Are you living in the diaspora? Here is what you need to know about investing in real estate.
Purity Kagendo, Marketing Manager at Daykio, explains how we aim to elevate the property ownership process through innovative strategies.
Our Sales Process
We provide a point of contact for foreign investors and Kenyans in the diaspora as they venture into the local property market.
1 Customer enquiry & response from Daykio
Once you make your enquiry, our customer care team will respond within a period of 24 hours. Details regarding the desired property may be sent via email, or a meeting with a Daykio agent can be arranged to help you make an informed investment decision.
2 Identification of plot & site visit
Identify the piece of land that you would like to purchase. A relevant site representative will arrange a site visit to the Daykio Project.
3 Reserve your plot
After the site visit, the you may reserve the plot using the sub division site map. Complete the booking form and the application form from the Daykio offices.
4 Submission of required documents
You will be required to produce your original Identity (ID) Card, a Copy of your KRA PIN certificate and a coloured passport size photograph.
5 Confirmation of reserved plot
Daykio will hold the plot for seven (7) days from the date of booking, after which an agent will call to confirm whether you are still interested in closing the sale.
6 Letter of offer
Once intent to purchase the plot has been confirmed, Daykio will issue a letter of offer outlining the terms and conditions of the sale. The letter of offer will indicate the appropriate bank account details for the Daykio project to enable you to pay the first deposit towards the purchase of the property. The letter of offer will be issued within seven (7) days from the date of the application. You will have fourteen (14) days to accept the letter of offer, which must be executed in triplicate as a confirmation that you have read, understood and agreed to the terms and conditions stated therein.
7 Confirmation of payment
Proceed to pay the deposit using the bank account details provided in the letter of offer. The deposit slip should be submitted to Daykio as a confirmation of the payment and after which, we will issue an official receipt for the payment made.
8 Agreement of sale
A copy of the letter of offer will be forwarded to our advocates for preparation of an agreement for sale (in triplicate) within seven (7) days from the date of the payment confirmation. You will have (14) days to execute the agreement for sale, after which it will be executed by the Daykio directors and attested by our advocates.
9 Preparation of title deed
Once the plot is fully paid for as per the terms of the agreement of sale, we will commence the process of transferring the property in your name.
10 Occupation of the property
We will then issue a letter of completion of payment and so that you can now occupy the property.
11 Transfer, stramp duty & legal fees
We will liaise with our advocates and advise you on the required amounts for legal fees, registration fees, stamp duty and any other fees required to facilitate the transfer and obtain the title deed in your name. (Pay your stamp duty using the KRA iTax portal)
12 Collection of title deed
Upon completion of the transfer process and the title deed in your name is received from the advocate, we will get in touch with you within seven (7) days to collect your title deed. You must present your original identification card when collecting your title deed.
Make an Enquiry
Visit our offices to speak to an agent, or fill in the form below and a customer care representative will get back to you within 24 hours.