Recent Blog Posts http://www.kenyan-real-estate.com/rss_blog_posts A Secret to Real Estate Profits in Kenyan Real Estate http://www.kenyan-real-estate.com/blog/a-secret-to-real-estate-profits-in-kenyan-real-estate.html NTgtMTQ1MzgzNTU5MA== Tue, 26 Jan 2016 22:13:10 +0300 As the real estate market cools, the profit potential of home ownership has cooled as well. Here’s a strategy called “follow the builder.” In Kenyan Real Estate.

It is relatively easy to make a profit when you sell your home if the market is rising sharply like it has been in most of the country for the last three years. It becomes more difficult when a hot market slows down. It’s very difficult to make a profit on the sale of your home when prices are falling.

Is there a way to be relatively sure you’ll make a profit when you sell your home? There is under all but the most negative market conditions. In fact, I’ve seen young, energetic couples use this maneuver multiple times when they don’t even need to move.

Follow That Builder

In many areas of the country, there are builders who build hundreds of houses each year within a fifty mile radius of each other. They build entire communities or are one of three to five builders who build entire communities around big employment centers. This present you with an important opportunity.

New Community

Builders not only in Kenyan Real Estate but in most parts of the world will typically sell first phases of communities for significantly less than later phases. On one hand, they need to get the cash flow moving. On the other, it is harder to sell at high prices because the community typically consists of dirt lots and construction equipment. Put the hands together and you have a great profit opportunity.

The idea is to get in on the first phase of the build out. You will purchase the home at a discount, which gives you built in equity. As the community is built up, you sell the home for a profit at a higher price. While you’re doing this, you keep tabs on the builders’ projects and find another location where you can do the same thing.

You’ll end up living in each house for a year or more and picking up nice profits along the way. The only real downside is you have to move repeatedly.

Tax Consequences

I’ve seen this work well for a number of people who have done it more than once. However, you need to be aware that generating profit this way can have tax consequences. You need to discuss your plans (including projected timing and profit potential) with your tax professional so that you are prepared to deal with any tax consequences.

 

Get properties for sale and more tips on Kenyan real estate on www.kenyan-real-estate.com 

 

 

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7 Kenyan Real Estate for sale Easy Ideas and Advice for Creating Great Curb Appeal to the Outside of Your Home. http://www.kenyan-real-estate.com/blog/7-kenyan-real-estate-for-sale-easy-ideas-and-advice-for-creating-great-curb-appeal-to-the-outside-of-your-home.html NTctMTQ1MzgzNTI5NA== Tue, 26 Jan 2016 22:08:14 +0300 No matter how beautifully decorated the inside of your home may be, if the outside of the house does not reflect what lies behind the front door, you may easily lose the sale.

Potential homebuyers frequently make a list of homes from various internet sites, advertisement listings or through a realtor that they wish to see and then drive by these homes to get a ‘feel’ for the property and the house.  Bottom line, if your home looks unappealing from the outside there is a good possibility your home will be crossed off the list of potential purchases.

Decide to spend a weekend fixing up the outside of your home and stick to a plan.

1).Call two or three local landscapers and ask them to come out for a landscape appraisal but most importantly ‘pick their brain’ for ideas of how best to show your home.  Explain that you are selling the home and wish only to make the most of the exterior at minimal cost to you.  In some cases, you might be surprised, particularly during slow landscaping seasons that you can afford to have a professional lightly landscape your property or at least modify a portion.

For less than Ksh50, 000, an associate of mine had a local gardener come in and plant 12 tropical plants, 8 large flowered bushes, trim the existing trees to shape, pull the weeds, cut out sod to merge two planting beds, plant 20 small flowering bushes and throw down several bags of mulch in 2 afternoons.  She also saved a little more money by having him transplant bushes from another part of the property to the front where she planned to create a more dramatic impact.  Further, his price included clean-up and removal of gardening debris, which saved her a lot of time after the work was complete.  Her soil was very hard to dig into and it would have taken her twice as long to dig one hole as it did for the gardener to dig several; he was familiar with such difficult work and he had all the right tools to do it quickly.  My associate only paid him to service the front beds while she saved money by cleaning up the smaller side beds on the side property by doing it herself.  (The gardener even let her borrow his expert tools as long as she promised to return them the following day, which she did.)

You might be surprised at the minimal but well-worth price of hiring a professional gardener, particularly if you find a local, one-woman/man operation with low overhead. Someone starting a new business might also be less expensive in trying to build a clientele while my associate in turn offered to advertise the gardener’s services by keeping business cards on hand during real estate visits. 

Consider having him/her do a portion of the work and then do the less difficult areas of your home yourself.  Even if you do not have a landscaping budget, call a few local gardeners to come out for a quote just to get some great landscaping ideas you can use yourself.  Most are willing to spend a few minutes of their time even if you do not use their services.  Take their business card anyway and offer to send them a referral.  It is all part of doing business. So consider hiring a professional gardener to add curb appeal to a tired property.

2)  Stand at the curb of your property and look the land from the perspective of the drive-by potential buyer. Get in the car and drive down your street and look at the way your property compares to your neighbors.  If your neighborhood is well-cared for but your property is not; where the trees are overgrown and the weeds are hiding your front door is a clear indication your home will stick out like a ‘sore thumb’ and you may lose the sale. If you live in a neighborhood where your neighbors’ landscaping is ‘so-so’, this is your opportunity to shine.  My associate explained that she once lived in a brand new home in an older neighborhood where few people took the time to landscape nicely so anything she did…add a border, plant a few bushes, and place a park bench near the front driveway with container plants, certainly looked amazingly better than the homes around her property.  When the time came to sell this home, she took a ride around the block and took the position of the potential buyer.  As a drive-by buyer canvassing her own street, my associate noted that the viewer would see blasé curb-appealed homes and then come upon her own, where the flowers were blooming, the green grass was trimmed, the containers were filled with flowers and the inexpensive park bench at the end of the long driveway looked inviting.  So plan your landscape to stand out from the rest and if your budget does not allow for the extras, then the next rule of thumb is to just make the property look ‘neat’….

3)  Neatness in landscaping is important.  If a property looks tidy, the impression you will give to the drive-by buyer is that the inside is neat and well-cared for as well.  Even if you are not a neat person, make an effort to neaten up the exterior.  Find someone who has a ‘neat’ eye and ask for their opinion.

Trim the grass and if you have spotted, brown grass, invest in a bag of grass seed and water frequently to encourage growth. Baby-sit the seeds and if necessary, place a barrier around the area to keep children and pets from stomping on them. Cover new grass-seeded areas with hay or grass clippings to prevent blowing away, from birds eating the seeds and to keep moisture in.  Water newly seeded areas daily.

If you have time before you place your home up for sale, fertilize your lawn…it can make a huge difference in how healthy and green the lawn shows from the street.  If you do not have grass, then create areas with grass.  Consider removing areas covered in stone or weeds and planting with either seeds or sod.  It is a big project if you have little or no front lawn so elicit help from friends and neighbors if needed.  Having some kind of greenery in the form of grass makes a huge difference to a buyer.  Grass is a great canvas to making other areas of your property stand out and grass appeals to many who grew up with front lawns or always wished they had one.  If you live in areas where it is impossible to grow grass, adding stone is another possibility however, be sure that stone works in that area of the country in which you are selling. Stone lawns usually fit in better in coastal properties where sand is the foundation and the cost of carting in topsoil is enormous.  I often feel that all-stone frontage looks out of place in neighborhoods where lawns are more prevalent and gives the impression the homeowner really cannot be bothered to maintain a lawn. I feel that stone is not a warm product if used in large areas and should be contained in smaller garden beds if possible.

4)  Once you have the grass, fix up the existing beds.  (If you do not have any beds in your property, this would be an entirely different article. This article deals with homes, which have garden beds already in place that need sprucing up.)

Garden beds help soften the hard lines of sidewalks, walkways, and the rigid angle of homes.  Once you have weeded these beds, ask yourself, “Does the design of the current beds allow them to be connected in some way across the front of the home?  Do my beds flow?”  The reason that I bring this question forward in a Curb Appeal article is that my associate explained to me that she used to have to separate garden beds in front of her home; one ran right across the front left-side of the home and the other ran down the side of the driveway.  Both beds were disconnected from each other separated by a walkway.  This separated design made the frontage look severed and harsh.  So she cut out the sod from the bed in front of the house, around the walkway and made a connection to the bed nearest the driveway.  It looked like one continuous snake-like bed and once planted with similar foliage the entire property looked really ‘pulled together’.  In doing this she accomplished two things:  1) Softening the hard angles of the walkway, which did not have a garden bed in front of it and, 2) the property had the look of what my colleague refers to as ‘fluid design’.  The eye now followed a soft flow from one end of the house where the bed began to the end of the driveway where the bed ended.  And…there was a small surprise at the end of that bed too, which made the design interesting and appealing.

At the end of the driveway, which is ordinarily dull space, the garden bed ended in a circular shape and she planted just a few extra eye-catching flowers there;  just a nice little touch and the colors were appealing.  The path up the driveway, followed around the walkway toward the entrance of the home was entirely landscaped and pulled together with like-flowers and shrubs.  Not a whole lot, but it was consistent and it was neat.

5)  Another lawn tip from my associate…she did not have time for grass to grow in some ugly, brown and bare spots on her front lawn and in some cases, the grass just never grew back at all. She cut around the bad areas and made a teardrop-shaped cut out on that spot and filled it in with a few container plants she had growing in the yard.  My colleague arranged the containers on 3 different levels…small, medium and large and then filled around the containers with mulch to even things out. The arrangement looked very nice.  One of her empty containers (she often picks them up in the dollar store or finds disposed of in construction sites), she cut in half and placed it cut-side down on the bare spot on the lawn in front of the 3 flower-filled containers.  She filled the cut container with soil and threw in a handful herb seeds, namely dill and in about 2 weeks; the container flowed with pretty green herbs and ‘spilled out’ the container onto the ground covering the area cut out from the lawn.  It made a nice presentation and was not too ‘much’ and at the same time hid the very worst part of our property.  My friend noticed that even after I sold the home, the new owners still kept the container area as it was when she had the home for sale.

6)  Another consideration when taking control of curb appeal when selling your home is to remove or trim down those trees and bushes which hide the beauty of your home. So often buyers look at photos of homes, which show a huge tree in front of the house that hides any view from the inside to the street. If you cannot see the home in a photo or in a drive-by viewing, this again reduces the chances that a potential buyer may be interested in your home.  No one wants to ‘guess’ what a home really looks like and if there are overgrown bushes and trees hiding the house, potential buyers do not want to envision having to clear the property themselves. So be bold and trim the bushes down and if necessary, remove whatever seriously blocks viewing the home’s charm and character from the street. 

7)  Along the lines of seeing a home from the street is the inability to do so if you have cars parked in front that do not always need to be there.  Granted, we need to park our cars but if you have the opportunity to take your car to the street or to the furthest end of your property for a few hours on the weekends or, if you have a large driveway and can move the car away from the front of the home, then take the time to do this. Buyers need to visualize the home as it would be if they lived there and anything which detracts from this thought is a non-plus for you as the seller. Weekends are usually the busiest times for drive-by house viewing so if you can move your car to a neighbor’s driveway or off your own driveway for a few hours, do so.  It may make a difference in the curb appeal of your home.

 

Also, as a reminder, if you have any cars, boats or trailers parked in front of your home, which really do not need to be there…a car you were going to work on or an inoperable vehicle without any registration and kept putting off paying to be towed away, make a decision as whether it really needs to be there or not.  Call a charity to have it towed away and donate it.  Put an ad in the paper or on craigslist for a free boat or project car, but by all means, remove any unnecessary vehicles, which really take away curb appeal and make the property look more like a car dealership or a parking lot than a home. 

So the main items to consider when creating curb appeal are to:

•Neaten up the property

•Plant grass or sod wherever possible – if not possible, hide bad spots with container gardens.

•Trim and cut away trees and shrubbery which prevent drive-by buyers from seeing your property and the home to its fullest.

•Remove cars on higher drive-by traffic days and permanently remove any cars, boats or trailers, which will not be sold with the home.

•Call a landscaper for his/her opinion and talk about a quote for neatening up the property.  See if you can afford at least a portion of it to be professionally ‘neatened’ and if not; get ideas from a professional that you can use later on your own.

 

To go www.kenyan-real-estate.com

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5 Features to look for when choosing a Property in Kenyan Real Estate Rental Service http://www.kenyan-real-estate.com/blog/5-features-to-look-for-when-choosing-a-property-in-kenyan-real-estate-rental-service.html NTYtMTQ1MzgzNTAzMg== Tue, 26 Jan 2016 22:03:52 +0300 If you're thinking of using a property rental service for your Kenya holiday rental or apartment for rent, there are some key features you should look for before making a commitment. You'll want the best possible service while also earning maximum profits for your vacation rental. Here are five major features every property rental service should offer.

1. Excellent Customer Service

Your guests will remember you by the service they receive during their stay at your villa rental, apartment or vacation rental. The property rental service you choose should offer excellent customer service and be able to provide testimonials from satisfied property owners. Your guests should arrive to a clean villa, home or apartment.

If renting for a vacation, golf holiday or some other Kenya holiday, each guest should receive a welcome packet including directions to the rental property as well as helpful information about the surrounding area. If you have an apartment for rent, tenants should be treated well. Rental payment collection, service maintenance and assistance with local utility and phone set-ups should be provided with friendliness and thoroughness.

2. Cleaning Management

A property rental service should provide reliable cleaning management. You might live too far away to handle cleaning or manage a maid service. If you live in England or the U.S., but your vacation rental or apartment for rent is located in Parklands, lavington, Karen, kitusuri, or kileleshwa of Kenya, then you'll need a property rental service that will handle cleaning with care. For holiday rentals and villa rentals, cleaning must be provided between each guests' stay and sometimes during the week of a stay as well. For vacation homes and villas, the lawn must be maintained as well. Be sure this is included with your service.

 

3. Key Holding, Inventory, and Detailed Necessities

You may not be able to handle local errands for your vacation rental or apartment for rent. Therefore, the property Kenya real estate rental service should be entrusted with these tasks. Some necessities to keep the rental property operating legally include key holding, insurance, property tax and levies, building permits or licensing, bank account management, phone and utility set up and billing, etc.

Another area of importance is inventory.  The furniture and other valuables in your apartment or villa rental must be kept on an inventory list and checked physically each time a guest departs. If you live in another country but own rental property in an area of Kenya such as Westlands, Runda, upper hill, Ruai or any other area, then obviously you're going to need someone locally who can check your inventory for you. Choose a property rental service that provides these types of services to eliminate worries while you're away.

4. Building Refurbishing and Major Repairs

Another feature to look for in a property rental service is whether or not they provide building refurbishing services and major repairs. The benefit of this is the provider will already have contacts to do the jobs needed. You won't have to spend endless hours trying to find a dependable contractor or handyman.

 

5. Promoting Your Apartment or Kenya Holiday Rental

Check to be sure the property rental service will promote your apartment for rent or Kenya holiday rental. Promotions will increase your number of rentals and profits each year. A property rental service may handle your advertising in local, national and international venues. If they have a website, they may promote your holiday rentals at the site. If you own a vacation rental near golf courses, then make sure they will advertise your rental from the angle of "holidays."

Keep these features in mind during your search for a property rental service. By choosing a service with great features, you'll have peace of mind knowing that your holiday rental or apartment for rent is in good hands!

 

Get more on www.kenyan-real-estate.com 

 

 

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10 Ways to Find Investment in Kenyan Real Estate http://www.kenyan-real-estate.com/blog/10-ways-to-find-investment-in-kenyan-real-estate.html NTUtMTQ1MzgzNDg0OA== Tue, 26 Jan 2016 22:00:48 +0300 You’ve got a project with exceptional architecture, you’ve completed months of review and modification, your design team is sure this project will get significant notoriety, yet after hours of going back and forth in City Council meetings, they ask you to cut the project in half, increase the setbacks, or just drop the project altogether.

Does this sound familiar?

Developing commercial and residential projects in urban areas require special care.  While some urban areas are on the verge of new developments, misunderstanding and community opposition can block even the best designs.

