When you want to invest land or purchase a property, it’s always advisable to work with a reputable registered real estate company in Kenya. A reputable company with top real estate agents will help you on various aspects from setting the right price, negotiating, and conducting any searches needed. Besides, you will get help with transferring the title and, as a result, you can save time and money.
That said, how will you know if a real estate company or agent is the right one? Well, here is a comprehensive guide on how to find a trusted registered real estate company in Kenya:
1. Check Real Estate Company Or Agent’s Experience
One key factor to consider when looking for a top real estate company in Kenya is to look at their experience and existence in the industry.
You definitely want to work with experienced real estate companies like Fusion Estates Management that have established credentials and experience as a solid property developer in the market.
We have been in the market for 18 years with an expansive and well capitalised asset portfolio of up to $200 million which comprises various assets spread across Kenya, Uganda and Rwanda.
We will help you understand the market including any developments that crop up like the revised 4% stamp duty on land transactions, current land price ranges in areas, amenities within the area, and other real estate industry trends that you should know.
You are guaranteed an unparalleled understanding of the market and thus returns on your investments where you want to buy land or invest in Kikuyu, Kiambu, Nairobi, Kenya and beyond.
2. Seek referrals from family and friends
Unfortunately the real estate space in Kenya has both trusted real estate companies and swindlers. Yes, you will encounter genuine sellers and buyers, but also those keen on stealing from you.
To reduce the risk of getting a raw deal when selling or buying land in Kenya, you could simply ask family and friends who have purchased properties before or made property sales to point you to a good real estate agent.
Getting referrals saves you time that you would have spent researching, plus you are more likely to get a good real estate company in the market.
Tip: Make sure you do your due diligence as well even when you get referrals from family, friends or colleagues.
3. Assess the company’s core values
Again, there are escalating cases of real estate scams Kenya such as title deed scams, fraudulent property listings or fraudulent land listings. You should thus take your time to assess the values and the track record of the real estate agent or company you want to use.
For example, you should check through their websites, Google reviews and social media reviews. You can check out how guide on how to check if a Real Estate Company in Kenya is legit
Tip: Beware of any agent or company which hurries you to make payment on the property or land or who is not upfront with property details.
4. Establish any cases of conflicts of interest
A good real estate company will likely provide you with options that meet your specifications and budget needs. While it may occur that your budget is less than the amounts they can work with, a good company or agent will always ensure they help you meet your needs. They will be patient with you and guide you accordingly.
A good registered real estate company like Fusion Estates Management will advise and involve you in every step of the property purchase process.
5. Make Sure You Ask the Right Questions
Once you are satisfied that you have the right deal on the table, it is also important to ask the right questions.
Here are some of the key questions you should pose to a real estate agent or representative, and some considerations to keep in mind:
- What are the zoning regulations for the land? Ensure that the land is suitable for your intended use and complies with local regulations.
- Are there any encumbrances or restrictions on the land? Check for any limitations that may affect your plans, such as easements or building restrictions.
- What infrastructure and amenities are available in the area? Consider access to roads, utilities, schools, hospitals, and other essential facilities.
- What is the potential for future development and appreciation? Make sure you research the area’s growth prospects to assess the long-term potential of your investment.
- What are the payment terms and financing options? This will help you understand the payment schedule, interest rates, and any financing options available to you.
As a rule of thumb, don’t enter into a purchasing agreement if you are unclear on anything, or your questions are unanswered.
Bottom Line
Getting the right real estate company in Kenya makes a big difference during a real estate transaction. Given the infiltration by some untrustworthy companies and individuals,it is important to take your time to find the right real estate company. Make sure you only work with a trusted and experienced real estate company in Kenya like Fusion Estate Management to secure your land investment in Kenya.
Contact us at +254 723 97 97 97 or email us at sales@fusiongroupafrica.com to start your real estate investments in Kenya, today.
