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Video: How to Carry Out Due Diligence Before Investing in Real Estate in Kenya
Optiven CEO George Wachiuri takes you through the steps you need to go through as you carry out due diligence before investing in real estate. He has 21 years of experience in the sector and gives insight into this very crucial process.
Today a lot of Kenyans are looking for properties to invest and make a quick return especially per now where real estate in Kenya has been rated as one of the fastest-growing opportunity.
Here are some of the tips you should know before you invest:
- Find out the validity of the organization/ company selling to you.
Check them out if they have an office. Do they exist? Do they have directors and how is their structure?
- Enquire about past successful projects
Ask the organization inspiring you whether they have successful projects and insist on person or through your representative to visit the project.
- Insist on visiting the project on offer.
Let the people who are selling the concept show you where is their location, what they have done for you to be safe.
- Always ask for a title deed.
Look at the title deed. Take it to your lawyer and check out to see whether the search is ok.
- Enquire on the company governance.
Check whether this company has got a living or genuine directors.
Ask who the owners of the company are, inquire on what do they do and their history to ensure your money is safe.
- Understand the agreement.
Ensure the agreement you enter into covers you as a buyer. Ensure the company is real and genuine
When the deal is too good always think twice, obey your guard feeding because your money is important.