You can reduce risks by taking a thoughtful approach to the process.  Some residents and politicians demand programs be based on trust, openness, and consensus building.  This should not mean you compromise your design.  Executing these ten important steps can result in strong design and a smooth process especially in real estate Kenya.

Consensus doesn’t mean that everyone agrees, it’s more about showing respect for different opinions, developing relationships, and identifying shared goals to establish positive public opinion so the project will gain community and government acceptance. It’s important to nurture supporters and expose the extremists.

The following 10 points should be addressed:

1. Create the vision.  It’s about design, not density.  Establish a vision early by connecting it to local settings and looking for ways to build partnerships.  Good design attracts people especially middle class and young rich folks thinking to enter real estate Kenya industry.

2. Know your market.  Do the homework necessary to understand the competition and the market forces that influence a project.

3. Understand the issues.  All communities have a set of unique characteristics and issues that guide their decisions.  It’s essential to have a good understanding of the marketplace, environment, regional influences, and financial aspects.  There is no single solution.

4. Get the public benefit.  Make the benefit for the city & community clear.

5. Pay attention to everyone who has a stake in the project.  Have small discussion groups to get their feedback.

6. Establish trust.  Do this by sharing knowledge and listening carefully.  Be honest, encourage participation from everyone, stay neutral and pursue win-win goals.

7. Inform decision makers.  Meet one-on-one and provide solutions to educate decision makers.

8. Use the media.  Take the high road and keep the message simple.  Talk about helping the community.

9. Use the unique.  Incorporate the area’s physical social and historical environment into the design.

10. Be patient .  Listen carefully, provide guidance, establish credibility, and let the process grow.

By using these ten points, several revitalization plans have been completed in the face of strong initial community resistance.  Guided by strong visions which have been established by working with city programs launched to solicit feedback and educate everyone have had a profound effect in the success of revitalization efforts.

Implementing major public and private improvements can convert old spaces into lively gathering places for community activity.

 

For more go to www.kenyan-real-estate.com

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10 Tips to Buy Kenyan Real Estate without Breaking Your Budget http://www.kenyan-real-estate.com/blog/10-tips-to-buy-kenyan-real-estate-without-breaking-your-budget.html NTQtMTQ1MzgzNDA2Mg== Tue, 26 Jan 2016 21:47:42 +0300 You’ve got a project with exceptional architecture, you’ve completed months of review and modification, your design team is sure this project will get significant notoriety, yet after hours of going back and forth in City Council meetings, they ask you to cut the project in half, increase the setbacks, or just drop the project altogether.

Does this sound familiar?

Developing commercial and residential projects in urban areas require special care.  While some urban areas are on the verge of new developments, misunderstanding and community opposition can block even the best designs.

You can reduce risks by taking a thoughtful approach to the process.  Some residents and politicians demand programs be based on trust, openness, and consensus building.  This should not mean you compromise your design.  Executing these ten important steps can result in strong design and a smooth process especially in real estate Kenya.

Consensus doesn’t mean that everyone agrees, it’s more about showing respect for different opinions, developing relationships, and identifying shared goals to establish positive public opinion so the project will gain community and government acceptance. It’s important to nurture supporters and expose the extremists.

The following 10 points should be addressed:

1. Create the vision.  It’s about design, not density.  Establish a vision early by connecting it to local settings and looking for ways to build partnerships.  Good design attracts people especially middle class and young rich folks thinking to enter real estate Kenya industry.

2. Know your market.  Do the homework necessary to understand the competition and the market forces that influence a project.

3. Understand the issues.  All communities have a set of unique characteristics and issues that guide their decisions.  It’s essential to have a good understanding of the marketplace, environment, regional influences, and financial aspects.  There is no single solution.

4. Get the public benefit.  Make the benefit for the city & community clear.

5. Pay attention to everyone who has a stake in the project.  Have small discussion groups to get their feedback.

6. Establish trust.  Do this by sharing knowledge and listening carefully.  Be honest, encourage participation from everyone, stay neutral and pursue win-win goals.

7. Inform decision makers.  Meet one-on-one and provide solutions to educate decision makers.

8. Use the media.  Take the high road and keep the message simple.  Talk about helping the community.

9. Use the unique.  Incorporate the area’s physical social and historical environment into the design.

10. Be patient .  Listen carefully, provide guidance, establish credibility, and let the process grow.

By using these ten points, several revitalization plans have been completed in the face of strong initial community resistance.  Guided by strong visions which have been established by working with city programs launched to solicit feedback and educate everyone have had a profound effect in the success of revitalization efforts.

Implementing major public and private improvements can convert old spaces into lively gathering places for community activity.

 

For more go to www.kenyan-real-estate.com

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10 Steps to a Successful Urban Redevelopment Project in Kenyan Real Estate http://www.kenyan-real-estate.com/blog/10-steps-to-a-successful-urban-redevelopment-project-in-kenyan-real-estate.html NTMtMTQ1MzgzMzY1Ng== Tue, 26 Jan 2016 21:40:56 +0300 You’ve got a project with exceptional architecture, you’ve completed months of review and modification, your design team is sure this project will get significant notoriety, yet after hours of going back and forth in City Council meetings, they ask you to cut the project in half, increase the setbacks, or just drop the project altogether.

Does this sound familiar?

Developing commercial and residential projects in urban areas require special care.  While some urban areas are on the verge of new developments, misunderstanding and community opposition can block even the best designs.

You can reduce risks by taking a thoughtful approach to the process.  Some residents and politicians demand programs be based on trust, openness, and consensus building.  This should not mean you compromise your design.  Executing these ten important steps can result in strong design and a smooth process especially in Kenyan Real Estate.

Consensus doesn’t mean that everyone agrees, it’s more about showing respect for different opinions, developing relationships, and identifying shared goals to establish positive public opinion so the project will gain community and government acceptance. It’s important to nurture supporters and expose the extremists.

The following 10 points should be addressed:

1. Create the vision.  It’s about design, not density.  Establish a vision early by connecting it to local settings and looking for ways to build partnerships.  Good design attracts people especially middle class and young rich folks thinking to enter Kenyan Real Estate industry.

2. Know your market.  Do the homework necessary to understand the competition and the market forces that influence a project.

3. Understand the issues.  All communities have a set of unique characteristics and issues that guide their decisions.  It’s essential to have a good understanding of the marketplace, environment, regional influences, and financial aspects.  There is no single solution.

4. Get the public benefit.  Make the benefit for the city & community clear.

5. Pay attention to everyone who has a stake in the project.  Have small discussion groups to get their feedback.

6. Establish trust.  Do this by sharing knowledge and listening carefully.  Be honest, encourage participation from everyone, stay neutral and pursue win-win goals.

7. Inform decision makers.  Meet one-on-one and provide solutions to educate decision makers.

8. Use the media.  Take the high road and keep the message simple.  Talk about helping the community.

9. Use the unique.  Incorporate the area’s physical social and historical environment into the design.

10. Be patient .  Listen carefully, provide guidance, establish credibility, and let the process grow.

By using these ten points, several revitalization plans have been completed in the face of strong initial community resistance.  Guided by strong visions which have been established by working with city programs launched to solicit feedback and educate everyone have had a profound effect in the success of revitalization efforts.

Implementing major public and private improvements can convert old spaces into lively gathering places for community activity.

 

For more go to www.kenyan-real-estate.com 

 

 

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How Do You Sell An Expensive Kenyan Real Estate Home? http://www.kenyan-real-estate.com/blog/how-do-you-sell-an-expensive-kenyan-real-estate-home.html NTItMTQ0ODY0MDQ4OA== Fri, 27 Nov 2015 19:08:08 +0300 You’ve lived in your house for years and taken pride in with numerous improvements. Now it is overvalued and you’re wondering, "How do I sell an expensive house?"

When discussing how to sell an expensive house, there are two scenarios in which the issue comes up. The first is you have a home in an expensive neighborhood, but one which you’re asking for a price comparable to similar homes around you. In such a situation, you should be able to sell your expensive house through traditional means, either as a FSBO listing or through a realtor. The home should be cleaned up and listed with a multiple listing service. Open houses should be undertaken as well as online advertising with photographs. In this current market, you should be able to move the home fairly quickly.

The second expensive house scenario is a bit more complicated. In this scenario, you have improved your home beyond a value supported by surrounding structures. This can often occur if you live in a home for a substantial period of time and make additions to the home such as new rooms, floors, renovated kitchens and so on. The homes in your neighborhood all appraise for roughly Kshs.3, 000,000, but your additions should make the house worth upwards of Kshs.4, 500,000. You have a problem because nobody is going to buy the most expensive home on the block.

What To Do? 

You’re first choice is to hold onto the home and hope the neighbors get around to improving their homes. This strategy is rife with problems and should probably be avoided.

A better choice is to target market your home to a specific demographic. If you’ve added rooms to your home, you should create advertisements directed at families with multiple children matching the number of bedrooms you have. If you’ve gone nuts with improvements in the kitchens and fixtures, you should market the home as “luxury without the price.” The point is to turn your problem into a unique selling position for the house. Trust me, there is a buyer out there looking for a solution to their problem.

Appraisal Problems

If you house is over-improved, every potential sale will fall through because the appraised price will make it difficult for the buyer to get a loan. The best way for dealing with this is to “carry a second” mortgage on the home. In essence, you agree to take a certain percentage of the price in payments over a certain time period. This allows the buyer to get into the house and you to get out. If you go this direction, make absolutely sure you use a lawyer to make sure everything is legal.

Trying to sell an expensive house can be a challenge. That doesn’t mean it can’t be done. Go to www.kenyan-real-estate.com

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How Directory Listing Boosts Kenyan Real Estate Sales http://www.kenyan-real-estate.com/blog/how-directory-listing-boosts-kenyan-real-estate-sales.html NTEtMTQ0ODY0MDM0Ng== Fri, 27 Nov 2015 19:05:46 +0300 The real estate industry is a competitive one, and as a player in that market, you’ve got to play every edge that you can find. You’ve got your listings on MLS, submitted your ads to the newspaper classifieds, bought space in local realty For Sale magazines and even set up your own website. Now you need to maximize your exposure by getting the word out about the service that you offer. Listing your real estate related web site with a real estate directory is an excellent way to help drive targeted traffic to your website.

What’s ‘targeted traffic’?

Targeted traffic is what you want to make it worthwhile having a web site. The prettiest web site in the world is only useful if it provides leads for your sales. In order to do that, you need to attract traffic – and not just any traffic. You want web site visitors that are looking for what you’re selling – whether it’s homes, inspections or contractor services.

How to Get Targeted Traffic

You COULD just submit your web site to the search engines… and watch your listing get lost in the thousands of realtor, real estate, house for sale, sell houses and other realty-related web sites. Most web experts agree that in order to benefit from search engine traffic, your listing needs to appear in the first three pages of the search engine results.

There are ways to boost the flow of targeted traffic to your web site – and on the World Wide Web, increased traffic means increased sales. A real estate directory can help boost your real estate sales in a number of ways.

Why List Your Realty Site with a Kenyan Real Estate Directory?

On the web, fewer means more. When you rely on Google and Yahoo! and MSN searches for your traffic, you’re a tiny minnow in the ocean. There are literally thousands of other real estate sites competing for a spot in those first three pages. Want to be a big fish in a little pond?

A listing on the right real estate directory will put you where your potential customers and clients will see you – on a site that’s designed for people who are looking for information about what you sell. Suppose you buy foreclosed homes in Kenya. Because a real estate directory categorizes its listings, your potential clients don’t have to wade through three pages of listings for real estate agents and home mortgage companies to find your listing.

Because the real estate directory has links to and from many web sites that are relevant to real estate, it’s far more likely to rank higher in the page results than any single-realtor site. When you submit your web site to a real estate directory, you’re leveraging the popularity and page ranking of the directory to bring traffic to your web site.

How a Kenya real estate directory boosts YOUR web site’s ranking

But you’re also helping to boost the position of your own web site in the rankings. Because many search engines count the links to your web site to establish the popularity of your web site, every link from an outside site gives yours a little boost. Even more importantly, when a web site that Google recognizes as an authority links to your site, you get an extra little bump up in the listings.

Reciprocal links, search engine submissions and submissions to directories are all important pieces of your web presence and marketing. By paying close attention to them all, you’ll find that your web site pays off in increased sales.

Get more on www.kenyan-real-estate.com

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How Can A Short Sale Benefit Kenyan Land Property Sellers? http://www.kenyan-real-estate.com/blog/how-can-a-short-sale-benefit-kenyan-land-property-sellers.html NTAtMTQ0ODYzOTI0Mw== Fri, 27 Nov 2015 18:47:23 +0300 How would it feel to lose your dream home for no fault of your own? Financial problems characterize each of our lives and none of us really know what will affect us when. However, we cherish our dreams and make enormous efforts towards realizing them, oh which some of us come true, some do not, while some we lose reaching almost the threshold of acquiring. A breathing reality that is so much common in all of our lives is the threat of facing foreclosure and eventually losing home to some unwanted agency. Mortgages do have their benefits, but the slightest folly on your part can transform mortgages into deadly nightmares.

There are several turns and twist that characterize our career. Moreover, we have regular needs to meet in terms of ourselves as well as our loved ones, which is why the added worry regarding losing your property due to the inability to repay your mortgage is what none of us would want. However, your mortgage company is after all a business entity and would not want to empathize with you at any given instance. And what is the result? Your property, your own dream home, is under threats of property foreclosure or forfeiture by the lender company.

However, things are still not beyond your control only if you know how to take good care of your property. A short sale comes by as an assured relief here, whereby you can sell your home to someone at a price lower than the mortgage balance (or, less than the loan balance). So how do you profit from such a transaction as a seller? You are the one who wins in the run by being able to avoid foreclosure of your property by selling it of before the actual real estate foreclosure auction takes place. However, this possibility would have never existed if you would have lost the home to the mortgage company.

It is immaterial what you owe to the bank or if your property is less than that value. As a homeowner, you can save yourself all the trouble related to foreclosure sale and also save a lot of money on conducting such an event. If you would have tried selling your house following a normal procedure through a realtor, it would also have cost you a lot of bucks. However, by a short sale of your property, you can actually save some millions of shillings. At times, it is also possible for you as the homeowner to make some money from this deal and keep it for your personal use. Evidently, you are out of money and this cash is going to be of some relief to you and your family.

Your mortgage company will readily accept the cash you provide them because through short sale of a property they can save themselves from a lot of trouble in dealing with the sale of the property under question. They will save a lot of time, labor and some thousand bucks by allowing you to short sale your property and repaying them their balance mortgage amount.

Go to www.kenyan-real-estate.com

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How Can A Lender Benefit From A Kenyan Property Short Sale? http://www.kenyan-real-estate.com/blog/how-can-a-lender-benefit-from-a-kenyan-property-short-sale.html NDktMTQ0ODYzODkzNg== Fri, 27 Nov 2015 18:42:16 +0300 The event where a property is declared for real estate foreclosure is not only unfortunate for the inhabitants of the domain, but also for the lender organization, which has issued the loan securing it on the property under consideration. Certainly, the homeowner has to undergo a lot of humiliation and embarrassment for losing home, topped with a bad credit score along with inducing for one some restless nights and limitless worries to make things even worse than ever. But it is not only the homeowner who suffers for facing foreclosure, but also the lender entity which has to go through a lot of trouble in recovering its losses.

The lender has now to carry out the entire foreclosure procedure, bear all the expenses relating to conducting a successful auction, refurbishing the property to make it suitable for sale, finding the right buyers or investors and, of course, bearing all the direct losses from the creditor’s part. And often it is so that the lender does not find a buyer at all, meaning loss and more of that! So what can you, as a lender do to overcome this? The answer is simple though many people do not avail of it due to the utter lack in knowledge – property short sale!

Short sale refers to that phenomenon in the real estate industry where the lender agrees to selling the property in question at a lesser rate than the usual industry rate (that is, less than the loan balance), thereby making up for its losses from the borrower not being able to pay back one’s debts. With a successful short sale, the homeowner effectively sells one’s home at a lower price before the actual property foreclosure and pays off the debt back to the lender entity, thereby avoid foreclosure auction. By conducting a property short sale, it is not just the homeowner being benefited but also the lender saving up a lot.

