WHAT TO KNOW BEFORE GOING FOR MORTGAGE

 In the most basic sense a mortgage is a loan to buy a property. The process of securing a mortgage means lender approval based on your income, credit rating and other debt.

Understand Your Fixed Costs-Before you decide what you can—or should—spend on a mortgage it’s important to take stock of your habits and your true fixed costs. Be honest with yourself when putting together your household budget, if you’re going to be miserable without your daily premium cup of coffee, then along with your student debt and car payments,plan your costs

Paying Off Your Mortgage-

Once you’re approved for a mortgage and buy your home (congratulations!), now you have to actually start paying off the loan. There are several factors involved in this like your interest rate, payment schedule (monthly, twice a month, every two weeks, or weekly) and your amortization period, which is the amount of time you’ve selected to pay back the mortgage (usually ranging from 15-25 years).

PICKING THE RIGHT interest RATE. 

The interest rate at which you select to pay off your mortgage varies from “fixed”—whereby the rate will NOT change for the term of the mortgage, and is generally a bit higher but considered more stable, or “variable” whereby the interest rate can fluctuate with the current state of the market.

CONCLUSION-Owning a home can truly be an amazing thing. Thankfully there are many resources out there to help make the process a smooth one like mortgage brokers and financial advisors, so remember, you’re never alone through this daunting process

WHY YOU SHOULD ATTEND INVESTMENT EXPOS.

 Exhibitions is a business platform for the  real estate sector and others and for investors. You will find representatives of all areas of the supply chain just a few steps from one another: from development, financing and realization through marketing to the operation and use of real estate and other investment options.
Here you are able to network and share contacts with the sellers of various products and services and the investors.
Exhibitions are open to a large and sometimes diverse range of audiences, general public. This provides you with a platform to promote your product or service to a broader group that may have little or no knowledge of your products and services.
Depending on your type of business, product and market testing can be carried out at exhibitions to gain industry or general opinion about your offering.
As investors you are able to find diverse and wide range of products in one room where you can compare the market prices to make a choice where to invest.
Also you get information  from financiers like banks and Saccos on the amounts, interest rates and percentages of plots and mortgages.
In conclusion companies tend to offer exclusive discounts during this period because of the competition and the need to attract clients as depicted by Ndatani ent.during the just ended 23rd Kenya Homes Expo at KICC.

Why you should buy from a property agent

 

Buying a home is one of the most important financial transactions you will ever make in your life. Hiring a trained and experienced Real Estate agent who has market expertise is the logical and smart choice in today’s busy world and fast paced market. In the capable hands of an experienced and well-versed agent, you can be sure to get your money’s worth. Having a pro can save you’re your money and definitely your time. You can find your dream property through a realtor because he will guide you right from the beginning to the end.

The Property consultant or agent will help you take the right decision giving you property related advice such as:

    Smart search- giving you the maximum property options and helping you short list
    Compare and weigh the pros and cons of localities and projects, security, etc.
    Updating you on the latest rates and trends of the real estate market.
    Financial advice and updates on various schemes
    Giving you walk through of the property or a subjective orientation
    Help you with legal advice

The realtors nowadays invoke a long term trusted relationship with their clients at the same time giving premium professional service. There are numerous well-known real estate agencies and consultancies who offer their services to help you buy residential Property. They will help you choose, plan and budget your home buying. There is no harm in buying directly from the builder but most of us do not have the knowledge as to whether the building has a clear title, land deed clearances, etc. It is, therefore, advisable to hire a professional who will take care of all the small details and help you close the deal. They will provide you strategic advice and with the help of their residential and commercial property specialists, deal making will be at hand.

The modern trend is that the real estate companies have different departments that cater to different problems related to a property purchase. So find a good established realtor who will help you find your dream home.

 

HOW TO BUY LAND AS A GROUP.

HOW TO BUY LAND AS A GROUP.
Initial investors are often unable to purchase land without taking on some type of partner. Combining assets and dividing the costs can make land ownership affordable.Food plot supplies, equipment and work can also be shared.But humans don’t always share well. You have to plan for disagreements, no matter how unlikely you think they are to arise.
Like any business deal, it comes down to picking the right partner(s) and establishing a plan for how you will operate as a group. The owners need to share the same vision for the land. It’s important to come to agreements on issues, such as,how payments will be made, what happens if someone falls behind payments or passes away. Do this before any purchase is made. Then, visit a real estate lawyer to get all these agreements in writing.
Typically, in partnerships where individuals own equal shares of the land and new issues arise that are not in the legal agreements, voting is how decisions are made.
There are several ways land partnerships can be set up legally.The most common are putting multiple names on the title thus establishing an equal possession of the land.
At Ndatani enterprises we have proposed an equally affordable way to purchase our schemes without a hassle if you already have  a group or planning for one.We offer terms of payments from paying in cash in a discounted price to paying in instalments or getting financed by a bank.You can arrange to pay a 30% deposit of the land price and start paying via mpesa till number in daily basis for as low as kshs.500 per month per group member in a half year highly reducing the debt.Our schemes are basically in Embakasi-utawala area,Kangundo road,Syokimau,Athi river,Kajiado and Mombasa.
Visit our website at www.ndatani.com or call 0703 845 620 for enquiries and more assistance.

