At Kewisco Housing Sacco Limited, we believe in empowering our members to identify and invest in land projects that resonate with their needs and aspirations. Our structured approach ensures that each project is thoroughly vetted for viability and ownership before we move forward. In this blog post, we’ll outline how we handle land projects from identification to sale.
1. Member-Driven Identification
Our land projects begin with our members who identify potential plots in various areas based on their local knowledge and needs. This grassroots approach ensures that we focus on locations that hold real value and promise for our community. By leveraging the insights of our members, we can target land that meets their specific investment goals.
2. Comprehensive Assessment Process
Once a land project is identified, Kewisco takes several steps to assess its ownership and viability:
Site Visit by the Investment Committee: Our Investment Committee conducts a site visit to evaluate the land’s location, accessibility, and overall status. This firsthand assessment is crucial for understanding the potential of the land.
Official Search at the Local Land Registry: We perform an official search at the local Land Registry to confirm ownership and check for any encumbrances or legal issues associated with the land. This step is vital to ensure that we’re acquiring a clear title.
3. Negotiation and Pricing
After the assessment, we enter into negotiations with the landowner:
Negotiation of Price: The Management Board engages in discussions with the landowner to negotiate a fair price for the land. Our goal is to ensure that both parties reach a mutually beneficial agreement.
Determination of Selling Price: Once a price is agreed upon, the Management Board determines the selling price for our members. This pricing is reflective of market conditions and ensures that our members receive value for their investment.
4. Legal Formalities
Once the pricing is settled, we move into the legal phase:
Drawing and Signing of Purchase Agreement: A purchase agreement is drafted, outlining the terms and conditions of the sale. Both parties sign this agreement to formalize the transaction, protecting the interests of all involved.
5. Publicizing Land Sale
Finally, we ensure that the opportunity is available to as many interested buyers as possible:
Publicizing Land Sale to Members and Non-Members: Once the purchase agreement is signed, we publicize the land sale to both our members and the wider community. This transparency allows for a fair and open sale process, encouraging participation from all interested parties.
Kewisco Housing Sacco’s structured approach to land projects ensures that our members can invest with confidence. From the initial identification of land to the final sale, we prioritize thorough assessment and transparency, making the land buying process as seamless as possible.
Are you interested in exploring land investment opportunities with Kewisco Housing Sacco? Contact us today to learn more about our current and upcoming land projects, and let us help you make informed investment decisions!