The lender is directly paid its debt back and it can easily overcome the minor losses that this payment default has induced. The losses thus induced are nothing compared to the expenses that the bank would have had to bear n order to conduct the foreclosure proceedings. Lenders are increasingly viewing short sale as an effective alternative to foreclosure as it has its own benefits, which are farther reaching than an actual foreclosure auction. The most overt advantage that short sale has over foreclosure is recovering excessive financial losses. A short sale is usually conducted by specialized professionals and the lender does not need to involve in it directly, thereby saving on its labor.

Unlike foreclosure proceeding, short sale does not involve any additional fees for closing a successful deal. As a lender and the subsequent forfeiter of the property under question, you will not be needed to take up all the trouble of refurbishing or repairing the property prior to the foreclosure auction. There is no need to market the property or sell it. By approving the short sale of the property under question, you, as a lender, can expect to get the property price closer to industry standards, which are remarkably low when a property is put to auction.

www.kenyan-real-estate.com

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Properties in Kenya Selling Tips http://www.kenyan-real-estate.com/blog/properties-in-kenya-selling-tips.html NDgtMTQ0ODYzODc2MQ== Fri, 27 Nov 2015 18:39:21 +0300 There are hundreds of good house selling tips that can help you when the time comes to put that sign in the yard. Some are more important than others though. Here are three of the most important points.

 1. Understand Value. Your home is not worth more because you like it, and it may not even be worth more after you spend Kshs.1, 000,000 making it the way you like it. It is worth what others will pay. One of the worst parts of a real estate agent's job is trying to explain to a nice couple that their Kshs.4, 500,000 in kitchen improvements only added Kshs.1, 000,000 to the value of the house.

It is easy to see the problem with pricing too low, but making less money is a problem of pricing too high as well. You have costs that you pay while waiting to sell. Also, people are suspicious of homes that have sat unsold for a year, and less likely to make an offer even if you have finally lowered the price. The perfect buyer who would have paid the most, might have looked at the home when it was over-priced and walked away. To get the most money, price it right to begin with.

 2. Understand The Market. Who are your potential buyers? A sign in the yard won't help much if you're selling a summer home in the woods and all the buyers are in the city. Once you identify who the likely buyers are, you or your agent can decide which ways to market the property.

Are you in a quiet neighborhood that is attracting retirees? If so, you would want to advertise the fact that your house has one level. "No stairs!" can be an important selling point to older buyers. If the neighborhood is one that is likely to attract young couples, however, it would be a waste of words. Consider your market before you try to sell.

 3. Cost-Effective Preparations. Of course you should clean the house and mow the lawn. The other things you do to get ready for the sale should be cost effective though. As a rule, you should first do those things that will give you a three-to-one return on your money.

It isn't important (or possible) to be precise. The point is to do things that raise the value more than they cost. Kshs.100, 000 to repave the driveway may increase the value of the house by Kshs.300, 000, but a $50,000 pool might add only Kshs.2, 500, 000 in value. Start by replacing that dented mailbox, and work on those things that get "the most bang for the buck."

If you have the time and motivation, you can find endless little house selling tips. That may not be a bad idea, but why not start with the important things first?

www.kenyan-real-estate.com

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Kenyan Real Estate Property Down Payment Assistance http://www.kenyan-real-estate.com/blog/kenyan-real-estate-property-down-payment-assistance.html NDctMTQ0ODYzODU4Ng== Fri, 27 Nov 2015 18:36:26 +0300 As home prices continue to appreciate throughout the nation, down payments become harder to make. Housing down payment from HUD may be the answer.

Housing Down Payment Assistance – HUD

One of the biggest financial hurdles to the American Dream of owning a home is the down payment. The magic number with down payments is twenty percent of the value of the home. If you can put down this amount, you avoid expenses such as private mortgage insurance and get a head start on building equity in the property. It can be hard, however, to come up with twenty percent on a home selling for Kshs.30, 000,000, to wit, you need Kshs.6, 000,000!

Homes can then be purchased through HUD and financed through FHA-approved low interest loans. In addition, HUD offers other services including housing down payment assistance. Although HUD does not offer these directly to the public, it has DAPs in place. A DAP is Down payment Assistance through Secondary Finance Providers. These providers are backed by HUD and offer no to low interest loans that be used for down payment assistance when it is needed. Instead of financing your home purchase, they finance the down payment required for the purchase.

As you might imagine, financing you down payment in addition to your overall real estate purchase raises some questions. First, should you buying the property in question if you have to pursue both financing options? Owning a home is a great financial move, but you might be biting off more than you can chew by going in this direction. Second, perhaps you should choose a home with a lower price? This double finance situation means you are going to be paying a lot of interest to get into that home. Ultimately, you might regret doing so when you realize you will never see it again.

Housing down payment assistance through HUD can be incredibly useful. In fact, all of the services offered through HUD can greatly assist any potential homebuyers. They offer great, low cost homes and offer assistance to homeowners who are struggling to make the payments on their own home. This service should be taken advantage of when necessary.

www.kenyan-real-estate.com

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Kenyan Real Estate House Price Rises – A Cautionary Tale http://www.kenyan-real-estate.com/blog/kenyan-real-estate-house-price-rises-%E2%80%93-a-cautionary-tale.html NDYtMTQ0ODYzODQ4Mw== Fri, 27 Nov 2015 18:34:43 +0300 In general, property prices appear to be rising. Between January and May 2007, the uplift in house prices across the country averaged 4.4%. In the event that this trend continues, then the yearly rise will be 13%. This will put the average house price at almost Kshs.7, 500, 000.

The Council of Mortgage Lenders confidently expects a number of property sales to be completed this year. This is a rise in the 970,000 previously predicted. They also expect mortgage loans to be Kshs.10billion more than they had thought, at a total of Kshs.85billion.

All this sounds very upbeat and encouraging. New loans approval for house purchases in March 2006 was more than 25% higher than for the same period 12 months earlier.

However, first time buyers are finding it especially difficult to get on the first step of the housing ladder and in some areas, particularly the western Kenya, prices have been fairly static. First timers are needed to set off the sequence of events from starter homes upwards.

In many other parts of the country, including the south coast and even Nairobi, house sales have continued to be buoyant, levelling out the average price of homes. According to the Construction and Building Society the rate of growth is expected to even out across Kenya and it is thought that prices will rise to in excess of three times the predicted level during 2008.

Capital Economics, the economics consultancy, have been predicting that property prices will start to drop in the Kenya market for the past few years and was of the opinion that prices would drop by 5% in 2008; however they appear to have been over cautious according to the above figures are correct. There is some cause for caution though.

The Council of Mortgage Lenders has revised its forecast regarding interest rates and now expects the cost of borrowing to rise, maybe from 4.5% to 4.75%. Their economist, Jim Cunningham, thinks that demand should remain vigorous in the coming months but says that confidence and activity are closely linked with interest movements and predictions. The result of this could be a more modest rise in house sales after the recent highs. He does, however, look forward to a better outlook for 2013.

Mortgage lenders are becoming increasingly more cautious regarding their lending levels and the size of mortgages they will fund. This in turn limits the budget of the potential buyers.

The problem is that interest rates have been exceptionally low in recent years, in fact at their lowest level since 1955 and this has created an exaggerated level of debt. A rise in the mortgage rate may result in more people falling behind with their mortgage payments and an increased likelihood of their homes being repossessed.

Some caution is needed in this market. Purchasers who have taken on large loans on the back of the rise in houses could find some of the above factors worrying. If interest rates rise there could be an adverse effect on house sales and people could find themselves with increasingly expensive mortgages whilst there may be some stagnation in the property market, if not actual falls in prices.

It seems to be a time to exercise some caution. Mortgage debt can creep up and your house could just be slightly less of the asset in once was. Take care. For more just logon to www.kenyan-real-estate.com

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Kenyan Property Renovations - The Basics of Home Remodeling http://www.kenyan-real-estate.com/blog/kenyan-property-renovations-the-basics-of-home-remodeling.html NDUtMTQ0ODYzODM5Ng== Fri, 27 Nov 2015 18:33:16 +0300 With the mortgage business being what it is these days, it may be a safer think to fix up your house as opposed to selling it and purchasing a new one. House prices have come down so much that nowadays homeowner will have a hard time finding the right value for their land. Most people are turning to house renovations to enhance the price of their house and prepare for the future bounce back in the housing market. Here are a few simple home remodeling tips that can help you fix your house up.

If you are looking to obtain the most for your money, it is a great bet to start with the kitchen. One problem you may encounter is that a complete kitchen renovation may take a little longer than expected and the cost could be a bit higher than you have to expend. A good place to start renovating your kitchen is with something inexpensive like the walls. Slap a fresh coat of paint on your kitchen walls and it can do wonders for the appearance and feel of the kitchen.

The next thing you want to focus on is the bathrooms. The kitchens and the bathrooms in your house will be the major focal spots when you go to sell your residence. This is why you want to start with these two parts and repair them up as much as possible. A good place to start in your bathroom is the flooring. If you can, don’t make use of vinyl for your flooring and if you do have vinyl floors, upgrade these floors to tile.

The next point to modernize and enhance the value of your home is the front area of your house. Whether this is a small area of grass or you have a big front yard with a garden, you want to ensure that you have excellent curb charm when you are planning to sell your house.

The economy may be on a down swing, but you know how to still do the aforementioned things in order to increase the value of your house while you stay for the economy to recover. Do these things and you will be good on your way to a great house remodeling job.

Visit www.kenyan-real-estate.com

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How to Profit from Kenyan Real Estate Properties Without Being an Investor or Realtor http://www.kenyan-real-estate.com/blog/how-to-profit-from-kenyan-real-estate-properties-without-being-an-investor-or-realtor.html NDQtMTQ0ODYzODMwMQ== Fri, 27 Nov 2015 18:31:41 +0300 You don't have to have a title in order to profit from real estate.  In fact, even if you are not an investor, realtor or someone who has studied the market, you can still profit from real estate.  All you have to do is know exactly where to find the market at.  By doing this, you will have the chance to put some extra change in your pocket. 

Investing in real estate is as simple as finding a place that you like and deciding to use it for something outside of your living room.  You can profit by renting or leasing space out to others, fixing a property and re-selling it, or by using it for a need that you see in a community.  No matter what you want to invest in, you can be sure to earn a profit after you have found the right space and location for your investment. 

When you are considering investments that you will want to make, you will want to also consider the types of risks you are willing to take with the investments.  You want to first think about the investments that you can make at first that will benefit the most.  Usually, it will take time to begin making the money back, so your financial situation will need to be stable and you should never go out of your means. 

Many times, profiting from real estate simply means having the ability to invest in your own home, than sell it for a higher price when the market is better.  If you are keeping up with the real estate market, you will know when it is a good time to sell and when it is better to hold onto what you have.  This is an easy way to build up your investment and move into something better. 

No matter how large or small, there is always a way to benefit off of living space.  By finding what is out there and making the right investments, you will easily be able to turn real estate into a living. 

Visit www.kenyan-real-estate.com

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How to Find a Good Kenyan Real Estate Investment Property http://www.kenyan-real-estate.com/blog/how-to-find-a-good-kenyan-real-estate-investment-property.html NDMtMTQ0ODYzNjIzOQ== Fri, 27 Nov 2015 17:57:19 +0300 There are many ways in which you can find a great property for your real estate investment. The problem lies in the fact that many would be investors aren’t exactly certain what specific types of investment they wish to make. Unfortunately, the type of investing will greatly affect the type of property that will best suit your real estate needs. This article focuses on finding a great property for the purpose of flipping or rehabbing a property.

Seek Bargains

This is absolutely a necessary step when it comes to finding properties with excellent potential as flipped properties. Bargains are often sold at bargain prices for a reason. The good news is that many of these reasons are purely cosmetic and quite simple to fix. Finding a realtor that is willing to work with you for lower prices, bargain properties offer an excellent place to begin. If he or she is a knowledgeable professional you should have access to properties that would have been unavailable to you had you continued the search without the assistance of a professional.

Another great place to find bargains of this nature is to search through foreclosures, auctions, and homes that are preparing to enter into foreclosure. While not always the case, there are many in these situations that are willing to be a bit more flexible with the price. Never offer full asking price first. Start low and negotiate up. This may lose some properties but in the end it will be a much more profitable venture if you can get the properties you want for a smaller investment.

Know the Neighborhood

Before placing a bid on a potential property for flipping you need to learn as much about the neighborhood as possible. You do not want to place a family home in the middle of a retirement neighborhood, nor do you want to place a potential bachelor pad in that type of area. You also want to avoid areas that are entering a state of decline, as the rehab efforts are unlikely to achieve the profits you are hoping to receive. Instead, look for bargains in areas that are approaching some sort of renewal or have very low crime and excellent growth potential.

If you are rehabbing a home that is meant to appeal to families make sure the neighborhood is safe, has a relatively low crime rate, access to good schools, and entertainment opportunities that may appeal to families. These things will affect the price you are likely to be able to expect once the rehab efforts have been completed as well as the type of renovations you will need to perform on the property. Buying a property in an area that you know nothing about is like buying a property without an inspection—which brings me to my next point.

Get a Thorough Inspection

This is one of the most important steps in the process of selecting the perfect property for your real estate investment needs. A qualified inspection will prepare you for any problems that may arise during the course of your work on the home. These are things that will affect the amount of money you should offer on the home, the amount of money you will need to invest in repairs, and the amount of money you can expect once all is said and done.

 

Failing to have a complete and proper inspection can lead to disaster when the renovations begin costing extra money and time as efforts are undone in order to get to the root of the problems as you go. There are very few things that can save you the time or money that having a decent inspection can manage to save. Inspections can also make you aware of any structural problems, code problems, and other problems that may mean the difference between this property offering a possible profit or a probable loss. It is much better to be armed with this knowledge before ever making an offer on the property in question.

Realize That You do not Need to Buy the First Property You See

This is an important thing to remember. If the first property doesn’t speak to you, move on until you find one that does. This process is part science and part inspiration. If you are uninspired by a property it is unlikely that this property will suddenly take on a life of its own in order to suit your real estate investment needs. Keep searching until you find the property that meets all of your needs in order to find the perfect property for your first or your fiftieth flip.

www.kenyan-real-estate.com

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How Can A Lender Benefit From Kenyan Property Short Sale? http://www.kenyan-real-estate.com/blog/how-can-a-lender-benefit-from-kenyan-property-short-sale.html NDItMTQ0ODYzNjA1MQ== Fri, 27 Nov 2015 17:54:11 +0300 The event where a property is declared for real estate foreclosure is not only unfortunate for the inhabitants of the domain, but also for the lender organization, which has issued the loan securing it on the property under consideration. Certainly, the homeowner has to undergo a lot of humiliation and embarrassment for losing home, topped with a bad credit score along with inducing for one some restless nights and limitless worries to make things even worse than ever. But it is not only the homeowner who suffers for facing foreclosure, but also the lender entity which has to go through a lot of trouble in recovering its losses.

The lender has now to carry out the entire foreclosure procedure, bear all the expenses relating to conducting a successful auction, refurbishing the property to make it suitable for sale, finding the right buyers or investors and, of course, bearing all the direct losses from the creditor’s part. And often it is so that the lender does not find a buyer at all, meaning loss and more of that! So what can you, as a lender do to overcome this? The answer is simple though many people do not avail of it due to the utter lack in knowledge – property short sale!

Short sale refers to that phenomenon in the real estate industry where the lender agrees to selling the property in question at a lesser rate than the usual industry rate (that is, less than the loan balance), thereby making up for its losses from the borrower not being able to pay back one’s debts. With a successful short sale, the homeowner effectively sells one’s home at a lower price before the actual property foreclosure and pays off the debt back to the lender entity, thereby avoid foreclosure auction. By conducting a property short sale, it is not just the homeowner being benefited but also the lender saving up a lot.

The lender is directly paid its debt back and it can easily overcome the minor losses that this payment default has induced. The losses thus induced are nothing compared to the expenses that the bank would have had to bear and order to conduct the foreclosure proceedings. Lenders are increasingly viewing short sale as an effective alternative to foreclosure as it has its own benefits, which are farther reaching than an actual foreclosure auction. The most overt advantage that short sale has over foreclosure is recovering excessive financial losses. A short sale is usually conducted by specialized professionals and the lender does not need to involve in it directly, thereby saving on its labor.

