Tips to Identify Genuine Real Estate Companies in Kenya
Finding a trustworthy and genuine real estate company is crucial to ensuring a smooth and secure property transaction.
With the rising demand for property, both residential and commercial, the market has unfortunately seen a rise in fraudulent companies seeking to take advantage of unsuspecting buyers.
Therefore, potential investors and property buyers need to be equipped with the knowledge needed to identify a legitimate real estate firm.
Below are ten essential tips to help you identify a genuine real estate company in Kenya:
Verify Registration with Relevant Authorities
A legitimate real estate company must be registered with the relevant government authorities, such as the Registrar of Companies and the Estate Agents Registration Board (EARB). Ensure the company is licensed to operate and is in compliance with Kenyan laws and regulations.
Check Physical Office Location
Genuine real estate companies typically have a physical office location that clients can visit. A company with an established office is more likely to be trustworthy. Ensure you visit the office and interact with the staff before making any commitments.
Review the Company’s History and Track Record
Investigate the company’s background and track record in the real estate market. Companies with a long history and a strong portfolio of completed projects are generally more reliable. Look for customer testimonials and reviews to gauge their reputation.
Examine Their Professionalism
Professionalism in communication, documentation, and conduct is a hallmark of a genuine real estate company. The company should provide clear, well-drafted contracts and offer full transparency in all dealings. Avoid companies that pressure you into making quick decisions or appear disorganised.
Request for Legal Documentation
A legitimate real estate company will readily provide all necessary legal documents, including title deeds, sale agreements, and proof of ownership. These documents should be verified by a legal expert to ensure they are authentic and valid.
Assess Financial Transparency
Financial transparency is crucial when dealing with a real estate company. A genuine company will be upfront about all costs involved in the transaction, including hidden fees, taxes, and payment schedules. Always ask for a detailed breakdown of all expenses.
Seek Referrals and Recommendations
Word of mouth is a powerful tool. Seek referrals from friends, family, or colleagues who have successfully dealt with the company. Genuine companies often have a strong network of satisfied clients willing to recommend their services.
Check for Membership in Professional Bodies
Membership in professional bodies like the Kenya Property Developers Association (KPDA) indicates that the company adheres to industry standards and ethical practices. Membership in such bodies also provides an additional layer of accountability.
Review Online Presence and Engagement
A genuine real estate company should have a professional and active online presence, including a well-maintained website and social media profiles. Check for regular updates, client interactions, and project showcases, which can indicate the company's reliability.
Meet the Company’s Leadership
Engage directly with the company’s leadership or senior management. This interaction can provide insights into the company’s values, mission, and commitment to client satisfaction. Transparent and approachable leadership is often a sign of a trustworthy company.
Recommendation: AMCCO Properties Limited
AMCCO Properties Limited stands out as one of the most reliable and genuine real estate companies in Kenya. With a strong track record of delivering quality projects and a commitment to transparency, professionalism, integrity, and excellent customer service, AMCCO Properties Limited has earned a solid reputation in the industry for years.
If you need more information about land boundary disputes or want to seek assistance with your real estate development plans, contact AMCCO Properties Limited today via 0701 293 199.
You can also take advantage of the company’s newly launched VR services and enjoy the breathtaking view of all the properties on sale from the comfort of your couch. All you need is to follow this link https://virtual.amccopropertiesltd.co.ke/
