We have compiled real estate marketing ideas you can use to promote your businesses. These apply whether you’re getting started or are an experienced agent. As a real estate agent, one question is always on how to boost your sales so that this in turn increases your income. In this article, we shall go over 9 different things that you can do as a real estate agent that will result in more income. Read to the end and you can identify the right solution for yourself. 1. Expand Your Sphere of Influence One way to build contacts and generate leads is throughnetworking.Networking focuses on generating real estate leads via the people you already know, including your family, friends, classmates, business associates, sports team members, and even service providers (e.g., your doctor and hairstylist). 2. Work under a seasoned mentor Working under a mentor who is in line with your area of specialization is a good idea. Through experience, such a mentor is able to identify opportunities in the market that a beginner may not identify. The mentor will also identify threats that may face the business and provide solutions on how to mitigate them. This will save so much of…

The ownership of land in Kenya is not absolute and this right can be lost any time Land Rights in Kenya: In 2010, Kenya celebrated the passing of a new Constitution. One of the big wins for Kenyans was the clear provisions on land. The right to ownership and use of this highly coveted asset was no longer left to the whims and caprices of Parliament – it was and is guaranteed in the Constitution. The Constitution sought to buttress this right by drawing a clear distinction between private land, public land and communal land and a distinction between individual rights vis a vis the collective rights of the people of Kenya. Private Ownership of Land The Constitution defines private land as land registered and held by any person under any freehold and leasehold tenure, and any other land declared as private land under an Act of Parliament. In 2012, another big win for Kenyans was the passing of the Land Act, the Land Registration Act and the National Land Commission Act which codifies and consolidates all laws relating to land in Kenya. The passing of the said Acts buttressed the right to private ownership of the land. The Constitution…

House prices continued to decline in the fourth quarter of 2021, at a much faster rate than what was recorded in the third quarter. The Kenya Bankers Association – House Price Index (KBA- HPI), showed that house prices contracted by a higher rate of 3.99% during the quarter, compared with a contraction of 3.70% in the third quarter. The steady decline in house prices broadly reflects the headwinds in the economy that influenced both demand and supply. With demand depressed, the change in house prices was not drastic, partly because of the downward stickiness of prices – a typical characteristic of the housing market. The report attributes the decline to a general price correction trend as well as slow economic growth and weakened households’ purchasing power. In the second quarter, the prices softened by 1.62%, 3.70% in the third quarter and 3.99% in the fourth quarter of 2021. Kenya Bankers Association Research and Policy Director Dr Samuel Tiriongo noted that the sharp drop in prices in 2021 reflected subdued investments that limited the rollout of new supply amidst easing demand. “The broader construction and real estate sector manifested declines in the growth trajectory in the fourth quarter of 2021, growing…

The housing financier said on Monday that the Kenyan government should address the high cost of land and building material. Land prices in Nairobi constitute up to 60 percent of the total cost of a housing unit in a move that looks set to derail efforts by the state to speed up the development of affordable housing units, Shelter Afrique has said. The housing financier said on Monday that the Kenyan government should address the high cost of land and building material, which they said, would worsen the provision of affordable housing in the country. The firm said that studies in the market have revealed that land prices should constitute between 10 to 15 percent of the total cost of a housing unit for it to be affordable, but this is not the case in many African countries including Kenya. “In Kenya, for instance, the cost of land makes up between 40 percent and 60 percent of the total cost of a housing unit, like the case with Nairobi which is the most expensive in the entire continent of Africa,” said the firm’s acting managing director and chief financial officer Kingsley Muwowo. “How do you deliver affordable housing when you’ve…

It is Important for a renter to follow certain protocols, once they decide to exit an apartment at the end of their tenancy period. Vacating a house in an unplanned manner, might not only lead to legal troubles but also monetary losses for the tenant. In this context, we look at the things that a tenant must do, while leaving a rental home. Serve a notice to the landlord As specified in the rental agreement, the tenant should serve a notice to the landlord, notifying the latter about his intention to vacate. The same is true, if the landlord desires to get his premises vacated. Since rental agreements in the residential sector typically talk about a one-month notice period, you have to let your landlord know one month in advance, about the planned exit. In case the notice period stated in your rental agreement is longer, you will have to serve the notice accordingly. If you are in a hurry to shift, because of any personal or professional reason, you may have to pay the rent for the entire notice period, as stated in the rent agreement. Check the maintenance aspects in the agreement An ideal rental agreement would also…

Landlords may have expected to more than double their earnings fromhouse rents when infrastructure transformed some of Kenya’s remote towns. It has, however, proven to be a difficult task. Despite new electricitylines and improved road networks, rents in many rural areas haveremained virtually unchanged. In other cases, initial rent increases were immediately overturned aftertenant protests and evictions. Many residents in rural areas, according to Joshua Mwangi, a tenant at abusiness in a village in Nyeri County’s Kieni, are low-income earners. Any attempt to charge them a price that will force them to live abovetheir means is met with opposition, even a boycott of one’s rental units. “The majority of people simply want a place to rest their heads in theevening.” “They aren’t searching for elegance,” he explains. “There is always another option for settling and avoiding a landlordwith high charges.” As a result, despite infrastructure expansion, therents charged stay mostly unchanged. Mwangi claims that rental houses timber in his village may be rented foras little as Sh500 per month, the same sum as before the village wasconnected to the national power grid. The majority of the houses have timber walls, while others have roofingsheets. Daily farmhand responsibilities pay roughly Sh250…