The 5 Biggest Mistakes People Make When Buying Land

Buying a plot of land is a major investment, and it's important to do your due diligence and avoid making the biggest mistakes that people make. In this blog, we will discuss the five biggest mistakes people make when buying a residential plot of land in Kenya. We will also provide tips on how to avoid these mistakes and ensure that you have a successful purchase experience.

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(1) Not doing your due diligence

The biggest mistake people make when buying a residential plot of land is not doing their due diligence. This means not checking the title deed, not conducting a land search, and not verifying the seller's identity.

It is important to check the title deed to make sure that the seller is the legal owner of the land and that there are no liens or encumbrances on the property. You should also conduct a land search to make sure that the land is not subject to any zoning restrictions or other legal issues. Finally, you should verify the seller's identity to make sure that you are not dealing with a scammer.

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(2) Buying a plot of land that is not zoned for residential use

Another common mistake people make is buying a plot of land that is not zoned for residential use. Zoning determines what type of development is allowed on a particular piece of land. If you buy a plot of land that is zoned for commercial or agricultural use, you will not be able to build a residential home on it.

It is important to check the zoning map before you buy a plot of land to make sure that it is zoned for residential use. You can also contact the local zoning department to inquire about the zoning status of a particular plot of land.

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(3) Paying too much for the plot of land

It is important to pay a fair price for a plot of land. If you overpay, you could lose money in the long run. There are a few things you can do to determine the fair market value of a plot of land:

• Compare the prices of similar plots of land in the area.
• Get an appraisal from a qualified real estate appraiser.
• Negotiate with the seller to get the best possible price.

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(4) Not having a clear understanding of the purchase process

Buying a plot of land can be a complex process. It is important to have a clear understanding of the steps involved, such as:

• Negotiating a purchase agreement
• Obtaining financing
• Conducting a title search
• Signing the title deed

If you are not familiar with the purchase process, it is a good idea to work with a qualified real estate agent who can guide you through the process.

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(5) Not working with a qualified real estate agent

Working with a qualified real estate agent is the best way to avoid making mistakes when buying a residential plot of land. A good and qualified real estate agent will be able to:

• Help you find the right plot of land for your needs and budget
• Negotiate the best possible price on your behalf
• Guide you through the purchase process
• Protect your interests

Buying a residential plot of land is a major investment, but it can be a very rewarding experience. By avoiding the mistakes listed above, you can increase your chances of having a successful purchase.

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Benefits of Working with Astoria Properties to Buy a Residential Plot of Land in Kenya.

There are many benefits to working with Astoria Properties, a qualified real estate company, when buying a residential plot of land in Kenya. Here are just a few:

• Save time and hassle. We will handle all of the legwork for you, from finding the right plot of land to guiding you through the purchase process.
• Get the best possible price. The price of our properties is subject to negotiation with our clients to ensure that you receive the maximum value.
• Avoid making costly mistakes. We help you avoid making common land purchase mistakes, such as buying a plot of land that is not zoned for residential use or paying too much for the land.
• Get expert advice. Through our vast real estate research capability and expertise, we have a deep knowledge of the Kenyan real estate market, and we provide you with expert advice on everything from choosing the right location to financing your purchase.‍
• Avoid scammers and fraudulent sellers. We only sell properties that we fully own and believe in. This means that you can be confident that you are buying a legitimate property from a reputable seller.

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Buying a residential plot of land is a major investment, but it can be a very rewarding experience. By working with a qualified real estate agent, you can increase your chances of having a successful purchase.

If you are serious about buying a residential plot of land in Kenya, reach out to us and learn more about how we can help you find the perfect property for your needs and budget.