Unlike foreclosure proceeding, short sale does not involve any additional fees for closing a successful deal. As a lender and the subsequent forfeiter of the property under question, you will not be needed to take up all the trouble of refurbishing or repairing the property prior to the foreclosure auction. There is no need to market the property or sell it. By approving the short sale of the property under question, you, as a lender, can expect to get the property price closer to industry standards, which are remarkably low when a property is put to auction.

www.kenyan-real-estate.com

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How Appraisals and Assessments Differ- Kenyan Property Investment http://www.kenyan-real-estate.com/blog/how-appraisals-and-assessments-differ-kenyan-property-investment.html NDEtMTQ0ODYzMzcyMA== Fri, 27 Nov 2015 17:15:20 +0300 Many people think appraisals and assessments are the same thing or at least that they should be for the same amount. The truth is they can vary greatly. Let’s look at each of them.

Appraisals

An appraisal is an estimate of market value. An appraiser can use many methods for coming up with this estimate. For income producing property, the appraiser may capitalize the value of the income stream. (It would take “x” shillings of capital invested at a “y” rate of return to produce an income equal to the rental income generated by this property.) For other properties, an appraiser may use “replacement value.” (It would cost “x” shillings to build this structure if it were being built today.)

Appraisers usually use “comparable sales” when evaluating the market value of a home. They look at nearby properties with similar characteristics, which have sold in the recent past to see at what price they sold. They typically give the most weight to the property they deem to be most like the property they are appraising.

Buyers and sellers generally encounter appraisals when the buyer’s lender has an appraiser make an evaluation of the market value of the property being sold. The lender wants to be sure of the value of the collateral for the loan. An interesting feature that comes into play in this situation is that one indication of value is at what price two unrelated parties will agree to buy and sell the same property. In other words, what is the contract price the seller and buyer of this property agreed on (if they are not relatives).

Assessments

An assessment is the value your local government puts on your property for the purpose of taxing it. How this value is derived varies from jurisdiction to jurisdiction. Some communities say the value is the same as market value. Some say the value is a percentage of market value. Some appear to actually do what they say they do, and some do not.

I was once a partner in an investment property that we were offering for sale at the time the county re-assessed it. Imagine my annoyance when the assessment came in at one hundred and forty percent of the offer price. We weren’t dummies. The partners were real estate professionals. I appealed the re-assessment, but my appeal was turned down. I offered to sell the property at the assessed price to the appraiser the county had hired to handle the appeals when he was telling me why he could not reduce our assessment. He did not take me up on my offer. Our property sold at the listed price months later. We had paid six months’ taxes on the property at a higher than market value.

On another occasion I helped some elderly people sell a farm they’d lived in all their adult lives. The farm sold for a price a great deal higher than the value at which it had been assessed.

I believe the two examples are fairly typical. Many jurisdictions will “puff up” assessments for businesses and investors and “low ball” assessments for people who have lived in their homes for a long time. Sometimes there are formulas for doing this. “Land use” is one such concept, i.e., the property is taxed at its value as a farm and the fact that it is ripe for dense residential and commercial development is ignored or deferred. Sometimes there are no formulas. It is just done.

For these reasons, it is usually not a good idea to put too much credence in the assessed value of a property when you are trying to figure out market value. They may be the same. They may be vastly different.

For more kindly go to www.kenyan-real-estate.com

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How and Why You Should Purchase a Kenyan Real Estate Website Template http://www.kenyan-real-estate.com/blog/how-and-why-you-should-purchase-a-kenyan-real-estate-website-template.html NDAtMTQ0ODYzMzIwMQ== Fri, 27 Nov 2015 17:06:41 +0300 Website temples are popular among many website owners and developers.  A website template makes it easy for a business to start and develop a company website.  Templates are a great way for individuals with little or no experience in web design to have a quality website.  A real estate website template is a popular choice among many real estate agents or agencies.

If you are operating a real estate business and are interested in developing a company website, there are a number of benefits to purchasing a real estate website template.  A real estate website template will act as a guide for individuals who are inexperienced in producing a quality website.  They will often come with amazing graphics and will give business owners ideas as to which information they should include on their website.  There are a large number of available website templates available; however, a real estate website template is specifically tailored to the real estate industry. 

A real estate website template can cost as little as twenty dollars or exceed over one hundred.  The price of a real estate website template will mostly depend of the quality of work.  If you are interested in obtaining a template with a number of graphics or multiple pages you should be prepared to spend extra money.  Although the majority of real estate templates are general and available for anyone to use, you can have a specific template designed to fit all of your needs.  There are a large number of website or template designers who will be more than willing to produce a customized template for you.  A customized template is likely to cost extra money. 

There are a number of different ways to find a quality real estate website template that will fit all of your needs.  To find a template you should perform an internet search.  Simply by searching for a real estate website template you should be provided with multiple businesses that sell the templates.  Each real estate website template should be explained or shown in great detail. It is advised that you never agree to purchase a real estate website template without first seeing what the final product will look like.  In addition to showing important template details, you should also be provided with a purchase price and any other important purchase information.

Once you have seen a number of real estate website templates you will need to decide which template will best suit all of your business needs.  There are a large number of general real estate templates; however, there are others that may be specifically tailored to a specific real estate area.  It is possible to find a real estate website template that is specifically designed for corporate, commercial, or residential use.  

No matter which type of real estate business you are running there are multiple real estate website templates that are sure to fulfill all of your desires.  Start your search for a quality real estate website template today.

Get more on www.kenyan-real-estate.com

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Easy Ideas for Creating Great Control Appeal to the Outside of Your property Kenya for sale http://www.kenyan-real-estate.com/blog/easy-ideas-for-creating-great-control-appeal-to-the-outside-of-your-property-kenya-for-sale.html MzktMTQ0ODYzMjk4Nw== Fri, 27 Nov 2015 17:03:07 +0300 No matter how beautifully decorated the inside of your home may be, if the outside of the house does not reflect what lies behind the front door, you may easily lose the sale.

Potential homebuyers frequently make a list of homes from various internet sites, advertisement listings or through a realtor that they wish to see and then drive by these homes to get a ‘feel’ for the property and the house.  Bottom line, if your home looks unappealing from the outside there is a good possibility your home will be crossed off the list of potential purchases.

Decide to spend a weekend fixing up the outside of your home and stick to a plan.

  1. Call two or three local landscapers and ask them to come out for a landscape appraisal but most importantly ‘pick their brain’ for ideas of how best to show your home.  Explain that you are selling the home and wish only to make the most of the exterior at minimal cost to you.  In some cases, you might be surprised, particularly during slow landscaping seasons that you can afford to have a professional lightly landscape your property or at least modify a portion.

For less than Kshs.50, 000, an associate of mine had a local gardener come in and plant 12 tropical plants, 8 large flowered bushes, trim the existing trees to shape, pull the weeds, cut out sod to merge two planting beds, plant 20 small flowering bushes and throw down several bags of mulch in 2 afternoons.  She also saved a little more money by having him transplant bushes from another part of the property to the front where she planned to create a more dramatic impact.  Further, his price included clean-up and removal of gardening debris, which saved her a lot of time after the work was complete.  Her soil was very hard to dig into and it would have taken her twice as long to dig one hole as it did for the gardener to dig several; he was familiar with such difficult work and he had all the right tools to do it quickly.  My associate only paid him to service the front beds while she saved money by cleaning up the smaller side beds on the side property by doing it herself.  (The gardener even let her borrow his expert tools as long as she promised to return them the following day, which she did.)

You might be surprised at the minimal but well-worth price of hiring a professional gardener, particularly if you find a local, one-woman/man operation with low overhead. Someone starting a new business might also be less expensive in trying to build a clientele while my associate in turn offered to advertise the gardener’s services by keeping business cards on hand during real estate visits. 

Consider having him/her do a portion of the work and then do the less difficult areas of your home yourself.  Even if you do not have a landscaping budget, call a few local gardeners to come out for a quote just to get some great landscaping ideas you can use yourself.  Most are willing to spend a few minutes of their time even if you do not use their services.  Take their business card anyway and offer to send them a referral.  It is all part of doing business. So consider hiring a professional gardener to add curb appeal to a tired property.

2)  Stand at the curb of your property and look the land from the perspective of the drive-by potential buyer. Get in the car and drive down your street and look at the way your property compares to your neighbors.  If your neighborhood is well-cared for but your property is not; where the trees are overgrown and the weeds are hiding your front door is a clear indication your home will stick out like a ‘sore thumb’ and you may lose the sale. If you live in a neighborhood where your neighbors’ landscaping is ‘so-so’, this is your opportunity to shine.  My associate explained that she once lived in a brand new home in an older neighborhood where few people took the time to landscape nicely so anything she did…add a border, plant a few bushes, and place a park bench near the front driveway with container plants, certainly looked amazingly better than the homes around her property.  When the time came to sell this home, she took a ride around the block and took the position of the potential buyer.  As a drive-by buyer canvassing her own street, my associate noted that the viewer would see blasé curb-appealed homes and then come upon her own, where the flowers were blooming, the green grass was trimmed, the containers were filled with flowers and the inexpensive park bench at the end of the long driveway looked inviting.  So plan your landscape to stand out from the rest and if your budget does not allow for the extras, then the next rule of thumb is to just make the property look ‘neat’….

3)  Neatness in landscaping is important.  If a property looks tidy, the impression you will give to the drive-by buyer is that the inside is neat and well-cared for as well.  Even if you are not a neat person, make an effort to neaten up the exterior.  Find someone who has a ‘neat’ eye and ask for their opinion.

Trim the grass and if you have spotted, brown grass, invest in a bag of grass seed and water frequently to encourage growth. Baby-sit the seeds and if necessary, place a barrier around the area to keep children and pets from stomping on them. Cover new grass-seeded areas with hay or grass clippings to prevent blowing away, from birds eating the seeds and to keep moisture in.  Water newly seeded areas daily.

If you have time before you place your home up for sale, fertilize your lawn…it can make a huge difference in how healthy and green the lawn shows from the street.  If you do not have grass, then create areas with grass.  Consider removing areas covered in stone or weeds and planting with either seeds or sod.  It is a big project if you have little or no front lawn so elicit help from friends and neighbors if needed.  Having some kind of greenery in the form of grass makes a huge difference to a buyer.  Grass is a great canvas to making other areas of your property stand out and grass appeals to many who grew up with front lawns or always wished they had one.  If you live in areas where it is impossible to grow grass, adding stone is another possibility however, be sure that stone works in that area of the country in which you are selling. Stone lawns usually fit in better in coastal properties where sand is the foundation and the cost of carting in topsoil is enormous.  I often feel that all-stone frontage looks out of place in neighborhoods where lawns are more prevalent and gives the impression the homeowner really cannot be bothered to maintain a lawn. I feel that stone is not a warm product if used in large areas and should be contained in smaller garden beds if possible.

4)  Once you have the grass, fix up the existing beds.  (If you do not have any beds in your property, this would be an entirely different article. This article deals with homes, which have garden beds already in place that need sprucing up.)

Garden beds help soften the hard lines of sidewalks, walkways, and the rigid angle of homes.  Once you have weeded these beds, ask yourself, “Does the design of the current beds allow them to be connected in some way across the front of the home?  Do my beds flow?”  The reason that I bring this question forward in a Curb Appeal article is that my associate explained to me that she used to have to separate garden beds in front of her home; one ran right across the front left-side of the home and the other ran down the side of the driveway.  Both beds were disconnected from each other separated by a walkway.  This separated design made the frontage look severed and harsh.  So she cut out the sod from the bed in front of the house, around the walkway and made a connection to the bed nearest the driveway.  It looked like one continuous snake-like bed and once planted with similar foliage the entire property looked really ‘pulled together’.  In doing this she accomplished two things:  1) Softening the hard angles of the walkway, which did not have a garden bed in front of it and, 2) the property had the look of what my colleague refers to as ‘fluid design’.  The eye now followed a soft flow from one end of the house where the bed began to the end of the driveway where the bed ended.  And…there was a small surprise at the end of that bed too, which made the design interesting and appealing.

At the end of the driveway, which is ordinarily dull space, the garden bed ended in a circular shape and she planted just a few extra eye-catching flowers there;  just a nice little touch and the colors were appealing.  The path up the driveway, followed around the walkway toward the entrance of the home was entirely landscaped and pulled together with like-flowers and shrubs.  Not a whole lot, but it was consistent and it was neat.

5)  Another lawn tip from my associate…she did not have time for grass to grow in some ugly, brown and bare spots on her front lawn and in some cases, the grass just never grew back at all. She cut around the bad areas and made a teardrop-shaped cut out on that spot and filled it in with a few container plants she had growing in the yard.  My colleague arranged the containers on 3 different levels…small, medium and large and then filled around the containers with mulch to even things out. The arrangement looked very nice.  One of her empty containers (she often picks them up in the dollar store or finds disposed of in construction sites), she cut in half and placed it cut-side down on the bare spot on the lawn in front of the 3 flower-filled containers.  She filled the cut container with soil and threw in a handful herb seeds, namely dill and in about 2 weeks; the container flowed with pretty green herbs and ‘spilled out’ the container onto the ground covering the area cut out from the lawn.  It made a nice presentation and was not too ‘much’ and at the same time hid the very worst part of our property.  My friend noticed that even after I sold the home, the new owners still kept the container area as it was when she had the home for sale.

6)  Another consideration when taking control of curb appeal when selling your home is to remove or trim down those trees and bushes which hide the beauty of your home. So often buyers look at photos of homes, which show a huge tree in front of the house that hides any view from the inside to the street. If you cannot see the home in a photo or in a drive-by viewing, this again reduces the chances that a potential buyer may be interested in your home.  No one wants to ‘guess’ what a home really looks like and if there are overgrown bushes and trees hiding the house, potential buyers do not want to envision having to clear the property themselves. So be bold and trim the bushes down and if necessary, remove whatever seriously blocks viewing the home’s charm and character from the street. 

 

7)  Along the lines of seeing a home from the street is the inability to do so if you have cars parked in front that do not always need to be there.  Granted, we need to park our cars but if you have the opportunity to take your car to the street or to the furthest end of your property for a few hours on the weekends or, if you have a large driveway and can move the car away from the front of the home, then take the time to do this. Buyers need to visualize the home as it would be if they lived there and anything which detracts from this thought is a non-plus for you as the seller. Weekends are usually the busiest times for drive-by house viewing so if you can move your car to a neighbor’s driveway or off your own driveway for a few hours, do so.  It may make a difference in the curb appeal of your home.

 

Also, as a reminder, if you have any cars, boats or trailers parked in front of your home, which really do not need to be there…a car you were going to work on or an inoperable vehicle without any registration and kept putting off paying to be towed away, make a decision as whether it really needs to be there or not.  Call a charity to have it towed away and donate it.  Put an ad in the paper or on craigslist for a free boat or project car, but by all means, remove any unnecessary vehicles, which really take away curb appeal and make the property look more like a car dealership or a parking lot than a home. 

So the main items to consider when creating curb appeal are to:

• Neaten up the property

• Plant grass or sod wherever possible – if not possible, hide bad spots with container gardens.

• Trim and cut away trees and shrubbery which prevent drive-by buyers from seeing your property and the home to its fullest.

• Remove cars on higher drive-by traffic days and permanently remove any cars, boats or trailers, which will not be sold with the home.

• Call a landscaper for his/her opinion and talk about a quote for neatening up the property.  See if you can afford at least a portion of it to be professionally ‘neatened’ and if not; get ideas from a professional that you can use later on your own.

www.kenyan-real-estate.com

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Tips To Help Make Your Kenyan Property More Marketable http://www.kenyan-real-estate.com/blog/tips-to-help-make-your-kenyan-property-more-marketable.html MzgtMTQ0NzA4MjA0Ng== Mon, 09 Nov 2015 18:14:06 +0300 You've finally decided that you want to sell your house. Your house is on the market, and you've found a real estate agent you can trust. Now what? The next and most obvious step is to get your home sold. To help aid in the selling of your home, I will outline some tips that I personally believe will benefit in the marketability and potential selling of your home. The goal here is to obtain that all important "stamp of approval" in which the red imprint reads: "SOLD."

