Methinks that there exists a bit of confusion in this sector. IMHO I think there is a huge gap of information that has not been filled over time a situation that has given rise to many viewpoints,misinformation,thuggery/fraud and generally the lack of harmony that exposes many potential consumers to great risk. A lack of an authority body that formulates policy which seeks to regulate,standardize and harmonize all the various aspects of this sector,is a major set back.
Well,what would be some of the solutions you'd offer to remedy this situation?

Patience Pays in Guaranteed Checks

@Bashka,
None exists.Maybe one will be set up after the enactment of the Kenya National Land Policy which was adopted by the cabinet the other day.Hopefully.

Patience Pays in Guaranteed Checks

A housing/plots price index: It'd be nice if either one of the banks (most likely HFCK),a real estate,or even an SKerian who is able and willing could start this. It can be done on a town by town basis. Based on houses and properties sold.
Registration: Either via governemnt formed body or professional body of all professionals involved in the sector
Clear information: How many of us know all the costs that should be taken into account when buying a house or a plot? Govt or real estate body can have this at their offices.
Common sense: Its not common,but they are things one shouldn't do. Don't buy land unless you've done a search at the relevant district/provincial land office. don't buy with no title deeds-its the seller's job to ensure they have one. Always stipulate upfront what you'll pay or not pay when using land brokers or agents.


www.mjengakenya.blogspot.com

@Susu

And thats how the real businessmen/women are making money in this sector.... when you are fearful,they know how to get the titles,and you pay what they cough.

Some deals are like glass. Sometimes it's better to leave them broken than try to hurt yourself putting it back together.

Guys,

the level of misinformation and misconception about real estate and risks therein is alarming. Was shocked to deal with a magistrate the other day who was interested in some plots I was selling and had to take 2 or so hours explaining to her the procedure and basically allaying her fears. Am imagining if this is the case with people who can access info easily,what about those in the villages??

Was even contemplating starting a blog on real estate matters.

Maybe some of us in the industry could start by posting basic procedures and info about real estate coz it may help so many investors who have developed cold feet simply due to lack of info.

..one is only poor if they choose to be

@Marty

Your blog would be so phenomenon that you would wonder what you had been waiting for. Please implement this as soon as possible chances are that you will have created another SK just like that.

Patriotism is arming your fellow compatriots with the knowledge and experience gathered through life. To keep knowledge and info useful you've got to share it. All your views are duly noted and pleased to say that something is in the offing.

Patience Pays in Guaranteed Checks

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