LAND BUYING PROCESS IN KENYA
real estate is not only the best way, the quickest way, the safest
way, but the only way to become wealthy.”- Marshall
like you, I’ve set a goal to own Property. When it comes to such
an important asset, we tend to have mixed emotions. Excitement, fear,
the uncertainty; we’re literally investing a huge amount of money
we’ve really worked hard to into something unknown to us.
you’re not going to put money in real estate, where else right?”
is a really bold move to make and I applaud you for coming this far.
an Agent one of the things I’ve noticed especially for us the young
Millennials are; yes, we do have the will & the money to acquire
but do we really have enough information on how to go about
are some ideas/ steps to consider on your journey to
WITH A REAL ESTATE AGENT
are many pros and cons to working with or without a real estate
agent when you’re trying to buy or sell a house or land. The key
or major factor is that Agents are professionals.
you’re not knowledgeable when it comes to real estate, the terms,
conditions, the professionalism that comes with it, or even the
A professional Realtor helps you with the
property valuation processes
and represents you to the best of your
In this case, I’d advise you to go with a Single-agency which involves
working with just one agent whose only concern is what’s best for you.
you get an agent you can trust, then you’ll go ahead and sign a
buyer’s agreement. What this means is that the Agent will represent
you and you can’t work with a second Agent.
Estate agents don’t get regular paychecks. They are paid a
commission of the sale when the deal is closed. It would be unfair
ask them to spend their time help you find your home/land and
someone else midstream and buys a property from a second agent.
course you can ask your agent you’ve signed with to cancel the
contract if you’re unhappy with their services and choose to move
land, they’re not making it anymore.”
- Mark Twain, writer and
all know that Real Estate provides the highest returns and the
greatest values and has the least risk. This process begins with you
identifying a suitable property that matches your own preferences.
Viwak Properties we have a Buyer qualification process that we take
you through. What this entails is a form that we fill with your
details and we use that information to match you with your
then schedule a site visit and you get to see the list of properties
we have narrowed down using your pre-qualification form as a guide.
this site visit we provide you with a mutation form, deed
& a copy of the title deed. This allows you to visit the Ministry
of Land HQ's at the county level where you can confirm the owner of
the land. You’re required to carry the title deed to enable the
research. Here you’ll get information on any issues connected to
Kenya a land search costs Ksh.520/=
the property meets your desired criteria, location, amenities,
accessibility, it's within your budget, and all the decision-makers
agree, we go ahead and email you a Letter of Offer (LOO).
letter of offer is a physical representation of a prospective buyer's intentions to buy
Letter of offer contains the details of both the buyer & the
seller, description of the land, the agreed total investment, mode
payment & advocates details.
is then signed and acts to formally instruct the legal teams of both
& LAND MAP
an offer has been accepted, you as the buyer should conduct due
diligence on the property. This is in addition to conducting an
official search on the title at the Lands offices.
can also get a land map from a local surveyor. You’ll buy 2 maps.
One map will be drawn to scale & the second one showing the
Each map costs Ksh.300/=
agreeing on the price, make sure that the sale agreement has the
terms & conditions that both parties agreed on.
approval of the sales agreement is followed by payment of the agreed
deposit to our advocate's account
a buyer you will incur certain costs whether you’re buying a
residential or commercial property.
The value of the land will determine the amount of money you will
pay for stamp duty
• 4% for land/property within a
• 2% for agricultural land or property outside
• 1% if a property is registered as a company
and transfer is by way of shares rather than title
Each party pays for their own legal fees based on a percentage of
the purchase price on a scale stipulated in the Advocates
Remuneration Amendment Order, 2014.
The only exception which appears to be a common practice is where buyers
are required to pay legal fees for both parties when buying an
apartment. The argument for this is based on the fact that the
seller’s lawyer is the one who does registration for all the leases
on behalf of the buyer.
is payable on the acquisition of trading commercial property. The current prevailing rate is 16% of the purchase price. This is in
addition to paying the Stamp Duty
The agent is paid by the party who instructs them; either by the seller who instructs the agent to market their property or the buyer
who instructs the agent for property acquisition. The fee is on a
scale capped at a maximum of 3% of the property’s value.
and disbursement fees:
As a buyer, you are generally responsible for the cost of
registration of your title in your name(s) together with other
disbursement costs as may be advised by the seller’s advocate
all times during the purchase process, we are available to provide
effective communication between the parties involved.