ICT IN REAL ESTATE
This paper discusses Modern (ICT) Technologies and Devices applicable in Valuation, Property Management and Estate Agency and the benefits that accrue to Real Estate Firms that have embraced ICT.
This paper discusses Modern (ICT) Technologies and Devices applicable in Valuation, Property Management and Estate Agency and the benefits that accrue to Real Estate Firms that have embraced ICT.
For the past two decades, the Kenyan real estate market has grown extensively as evidenced by its contribution to the country’s GDP.
For the past two decades, the Kenyan real estate market has grown extensively as evidenced by its contribution to the country’s GDP.
When undertaking any transaction for sale and/or purchase of land, it is always hoped that the property has clean title and that no issues will arise after the purchase. It is common knowledge that one ought to conduct an official search before purchasing a property.
Real estate investment remains the only hedge against inflation in the Kenyan economy, which is shilling based. It is a dominant investment medium with collective and individual ownership. However, the initial capital outlay for real estate is large compared to other forms of investment. In this context buying Land in its virgin form is the most basic investment opportunity either for speculation or for development purposes. There are persons who choose to buy land as an investment opportunity where you wait for it's value to rise then sell at a later date. Others buy to develop either for owner occupation or for commercial purposes. For whichever purpose the land buying process is complicated and is a minefield that should be navigated with care. Many have lost their hard earned cash to fraudsters selling them "air" leaving them holding worthless ownership documents. It is for this reason that utmost care should be taken before any transaction is completed. We detail below a brief analysis of the land buying process. If you are buying land either from an individual or a group follow the following steps: