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Land brokers/middlemen to blame
Rank: Veteran Joined: 6/11/2008 Posts: 892
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I have noted with serious concern how land brokers/agents/dealers hike/inflate prices left right and ctr. Partly aided by buyers from 'blue collar' enviroment who buy whatever is offered. Take juja farm for example, 2yrs ago, an acre was in the range of 100k. Same place, same size today is an M or there abt. Kitengela 1km frm kitengela town, in 06, quarter was 125k, today, dnt even try. If u go directly to owner, u get a clean, bigger, better and cheaper deal. Bt nairobians kawaida, you buy at whatever you are told. There is land we bought in kamulu @ 300k/acre. Even b4 we completed paying...in 2 months, the same land was now 600k an acre...if we wanted to, we could sell, make 100% profit. For in him (Jesus) we live and move and have our being-Acts 17:28
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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ali wrote:I have noted with serious concern how land brokers/agents/dealers hike/inflate prices left right and ctr. Partly aided by buyers from 'blue collar' enviroment who buy whatever is offered. Take juja farm for example, 2yrs ago, an acre was in the range of 100k. Same place, same size today is an M or there abt. Kitengela 1km frm kitengela town, in 06, quarter was 125k, today, dnt even try. If u go directly to owner, u get a clean, bigger, better and cheaper deal. Bt nairobians kawaida, you buy at whatever you are told. There is land we bought in kamulu @ 300k/acre. Even b4 we completed paying...in 2 months, the same land was now 600k an acre...if we wanted to, we could sell, make 100% profit. There are no signs that this will ever go away thats why i opted to go through some of the diligent saccos.
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Rank: New-farer Joined: 5/29/2011 Posts: 47 Location: Nairobi
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very true @ali. infact we work so so hard in order to save and own some land but in the end the one who benefits most is the broker.I think the way our system is structured really favours these brokers.The other day,I was being shown some commercial plots(by a broker)in embakasi-pipeline area and in the process we came across this huge seven storey flat being constructed...and I couldn't belief it when I realised it belonged to this broker.He sold plots/land making huge/crazy commissions until he constructed a flat.... at that moment I realised he was one of those who were overpricing the plots in that area and due to his sweet talking nature he was able to convinve gullible potential buyers to buy at very high prices unknowingly..and guess what,I didn't buy the plots from him I later got a similar plot nearby at a far much lesser price...so the thing is one should do be prepared to do a lengthy research of land prices before purchasing.
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Rank: Member Joined: 10/8/2010 Posts: 446 Location: london
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patcho wrote:very true @ali. infact we work so so hard in order to save and own some land but in the end the one who benefits most is the broker.I think the way our system is structured really favours these brokers.The other day,I was being shown some commercial plots(by a broker)in embakasi-pipeline area and in the process we came across this huge seven storey flat being constructed...and I couldn't belief it when I realised it belonged to this broker.He sold plots/land making huge/crazy commissions until he constructed a flat.... at that moment I realised he was one of those who were overpricing the plots in that area and due to his sweet talking nature he was able to convinve gullible potential buyers to buy at very high prices unknowingly..and guess what,I didn't buy the plots from him I later got a similar plot nearby at a far much lesser price...so the thing is one should do be prepared to do a lengthy research of land prices before purchasing. what was the difference?
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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i know of a case where a broker was offering land at 3.8 and the owner wanted 3M flat.
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Rank: Member Joined: 5/5/2010 Posts: 95 Location: Nairobi
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Don't hate the player, hate the game!!!
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Rank: Veteran Joined: 6/11/2008 Posts: 892
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Its sad coz the brokers even go to the extent of removing the beacons so that owners dnt sell directly. Just 2 wks ago, in ruiru, brokers were selling land @ 1.2, half an acre. You may nt believe it bt the owner, an old woman just wanted 450k. I almst fainted when we met the lady . Too bad that some guy got it b4 me, bt glad that brokers lost it. For in him (Jesus) we live and move and have our being-Acts 17:28
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Rank: New-farer Joined: 5/29/2011 Posts: 47 Location: Nairobi
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african coloner wrote:patcho wrote:very true @ali. infact we work so so hard in order to save and own some land but in the end the one who benefits most is the broker.I think the way our system is structured really favours these brokers.The other day,I was being shown some commercial plots(by a broker)in embakasi-pipeline area and in the process we came across this huge seven storey flat being constructed...and I couldn't belief it when I realised it belonged to this broker.He sold plots/land making huge/crazy commissions until he constructed a flat.... at that moment I realised he was one of those who were overpricing the plots in that area and due to his sweet talking nature he was able to convinve gullible potential buyers to buy at very high prices unknowingly..and guess what,I didn't buy the plots from him I later got a similar plot nearby at a far much lesser price...so the thing is one should do be prepared to do a lengthy research of land prices before purchasing. what was the difference? Believe it or not the difference was a cool 600K.......ama what difference are you asking?
