay any transfer of ownership to the buyer.
Exclusive Marketing Plan.
Exclusive marketing, with Mombasahomes.com, this means your property is listed exclusively with this web-site. This does not mean other agencies cannot sell your property, we work with anyone, and we do not place any restrictions on other agencies bringing their clients to your property. Our aim is to sell your property in the shortest possible time.
The services we offer you.
- - Local newspaper adds through our web-sites.
- - International marketing through our web-site adds in Europe, UK, USA, Canada and the Middle East.
- - Individual agent database Marketing.
- - A choice of placing your property on our featured list.
- - For sale signage board on your property with our details.
Before signing any agreement, both the Vendor and the buyer should seek legal advice and always make sure your agreements go through your own solicitor or lawyer.