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FAQs
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1. What is Valuation
Valuation is the process of determining value of a property (either movable or unmovable) by a registered Valuer.
2. How do I confirm the Valuer is registered
In Kenya, Valuers are registered and licensed by the Valuers Registration Board(VRB). A list of registered Valuers can be accessed on the VRB website
vrb.or.ke
.
3. What are the charges for a valuation service
Various valuations attract different Scale of fees
valuation scale
. Generally, for a normal house valuation the charges are;
1st 5M at
1%
Residue at
0.25%
4. What is Property Management
Property management can be taken to mean the care given to a property by a licesnced real estate agent. It involves the onboarding of tenants, rent collection, managing tnant exits, repairs and maintenance of the buildings, facilities management, and payment of statutory dues amongst others.
5. What is Property Agency
This is the buying and selling of properties by a registered and practicing estate agent.
The charges are guided by law (link to the estate agent fees)
6. What is Due Diligence
- This is the process of investigating the legality, commercial soundness and financial viability of a given real estate project. It is mostly done before the purchase of a property by a Valuer, Estate Agent, licensed Surveyor, and a Lawyer.
7. What is a Feasibility Study
This is the process of researching on the viability of a project before it commences.
8. What is Real Estate Market Research
This is the process of interviewing the analyzing the patterns in the market so as to inform a real estate decision.
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