|Properties For Sale in Nyali, Mtwapa, Kikambala, Kilifi and Malindi|
Below is a selection of the many properties which are currently offered for sale on North Coast. Feel free to contact 0726 06914 for more information on below, and other properties for sale. Below this page you find tips and advises on the procedures of plots and properties.
Nyali Villa For Sale
Beach Plots For Sale Jumba Area, Mtwapa
Property for Sale at Jumba Area, Mtwapa
Purchasing properties in Kenya
Purchasing property in Kenya is a rewarding investment, howerver, it is very sensitive.
Not all properties and real estate have a ‘clean title’. Some tips and advises on how to purchase a property savely.
First, make an appointment with the person in charge for the sale. You will be taken to the location of the plot or house of your interest. Maybe the property is not what you’d expected, maybe you wish to see other properties on the same, or another day. When you are comfortable with the information and property, you can start to negoiate the price.
Next is to do a title search.
Take the original or a copy of of the title deed from the real estate lawyer of the seller, you may considder to hire your own real estate lawyer too. The real estate lawyer prepares a sale agreement as a conditional preliminary contract signed by both parties. Upon execution, the buyer pays a deposit of 10% to 30% of the purchase price. This preliminary which is refundable in case the seller defaults on the transaction.
Closing is agreed 90 days from signing. During this time the seller must obtain a clearance certificate from the municipality. This is presented to the buyer to ensure that all local taxes and utility bills have been settled. The lawyer then files a Draft Transfer at the Lands Office and the stamp duty is paid. An official from the Ministry of Lands will come to inspect the property, verify its condition, and makes sure that the sale price is in accordance with its actual value. These steps will take approximately two to four weeks to complete.
The lawyer submits the documents to the Lands Office to be able to register the transfer, including the original title held by the seller, clearance certificates, consent transfer and the form for valuation for stamp duty. At the same time, the buyer settles the remaining balance with the vendor. Taxes and lawyer fees is paid within 30 days from closing.
It is possible to purchase property in Kenya without being in the country. One can assign aproperty lawyer to go through the whole process on the buyers behalf through a power of attorney. However, before starting the procedure it is strongly adviseable to see the proparty and talk to theproperty lawyer in charge.