The dream of owning a piece of land back home and building your ideal home is one many share. Whether it’s a serene suburban retreat or a bustling urban oasis, the allure of owning land in Kenya can be exciting and daunting. However, the land purchasing process from abroad requires careful planning, research, and understanding of local laws and regulations. This blog will guide you through the essential steps to navigate the land-purchasing process with Daykio and turn your dream into reality.
At Daykio, we understand that our diaspora audience has unique needs. Therefore, we ensure our sales process is transparent and effective to provide excellent services. Here are the steps we take to fulfil your land ownership dreams.
- Customer enquiry and response
Once you have determined your property of interest or for those who are looking for a property befitting their needs, you can reach us on the specific property website page, by email at sales@daykio.com or by WhatsApp at 0732686943 and our team will respond within 24 hours.
- Identification of property and site visits
Identifying the plot is crucial to ensure our clients have chosen the most suitable land for them. This is followed by a site visit with either the client or a client representative for those abroad who would like a first-hand look at the property.
- Reserve your plot
Following the site visit, you may reserve the plot using the sub-division site map. Fill out the booking form and application form available at the Daykio offices.
- Submission of required documents
Once you’ve reserved your plot, our team will guide you through the documentation requirements. You are required to produce your original Identity (ID) Card, a copy of your KRA pin certificate and a coloured passport-size photograph. Ensure that all the documents are accurate and up-to-date to avoid unnecessary delays.
- Confirmation of reserved plot
After submitting the required documents, our team will hold the plot for seven (7) days, after which you will receive a call to confirm your interest in closing the sale.
- Letter of offer
The next step involves the issuance of a letter of offer. The letter of offer will include the relevant bank account information for the Daykio project, allowing you to submit the first deposit towards the acquisition of the property. This will be issued within seven (7) days of the application date. You will have fourteen (14) days to accept the letter of offer, which must be signed three (3) times as evidence that you have read, comprehended, and approved of the conditions outlined therein. Take the time to review the letter of offer carefully, seeking clarification on any points that may be unclear.
- Confirmation of payment
Utilise the bank account information mentioned in the offer letter to pay the deposit. To receive an official receipt for the amount paid, the deposit slip must be given to Daykio as proof of the transaction.
- Agreement of sales
The Agreement of Sales is a legally binding document that solidifies the transaction between you and Daykio. This agreement outlines the responsibilities of both parties, the payment schedule, and the terms of the sale. A copy of the letter of offer will be provided to our attorneys for the drafting of a sale agreement (in triplicate) within seven (7) days after payment confirmation. The agreement for sales must be signed by the client within (14) days; alternatively, the Daykio directors will do so and our attorneys will witness it.
- Preparation of title deeds
With the Agreement of Sales signed and initial payments made, we will initiate transferring ownership of the land to your name.
- Occupation of property
Upon completion of the legal procedures and the full purchase price payment, you will be granted the right to occupy and develop the property. This is an exciting milestone as you are now one step closer to realizing your dream investment or homeownership.
- Transfer, stamp duty & legal fees
During the land transfer process, you will be required to settle the applicable stamp duty and legal fees. These fees are essential components of the overall purchase process and ensure the legality of the transaction. This will be in liaison with our advocates to advise on the precise amount required for these fees. The stamp duty is paid via the KRA iTax portal.
- Collection of title deeds
Once all payments and legal formalities are complete, our team will contact you within seven (7) days to collect the title deed to your plot of land. These deeds serve as official proof of your ownership and investment in the property. You are also required to present your ID during pick-up.
Buying a plot of land from the diaspora involves a series of essential steps that, when followed diligently, lead to a successful investment. At Daykio, we strive to make this process clear, efficient, and seamless for our diaspora buyers. Our newest property, Daykio Hekima Gardens is a sight to behold and the epitome of exquisite living that encompasses all you need for your homeownership or investment venture. View the property here:
Sign up for the Daykio Hekima Gardens open day and join us on-site on September 23rd 2023 at 10 a.m. here: https://daykio.com/hekima-gardens/. Feel free to contact us at 0718180064, on WhatsApp at 0732686943 or sales@daykio.com.
