What to buy land from the Diaspora? Worry not because I’m here to give you a step by step guide on how to go about it.
Most Kenyans living or just working abroad always look forward to investing back at home, and as much as some opt to invest in other businesses, majority go for property more especially land.
One of the biggest reasons they do this is because land needs very little to no maintenance at all as soon as one has purchased it. The brighter side is that its value increases with time and you can still have activities ongoing on the land that can earn you income.
So, you are still abroad, you have some savings and you want to purchase a piece of land as yiur investment. How do you go about it?
Fanaka real estate has adopted digital solutions as art of its wider strategy to ensure the company serves all and at all times. This means you can reach them anytime through social media, email or phone numbers, 24/7.
- Once you get in touch with a member of the sales team via their website or social media platforms (Facebook, Twitter, Instagram or LinkedIn), you will get information about their products and naswers to any queries you might have.
- The sales representative will then send you a catalog which contains all parcels of land on sale at that particular time for you to choose the one you’d like to buy. Once you make your selection, the sales rep will send you an updated subdivision map of the land.
- You will then send a representative for a site visit; your representative has to be someone you trust. It could be your parent, sibling, wife or friend.
- Once your representative confirms everything including existence of the land and you are satisfied and want to continue with the buy, the company will request for your identification documents including; a copy of your ID, KRA PIN and 3 passport sized photos and scanned documents of the same to via email.
- They will then send you a sale agreement which you will be required to fill and sign.
- From her you can begin making payments as agreed in the sale agreement to company’s accounts using the agreed mode of payment.
- Once you complete the payments, you or your representative will be given with an ownership certificate both in hard and soft copy.
- You will be in possession of the ownership certificate until the title deed is processed, upon which you will be required to pay title transfer fee of Sh30,000.
- You will then be required to pick the title deed in person or send your representative to pick it with an authorization letter signed by an attorney. A soft copy of the title deed can also be sent to you.