Usually, the first place your potential buyer is going to see, will be the front of your house. The goal here is to make it as attractive as possible, but more importantly, inviting. First impressions are very important. First positive impressions, if you will, are even more important. The key here is to make sure everything looks neat and clean. Cut the grass, pull out the weeds, trim the bushes, plant some flowers, and clear out the walkway.

Make sure your home is clean. These include things like steam cleaning your carpets, mopping your floors, dusting hard-to-reach areas, and cleaning your windows (both inside and out). Potential buyers are very picky people, and as such, they like to inspect as much as they can.

Try and keep both colors and styles neutral. The key here is not to influence your buyer with your own personal style. Someone might walk in, look at a red wall, and be immediately turned off. The idea is to try and make them visualize the colors for themselves. Keeping things neutral is a good solution to this "problem."

Check lighting. No one wants to look at a house that they can't see. Seems obvious, right? Unfortunately, as a real estate agent myself, I've had quite a few cases where this element has been overlooked. Check your light bulbs, and make sure they're working. Although I recommend checking all the light bulbs, I'd be more concerned with the areas in the house that are darker or that require more artificial lighting. These include places like the basement and bathrooms. It's also a good idea to open your curtains. Simply put, the more natural light, the better.

Make repairs if necessary. These include things like a fresh coat of paint, patching up of any holes in the wall, and torn patio screens. You want your buyer to feel like your home has been well taken care of. This is a big plus.

Try to avoid clutter. One of the worst things that can happen is when your buyer feels "boxed in." Try and keep clutter to a minimum. Remove any unnecessary items such as too many pictures and accessories. The goal here is you want to have your house feel like a home, yet at the same time have it as spacious and organized as possible. You want the buyer to get a good sense of the space and visualize it as their own.

After all is said and done, it is important to note that the aforementioned tips do not guarantee a sell of one’s home, although it can certainly help. Everyone is different, and there are other variables to consider. But like I said, these certainly can help. As a final test, invite a friend over and have them share their opinions with you about the presentation of your home. In the best case scenario, it is best to invite someone that has never been to your house (or not that often). In this way, they can view your home with a "fresh pair of eyes." All of these suggestions boil down to one common goal: You want your home to feel inviting, and have your potential buyer view it as their own. For more kindly visit www.kenyan-real-estate.com

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Kenyan Property Real Estate For Sell By Owner – FSBOs and Buyer Brokers http://www.kenyan-real-estate.com/blog/kenyan-property-real-estate-for-sell-by-owner-%E2%80%93-fsbos-and-buyer-brokers.html MzctMTQ0NzA4MTc3MA== Mon, 09 Nov 2015 18:09:30 +0300 You’re selling your home as a FSBO (for sale by owner) and you get annoyed when real estate brokers call you, right? That’s a reasonable response when you’re doing all the work to market your property to save thousands of dollars in broker commissions. However, when a “buyer broker” calls, you might want to listen.

Why Listen

To understand why I say that, we need to understand the functions of “listing brokers” and “buyer brokers.” Kenya Real estate brokers can and do serve both functions, though some specialize.

Some brokers who call you are interested in listing your home. They want to market your home for you. The amount of commission charged for this service varies, but where I live, most brokers list homes for a commission of 6 percent of the sales price. When the home sells, if another brokerage firm has brought the buyer to the deal, the listing broker pays the selling broker half or 3 percent.

When you’re successfully operating as a FSBO, you’re getting folks to come and look at your house, or condo, or whatever, and you don’t need a listing agent. However, what if you’ve been doing this for a while and none of the lookers has been converted to a buyer? What then?

Well, if a broker calls you and says he or she is working with buyers and they’d like to be able to show your home, maybe you should consider it. They probably only expect about half the typical listing commission. That still allows you to save serious money. Perhaps you can even negotiate down a bit from half. This is especially true if your home is appropriately priced above the average price for a home in your area. In my area where 3 percent to a selling broker is frequently acceptable, I’ve seen brokers accept 2.5 or even 2 percent. It doesn’t hurt to ask.

As a bonus in that situation, you get someone who is knowledgeable about the process with an interest in getting the deal to settlement. True, they don’t represent you. They represent the buyer, but the buyer wants your home and the broker wants a payday. In short, the buyer broker has incentive to put an oar in when problems arise.

Don’t misunderstand me. I’m not for one second suggesting that you pay more than is necessary to sell your home. At first, take names and phone numbers of “buyer brokers” who call you. Then, if you find you need to, call back the ones who impressed you.

There is a middle ground between going it alone and listing with a broker. If you find you need to, this middle ground can be worth exploring through buyer brokers. Get more exciting news about real estate on www.kenyan-real-estate.com

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Kenyan Property Flipping - What to Look for When Walking a Property http://www.kenyan-real-estate.com/blog/kenyan-property-flipping-what-to-look-for-when-walking-a-property.html MzYtMTQ0NzA4MTY2Ng== Mon, 09 Nov 2015 18:07:46 +0300 1. Price - Before you even go to look at the property you need to make sure that the price is way below the market value of the real estate in that area otherwise you are wasting your time looking at properties that you cannot make any money on.  So you need to make sure it is so far below the price of other house that you can fix it up, hold it, and pay fees and commission and still make a huge profit.

2. Foundation - I buy and sell real estate in Texas and foundation is a huge problem here, and it is the first thing I look at. If there is foundation damage you need to see how much this is going to cost to have fixed. Many times when I am looking at a property I can call my foundation guy and he will come out and give me a free quote on the spot. Foundation damage can drain a budget so until you are comfortable with you skills at judging the amount of foundation damage call a pro for a quote and then factor that in your budget. When looking on the outside and inside of the house you are looking for cracks above windows, along brick mortar, over doors, and in corners, and many times you can feel the foundation sinking in certain areas of the house. Be sure to walk to the corners on the rooms and you will be able to tell if the piers have sank.

3. Roof - Next I check the roof by counting the layers of shingles. Normally if there is over 2 layers of shingles you are going to need to replace the roof. Also, as you are walking through the inside of the house look up at the ceiling and look for water spots. This is also a huge indicator that you are going to need to replace a roof.  Your foundation and roof are normally you 2 biggest expenses.

4. Walls - Look for holes or damaged sheet rock that is going to need to be replaced. Drywall is cheap and not a big deal, but does cause a lot of buyers to run away from the property. I love houses with holes kicked in all the walls. Holes = Money

5. Electrical - Look at condition of breaker box. If you are going to add something like a A/C unit you might have to upgrade the electrical, so you need to keep that in mind.  Next if the power is on to the house you can check the lights and buy a cheap power test that you can plug in a wall to tell you if it has power, and you can get an idea if the electrical has issues in the house.

6. A/C and Heat - Check to see the age and condition of the air conditioning unit in the potential flip so that you can see if you might have to replace them and leave room in the budget if you think you might have to replace the unit.

7. After that cabinets - Look to see if you can use the old ones or if you are going to have to replace them all.

8. Counter Tops

9. Plumbing - Make sure the toilets will flush and water will run. The water heater is normally off so you can't test it, but you can look to see how old it is, and that will give you a ideal if you are going to have to replace it.  See how many faucets, toilets, shower heads, and other plumbing fixtures you might need and factor them in the budget. I normally replace almost all the plumbing fixtures to give the house the new look.

10. Flooring - See how much of the flooring is going to be fixed or replaced. I always if possible refinish my hardwood floors, and put down ceramic tile.  If there is no hard wood I will estimate the cost for carpet.

11. Paint - Don't for get to price paint inside and out

12. Appliances - I normally replace all the appliances, so you need to factor that in as well. Simply logon to www.kenyan-real-estate.com

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Kenyan Property buyers Benefit from Tightening Lending Market http://www.kenyan-real-estate.com/blog/kenyan-property-buyers-benefit-from-tightening-lending-market.html MzUtMTQ0NzA4MTU5NA== Mon, 09 Nov 2015 18:06:34 +0300 Some good news is knocking at the door of prospective homeowners worried about the recent surge in mortgage rates.

The previously booming home- loan industry is undergoing a contraction. In fact, the Mortgage Bankers Association predicts the industry will shrink by 14 percent in 2011. What's the good news? That means lenders are competing harder to win your business and you can take advantage.

Beyond discounts and extended terms, banks are leveraging their scale to eliminate many of the costs that cause confusion and frustration for homebuyers at closing. Central Bank of Africa's Muteti says his company offers real savings off closing costs of up to Kshs.200, 000.

Muteti says they can offer this because they cut internal costs from the process and are passing those savings on to customers. These funds can be critical when applied towards the down payment, moving fees or new home amenities.

Muteti suggests you follow these tips when shopping for a mortgage in this new lending environment:

Check with your bank first-banks may reward your loyalty by offering a relationship discount.

Don't pay for fees that you know other lenders have eliminated-take advantage of programs like the one offered by Central Bank of Africa, which eliminates the origination, application, lender closing, appraisal, flood determination, tax service, credit report and courier fees for existing customers.

Confirm the savings are real-make sure the lender has truly cut costs and isn't simply rolling them into the overall cost of the loan.

Focus on the annual percentage rate (APR) and not just the interest rate-the APR is what the loan is actually going to cost you and it's a more accurate comparison of loan offers.

Most of all, remember to always work with a lender that you know and trust; one that will work with you to find the right loan for your individual needs and your monthly budget-now and in the future. The right lender will take the gimmicks, guesswork and surprises out of closing and help make your dream home a reality. www.kenyan-real-estate.com

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Kenyan Properties For Sale – Seek Help From Realtors For Best Deals http://www.kenyan-real-estate.com/blog/kenyan-properties-for-sale-%E2%80%93-seek-help-from-realtors-for-best-deals.html MzQtMTQ0NzA4MTUxMg== Mon, 09 Nov 2015 18:05:12 +0300 If you looking out for a home and wondering upon selecting the appropriate design or price of home alternative that will suit you the best, there are now various home options available online for you to explore. Through online one can explore availability of different type of home for sale. While some are extravagant and expensive, some others are moderately priced and yet comfortable enough. It all depends on you preferring suiting your requirements and budget.

The selection of home depends upon the number of members present in a family, according to which various options that are available include single-family residential houses, custom-built homes, and apartment buildings. There are also some traditional homes that you can find for sale. These homes are appropriate for those who love to have that traditional feel at their residing place.

No matter, whatever alternative you may opt for; do not forget that surroundings of the home are equally important. Healthy surroundings play a vital role for outdoor activities. Another point of consideration when you are purchasing home is its convenience from the school or place of work, as it is crucial to save a lot of your time and efforts.

Now you can also save time from physically visiting any property through an option on online facility at www.homeseekers.com. Here you can get information on availability of different properties suiting your requirements. For any queries on location, sale and price, you can explore the site easily. The site will at once satiate you with all the information that you are looking for.

Purchasing a home is a big decision and involves huge investment. So, there is no room for any mistake at the time of purchasing the home. This is why, it is advisable to seek professional help from any of the realtors, who are well-versed with ins and outs of the market and will provide guidance to you in the best way possible. From designing to facilities and pricing, he will ensure that you get the best deal. At www.homeseekers.com, you can also get professional advice that will help you in making the right decision. 

Realtors will also analyze and acquaint you with real estate contract law that states all the conditions while possessing the asset and other such things. The proposed owner of the home then has to sign the contract if he agrees to all the terms and conditions of acquisition that are mentioned. This makes him or her, official owner for the house. So, to avoid any legal problems at a later stage, it is better to hire a realtor. Visit www.kenyan-real-estate.com

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Homeowners in Kenyan Real Estate get Solar Power http://www.kenyan-real-estate.com/blog/homeowners-in-kenyan-real-estate-get-solar-power.html MzMtMTQ0NzA4MTM4NA== Mon, 09 Nov 2015 18:03:04 +0300 There is a move afoot to wean ourselves from fossil fuels. The federal government has attempted to promote the use of solar among homeowners through tax credits. The County of Nairobi has recently supported this by passing over 30 billion shillings in similar incentives. Alas, Nairobi has trumped them all, making it foolish not to go with solar power.

Governments are infamous for promoting societal changes via peoples’ bank accountants. Do what the government asks and you save money? Fail to do so, and you will spend far more. Nairobi has taken this approach to a new level.

To promote solar use by homeowners, the state has passed some amazing incentives. Homeowners converting their residences to solar get an upfront tax credit of up to Kshs.500, 000. A tax credit is far more valuable than a tax deduction because it is applied directly to the amount of tax you owe, not your gross income. In this case, going solar more or less wipes out any state tax bill you would have. Talk about motivation!

On top of panel systems, Nairobi has moved to promote thermal and water heating through solar. Those installing solar thermal systems get back 35 percent of the actual cost or Kshs.250, 000. If you prefer to go with a solar water heating system, the state is forcing utilities to give it to you for free upfront. A small monthly payment is then added to your utility bill until the system is paid off. Given the cost savings of solar water heaters, this essentially means you get the system for free.

Showing that the state is serious about solar, it has offered outrageous tax credits to commercial property owners as well. If a commercial property is converted to solar in Nairobi, the owner can get between Kshs.25, 000,000 and Kshs.50, 000,000 in tax credits. That is an absolutely huge number.

Obviously, Nairobi is a state with year around sun. Now homeowners can enjoy it at the beach and on their tax return. www.kenyan-real-estate.com

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Home Styles in Kenyan Real Estate Ads – The Meaning http://www.kenyan-real-estate.com/blog/home-styles-in-kenyan-real-estate-ads-%E2%80%93-the-meaning.html MzItMTQ0NzA4MTI1OA== Mon, 09 Nov 2015 18:00:58 +0300 Whether you’re buying or selling, reading real estate ads can be confusing. Here’s a primer on the styles mentioned in the ads.

Home Styles

What’s the difference between a Tudor and Colonial style? What about a Colonial and Dutch Colonial? Read on to find out.

“Colonial,” “British,” or “Federal” style

Terms used when talking about a two (could be 3 or two and one half) story house that is very symmetrical. The front door is in the center of the house. There are an equal number of windows on each side. There is an upstairs window over each downstairs window and over the front door. There are usually exterior shutters at the windows. (Note: The houses which inspired this very traditional style were built in the early days of our country and are seen mostly in the East.)

“Tudor” style

A style of home that borrows from merry old England. It typically has exposed heavy dark beams. Some of the beams are perpendicular, some horizontal, and some at a forty five degree angle. The exterior walls are usually stucco between the beams. The lower story is usually of brick or stone. The upper story often has sections that are cantilevered out over the lower story. Box bay windows and diamond shaped panes are frequent features as are large chimneys.

“Dutch Colonial” style

Very much like colonial style except that the roof is a gambrel roof. That is, it’s shaped like most folks think of a barn roof. It slopes down from a center ridge line and then, usually a little more than half way to the edge, the angle of the slope becomes sharper creating a second ridge at the front and back where the angle changes.

“Spanish,” “Mexican,” “Hacienda” style

Seen mostly in the South and West of our country, this style incorporates stucco or adobe type bricks and red half round roof tiles. These homes are often built in a “U” shape with the walls of the house extended to enclose the “U.” This design device can give a pleasant feeling of privacy to outdoor areas. Door and window openings with curved tops and wrought iron grilles, door hinges, and handles are frequent features.

When looking at homes, you’ll find particular styles appeal to you. Once you identify the styles, you can narrow your search for the perfect home. www.kenyan-real-estate.com

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Home Style Words in Kenyan Real Estate Ads – More Explanations http://www.kenyan-real-estate.com/blog/home-style-words-in-kenyan-real-estate-ads-%E2%80%93-more-explanations.html MzEtMTQ0NzA4MTE1Nw== Mon, 09 Nov 2015 17:59:17 +0300 Whether you’re buying or selling, reading real estate ads can be confusing. Here are explanations of more style terms used in Kenya real estate ads.

“Split Foyer” style

A home entered by a foyer with a half flight of stairs up to the upper level (where the living spaces and one or more bedrooms are usually located) and a half flight of stairs to the lower level (typically housing the family room and additional bedrooms).

“Tri-Level” style

A home with three levels. It is typically entered on the middle level and has half flights of stairs to the highest and lowest levels. The living room, dining room, and kitchen are usually on the middle level. The bedrooms are usually on the highest level. The lowest level may be unfinished or have family room, laundry, and perhaps a garage located there.

