Costly Mistakes to Avoid When Purchasing Property in Kenya
- Money Matters
- Don’t send money directly to the seller or their advocate unless advised by your qualified advocate.
- Don’t pay the whole amount at once. Deposits should be at least 10%.
- Don’t pay in hard cash! Always ensure there’s a money trail.
- Not Having Your Own Lawyer
- Don’t engage in any property transaction without appointing your own qualified advocate.
- Your advocate will advise you on the necessary documents and other important experts such as surveyors and valuers.
- Relying on Influencers
- Don’t make a decision to buy land based solely on journalists, social media influencers, pastors, friends, or TV adverts.
- Influencers cannot perform due diligence on your behalf.
- Buying in Secrecy
- Don’t buy property without informing your family, close friends, confidants, or spouse.
- They may provide valuable alternative opinions or warn you of potential risks.
- Not Doing a Site Visit
- Don’t buy property without a physical site visit or through your power of attorney or qualified advocate to ensure the land is vacant.
- Upon your advocate’s advice, engage a qualified surveyor to map out the beacons on a second site visit.
By avoiding these common pitfalls, you can make a more informed and secure property purchase in Kenya. Always seek professional advice and ensure thorough due diligence to safeguard your investment.
