Traditionally, when you purchase a home, you own the home and the land the property is built on. There are some circumstances that involve a land lease, which means you would own the home while paying rent to the landowner for the land. A land lease, also known as a ground lease, refers to an arrangement where a landowner grants another party the right to use a piece of land for a specified period,...
Days on market (DOM) in real estate refers to the number of days a property remains listed for sale before it is sold or taken off the market. This metric serves as a vital indicator of the market's health and the property's attractiveness to potential buyers. A shorter DOM typically suggests a strong demand for properties in that market, potentially resulting in quicker sales and competitive bidding...
A realtor can be incredibly helpful for several reasons: Market Knowledge: Realtors have extensive knowledge of the local housing market, including current trends, pricing, and neighborhood information. This helps them guide buyers to suitable properties and negotiate competitive offers. Access to Listings: They have access to Multiple Listing Services (MLS), which lists all available properties...
There could be several reasons why a person might not trust land dealers when purchasing land in Kenya: Land Ownership Issues: Kenya has had historical and ongoing issues with land ownership, including disputes over rightful ownership, forged titles, and overlapping claims. This can lead to uncertainty about the legitimacy of the land being sold. Corruption: Corruption is a significant concern in...
Sure, consultancy in real estate typically involves providing expert advice and guidance to clients involved in buying, selling, leasing, or managing real estate properties. Here are some key aspects and services that real estate consultants might offer: Market Analysis: Assessing current market trends, property values, and investment opportunities in specific locations or sectors of the real estate...
Land surveyors play a crucial role in various aspects of land development, infrastructure projects, and property transactions. Here are some key reasons why they are important: Property Boundaries and Legal Certainty: Surveyors accurately measure and define property boundaries, ensuring that landowners know exactly where their property lines lie. This helps prevent boundary disputes and provides legal...
Owning a one-acre plot of land can hold various secrets depending on your goals and location. Here are a few possibilities: Self-Sustainability: One secret could be the potential for self-sustainability. With careful planning, you can grow your own fruits and vegetables, raise animals for meat or dairy, and even generate your own energy through solar panels or wind turbines. Investment Opportunity:...
Beacons play a crucial role in land allocation processes, particularly in surveying, establishing, and defining boundaries. Here's a detailed look at beacons importance: Boundary Definition: Beacons are physical markers placed at specific points to delineate the boundaries of a piece of land. These markers provide a clear visual indication of where one property ends and another begins, helping to...
The green card, also known as the certificate of land ownership, holds significant importance in the process of acquiring land, particularly in contexts where land tenure systems require formal documentation of ownership. Historically, the concept of land ownership and the need for documentation have evolved over time, reflecting changes in legal frameworks, governance structures, and societal norms....