Contemporarystyle

These vary greatly, but none looks as if it could have been built prior to 1900. Some are almost entirely of glass. Some are almost entirely underground. Roofs can be gable (slants down on each side of a ridge line creating triangles of space at each end), shed (slants in one direction only from high on one side to low on the other), flat, or sod (grass covered) for that matter. Often several roof styles are incorporated in one home. Energy saving or indoor-outdoor connectedness tend to be designing motives. Simplicity, straight lines, and open spaces are hallmarks. Decks, patios, and terraces are frequently featured and are often constructed of the same materials used indoors.

“Victorian” style

This style is based on houses built during British reign and for a while afterwards. They are usually at least two stories tall and maybe more. They are embellished with a variety of things including porches, turrets, towers with conical roofs, pediments with fanciful shapes over doors and windows, windows to the floor with perhaps only one sheet of glass per sash. And do think “gingerbread” or wood fashioned into intricate shapes for gable ends, places where porch posts reach the ceiling, at stair landings, and so on. Modern builders usually pare this style down because of the expense, but even the most recently built examples can be rather fanciful.

When looking at homes, you’ll find particular styles appeal to you. Once you identify the styles, you can narrow your search for the perfect home. For more visit www.kenyan-real-estate.com

 

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Home Kenyan Real Estate Strategies for Selling http://www.kenyan-real-estate.com/blog/home-kenyan-real-estate-strategies-for-selling.html MzAtMTQ0NzA4MTA0Mg== Mon, 09 Nov 2015 17:57:22 +0300 Who are you preparing your home to sell to?

You, as a home seller, have two initial choices.

1. Sell your home as a bargain to investors or bargain shoppers with limited income, or

2. Sell your home for top shillings to your target market.

To prepare your home to sell to investors and bargain shoppers, all you need to do is look for a real estate agent who advertises bargain houses. This agent will list your home under market value. Then sit back, watch TV, and sell your home for a rock-bottom price. Don't be surprised when you get many offers for lower than your asking price right away.

If you want to work a little, or perhaps a lot, you can sell your home for top dollar. Explore ways to create a buyers' dream home. Because buyers let their emotions rule their decisions, stage your home for your specific buyer profile.

To sell your home for market value quickly, remove all your personality from the home. Besides getting rid of clutter, pack your family photos, children's artwork, trophies, and personal effects. Buyers want to envision their belongings in their new home.

Design Psychology home staging strategies include setting up spaces with suggested activities that buyers perceive as a lifestyle change. You want home shoppers to think that if they choose your home, they will enjoy a new life.

Get busy removing clutter, packing memorabilia, home staging, and prepare your home for a top-dollar sale. Don't be surprised when you get many offers for more than your asking price right away. www.kenyan-real-estate.com

 

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Hints on How to Find an Awesome Kenyan Real Estate Agent http://www.kenyan-real-estate.com/blog/hints-on-how-to-find-an-awesome-kenyan-real-estate-agent.html MjktMTQ0NzA4MDc4Ng== Mon, 09 Nov 2015 17:53:06 +0300 Find a good Real Estate agent. If you are looking to sell a house you need a real estate agent that is great at negotiating. An agent that looks out for your best interest. You need to interview agents and make sure they are the right agent for the job.

That is willing to go to hundreds of houses when you are looking for those diamonds in the rough properties, and they are willing to do open houses when you're selling your properties. Also, see if you can get them to reduce their commission do to you are going to be the next Donald Trump of real estate and bring them a lot of business.

You need to know that 1/2 or one1 full percent of a commission can save you thousands. I do not want to try to do every aspect of my business, but would rather be able to spend my time finding great deals on foreclosure and distressed properties. 

If you are have to try to sell your house you are spending time that you could be using to looking for more great investment properties.  I believe that a team is the best way to build a true business, and in order to build a great real estate business then you need a quality real estate agent.

 I look are a real estate agent with an awesome track record, and is not scared by market conditions, but knows how to sell know matter what the current market is.  My agent was able to find a buyer for my last property in less than 6 weeks, and this is the type of passion and dedication that I look for when shopping for a real estate agent. www.kenyan-real-estate.com

 

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Top property Architects or Building Designers in Kenya– Who Do You Choose? http://www.kenyan-real-estate.com/blog/top-property-architects-or-building-designers-in-kenya%E2%80%93-who-do-you-choose.html MjgtMTQ0MzYxMjI4Mw== Wed, 30 Sep 2015 14:24:43 +0300 Thinking of building a new home or complex? Will you use an architect or a building designer? Both are involved in the design of buildings – their appearance, layout, structure, and so on. But what’s the difference?

The simplest difference is a legal one. To be called an “architect” in Kenya, you have to be registered with the Board of Architects of Kenya. The title “building designer” can be used by anyone designing buildings. 

But that’s hardly even scratching the surface. Some of the professional architects in Kenya real estate are building designer and treasurer of the Building Designers Association of Kenya. They suggests that building designers are generally less expensive, and mostly involved in less flamboyant buildings. “It’s horses for courses. Most architects probably wouldn’t want to design a single bedroom extension for a pensioner, whereas we’ve done a lot of that.” Said one of them.

The architects also stressed that there are quite often overlaps between what architects do and what building designers do. There’s no simple rule. “But no matter what the job, good building designers and good architects both produce quality work”, they concord. 

Other architects in Kenya real estate agrees that architects are more likely to be involved with more distinctive, “up-market” buildings. But not because of cost. “Architects work to your budget just like building designers. The real reason is that architects are a little more likely to stretch the boundaries and challenge convention.” 

According to one well know architect, you should generally choose an architect if you want more than just a literal translation of your brief. “My clients normally have a rough idea of what they want. I take that idea and transform it into something they love, but could never have imagined themselves.” 

The most important thing is knowing what you want from the service, and choosing someone that suits your job.

And whether you choose an architect or building designer, remember, qualifications are no guarantee of quality. Always ask to see previous examples of their work. Ask for references from previous customers. Ask to see their qualifications. Ask how long they’ve been working. Do they have professional indemnity insurance? 

Are they a member of an accredited body? For more visit our web on www.kenyan-real-estate.com

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The Ups & Downs of How Much a House Is Worth in Kenyan Real Estate Property http://www.kenyan-real-estate.com/blog/the-ups-%26-downs-of-how-much-a-house-is-worth-in-kenyan-real-estate-property.html MjctMTQ0MTQ2MDMxMg== Sat, 05 Sep 2015 16:38:32 +0300 Determining Fair Market Value is an eternal struggle and major balancing act. That’s because buyers want a house to appraise on the low side—to keep the purchase price down. While sellers want the same house to appraise on the high side—to make the sale price higher. And then you’ve got the owners of the house—who also want the appraisal to be on the low side, in order to keep the property taxes down. ]]> Kenyans File Changes of Address Online-And Select Retail Catalogs http://www.kenyan-real-estate.com/blog/kenyans-file-changes-of-address-online-and-select-retail-catalogs.html MjYtMTQ0MTQ2MDIwMQ== Sat, 05 Sep 2015 16:36:41 +0300 Here's moving news: According to the Kenya National Association of Realtors, "home sales remain at historically high levels." This means address changes filed with the Kenya Postal Service will likely also remain high: about 5 million a year, Postal Service officials report. 
]]> Kenya’s Real Estate-Alternative Housing http://www.kenyan-real-estate.com/blog/kenya%E2%80%99s-real-estate-alternative-housing.html MjUtMTQ0MTQ2MDA4OA== Sat, 05 Sep 2015 16:34:48 +0300 Why alternative housing? To save money, to travel, to live creatively - there are many reasons why people choose to live in tents, RVs, cabins, underground homes, rental rooms and anything else that's less common than the houses, condos and apartments that most people call home. Below are some of these housing options, and their advantages. ]]> The Latest Exciting Emerging Kenya Real Estate Market http://www.kenyan-real-estate.com/blog/the-latest-exciting-emerging-kenya-real-estate-market.html MjQtMTQ0MTQ1OTk5MA== Sat, 05 Sep 2015 16:33:10 +0300 Since 2003 the Kenyan Government have committed to making major fiscal, political and fundamental changes to the country to improve the entire environment for foreign direct investment, as a result GDP growth rate is escalating, inflation is down and Kenyan Real Estate prices are beginning to soar as overseas interest in the stunningly beautiful and amazingly diverse country of Kenya is intensifying. ]]> Kenyan Real estate Inconvenient Spirit: Selling Your Haunted House http://www.kenyan-real-estate.com/blog/kenyan-real-estate-inconvenient-spirit-selling-your-haunted-house.html MjMtMTQ0MTQ1OTg0MQ== Sat, 05 Sep 2015 16:30:41 +0300

Selling a haunted house is a difficult proposition if the ghosts are particularly noisy or violent. Many home buyers eschew atmosphere for the dull life of the bright house or bungalow untenanted by a disturbed spirit. Therefore, fixing up your house to sell may involve various preparations to reduce the impact of ghosts, spirits, otherworldly emanations and other supernatural phenomena.

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Kenyan Property Rentals-When Is It Better to Rent Instead of Buy? http://www.kenyan-real-estate.com/blog/kenyan-property-rentals-when-is-it-better-to-rent-instead-of-buy.html MjItMTQ0MTQ1OTU4NQ== Sat, 05 Sep 2015 16:26:25 +0300 It was 5:00 PM and time for Wambui to call it quits for the day.   While signing off the computer, a last-minute check of the traffic reports revealed that the roads were backed up again.  Wambui drove home against the commute feeling her daily rush of sympathy for all those on the other side of the road stopped in traffic.  ]]> Kenyan property for sale-Alternatives to Foreclosure http://www.kenyan-real-estate.com/blog/kenyan-property-for-sale-alternatives-to-foreclosure.html MjEtMTQ0MTQ1OTQzNQ== Sat, 05 Sep 2015 16:23:55 +0300 Buying a house is a big investment. It really puts a dent on your financial resources. Of course, the expenses do not end with the down payment. You still have to contend with the monthly payments for the mortgage. This is a financial situation that you will have to live with for years until you have fully paid off your loan. ]]> Kenyan Properties, One Man's Dream Is Another's Nightmare http://www.kenyan-real-estate.com/blog/kenyan-properties-one-mans-dream-is-anothers-nightmare.html MjAtMTQ0MTQ1OTI5Mw== Sat, 05 Sep 2015 16:21:33 +0300

Apartments. Usually somebody's first home after getting married. Can't really say they're relatively cheap anymore. Depending on where you live, apartments can run you anywhere from several hundred to several thousand dollars a month.

So what does one do when looking for an apartment? Believe it or not, there are many different types, styles, and pay plans involved. We'll try to cover the basic types in this article and what you can expect to find with each.

]]> Kenyan Apartment Search http://www.kenyan-real-estate.com/blog/kenyan-apartment-search.html MTktMTQ0MTQ1OTA5MA== Sat, 05 Sep 2015 16:18:10 +0300

When you are apartment hunting in Kenyan Real Estate sector, prepare a rental search plan. Be sure to know in advance what you want in an apartment and what you can live without. Decide in advance what areas of the city you could consider living in and make a list of apartment buildings within that perimeter.

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Changes that evaluators are introducing to cost segregation analysis and reporting are addressing in Kenyan Real Estate Industry http://www.kenyan-real-estate.com/blog/changes-that-evaluators-are-introducing-to-cost-segregation-analysis-and-reporting-are-addressing-in-kenyan-real-estate-industry.html MTgtMTQ0MTQ1NDU1OA== Sat, 05 Sep 2015 15:02:38 +0300 The size of the property being analyzed, the age of the property, and an affordable price point. Kenyan-real-estate. com, a nationwide Kenyan Real Estate service firm, is taking advantage of such techniques to effect these beneficial changes.

1. Owners of property with an improvement basis as low as Kshs.800, 000 can benefit from cost segregation. This compares to the limited properties worth Kshs.500 to Kshs.40 million and above that previously benefited. 

]]> Appraisers lower costs for national tax savings on small Kenyan Property Depreciation http://www.kenyan-real-estate.com/blog/appraisers-lower-costs-for-national-tax-savings-on-small-kenyan-property-depreciation.html MTctMTQ0MTM1MjE3NQ== Fri, 04 Sep 2015 10:36:15 +0300 Tax savings through cost segregation is no longer out of reach for investors in small and medium size properties. With appraiser expertise, fees for analysis are often one-third to one-half lower than those charged by traditional preparers. 

Several years ago a definitive court case ruled that tangible personal property included in an acquisition or in overall costs should be depreciated as personal property for asset recovery, using the old Investment Tax Credit principles to classify personal property. 

This meant that owners of improved properties could distinguish between real property and personal property to depreciate component costs over varying useful lives. Basically, instead of depreciating an entire commercial property over 42 years, or residential property (single-family rentals or multifamily) over 37.5 years, certain components are correctly identified as depreciating in much less time. For about 135 items, useful life periods can be 5, 7 or 15 years. This is known as cost segregation. 

The result of increasing depreciation is lower taxable income (which would have been taxed at 35%) and more income taxed at the capital gains rate (15%) when the property is sold. Furthermore, it works for any type of improved property. 

Until recently, primarily large accounting firms or engineering firms implemented cost segregation studies, addressing large and newly built properties and sometimes outsourcing the analysis. 

Prices for those analytical reports normally depends with the location of the property and specific country, usually in the $10,000 to $40,000 range in the USA and between Kshs.700k-1.4M, were out of reach for owners of small properties, especially those holding less-than-new assets. Unfortunately, those owners representing the largest segment of Kenya property real estate investors in the country were mostly overlooked by previous providers of cost segregation services. 

Now a revolutionary paradigm shift is opening the door to very significant savings for owners of small properties. Much of the change is based upon introducing the efficiencies of highly knowledgeable real estate appraisers who often apply industry-accepted cost estimation techniques before determining remaining asset life. By not “over-engineering” the staffing or production process, professional fees are lower. Yet, results can usually meet or exceed those of far more expensive reports. This approach has been successfully field-tested by auditors involved with Kenya real estate sector.  Visit www.kenyan-real-estate.com for more.

]]> Apartments in Mombasa Boast Your Elegant Stay in Mombasa http://www.kenyan-real-estate.com/blog/apartments-in-mombasa-boast-your-elegant-stay-in-mombasa.html MTYtMTQ0MTM1MjA1Ng== Fri, 04 Sep 2015 10:34:16 +0300 Though Mombasa is one of the most sought after tourist destinations it is affordable in comparison to other for the availability of apartments in Mombasa. Mombasa attracts tourist for its fort Jesus building, the museums that store memories of history of Kenya, internationally renowned art galleries and grand public squares. Hence, many fun lovers prefer Mombasa to deviate from regular busy schedule.  Chic Rentals is in the service of arranging apartments in Mombasa for a comfortable living of the tourists. 

Mombasa is enticing tourist place for the people who know how to enjoy life. Accommodation in Mombasa is the suitable way to create a feel-like-home atmosphere in the alluring city of Mombasa. We opt for selecting excellently decorated apartment as we realize you value good taste. While booking for apartments in Mombasa for you we strictly follow the criteria that satisfy most of your demands for a pleasant stay. 

Our site has got precise and extensive information about the Kenya properties for sale. You can click to view the description about each Land, plot, apartment, the rent and the facilities that are provided. Each apartment that we select for you is exquisitely designed along with being cozy and functional. We know how to handle your booking with utmost efficiency. Your inquiry of apartment in Mombasa can be done through internet or over phone. The reservation procedure is mentioned on www.kenyan-real-estate.com .We can call, email or fax you about the details of your property of choice and the apartment that you are going to board in. 

Our service at Chic Kenyan-real-estate is exclusive for the people who are sure of what they want form the trip to Kenya and other parts of the country, especially Mombasa. After your arrival to the previously mentioned address of apartment in Mombasa, you will get our staff to welcome you at our offices before you are take round to view the property of your choice. The personnel will give you in detail about your property of choice and also living and functioning of appliances and answer any other query if you have, just in case you have decided to rent an apartment in Mombasa.

Please visit www.kenyan-real -estate.com for more guidelines on real estate sector.

