10 QUICK TIPS FOR BUYING LAND FOR INVESTMENT AND PROFIT

10 QUICK TIPS FOR BUYING LAND FOR INVESTMENT AND PROFIT

Get to learn the Quick Tips to Buying land for sale in Machakos County

Land is widely known to be the only fixed asset and long lasting investment one could ever venture in. A piece of land remains in good condition and increases in value. Owning land gives you financial security and peace of mind. Experts recommend raw land investing and buying land for future development, such as housing or building. No maintenance is required, and you can sell your land at a higher price in the future.

Below are 10 quick tips for buying land for investment and profit.

  1. Avoid impulse buying.

Remember to not make a deal on your first site visit. Take your time in making the offer, scope the land and perform a due diligence on the property. It is a very important task that people often assume.

  1. Site visit

As said earlier, always perform a site visit of the land so as to see what is up for grabs. Make sure you are paying for land that is in existence and also visit it during the cold and rainy season so as to check whether the land floods or if it is indeed in good order as stated by the seller.

  1. Bargain

Bargaining or haggling is a type of negotiation in which the buyer and seller of a good or service debate the price or nature of a transaction. If the bargaining produces agreement on terms, the transaction takes place. Here you have to have a strong bargaining power so as to get to a comfortable price that is worth the land and area being purchased. Factors that can aid you I bargaining are;

  • Location
  • Season
  • Availability of amenities and utilities
  1. Things to avoid

Always avoid confiding in a real estate agent who is working for the seller in matters involving your finances or best price. This is to avoid them taking advantage of your vulnerability and charging you more than you could have expected.

  1. Lawyer

Always be accompanied by your lawyer when you present your offer to the seller or his agent. Your lawyer will help you draft any changes made in the last minute that are needed to seal the deal. The lawyer also does negotiations on your behalf as a buyer in cases where it is difficult.

  1. Documentation

As the seller, all documents associated with the particular property being sold should be readily available to the buyer for authentication purposes.

  1. Sales agreement

The buyer should thoroughly go through the sales agreement to ensure they totally understand each phrase, word by word.

  1. Position

Location! Location! Location! This is a big factor though the buyer may use it to work down the seller’s price. Property purchase entails location and has 3 meaning;

  • Proximity to local goods and services. Determines whether property will be of a high value or quiet affordable. As a buyer, use the absence of location and access to your advantage.
  • Proximity to the buyer’s primary residence.
  • The seller’s property is valued high or low depending with what is around it. If the seller resides close to a mall, automatically the value will be high due to presence of amenities and utilities.
  1. Time

Time is another challenging factor. Make a point of visiting the property during the weekends and at night as it will give you the overview idea of people living in the area and security (if it is a big factor as it varies from person to person).

  1. Value for money

Lastly, let the property you are buying help you pay for it. Sell something from what you buy at a higher price than what you paid.

Denver Group Limited is a real estate firm that offers land for sale in Kamulu Nairobi at affordable prices. Our plots are valued added with ready Title Deeds. To Invest call us on 0701 730 267.