A title deed is the only form that proves ownership of a piece of land in Kenya. This crucial document is obtained from the land vendor to the buyer through a process known as a land transfer. Therefore, checking property papers before dealing with any property is vital to save you time and energy from dealing with fraudsters.
Having the deed of ownership confirms your right to your property. Dagma Land Investment is a real estate company in Kenya that provides authentic title deeds. Below are some benefits you can enjoy from your title deed.
- As Your Bank or Sacco Loan Security
Before your loan approved by financial institutions, such as banks or SACCOs, they must check and confirm your ability to repay it. Your credentials, possessions, revenue, partner’s earnings, consistency of profession, indebtedness, and the number of beneficiaries are all taken into account to determine your loan limit.
Although these criteria are not textbook and adjustable, the financial institution will request collateral in other circumstances. The collateral, in most cases, is evidenced by the presence of substantial documentation, like a title deed. For your loan to be processed with the collateral, the title must be competitive, valid, and free from limitations and restrictions.
- Security for Your Microfinance Loans
Microfinance loans are a financial category that targets low-income individuals without access to other financial services. Individual entrepreneurs with valid and read-to-use title deeds can take advantage of these loan and micro-savings facilities.
The loans are simple to process and have flexible payment methods. If you require assistance with these financial firms, you can use your title deed as security to secure the loan. However, check with your financier, as not all institutions take title deeds as security.
- Security to Develop Your Land at Your Will
Using a reliable land investment partner to purchase land and acquire the original title deed, you are sure that the land only belongs to you. However, buying land with disputes puts your plans on hold, as you can’t develop the ground at your own will.
In addition, it will waste your time with court cases, family gatherings over land disputes, or a personal threat to your life over the piece of land. Full land ownership gives you the right to mortgage, resell, gift, transfer, or lease.
Secure Your Future With a Piece of Land
Owning land gives you peace of mind from its promise of financial security. However, before settling to purchase land, ensure that you have done due diligence on the real estate, you will work with.
Dagma Land Investments is a dependable land investment firm that offers affordable plots for sale with ready title deeds. Our projects are in Thigio/Kamangu, Malindi, Kantafu, Malaa, Matuu, Ruiru East, and Kamulu. Contact us today to buy a piece of land hassle-free because we promise we deliver.