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Answering Phoned Inquiries about the Home You Are Selling in Kenyan Real Estate http://www.kenyan-real-estate.com/blog/answering-phoned-inquiries-about-the-home-you-are-selling-in-kenyan-real-estate.html MTUtMTQ0MTM1MTcwNA== Fri, 04 Sep 2015 10:28:24 +0300 When you are selling your home, expect a lot of people to “intrude” on your privacy. If your home is being handled by real estate agents, then most of the calls and inquires would be handled by them. If you are selling your home by yourself, then you’ve got a big job in your hands.

As an independent home seller, you may be flooded by a long line of emails and unending phone calls from potential buyers. Answering emails will not pose much of a problem since you have time to compose your thoughts and you can do those at your own convenience. Handling phoned inquiries is another matter altogether.

One thing you should remember about conducting your business through the phone is that, contrary to what you may think, you are not invisible. The person on the other end of the line can sense your mood at that particular time. If you’re angry, bored or irritated, although they can’t see your facial expressions, they can feel your emotions through the tremor of your voice. With this in mind, try to be warm and friendly. No matter how inane their questions are, do not show your irritation.

In addition to this, you have to know every little thing about your home. It would be safe to assume that you already know the basics (how many bedrooms, toilets, how many cars can the garage accommodate), but you should also be prepared to answer other unexpected questions (i.e. when was the last time you had the property treated for termites). Nothing will irk a buyer more than someone who does not know much about what they are selling.

It would be best if you could attend to all phoned-in inquires yourself. However, in the eventuality that you can’t stay at home, make sure that you leave specific instructions with someone who would be capable of taking these calls. If no one can do the job well, then make sure you can be reached through your cell phone.

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An alternative to using an estate agent to sell your Kenyan Property http://www.kenyan-real-estate.com/blog/an-alternative-to-using-an-estate-agent-to-sell-your-kenyan-property.html MTQtMTQ0MTM1MTQ3OQ== Fri, 04 Sep 2015 10:24:39 +0300

Basically, majority of people in Kenya would prefer using a registered Kenyan Real Estate agent with clean selling records. A small minority of people manage to sell their house privately by doing their own advertising and putting up their own For Sale board, but as their property does not appear in the Estate Agent’s press adverts or websites, this is very much a hit and miss affair.

Even when a sale is secured, the legal system in Kenya means that until contracts are exchanged – typically many weeks later – the sale can fall through. In fact one in three agreed sales do not complete, meaning that the sale process has to start all over again.

For anyone relocating or emigrating this is frustrating and annoying as plans have to be put on hold. For people with financial difficulties or in danger of having their house repossessed, it can be very serious indeed.

A realistic alternative to Estate Agents

At last there is an alternative to using an Estate Agent. Using a specialist property-buying company offers the speed and certainty lacking if selling on the open market through an Estate Agent.

Companies like A Quick Sale www.kisumurealestate.com are now offering a service that more and more people see as a better alternative than waiting and hoping for an elusive buyer. They will normally make an offer to buy a property within a few days, completing at a date to suit you, so that people can move on with their lives.

So, what’s the catch? Well, the main one is that they will be looking to buy the property at a reduction from the open market value. How much of a reduction often depends on the type, location and size of property but is likely to be at least 10%.

The other thing to watch out for is that some of these companies charge an upfront valuation fee of several hundred pounds. Whilst this is usually refundable if you go ahead and sell to them, it is quite possible that their offer on your property will be unacceptable to you, leaving you out of pocket!

Questions to ask

  • If the speed and certainty of selling to a property-buying company appeals to you, what do you need to look out for? 

Probably the first question to ask is – will it cost me anything to get an offer on my property? A national house buying company featured on Watchdog last year after many complaints from people who had paid a valuation fee and then offered much less than their property was worth.

  • You wouldn’t expect to pay an Estate Agent for a valuation, so why pay these companies?

The next question most people need answering is – can I rely on this company? Can they fit around me? These companies should be asking you about your timescales and deadlines and tailoring a solution around these. Look carefully at their literature and website to see if they are flexible and offer a range of solutions. It is also a good idea to ask them for examples or testimonials from previous customers.

So, if you have a property to sell, before you call an Estate Agent, it might be worth checking out a couple of these companies who can offer you a quick sale. You are strongly advised to take appropriate professional and legal advice before entering into any binding contracts. 

Go to www.kenyan-real-estate.com for more.

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All you should know before Buying Commercial Kenyan Real Estate. http://www.kenyan-real-estate.com/blog/all-you-should-know-before-buying-commercial-kenyan-real-estate.html MTMtMTQ0MTM1MTEyMw== Fri, 04 Sep 2015 10:18:43 +0300

Buying or renting, such is the question many business people ask themselves around the 1st of the month, when comes the time to write their rent's check.

With the interests rates being what they are and prices being affected by the commercial paper crisis, the answer might very well be yes if the right property becomes available and you can afford relatively important cash down.

Owning commercial real estate does have its advantages.

  • Choices:  as the owner, you can decide whether to select a building that matches your current needs, has enough room for future expansion or maybe is large enough for you to lease parts of it.
  • Equity: every month, your payments are applied to paying down your mortgage and building some equity which could be useful eventually to secure a loan for new equipment, to finance an acquisition or simply as an asset.
  • Appreciation: not withstanding any unforeseen occurrences, your building should appreciate with time.  This appreciation could,   just as the above mentioned equity, be used to get better financing conditions.
  • Power:  as the landlord, you are the person in charge of deciding how to finance the building, picking the tenants, choosing the decorations, selecting entrepreneurs for the work to be done, improving the building.  You even have control over your rent's rate.                                   

If it's so great, why doesn't everyone do it?

The main reason why not everyone owns the commercial space they're using is that, in real life, thing don't necessarily go exactly as in late night's infomercials… You can buy commercial real estate with no money down, especially if it's because your money is bringing you more in another (safe) investment.  

On the other hand, if it's because your cash flow doesn't allow you any flexibility and that you don't have anything aside should things go a little unexpectedly, then you may want to seriously consider all the ramifications of the deal you are considering.                                                 

Your business' cash flow's growth stage.

Is your business bringing you comfortable and predictable income which you are looking to invest or would spending an important part of your income hinder any growth possibility for the near future? 

Will you be able to afford any substantial and sometimes unexpected expense should you have to do unexpected maintenance on your building?

Usually, a commercial property will require a 15 cash down which, in some cases, can end up being a lot of money.

Don't forget you also have to factor in the price of insurances, taxes and legal fees.  Due to the importance of the figures involved in most commercial real estate transactions, I recommend you surround yourself with adequate representation meaning:  a real estate agent with experience and a positive track record as well as financial and legal advisers. 

You make your money when you buy, not when you sell.                                     

One last but extremely important factor to consider before making your decision is that you make your money when you buy but realize it when you sell.

Paying more than the fair market value, not taking into consideration your cash flow factors (mortgage, interest rates, insurance, taxes and repairs incoming rent, other income possibilities such as parking for example) or letting your feelings dictate a purchasing decision may negatively affect your exit strategy for year if you are not careful.

What you should remember.

So we looked briefly at the different aspects of buying a commercial property.  Remember the advantages of being a landlord are:

  1. Choices
  2. Equity
  3. Appreciation
  4. Power
  5. Make sure you carefully evaluate your future cash flow.
  6. Purchasing the property won't hinder your growth strategy.
  7. You can afford unexpected and sometimes quite expensive repairs should they be needed.
  8. You can afford the cash down.
  9. Get advice from a professional financial advisory about your tax situation.
  10. Get advice from a professional law adviser.
  11. Get advice from a professional real estate adviser.
  12. Avoid free advice as it often end up being the most expensive kind.
  13. Evaluate the building's cash flow.
  14. Make sure the purchase makes sense even without appreciation.
  15. Find a reputable real estate specialist.

www.kenyan-real-estate.com

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Affordable Kenyan Real Estate http://www.kenyan-real-estate.com/blog/affordable-kenyan-real-estate.html MTItMTQ0MTM1MDg2OQ== Fri, 04 Sep 2015 10:14:29 +0300

I seriously doubt you will find too many individuals or families on this planet who aren't trying to find that ideal location. You know the one. There's no denying that we would all like to reside in a specific place that caters to our preferences. One where the weather is perfect, according to our personal definition of perfect, of course. One where all the amenities we enjoy are nearby. One where we can rest assured that our children are safe and the schools are great. Now, that just about sums it up. 

Naturally, on the other side of the coin there is something called affordable real estate? Whether or not you can have it all is certainly questionable. I've not found that spot yet. The few that appeared to have it all were definitely not in my price range. I'm not looking for a Kshs.250,000 a month house payment. Needless to say, there's much that goes into finding an ideal place to live. 

Where do you currently reside? How would you rate your area? Just imagine for a moment, on a scale of 1-10. You can even make a pros and cons list. Is affordable real estate one of the pros? I can say that it is where I currently reside. On top of that, the area is safe and the schools are great. That's a lot for me to give up. In all honesty, schools and safety are my greatest priorities. The fact that we encountered affordable Kenya real estate is a mere plus. Then again, we probably wouldn't be here if we hadn't. Now, I do realize that the words "affordable real estate" mean different things to different people. Some may consider 100 grand affordable, while others are thinking along the lines of 400 grand. So much rests on your house-hold income. One thing you will find is depending on where you choose to live; your quality of living can increase dramatically with the right location.

Having difficulties deciding where to buy that home? It's time for some recon work. All it takes is your personal computer and Internet access. Sort through various states and cities to get a better grasp on which areas offer affordable real estate. This is how I found my current home. 

Let the World-Wide-Web do most of the work for you. www.kenyan-real-estate.com

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Advice on Picking a Kenyan Real Estate Agent http://www.kenyan-real-estate.com/blog/advice-on-picking-a-kenyan-real-estate-agent.html MTEtMTQ0MTM1MDQ5MA== Fri, 04 Sep 2015 10:08:10 +0300

The ideal agent is not always the one with the most sales under his or her belt, or the most years on the job. The ideal agent is one who listens to you, is easy to get along with, and has the tools and skills to address your unique situation. 

Every home buyer is different. Some have credit issues. Some are buying from out of state. Some need help selling their current home in addition to buying a new one. Just as buyers have different needs, real estate agents have different skills and specialties.

Here's how to find a Kenyan Real Estate agent who's right for you:

1. Ask friends and family for agent referrals.

Nobody knows you as well as your friends and family do. So they're often in the best position to recommend an agent who is well-suited for your needs. You can also trust a referral from friends or family more than one that comes from a stranger.

2. Talk to multiple agents.

I once saw a statistic that 84% of home buyers choose the first real estate agent they contact. This means one of two things. Either most people are choosing wisely the first time, or they're just rushing into things without shopping around. Probably a little of both.

You don't have to exhaust yourself interviewing agent after agent, but at least talk with two or three to see who you're most comfortable with (which leads to the next point).

3. Consider the vibe factor.

Professional expertise is an important criterion when choosing a real estate agent. But interpersonal skills are equally important. After all, you'll be working with this person anywhere from 2 to 12 months, so it helps to get along with them. We all have unique personalities, and that's the way it should be. But when working with someone professionally, if helps their personality "meshes" well with your own.

4. Ask how they hunt.

When deciding on a real estate agent, ask how they search for homes. Some agents have their own preferred listings that they favor. But you want what's best for you, not what's best for your agent. You're paying them, right? So make sure the agent is willing to search high and low to find the best home for you. That includes using the Multiple Listing Service (MLS) as well as their own personal network.

5. Read paperwork carefully.

This advice is heavily used for a reason. It's critical that you examine all documents during the home buying process, and that includes your agent agreement. At some point during the relationship, your agent will probably ask you to sign an agent agreement. Basically, it just means that if the agent shows you a particular property, your purchase of the property should be credited to that agent.

In most cases it's a simple, just be sure to read it carefully and ask questions. www.kenyan-real-estate.com

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Advertising Real Estate Investment in Kenya http://www.kenyan-real-estate.com/blog/advertising-real-estate-investment-in-kenya.html MTAtMTQ0MTM0OTc2NQ== Fri, 04 Sep 2015 09:56:05 +0300 Have you ever wondered why that beautiful and well-kept house at the corner is still up for sale after almost six months? You’ve been there, asked around (no murders there), found the price reasonable, and yet … they have not received an offer to sell. You look around, and you notice nothing.

A house, no matter how beautiful or how ideal it is, will definitely not sell if it is not properly advertised. If you are selling your home through an Agent, the Agency will handle most (if not all) of the advertising and marketing needed to sell your home. If you are doing everything by yourself, you have to make sure that no stone is left unturned. This doesn’t mean that you have to spend an entire fortune on advertising alone; you just have to know which advertising methods will bring the maximum media mileage for your property at a cost that is agreeable to you.

The easiest and most economical way of advertising your house is to put up a “For Sale” sign in your yard and putting up posters in areas that generate a high volume of foot traffic (supermarkets, post office, etc.). However, even if you put several posters in several key places, you will most likely, not reach the right market. Mind you, there is a chance that you will, but it will be very small.

Putting up an on-line ad is another fast, easy and fairly economical way of marketing your home. For a small amount, your home and some photos can be uploaded onto the World Wide Web for a specific amount of time for everyone to see. Unfortunately, since it is available on the net, you are most likely to attract a wide range of people. It may take time before you can sift through all the inquiries your ad has generated.

Placing an advertisement in a newspaper or a magazine that specifically dedicated to homes may be old fashioned, but it still one of the most effective ways of marketing your home. You have the option of putting a photo and you can lure buyers in by writing an interesting description about your home its features and amenities.

You are not limited to just one form of advertising method. You can use just one kind, or all three. It really depends on you and your budget. In addition to the marketing effort, you should also prepare a Fact Sheet about your home. The fact sheet should contain all the pertinent details about your home. 

Don’t just put the number of rooms and toilets in your abode; make sure that you include the year the home was built, and the year when the last renovation was made in  www.kenyan-real-estate.com

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Trans Lake in Kenyan Real Estate now is the Time to Buy! http://www.kenyan-real-estate.com/blog/trans-lake-in-kenyan-real-estate-now-is-the-time-to-buy.html OS0xNDQxMzQ5MDY2 Fri, 04 Sep 2015 09:44:26 +0300

If you are thinking of relocating to Kisumu, it may interest you to know what a buyers’ market is at this time. As we move into summer Kenya Real Estate generally starts seeing more sales, and that is what we are seeing. Trans-lake estate located only 4 kilometers from Kisumu Central business district, the apartments are of the latest architectural designs and going for very affordable rates. 

With all the issues in the national market and with the subprime mortgage crisis, there was some worry that the market would not heat up in the summer but sales appear to be on the increase. Buyers are seeing much better deals than they saw this time last year.

The economic outlook for Nairobi generally mirrors the Kenya forecast: local job and population growth almost outperforms the national economy. The Kenya survey conducted some years back predicts 3.1% job growth and the unemployment rate for December 2013 was estimated at 3.6%, down from 5.1% in the Nairobi area during October 2012.

Job growth is expected in Kisumu’s traditional strong employment areas, such as government, education, and health services. Kisumu is the third capital of Kenya and seat of Kisumu County, which makes government a major employer. Kisumu’s local, state, and centralized government employs more than 10,000 workers and that number is expected to increase. With the Maseno University and over fifteen other colleges within 30 miles, Kisumu will need more educators. Kisumu continues to employ many workers in the leisure and hospitality industry, and large NGOs like healthcare employers are expected to add workers in the near future. With the high quality of life and the increasing population, Kisumu should see positive job growth through 2015. 

The quality of life and entertainment opportunities are another reason that Kisumu is a bright and thriving city with a diverse cultural scene. Kisumu is rich with fishing, farming, theaters, live music venues, tourist attraction areas, excellent restaurants, and unique shopping centers, friendly and lovely people. Population growth in Kisumu is driven by the high quality of life in the region, with the area being ranked as a top destination for relocating singles and families.

Buying and selling of Kenya properties within Kisumu can be overwhelming so an experienced realtor that will provide you with information, but won't pressure you is advisable. They currently have over 4,000 properties to choose from in the Kisumu, Kenya.  

Visit www.kenyan-real-estate.com for more on this.

