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Buy land along mombasa road
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brekke
#1 Posted : Saturday, July 10, 2010 8:37:51 PM
Rank: New-farer

Joined: 7/10/2010
Posts: 23
Location: US
Hi Wazerians! Thanks for the resourceful information from u all (esp. pablo & co) Am an amateaur in real estate and keen to invest along mbsa road, but so scared to poteza my hard earned chapa.. Am abroad and seems the way out is to buy (from private seller??) via a friend or brother then transfer later. How do i go abt it to avoid squabbles- e.g they use the title deed to secure a loan etc (or worse still losing my kaplot!). And what are the cost differences/advantages in building on red soil Vs. black soil? Which areas in nai outskirts have red soil? Tips please.
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Rahatupu
#2 Posted : Monday, July 12, 2010 8:59:36 AM
Rank: Veteran

Joined: 12/4/2009
Posts: 1,982
Location: matano manne
Brekke, first and foremost you must if possible come do it yourself, if not complete trust is requisite if someone deals on your behalf. About red or cotton soil, your preferences of location will greatly determine. otherwise red soil is cheaper to build on all other factors remaining constant.
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kingauwi
#3 Posted : Monday, July 12, 2010 12:27:47 PM
Rank: Member

Joined: 11/17/2009
Posts: 99

Syokimau along Mombasa rd.
1/4 with clean Title.
Lets talk.
kinagauwi at gmail dot com.
First they ignore you, then they laugh at you, then they fight you, then you win!
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brekke
#4 Posted : Monday, July 12, 2010 1:11:08 PM
Rank: New-farer

Joined: 7/10/2010
Posts: 23
Location: US
@kingauwi& Rahatupu
Thanks for the replies. Am interested in an 1/8th, Katani area and athi river. Anyone who knows the security situation around there? have found one in katani and am still not sure whether to buy thru someone else. If not then i may have to wait til maybe april nxt year.. of which i hpe prices wont have skyrocketedSad
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Wendz
#5 Posted : Monday, July 12, 2010 2:28:59 PM
Rank: Elder

Joined: 6/19/2008
Posts: 4,268
@brekke

Lets say, land deals are very tricky... if you are going to buy land when you are away, get someone you can fully trust. this someone should be ready to do the ground work himself. Do your own due diligence and let it be thorough. Everything has to go on paper and legal way - use a lawyer... its a small price to pay for your peace of mind. I am sure you would know a good lawyer to do it for you. they will do the search to ascertain it is a clean title (some are issued from river road ministry of lands and minerals). Usually you pay some 10 percent and pay the rest upon receipt of all the valid documents. It can be done, but you need to go purely legal way if you are far.... sometimes when on the ground, people cut corners (cheaper but very dangerous).

By the way, they con you when still smiling with you! And expect the prices to have significantly changed by April next year.
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nostoppingthis
#6 Posted : Monday, July 12, 2010 2:57:26 PM
Rank: Chief

Joined: 8/24/2009
Posts: 5,909
Location: Nairobi
@ Brekke, land value goes up like 10K per day :)
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JeanLucPiccard
#7 Posted : Monday, July 12, 2010 6:29:33 PM
Rank: New-farer

Joined: 12/9/2009
Posts: 23
Location: Nairobi
@all, I'm offering land @ 200k for 1/8 acre, 2km from Mlolongo. Interested? Call 0722-876367.
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story teller
#8 Posted : Monday, July 12, 2010 9:37:37 PM
Rank: Member

Joined: 6/25/2010
Posts: 415
@Brekke

My 2 cents. Heed what @Wendz is saying.Never buy land without a lawyer.

To answer your question, yes, you can buy land under your own name (i have done it myself) even if you live abroad. You need to provide your lawyer with copy of passport/Kenyan ID for him/her to get you a pin # from KRA or something like that.

Your lawyer should also perform due diligence and ascertain that the said land actually exists and the title deed is valid.

Key is to also find yourself a lawyer you can trust with your life (i have heard some horror stories).

The whole process should take you about 3 months but you will sleep well at night.I would not encourage you to transfer land to some relative to "hold" for you till you get back. You might be in for a rude shock.
It's not hard to make decisions when you know what your values are.
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  | | Edit by user: Monday, July 12, 2010 9:40 PM | Reason: Not specified
brekke
#9 Posted : Tuesday, July 13, 2010 3:13:11 PM
Rank: New-farer

Joined: 7/10/2010
Posts: 23
Location: US
Thanks @storyteller.
Am considering using a surveyor to verify that the plot exists and is of the said size. Or can i do without a surveyor and just use a lawyer? Anyone who knows what a lawyer and surveyor cost? should i also use a real estate agent to be more on the safe side? Any suggestions of trustworthy agents? what is the price difference if u buy via real estate agent Vs private seller.
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mwenza
#10 Posted : Tuesday, July 13, 2010 3:34:32 PM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
A surveyor to ascertain the size of an 1/8th acre? Misuse of resources if you ask me.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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