Mainat wrote:jamplu wrote:Hi good people. I thought the process of buying land in Kenya should be finalized within 90 Days so as to allow the buyer ample time to verify history, ownership and ensure the land has no encumbrances.
Most of the sellers have met of late wanataka pesa haraka haraka it has actually put me off cauz after syokimau i don't want to get myself in same situation.
I know some of you have been involved in land buying tell me has anything changed in terms of this period??
90days is about right and in any case its not possible to complete a legal land transaction under 30days. Don't get caught up with owners who need quick disposal. The way to get keep them in the sale is to write a legal
purchase/sale agreement and pay them a higher than normal deposit (i.e. 20/30% instead of normal 10%)
Is a sale agreement basis enough to pay the deposit even if the land has no title deed yet? My situation is that the old Mzee selling the land has a big parcel and is promising to process the title for the piece he is selling me once I pay the deposit.
He does have the title for the whole parcel though and I have verified that it is clean and has no encumbrances.
Learn first to treat your time as you would your money, then treat your money as you do your time.