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Kenyan Property Rentals - Shop where you live http://www.kenyan-real-estate.com/blog/kenyan-property-rentals-shop-where-you-live.html OC0xNDM5OTE4MDgz Tue, 18 Aug 2015 20:14:43 +0300 Hunting for an apartment can be a painfully long process. If you have been on the lookout for an apartment in a big cities like Nairobi, Mombasa, you would have probably realized that it is not very easy to come by. You may find apartments, but when it comes to an apartment of your choice, despite putting your 100 percent effort, you may not find your dream home. By making use of the services of professional Kenya properties apartment rental search services, you can now easily find Kenya apartments, Town homes in the Nairobi, Mombasa and even Kisumu areas. Nairobi Apartments for Rent takes the hassle out of your apartment hunting experience by making it easy for you to find a Nairobi apartment that you may have in mind. All you need to do is, sit back and relax while we research the best Nairobi apartment’s rentals at the best rent rates. And this service comes free to you!

Shops, restaurants and malls just within a few meters from your apartment make for an attractive proposition. And that is exactly what you can get when you use or services. Our apartment rental service is designed to save you both, time and money. We maintain database of thousands of apartments in Nairobi, Mombasa and Kisumu, most of which are concentrated in Nairobi. You can either check out all apartment listings or fill in a small form with your own specific requirements. Once you give us your requirements, we find out suitable Nairobi apartments with our apartment finder tools and develop a list of apartments that meet your needs. Browse through the list of Nairobi apartment rentals from your home or office, read the reviews and then decide.

Since our apartment specialists know about the best Nairobi apartment rentals, they will find them for you at the best prices. And if you have been wondering how we can provide you free apartment finder services, we would like to assure you that the Nairobi apartments compensate us. And that’s how our efficient services come 100 percent free to you!

Whatever type of house you may have in mind, we help you find it easily and quickly. Find an apartment that apart from the basic amenities offers all conveniences and great neighborhoods. 

Whether looking for a large apartment, townhouse or for apartment sharing, settle for the best deals only at www.kenyan-real-estate.com

 
 
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Mombasa Luxury Homes http://www.kenyan-real-estate.com/blog/mombasa-luxury-homes.html Ny0xNDM5MDQ3Nzc2 Sat, 08 Aug 2015 18:29:36 +0300 The moniker "Mombasa Luxury Homes" likely conjures up images of crashing waves and majestic beach homes perched atop sand dunes overlooking miles of pristine beach. This image was likely birthed by pictures of Diani cottages and Beach homes in South coast of Kenya. This scenic destination resort town is one of the most dramatically beautiful spot on the south coast and is home to Kenya Real Estate market that showcases a variety of new construction and older historic homes. Of the new construction properties, perhaps the most popular home choices are the fantastic condo developments that line the coast.

Recent years have seen the evolution of Mombasa Beach houses into one of the most popular destinations on the south coast regions in Kenya. This has resulted in the creation of a thriving investment atmosphere with vacation rentals forming a solid backbone for the real estate industry. This takes nothing away from a historically active and stable residential core that also has created a secure and thriving business sector. It could be said that Mombasa beach possesses "the full package" when considering a location for a new home or investment property.

Is it time to treat yourself to that dream home that you deserve? There is really no better place to look than Mombasa Beach. This area can boast excellent choice for entertainment and recreation. Of course the ocean provides any number of sporting options as well as great fishing and the most breathtaking scenery available.

There are really any number of reasons to consider a move to Mombasa Beach especially the south coast region, but then again, you likely already have your own reasons.... visit www.kenyan-real-estate.com for more sizzling stories on Kenyan Real Estate sector.

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Kenyan Real Estate: The buying motivation http://www.kenyan-real-estate.com/blog/kenyan-real-estate-the-buying-motivation.html Ni0xNDM5MDQ3NjQz Sat, 08 Aug 2015 18:27:23 +0300 Kenyan Real Estate market is really hot. The center of a lot of real estate action in Kenya is Nairobi metropolitan area. However, when it comes to real estate investing, every area is hot. Based on whether you are looking for Kenya real estate just as an investment avenue or whether you are looking for Kenyan Real Estate to actually live in, your preferences would change a bit. However, one thing which you would always want is a low price. And that is something that would require some effort.

If you are looking to get a piece of property Kenyan Real Estate for yourself and your family, then you need to consider a lot of different things which will also influence your perception of the lowest (or the best price) for that Kenyan Real Estate piece. Note that the best price for the same Kenyan Real Estate piece might be different for different people (because their level of motivation to buy a particular Kenya real estate piece might vary). So, if you have a lot of friends living in a particular area in Kenya, then Kenyan Real Estate in that area might become your preference and hence increase your motivation level.

Similarly your buying motivation will be higher if you are planning to move into the place on account of a new job that you are taking up in that place or if you have been transferred to that place in your current job itself. If you have children, you would have to look around for Kenyan Real Estate which has good schools around it. Again, you would like to evaluate your lifestyle and see if there is place that is in particular suited to your lifestyle.

So, there are a lot of factors that could lead to increased motivation levels. Generally, more the motivation of either side (buyer-seller), lesser is their negotiation power. So even if you are much motivated to buy a particular Kenyan Real Estate piece, do not show it in front of the seller. Though hiding your motivation will be a bit difficult, nonetheless give it a good try. If you are looking Kenyan Real Estate  just for investment purposes then you would probably have a lot more time on hand to evaluate various properties before you actually go ahead with one. So your buying motivation will not (and should not) be too high.

Remember that if you have time on hand, you can always get better deals (and there are lot of Kenyan Real Estate  deals out there, if you were to look properly). www.kenyan-real-estate.com

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Kenyan Real Estate - Forget the Rat Race http://www.kenyan-real-estate.com/blog/kenyan-real-estate-forget-the-rat-race.html NS0xNDM4OTQwODk0 Fri, 07 Aug 2015 12:48:14 +0300

Machakos reserve is a state that harkens back to a more relaxed time of life in our country. If you’re tired of hearing 90 cell phones ringing, moving to Kakamega may be the answer.

Machakos

Unlike many towns and cities in Kenya, Machakos has made a concerted effort to protect and maintain its past. It is equally protective of its small, rural town heritage with even the biggest cities feeling like friendly, uncluttered towns. If playing in the great outdoors is your idea of a good time, Machakos offers scenic mountains, rivers, forests in which you can play to your heart’s desire. 

Little Rock

The undisputed population center of Machakos, Little Rock is named after…a little rock. This unpretentious title reflects the nature and attitude of the county, to wit, laid back and relaxed is the central theme. For families, Little Rock is a very attractive County as there is a strong emphasis on kids throughout the location. From the riverfront park to museums tailored to the interest of the children, it all seems to be about kids.

Machakos Springs

When it comes to weddings, Machakos Springs is the main attraction of Machakos County. A picturesque town in the eastern part of the Kenya, it was the first capital city of Kenya, initially known as “Macha”. the town started as a health center and evolved into the must visit tourist destination of Kenyans. Surrounded by forests and natural mineral springs, the architectural style is decidedly splendid. When people mention the Outdoors events like safaris sevens, this is the place they are talking about. A charming town that gets a 10 out of 10 rating as one of the best small towns to live in.

Tourist attraction

It boost of ol donyo sabuk national park, where several foreigners and even local people populate to just taste the beautiful scenario of the mountains, rivers and even wild animals. Roughly a 45-minute car ride from the capital of Kenya; Nairobi.

Machakos Real Estate

Machakos real estate prices are as relaxed as the County. On average, a home in Little Rock will set you back Kshs. 4M while you’ll need to pay about Kshs.4M more for homes in Nairobi and Mombasa Counties. 

Get more on www.kenyan-real-estate.com

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Kenyan Property Real Estate - A Good Buying Opportunity? http://www.kenyan-real-estate.com/blog/kenyan-property-real-estate-a-good-buying-opportunity.html NC0xNDM4OTQwNzUx Fri, 07 Aug 2015 12:45:51 +0300 If you're looking to move to a new state, Kenyan  property real estate is definitely worth a look. Following is a primer of the state and the FSBO Kenyan property real estate market.

Nairobi

Nairobi is by far the largest city in East Africa and it is growing fast. The second and capital city of Kenya, Nairobi is the official and economic capital of Kenya. The city is growing at such a high rate that it has engulfed the accompanying towns like Mombasa, Kisumu and Nakuru. Nairobi has a perpetual new feeling to it, which leads to criticisms that it has no inherent culture or roots.

If you want to attend sporting events, Nairobi has a nice selection. The city has professional boxing, rugby, cricket and football teams. Nairobi even has a professional hockey team.

If you're looking for a moderate weather, Nairobi is the place. During the summer, average temperatures are usually above the 28 degree mark without much humidity to speak of. Evenings can get cool during the winter, but day time temperatures remain in the 24. 

Kenyan Property Real Estate

Kenya property real estate is very reasonably priced compared to other nearby countries. The average home price in Nairobi is in the low Kshs.6M. Nairobi has, however, become a hot cake real estate market with home values appreciating over 50% in the last 12 months.

Kenya is a take it or leave it state because of the heat index. If you prefer moderate, sunny days, Kenyan Real Estate may be a very good investment.

Visit www.kenyan-real-estate.com for more like this.

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Investing in Kenyan Real Estate http://www.kenyan-real-estate.com/blog/investing-in-kenyan-real-estate.html My0xNDM4OTQwNDUx Fri, 07 Aug 2015 12:40:51 +0300

There is quite a bit of real estate available in Kenya, because new homes are being built constantly. If you’ve ever been to Kenya, you may be surprised by its vast open spaces – and even the new developments that spring up don’t seem to take anything away from all of that wide open space. In fact, all of that beautiful space is what attracts many people to invest in Kenyan Real Estate market!

Many people buy real estate from a distance, sight unseen. While this practice can be used to scam people out of their hard-earned money, if you follow certain guidelines you and your money should be relatively safe. Start by understanding what documents you should see throughout the sale process.

The first thing you should see is the MLS printout. MLS stands for Multiple Listing Service. The MLS printout is a copy of the listing that was sent out by the service. It contains a description of the property, and there may be statements made in the MLS that need to be verified for accuracy. If the property or home is in a new sub-division, you need to ask for the Public Report as well.

Other important documents that you should request include the Seller’s Property Disclosure Statement (SPDS), Covenants, Conditions and Restrictions (CC&Rs), governing documents from the Home Owner’s Association, HOA Disclosures, the Title Report, the Home Warranty Policy, an Affidavit of Disclosure, Lead-Based Paint Disclosure, County Assessors Records, and a Professional Home Inspection Report. Make sure that you get a copy of all of these documents, for your own protection. It is a good idea to have your lawyer look at these documents as well.

There is quite a bit of information that you need to learn about a property in the republic of Kenya before making a purchase. For instance, some places in Kenya may be flooded, which are quite common in the Nyanza region of western Kenya and may require refilling or reclaiming to get rid of. Some areas of Kenya contain soil and groundwater that has been contaminated or very salty by improper disposal methods. All of this information can be found at the lands ministry of Kenya.

Browse www.kenyan-real-estate.com to get more of these.

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Avoid Foreclosure: An Option That Many Dont know about properties for sale in Kenya http://www.kenyan-real-estate.com/blog/avoid-foreclosure-an-option-that-many-dont-know-about-properties-for-sale-in-kenya.html Mi0xNDM4Njk2OTYx Tue, 04 Aug 2015 17:02:41 +0300

Looking down the barrel of a foreclosure, if you are among one of the over 1.4 million homeowners facing this same issue, there may be a creative technique to save your home. Save your home and salvage your equity so that you can fight again. The last thing that you want to do as far as properties for sale in Kenya is concerned is to give your home back to the lender.

If your financial hardship has left you in a position whereby you are not able to pay your mortgage payment, whatever the reason may be, then you cannot afford to live in your home. Foreclosures are growing dilemma for many homeowners in Kenya today; foreclosures are at an all-time high. For example, Alan Greenspan made comments that the US may be heading for a recession some few years ago.

Some lenders out there have not been playing fair, and some even to the point of unethical practices. These unethical practices are a primary reason that foreclosures are at an all-time high and were not expecting it to slow down anytime soon according to most real estate experts in Kenya and other parts of the world.

On the bright side of things, you may have an option that may allow you to keep your home, even if the foreclosure process is already under way. Something that has been around for many years, and you may possibly utilize to save your home and equity. You may need to wait a year or two in order to cash out the equity on the property, but it is better than the alternative.

This option is referred to as a Lease Purchase Agreement, find a tenant to lease your home from you, with an option to purchase the home at the end to the agreed period of time; usually 12 to 24 months. You set a price for them to buy the house when the agreement is signed; this will allow you to set the price so you can save the equity and by some time to recover.

With a tenant that has the option to buy your home you may be able to:

1) First and foremost is the avoidance of a foreclosure

2) Since renters are paying less today due to the high foreclosure rates, this may be a way to increase the monthly rent, due in light of the purchase agreement

3) A one-time payment, up-front as a non-refundable deposit, this is usually 1% - 3% of the sales price. The best part of this is that even if they decide not to buy your home, you still keep the money

4) Quickly locate a buyer for your property, most times faster than trying to sell your home in the traditional manner

5) Someone else will be paying the mortgage payment, and potentially a few millions Kenyan shillings a month more

Lease Purchase Agreements usually work well in any real estate market; these agreements referred to as a "lease option" as well. This is a very valuable strategy to keep in mind, especially during market that in a distress.

While there may be many other reasons to take advantage of a lease option, they are defiantly an excellent way to avoid foreclosure, and salvage your home from the bank. In a foreclosure, your credit will be destroyed for years to come, and the additional financial repercussions can take a tool on your personal life.

To get more informative hints and available properties in Kenya, kindly visit www.kenyan-real-estate.com

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Attention: Sir/Madam...Kenya Property Scam http://www.kenyan-real-estate.com/blog/attention-sir%2Fmadamkenya-property-scam.html MS0xNDMwMTQ2NTE4 Mon, 27 Apr 2015 17:55:18 +0300

Many people have heard of the "419" scams. The term "419" comes from the Nigerian penal code section of that designation that deals with fraud. Despite a widespread belief that the people who get taken by these scams are greedy and stupid, many are not so. Many believe they are donating to distressed individuals and/or charities. These scams have spread into Kenyan Rreal Estate as well, targeting house sellers and real estate agents.

The scam usually opens with a bait letter, assuring the recipient that the person contacting them is a) a widow whose husband left her millions that she cannot safely access due to her evil family, b) a high-ranking military official seeking to move money out of the control of their oppressive governmental regime, c) a representative of a mysterious person high up in the government, or d) a person interested in an item that the person is selling or representing.

If the target responds to the letter, the scammer usually replies with thanks and asks for personal information. Often this includes a bank account number, but this is not, as some people think, how the target is scammed. It is used as a gauge to determine if the target is likely to give money in order to pay "processing fees" or other mysterious charges. Scammers will also provide scans of documents that look legitimate. Many can be - stolen from other people or digitally altered. If called on discrepancies, the scammer will blame poor computer equipment.

In nearly all these scams, urgency and confidentiality are emphasized. The scammer doesn't want their victim to seek outside aid or take time to think things over. They are depending on the "get it now or you never will!" feeling to encourage the victim to send the money - usually through Western Union or some other money wire transfer company. Once the money is picked up, the person who sent it has no way to get it back.

An example of a real estate related scam:

You get an unsolicited email from someone claiming to be interested in your house. They will send you a large check, many thousands of dollars over the amount you are asking for the property. They then want you to refund the extra money. Or they say that there are "fees" that the seller must pay in their country. In any case, you have to send the money now, Now, NOW because the person interested in your house needs the money to a) come to America b) pay for their cancer operation or c) take their sick mother to the hospital. Sometimes, if you balk at sending a complete stranger thousands of dollars, they may threaten you with "legal action" or embroider the sob story to the point where their sick mother is suffering from cancer, AIDS, measles and ingrown toenails all at the same time.

Real estate transactions are only one of the targets of scammers. The scammer is not interested in your house; s/he only is interested in the money you can send to finance whatever spurious fees are claimed to be involved with the transaction. Don't send anyone any money or cash checks that are sent to you from an unverified institution or individual. Consult with a real estate professional for advice on how to handle offers via the Internet. Since many people use the Internet to inquire about houses, prices, etc., an email query may be legitimate. Just make sure that the person is legitimate before pursuing a financial transaction.

Get more properties for sale in Kenya on www.kenyan-real-estate.com

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