Scouting for Properties on Behalf of Diaspora Clients

There are various channels that Kenyans use to send money back home for example cash pickup, money transfer services and mobile wallet. According to the diaspora remittances survey by the Central Bank of Kenya, the value of in-kind remittances was reported to be between USD 500 and USD 5,000 for majority of the respondents who sent remittance through formal channels.

For most diaspora residents, venturing into buying property back home ranks top among their investment risks. Miss R. for instance, once bought land that had been advertised back home. She was excited about it and planned to build her house on it. She paid everything and planned to come view the property on her next visit. To her utter surprise, the title document she had been given was fake and the land had already been sold to another owner. Needless to say, she lost the money.

We have all heard stories of misrepresentation where diaspora residents are presented with very convincing showroom photos and are subsequently lured into buying property off plan. Make no mistake, buying off plan is a great chance to acquire a property at a reduced price, IF everything goes as promised. When it doesn’t go as planned, investors happily put in their money, only for the actual product to be a far cry from the imagined, either too small rooms, poor finishing or incorrect income estimates.

Others have paid for property whose development stalls for years rendering the investment unworthy. Knowing that most sales agreements are drawn to favour the developer, they get outsmarted in court in broad daylight.

Lavender properties does recognize these risks and many more. We have endeavored to work with integrity in vetting the ventures that our clients are interested in and advising accordingly. We scout for the property that suits the client’s specification as if we were scouting for our own. We recognize the amount of effort and time that goes into getting even the least amount of money. We uphold high levels of integrity in all our dealings because we want all our clients to repeatedly chose us and even refer their friends in the long term.

When a client approaches us, we take the time to listen in order to capture their very important needs. Next we provide them with a range of verified and scandal-free properties for them to choose from. Seeing that most are not in the country, regular, transparent and timely communication is key. We involve our lawyers as well as the client’s lawyer to make sure that the necessary due diligence is carried out.

Having been in the real estate Industry since 2005, we can confirm that the extra care and proper communication has enabled us to maintain a clean track record with our clients. Moreover, with our property management services, it becomes easy to get tenants and collect rent on behalf of the investor thus saving them the new headache of reaping from their investment while abroad.

Want to know more? Call us on +254 115898076 or send us an email on info@lavenderproperties.co.ke