WHY INVEST IN REAL ESTATE?

Ever wondered which way to invest your hard earned money,well,sit back and read these authored reasons researched to aid you save your cash in a growing environs.
A)It's safe (as houses)
There’s a reason why ‘safe as houses’ is a well-known phrase: it’s true.According to survey research land has increased in value at a rate comparable to that of the share market since immemorial – an average of 11.4% per annum – despite recessions and crises. It’s done so without the volatility of the share market, too making it an all-round safer investment.
“When you factor in the return and risk associated with buying property and shares, property wins hands down,” says investor, university lecturer and author Peter Koulizos.
B)It’s easy to get started
You don’t need specialist knowledge to start investing in property:in fact,many property investors didn’t start off intending to make their fortune through property.Instead,they just bought a piece of land.It’s only after seeing the value of their land increase – and realizing how much wealth you can generate – that many investors take the leap and start proactively investing.
C)It’s easier to research than stocks and shares
Playing the stock market requires a lot of education.You have to understand how the system works,understand the complex world of trading(not least the different kinds of financial instruments used),as well as research brokers and fund managers.Once you’ve done this, you’ve then got to get to grips with the companies on the market – which involves trawling the financial press, annual reports, other company releases and so on.
Investing in property,meanwhile, is much simpler:at its most basic,you can simply jump online and start looking at properties. Admittedly, there’s more to getting property investing right than just picking a property, but a significant amount of research can be done online (and is usually either free or inexpensive) or by visiting suburbs,open houses and auctions–without having to garner reams of specialist knowledge beforehand.
D)It’s relatively easy to get finance
It may not feel like it when you’re applying for a mortgage, but lenders like property.Home loans are a major part of any bank’s business model, and lenders are more likely to lend on residential property than any other asset class –as evidenced by the fact that they will lend a higher proportion of the value (up to 95%) and at lower interest rates than any other asset class – including commercial property.This makes it a lot easier to borrow to invest in property than in any other asset class.
E)You can use leverage
Borrowing to invest in property also means you get greater access one of the oldest and most powerful tricks in the financial book: leverage.
You can borrow more when using property as security as compared to using a share portfolio.Lenders will lend up to 95% of the value of the property,whereas they may only lend up to 50 or 60% of the value of a share portfolio.This greater borrowing power allows you to benefit from the capital growth of a larger asset.
Imagine two people in the same job,on the same income, same assets and considered to be a similar risk by the bank,the person wishing to buy a house may be able to borrow some more based on their financial position whereas their workmate may only be able to borrow less to buy a portfolio of shares.
Assuming these both increase by 10% in a year, the person with the property has netted more in capital gain,while the shareholder has gained less.That’s a big difference in just the first year – and remember, the profit’s all yours.Paul Giezekamp,director of Property Secrets,reckons that the greater leverage you can access is “probably the best thing in regards to property.” F)Different strokes for different folks
Property is a remarkably flexible investment: no matter what your financial aims are, you should be able to find an investment strategy that suits you.Common strategies include:
-Long-term capital growth
-Looking to build a retirement nest egg?Long-term increase in value is the most effective way to do this.Property has historically proven its ability to deliver capital gain provided you select the right area with correct supply / demand ratio and demographics.
G)Positive cash flow
Need cash now?Choose properties where rents outweight holding costs.Certain property products like land investments offer exceptional cashflow.This extra money can definitely assist all areas of your life.
H)Adding value
Spotted a shabby old place with potential? You can buy,subdivide or develop and create value out of thin air even through a simple paint job–unlike other asset classes.You can influence the value of your investment by renovating, developing or even altering the use,however there isn’t one thing you can possibly do to change the currency or share market.You can polish your wedding ring but the gold price still drops
I)100% control
If you invest in the share market, you typically need to hire a broker to handle your trades for you, and the value of any shareholding is reliant on market conditions and the actions of the people running that company -introducing an element of uncertainty. This is much less the case in property: once you’ve settled, you directly own the asset and you have complete control over it (assuming you can keep up the mortgage repayments, and within the bounds of planning law).That’s a hugely powerful thing, as it means that you can influence both asset worth (by adding value) and cash flow (eg by land appreciations or if you've built raising the rent)directly–something that’s nigh-on impossible to do with shares in a company.
Visit us www.ndatani.com or visit our offices at Afya center we together engange in the path to property ownership.

