Before buying land, you want to be sure that the property you intend to acquire if free from issues that can turn your dream of acquiring land into a nightmare. Therefore, it is prudent to evaluate the land selling company you want to buy a property from. Below are some of the factors you need to consider before buying land from land selling companies.
Pending Land Rates
Land rates are charges or levies imposed by county government or national government on parcels of land. It is always compulsory when the property is located in urban setups. Buying land with pending land rates can land you into troubles with authority. Hence it is wise to ask for a rates clearance certificate from the land selling company you want to buy land from. Land selling company with rate clearance certificate is glaring evidence that all the due rates and interest accrued on their property have been fully settled.
The duration Takes to Get Your Title Deed and The Transfer Process
When buying land from land selling company title deed is a crucial document. Title deed proves ownership of the property to another person. Therefore, before buying land from land selling company ensure that the company can produce for you title deed to prevent unscrupulous people from claiming your property. Some clients overlook this factor when buying land from land selling company. However, there is multiple processes that you will go through before acquiring your title deed. A good land selling company should not take more than four months to get your title once the consent and transfer are done.
Boundaries of The Land you want to buy
When buying land ensure that the boundaries of the land you want to buy are clearly marked. Ensure the beacons are in place. Beacons help in land identification from mutation. A mutation is a vital document since it indicates the sold plot and available site plan.
Appreciation Rate of the land
Land selling company that sells the property that its values appreciate rapidly is of great advantage to both buyer and the company. Before buying land, you can inquire about the rate at which the value of land appreciates. Inquire from the company how the neighboring parcels of land have increased in the last 4 to 5 years. If their values have appreciated its clear indication that the value of your land will appreciate quickly and add the value of your property.
In conclusion acquiring land is one of the great achievements in life. Therefore, it is important to consider the above factors before you buy land from land selling company. Land with issues can really cost you and ruin your ambition of acquiring land.
Benefits of Buying Land from Land Selling Company in Kenya.
Buying land is one of the greatest achievements in life. It is one of the best assets to acquire in life. When one owned the land, he or she can use the title, deed to get a loan very quickly from lending companies that he can use to develop the land or use to do other things that are gainful in life. However, this great achievement can turn to ceaseless regrets if the deal turns to scum that is common among individuals selling land as compared to land selling company. With land selling company, such cases are rare. This makes the land selling company a good option if you want to buy land. The following are some of the benefits of purchasing a property from land selling company:
Your land is safe with the genuine land selling company
Buying a property from a registered, trusted, and reputable land selling company is a clear indication of safe investment as compared to individual selling land that is not even registered and can sell a property that they do not have claim over. Land selling company must do all necessary due diligence before acquiring the land they sell to clients. Land selling company can quickly certify if the land is free from encumbrances.
Buying land from individuals is like risking losing all your money and ownership of the land. Land acquired from individuals mostly has issues such as land disputes among families, selling of government committed land, and selling of the property to more than one person. With land selling company, such issues are rare since they usually engage all the family members and local authorities before buying land. For example, a company like IBOUNTY INVESTMENT COMPANY that deals in selling land cannot accept to buy property from people without engaging all the family members that have or may have an interest in the land they want to acquire. This has helped the company to gain trust from its customers, and the company stands as the best land selling company in Kenya that most clients preferer.
Adequate documentation of your property
Land selling company will ensure that all the paperwork concerning your land is genuine and adequately documented because it is selling itself and dealing with reputable clients. Thus, you are sure of getting complete documentation of your property. From survey plans, receipt of purchase title deed, etc. Buying land from land selling company saves clients from the stress of running land bureau as compared to individual selling land that does not care title deed, and they aim to sell land and make money.
Land selling company give room for installment Scheme
Land selling company offers a flexible payment scheme for clients that cannot afford to pay a full sum of money at once. They make the acquisition of property affordable and seamless. The installment periods vary among land selling companies. For example, some can do 8 to 12 months as well more one year. This is not the case with individual selling land where you are required to pay outrightly. However, the price of the land may be affordable when you buy from an individual, but the challenges you may face after buying the land can be unquantifiable.
To avoid nightmares associated with purchasing land, it is advisable to buy land from genuine and reputable land selling company. Through considering the above benefits, your investment can be free from any encumbrances, and you will never regret buying property.