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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Katibampya wrote:Don't hate the player, hate the game!!! am sooo hating both... buyers do your research and try to understand the value of land the area you interested.
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Rank: Member Joined: 3/17/2008 Posts: 567 Location: Nairobi
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@Ali
The Problem is not brokers its much bigger tghan that. I have been in Rwanda for some time now and note that if ypou need to buy or sell something it mostlikely needs to go thro an agent. There are no classifieds in the papers to get the owners!!!!
Note that the price of land is still affordable mostly due to heavy taxation on idle land and leasehold systems where you lose your land if you dont develop it in a year.
Its just about our policies.
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Rank: Veteran Joined: 6/11/2008 Posts: 892
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@ pablo....i see a potential danger in the way we are allowing brokers/ agents control the sector. I also blame the urbanites who just buy buy...please, as much as you can, do your research well, try get the owner where you can and use trusted referals. I noticed that guys even employ guys to mark proposed bypasses/highway and use such pretexts to hike prices...saying that such and such a road is being built and therefore, the land is prime For in him (Jesus) we live and move and have our being-Acts 17:28
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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Katibampya wrote:Don't hate the player, hate the game!!! Ghana vs. Uruguay? Sometimes we just gotta hate the player A bad day fishing is better than a good day at work
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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ali wrote:@ pablo....i see a potential danger in the way we are allowing brokers/ agents control the sector. I also blame the urbanites who just buy buy...please, as much as you can, do your research well, try get the owner where you can and use trusted referals. I noticed that guys even employ guys to mark proposed bypasses/highway and use such pretexts to hike prices...saying that such and such a road is being built and therefore, the land is prime You are very right. People have to take time to go to the ground and do research. You have to make several trips and talk to differnt people not just the broker... infact, take a trip there without even notifying the broker at all. Ask around at the shops around as you casually chat up the mama mboga or shopkeeper... you will get a feel of how things are. But if you sit and wait to buy land from the comfort of your chair, you are gonna pay for that comfort.... and it doesnt come cheap, you knot. Recently, i committed to a piece of land that i was about to pay double in the same area.... Got it at 1/2 the price i had been told by one broker!
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Rank: New-farer Joined: 1/4/2010 Posts: 93
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@Wendz You are spot on. Do not blame the brokers, they are also trying to get rich as quickly as possible. If you need land, you must be ready visit the site more than once on your own and also compare prices with land nearby. If you decide to sit in an office and make calls, you will definately pay for it. Do not be extremely cautious else you will never own land. A small fee/commission for the brokers should not make you decline to buy though, some do this for a living.
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Rank: Member Joined: 7/27/2008 Posts: 241
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Katibampya wrote:Don't hate the player, hate the game!!! Quote:Buy when there's blood in the streets, even if the blood is your own...
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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I HATE 40 BY 80. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 6/11/2008 Posts: 892
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@dunkang..if u hate 40x80, wait till you see 40x60. For in him (Jesus) we live and move and have our being-Acts 17:28
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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ali wrote:@dunkang..if u hate 40x80, wait till you see 40x60. WHAT! Yaani this kikuyus have decided to shave 20 feets! Kenya is headed to the dogs! We used to laugh when we were told that in Japan, the only available space is the space ABOVE your roof. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 6/29/2011 Posts: 233
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dunkang wrote:ali wrote:@dunkang..if u hate 40x80, wait till you see 40x60. WHAT! Yaani this kikuyus have decided to shave 20 feets! Kenya is headed to the dogs! We used to laugh when we were told that in Japan, the only available space is the space ABOVE your roof. There are 50 by 60 and 50 by 50 in some estates in Mombasa.. Excelsior
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Rank: Veteran Joined: 12/3/2010 Posts: 1,141 Location: Londokwe
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dunkang wrote:ali wrote:@dunkang..if u hate 40x80, wait till you see 40x60. WHAT! Yaani this kikuyus have decided to shave 20 feets! Kenya is headed to the dogs! We used to laugh when we were told that in Japan, the only available space is the space ABOVE your roof. 40x60 is a big mblot. You can built a 3 bedroom mansion on it.have parking for 2 cars and plant 1 tree outside your dream home.I have seen good houses in a 40x60 here in Nairobi.What matters is who you design your house. In that area a 40x60is going at btwn 450k-600k 2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
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