 

WHY ONE SHOULD INVEST AT KANGUNDO RD

The Eastern frontier is the next area to invest in I. E along Eastern bypass and Kangundo road. With the construction of Outering road connecting Tajmall near Mombasa road to Thika road at Alsops, and the Eastern bypass land along this areas has appreciated in price significantly in past few years. This is because it has eased the traffic along Kangundo road thereby opening up the small towns along it like Kamulu, Joska , Mala  and even Kantafu.
Also the proposed bypass that will pass through Mlolongo, Utawala, through Kangundo road to connect to Thika road will go along way in opening up those areas and it's neighborhood.
Power is available and well connected around this areas. Water is also available on site mostly borehole making this frontier good for both settlement and speculation.
Land around this place is also affordable E. G a plot measuring 50 by 100  at Ndatani Enterprises goes for 795000 only with all the title fees included. It becomes even cheaper if one buys in cash as there is a 10% discount, there is also a flexible payment terms like of instalments payments and finance can also be organized.
Since venturing into the real estate business, Ndatani enterprises have been able to sell over 1000 plots in Embakasai, Athi River, Kitengela and Bamburi. We still have land available for sale and ready for development and various plots in the said ares. Kindly contact us. http://www.ndatani.com/about-us/

HOW TO BUY VACANT LAND.

HOW TO BUY VACANT LAND.
Buying vacant(undeveloped) land can be a great investment, or means to build a business or home. There are a number of special considerations and concerns when purchasing raw land that need to be addressed before and after the process of purchasing your property. If you take the proper precautions and consult the right lawyers and professionals you can reduce risks and increase the rewards of the land.
Form A Plan by;

1)Determine the reason for buying land
Many questions need to be asked by a potential buyer before buying process starts I.e. why are you buying? There are various reasons to buying raw land;
         farming
         speculation
         building home

2)Come Up With A Budget-Your budget need money for several steps that most other land and home purchases do not, as well as the common expenses of purchasing land. Plan to include money for the following in your budget: down payments, conversions to your intended use, carrying costs which include interest on your loan and any property taxes.

3)Begin Your Search For Available Land.
Once you set your mind what you much want to use the land for and your budget, begin the search for available land in your requirements, on this please visit our site www.ndatani.com or our offices at Afya Center 10th floor. You'll also want to know what properties you border and whether industrial farming or agricultural practices will affect the value of your land. For a good land schemes its free of any easements or the neighbors have any rights of way.

4)Ensure Access to Sewage and Water.
Things that make land useless is lack of  septic system or a water source. If your land has access to water the better or digging a well on your piece.

5)Consider Roads and Topography.
The soil system if you're planning to embrace farming is worth to observe. Take topography and transport very essential. Again check if there is any easement, this means you don't own 100% of your land, a utility company can regularly use it restricting you how to use your land as well as its success as an investment.

6)Know your Rights, and Environmental restrictions.
Its of prime importance you know the rights that come with buying raw land,for example, whether you have the right to anything found on the land I.e oil,natural gas,gold or other materials.To clearly shield and create customer relationship we produce copies of title deeds for our clients to do the search at land registry offices after they have visited the schemes before s/he starts the payments.We always allow the buyer to ask questions for clarifications concerning the land.

IMPORTANCE OF LAND CONTRACTS.

A land contract may be advantageous to both buyer and seller.
Benefits to buyers. 
There may be a buyer interested on our property for sale but because of their credit history or other reasons, cannot obtain approval for a needed mortgage. We can enter into a sale by land contract so that the buyer makes monthly payments directly to the us,the vendor.

Benefits to sellers. 
The seller does not receive the full purchase price up front, like the seller would if the buyer used a mortgage or paid all cash, but the seller may have more options for potential buyers.Also, the seller may be able to negotiate a higher purchase price on the property by offering a sale by land contract. The seller(Ndatani) may also require and receive a large cash down payment.

Buyer's New Ownership of the Land Contract Property
While the buyer is making payments to the seller, the buyer is considered to have an “equitable title” to the property. As an equitable title holder, the buyer has an interest in the land contract property and the seller is precluded from selling the property to a third party or subjecting the property to a lien or encumbrance that would interfere with the buyer’s interest in the property.
The “legal title” to the property thus remains with the seller until the buyer makes the final payment.When the final payment is made, and all conditions of the land contract are met, the deed to the property will be filed with the appropriate government office,such as the county register of titles,naming the buyer as the new owner of the property.

BUYER FAILURE TO PAY THE DEBT IN DUE TIME
If the buyer defaults on the land contract,or fails to make the monthly payments to the seller as required,the firm(seller) can file a court action called land contract forfeiture.Forfeiture will result in the buyer giving up 10% of the money paid to the seller for the property pursuant to the land contract and the equitable title of the buyer will be pulled off.Basically,if the buyer fails to pay, the seller will keep 10% of the money received, plus the seller keeps the real estate.

The seller takes a risk selling by land contract because the he does not receive the full purchase price at the time of sale,but a forfeiture right protects the seller from a buyer who fails to pay allowing the seller keep payments and usually large down payment made by the buyer while retaining the property to offer for sale to someone else.