faq
How can I Contact One Eleven Properties Kenya?
You can contact us through our phone number +254254702705895, our email address [email protected], or our social media pages on Facebook and Instagram. You can also visit our website for more information.
What are the benefits of buying a property through one eleven properties Kenya?
Buying a property through one eleven properties Kenya gives you access to the best deals and locations in the market, as well as professional and personalized service from our experienced and passionate team of real estate agents. We also provide you with legal and financial advice, valuation and survey services, and property management solutions.
The steps involved in buying a property through one eleven properties Kenya are:
- Identify the property you are interested in from our listings or let us know your preferences and budget.
- Contact us to arrange a viewing and inspection of the property.
- Negotiate the terms and price of the sale with the seller or their agent.
- Sign the agreement for sale and pay the deposit, usually 10% of the purchase price.
- Conduct due diligence on the property, such as land search, title verification, and clearance of rates and rents.
- Pay the balance of the purchase price and the stamp duty, usually 4% for urban land and 2% for rural land.
- Transfer the property to your name and register the title deed at the land registry.
- Move in or rent out your property.
How long does it take to buy a property through one eleven properties Kenya?
The duration of buying a property through one eleven properties Kenya depends on various factors, such as the availability and cooperation of the seller and their agent, the complexity and completeness of the property documents, the efficiency and backlog of the land registry, and the mode of payment and financing. On average, it takes between 30 to 90 days to complete a property transaction.
The costs involved in buying a property through one eleven properties Kenya include:
- The purchase price of the property, which is negotiated with the seller or their agent.
- The stamp duty, which is a tax levied by the government on the transfer of land, and is calculated as a percentage of the value of the property, usually 4% for urban land and 2% for rural land.
- The legal fees, which are the charges paid to the lawyer who handles the conveyancing process, and are usually 1.5% of the purchase price or a minimum of Ksh 35,000, whichever is higher.
- The valuation fees, which are the charges paid to the valuer who assesses the market value of the property, and are usually 0.25% of the purchase price or a minimum of Ksh 10,000, whichever is higher.
- The survey fees, which are the charges paid to the surveyor who verifies the boundaries and measurements of the property, and are usually 0.1% of the purchase price or a minimum of Ksh 5,000, whichever is higher.
- The agency fees, which are the charges paid to the real estate agent who facilitates the sale, and are usually 3% of the purchase price or a minimum of Ksh 100,000, whichever is higher.
How can I sell my property through one eleven properties Kenya?
Selling your property through one eleven properties Kenya is easy and convenient. All you need to do is:
- Contact us and provide us with the details and documents of your property, such as the title deed, the rates and rents receipts, the floor plan, and the photos.
- Let us market your property to our large network of potential buyers and tenants, through our website, social media, and other platforms.
- Let us arrange and conduct viewings and inspections of your property with interested parties.
- Let us negotiate the terms and price of the sale with the buyer or their agent.
- Let us prepare and sign the agreement for sale and receive the deposit, usually 10% of the purchase price.
- Let us facilitate the due diligence and transfer process, such as land search, title verification, and clearance of rates and rents.
- Let us receive the balance of the purchase price and the stamp duty, usually 4% for urban land and 2% for rural land.
- Let us transfer the property to the buyer’s name and register the title deed at the land registry.
- Let us hand over the keys and the original documents of the property to the buyer.
How long does it take to sell my property through one eleven properties Kenya?
he duration of selling your property through one eleven properties Kenya depends on various factors, such as the demand and supply of the property, the attractiveness and competitiveness of the price, the availability and cooperation of the buyer and their agent, the complexity and completeness of the property documents, the efficiency and backlog of the land registry, and the mode of payment and financing. On average, it takes between 30 to 90 days to complete a property transaction.
What are the costs involved in selling my property through one eleven properties Kenya?
The costs involved in selling your property through one eleven properties Kenya include:
The agency fees, which are the charges paid to the real estate agent who facilitates the sale, and are usually 3% of the purchase price or a minimum of Ksh 100,000, whichever is higher.
- The legal fees, which are the charges paid to the lawyer who handles the conveyancing process, and are usually 1.5% of the purchase price or a minimum of Ksh 35,000, whichever is higher.
- The clearance fees, which are the charges paid to the county government and the national government for clearing the rates and rents arrears, if any, on the property.
- The capital gains tax, which is a tax levied by the government on the profit made from the sale of the property, and is calculated as 5% of the net gain, which is the difference between the selling price and the adjusted cost of the property.
What are the benefits of renting a property through one eleven properties Kenya?
Renting a property through one eleven properties Kenya gives you access to a variety of quality and affordable properties in the market, as well as professional and personalized service from our experienced and passionate team of real estate agents. We also provide you with legal and financial advice, tenancy agreements, and property management solutions.