What measures can Kenyan property investors take to ensure that their best interests are taken care of whenever they purchase a property?  Especially, how do Kenyans in the diaspora ensure that even though they may be acquiring property “sight unseen”, the property of their interest can and will be duly transferred to themselves?  Is it enough to merely seek the help of professionals during the acquisition process and if not, what else can a buyer do to protect their interest in a property? In today’s episode of the RealEstateGuru254 Podcast, our legal expert, Ms Monica Mwangi, discusses how property acquisition should be safely undertaken. We delve briefly into the following: 

It is important to have a basic understanding of land regimes and tenure systems for private land in Kenya and to be keenly aware of the implications that may come with owning that property, depending on its tenure. 

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In today's episode, The Good, The Bad and The Ugly - Part 1 - The Good - I discover that there is always unprecedented goodness in humanity when I make connections that lead to enduring relationships in an industry fraught with human corruption, on both the divides of a real estate transaction.

The role of a property agent is to get two parties safely across a bridge that is often founded on conflicting personalities, competing interests and tugs of war between emotions that often run counter to each other. It expends a lot of mental energy trying to work through people's backgrounds, perceptions, opinions, attitudes, you name it!

Only on rare occasions do you find a way to smooth things over as if none of it had anything to do with you. When everything falls into place at the right time, when the characters are all focused on the goal and nothing else, it is easy to get across that rickety bridge with little to no friction!

They say that lightning doesn't strike twice in the same place. However, navigating through two transactions that were both somehow intertwined by the same characters and managing to do so at a time when the market was tepid felt like a win. Indeed, it was a win for all involved. Which is also an infrequent outcome. It's always good to share positive stories and to feel like even in adversity, good can come out.

I also share some of the lessons that this experience taught me - not just lessons I gleaned from the characters in the story, but also about myself. Hopefully, it is an encouragement to keep pressing forward, to keep a positive attitude even in the face of many discouragements, and to be found doing our best work

Our legal expert, Ms Monica Mwangi, an advocate of the High Court of Kenya fields various scenarios in an attempt to provide a basic understanding of the legal principles of arm's length, prejudice and conflict of interest, and how they operate to affect real estate transactions. We look especially at scenarios that occur with regular frequency in the real estate industry. Investors should want to know how to navigate their engagement with prospective sellers and buyers of property by having at least a basic understanding of these legal principles.

Welcome to the RealEstateGuru254 Podcast. In this episode, we will share with you the journey that led us to create the podcast, where it all began, who we are and what values we espouse, why we are creating the podcast and what we are all about. We hope that you will join us on this journey and that you will gain insights into the real estate market in Kenya. We have many goals with the RealEstateGuru254 Podcast, but the big shall be to create a community of knowledgeable, market-savvy property investors seeking growth through their everyday and diverse experiences. RealEstateGuru254 is a hub that promotes real estate market intelligence in Kenya by deepening interactions and encouraging collaboration between investors, industry professionals and the broader marketplace.

You can learn more about us and even support this production here: https://linktr.ee/realestateguru254