What is the market value of a 50ft by 100ft plot at Highpoint-Juja opposite side of JKUAT

[JMMohaa]

The owner was selling at 4.5M I told him the value of the plot is 3.5M after several phones calls we settled on this price.

However, the Title deed has been used as a collateral to secure a loan with Equity Bank and has an outstanding balance is around 1.4M.

The owner is pressurizing me to talk to the loan bank manager to shed some lights and advice on the way forward,

I have been reluctant, he keep on calling mannerlessly leading me to suspect something fishy, I shared his contact with my Wakili to sort out the matter he has gone salient.

Purpose of this hadathi is to learn from the rich experiences of the K-talker on whether there is value for money and are these signs of conmanship

 

[Electronics4u]

However, the Title deed has been used as a collateral to secure a loan with Equity Bank and has an outstanding balance is around 1.4M.

Run.
Run

 

[fishmonger]

Your lawyer should be in a position to advise you appropriately after verifying details of the property.

 

[Hot lanyee]

The owner was selling at 4.5M I told him the value of the plot is 3.5M after several phones calls we settled on this price.

However, the Title deed has been used as a collateral to secure a loan with Equity Bank and has an outstanding balance is around 1.4M.

The owner is pressurizing me to talk to the loan bank manager to shed some lights and advice on the way forward,

I have been reluctant, he keep on calling mannerlessly leading me to suspect something fishy, I shared his contact with my Wakili to sort out the matter he has gone salient.

Purpose of this hadathi is to learn from the rich experiences of the K-talker on whether there is value for money and are this signs of conmanship

It is time you cut contact with that "seller".it will not end well

 

[Azor Ahai]

If you choose to ignore your gut good luck kuoshwa. Its your money. We don't care.

 

[kermit]

Murifeeeeee.....



Saa hii unafaa kuwa Embombut having cut all ties with civilization.

Also EVEN 4.5 is ridiculously cheap Juja ama ni what row from service lane?

 

[Sambamba]

1st - Red flag - offer is below market value

2nd - haujafanya search uone encumbrance(s)against the title deed. You are depending on information provided by the seller

3rd - After hapo uende Coast ununue beach plot iko na kesi.

 

[sani]

tafuta pia valuation report enye equity walitumia kumpatia loan

 

[Euler]

Na si hio Juja farm ndio wanaoshwa daily. Ama?

 

[x-trail]

1.4 itamea miguu hivyo tu

 

[magreb]

Because of why ndio mtu anunue 50*100 for 3.5m? High point is a hellhole for all I know. Seller anaweza kuwa genuine but ako na haraka kukuuzia coz contrary to what most people believe, kuuza plot sii rahisi vile. Utapata seller ametafuta mtu wa kuuzia for ages sasa vile amepata ako desperate kuwachilia deal.

 

[Karoga]

Search inasema Nini , green card inasema Nini ,Kama iko na encumbrance ingine Kama family dispute, loan dispute ,beacon dispute na majirani etc ,hapa fanya due diligence na lawyer na majirani wa karibu

 

[MTINGIZA KITANDA!!!]

Chunga kuoshwa pesa kanairo....na hiyo bei enda mashinani ushike like 5 acres touching a river. Fanya small scale mixed farming.....ngombe, fodder, fruit trees and food crops. You might loose all the amout. Enda kwa lands and do a title search uone kama iko clean ama iko na caution. Also kama title iko na equity bank. Ask to pay the 1.4m direct to equity to service the loan...then mwenyewe akule 2.1m zake bila kusumbua

 

[Inthanite]

Yous should only Transact for that piece of Land with "Equity Bank"

 

[Capitan]

..na hiyo bei enda mashinani ushike like 5 acres touching a river. Fanya small scale mixed farming.....ngombe, fodder, fruit trees and food crops

utaishi mashinani ama utakuwa telephone farmer?

 

[MTINGIZA KITANDA!!!]

utaishi mashinani ama utakuwa telephone farmer?

Hata kuishi mashinani si mbaya. Kuna some filthy rich folks who live in Mashinani na life inasonga

 

[whittenburg]

The owner was selling at 4.5M I told him the value of the plot is 3.5M after several phones calls we settled on this price.

However, the Title deed has been used as a collateral to secure a loan with Equity Bank and has an outstanding balance is around 1.4M.

The owner is pressurizing me to talk to the loan bank manager to shed some lights and advice on the way forward,

I have been reluctant, he keep on calling mannerlessly leading me to suspect something fishy, I shared his contact with my Wakili to sort out the matter he has gone salient.

Purpose of this hadathi is to learn from the rich experiences of the K-talker on whether there is value for money and are these signs of conmanship

Have you verified it is 50*100?
Another smaller plot within the area is currently being sold for an higher price
The price is low and the seller is suspicious

 

[Kijana hodari]

If the title is charged, that is good title. If you have copy of the title, request the bank for a copy of the charge. Counter-check if the names match. If not ensure various consents are there, ie I can use my title to secure a loan for my company so I have to give consent for it.

Then the bank as the chargee must give you written consent authorising the sale and also attach copy of the loan account(which you have to request the land-owner to authorise)

For high value parcels, I request the bank to write me a professional undertaking to discharge title and suspend any further transactions with it.

After, sale agreement proceeds as normal but a clause is included that the bank will be paid a portion of the sale price to cover the loan. Proceed to transfer and get your title.


Just a tip to survive Nairobi. Once you buy the property in such a manner rudisha title huko kwa hio specific branch and negotiate a development loan. Your approval will be faster and probably manager will be more accommodating in your transactions.