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Acquisition Of Investment Plots .....Buy From Or Involve the Experts
Ka-Dry
#11 Posted : Thursday, March 24, 2011 7:04:59 PM
Rank: New-farer

Joined: 3/15/2011
Posts: 33
Location: Nairobi
bwenyenye wrote:
Guys,

Someone is getting me to buy some land whose title he claims has gone for subdivision. The search docs give a name of someone he says is the one who sold to him. I told him that I cannot give my cash for something you have no ownership! The guy has since gone quiet! I find this intriguing! Is this how guys are buying land nowadays?


Don't touch such... been involved in a similar transaction in Juja...which has become difficult to ascertain the real owner
young
#12 Posted : Thursday, March 24, 2011 10:58:20 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
bwenyenye wrote:
Guys,

Someone is getting me to buy some land whose title he claims has gone for subdivision. The search docs give a name of someone he says is the one who sold to him. I told him that I cannot give my cash for something you have no ownership! The guy has since gone quiet! I find this intriguing! Is this how guys are buying land nowadays?



Simple due diligence on the documtation dictates that you can not pay for a plot that does not belong to the person offering it for sale.
Don't ever be hasty about buying land and you have to make all assurances doubly sure in conjuction with experts.

Better miss that chance and pay a little higher for a clean genuine plot.

A genuine seller is not always in a hurry, it is mostly the con men that want to rush you, Plot purchase is a process but the bottom line is that due process must be followed.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
Ka-Dry
#13 Posted : Friday, March 25, 2011 6:55:31 PM
Rank: New-farer

Joined: 3/15/2011
Posts: 33
Location: Nairobi
Land buying for Dummies

1. Involve your own lawyer. Don't use the seller's lawyer to save
2. The lawyer will an OFFICIAL SEARCH to ascertain ownership
3. Your lawyer will draw an agreement
4. Pay a deposit (10-30%) on signing the agreement
5. Get the consent LAND CONTROL BOARD (depending on area)
6. Your lawyer will process the transfer document.
7. Once 6 is done, you can pay the balance depending on the agreement.
8. Apply for your own TITLE DEED
8. Have fan, you are now a proud owner of a piece of land
slykat
#14 Posted : Friday, March 25, 2011 7:12:56 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
If u can get one with a title or u got a choice, avoid untitled plots, allotment letters and land share certificates, even if u gotta pay more... these r replete with mines that even lawyers may not find during a search.
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