Living Abroad? Everything You Need To Know About Investing

Over three million Kenyans live in diaspora. A good number of them are looking forward to invest in properties in Kenya. 

Below are tips to follow when investing and avoid being conned by friends and relatives

 

Contact a reputable real estate firm directly

 

The world is now a global village and information is readily available on social media, blogs and websites. Look through the various websites and social media pages and give more attention to the feedback given by clients.

You can also obtain testimonials from clients who have done business with the companies.  Look out for award winning companies and subscribe to receive updates of their projects.

Cross check details before striking the deal

Always seek to ascertain the information given on the website by contacting a your select real estate. You can afterwards proceed to do online purchase on the website and make direct payments to the company without a third party.

Read through the terms, conditions and policies around the purchase process to ensure you are well informed before making the final purchase decision.

Be careful about inflated prizes

 

You may navigate through a company’s website and identify a project of your interest but when you contact a relative or a real estate company you are informed of a different price.

Always stick to a company that has an online purchase system that does not change the pricing and allows you to make a direct transaction without extra charge for being a diaspora client.

Only allow friends and relative supervise

 

Many of the clients who have fallen victims of diverted cash by relative’s blame lack of credible parties to represent their interests. After conducting intensive research and settling on an investment company contact them directly.

Have them share first-hand information with you. This includes the project location, value adds and prices of the property.

You may allow your friends attend site visits and open days but ensure you have direct contact with the investment company .

From here deposit your payment and receive scanned receipts and your friend takes the hard copy.

Request for the projects layouts and select your preferred plot and seek advice both from the real estate and family member.

Create a balance between the two and ensure you are the final decision maker.

Do not over rely on internet information

 

You may information on the internet is known for portraying negative information about companies.

Take caution and do not over rely on the negativity.  Some information provided may discourage you from investing.

Always seek to obtain information from real estate companies and compare the percentage returns of real estate with annual growth reports on your home country.

 

Receive your title deed personally

 

Land transfer is a process that is regulated by the law. Ensure you fill in an offer letter, sign sale agreements and land transfer forms. These documents can be shared to you directly on email for signing.

This ensures the process you have undertaken is within the law.

The availability of international courier services also provides you with the opportunity to personally receive your title deed.

 

 

Over three million Kenyans live in diaspora. A good number of them are looking forward to invest in properties in Kenya. 

Below are tips to follow when investing and avoid being conned by friends and relatives

 

Contact a reputable real estate firm directly

 

The world is now a global village and information is readily available on social media, blogs and websites. Look through the various websites and social media pages and give more attention to the feedback given by clients.

You can also obtain testimonials from clients who have done business with the companies.  Look out for award winning companies and subscribe to receive updates of their projects.

Cross check details before striking the deal

Always seek to ascertain the information given on the website by contacting a your select real estate. You can afterwards proceed to do online purchase on the website and make direct payments to the company without a third party.

Read through the terms, conditions and policies around the purchase process to ensure you are well informed before making the final purchase decision.

Be careful about inflated prizes

 

You may navigate through a company’s website and identify a project of your interest but when you contact a relative or a real estate company you are informed of a different price.

Always stick to a company that has an online purchase system that does not change the pricing and allows you to make a direct transaction without extra charge for being a diaspora client.

Only allow friends and relative supervise

 

Many of the clients who have fallen victims of diverted cash by relative’s blame lack of credible parties to represent their interests. After conducting intensive research and settling on an investment company contact them directly.

Have them share first-hand information with you. This includes the project location, value adds and prices of the property.

You may allow your friends attend site visits and open days but ensure you have direct contact with the investment company .

From here deposit your payment and receive scanned receipts and your friend takes the hard copy.

Request for the projects layouts and select your preferred plot and seek advice both from the real estate and family member.

Create a balance between the two and ensure you are the final decision maker.

Do not over rely on internet information

 

You may information on the internet is known for portraying negative information about companies.

Take caution and do not over rely on the negativity.  Some information provided may discourage you from investing.

Always seek to obtain information from real estate companies and compare the percentage returns of real estate with annual growth reports on your home country.

 

Receive your title deed personally

 

Land transfer is a process that is regulated by the law. Ensure you fill in an offer letter, sign sale agreements and land transfer forms. These documents can be shared to you directly on email for signing.

This ensures the process you have undertaken is within the law.

The availability of international courier services also provides you with the opportunity to personally receive your title deed.