FAQ
FAQ
Frequently Asked Questions
Am I Ready to Be a Homeowner?
Buying a house is a big decision, and it’s important to make sure you’re financially and emotionally prepared.
If you have a stable income, a down payment saved, manageable debt, a commitment to staying in one place, and an emergency fund in place, these are strong indicators that you’re ready to take the next step toward homeownership.
When all signs point in the right direction, buying a house can be a rewarding investment in both your financial future and your quality of life
Is Renting or Buying Better?
Buying has almost always been favored over renting when it comes to housing. For some, renting is considered “throwing money away” while buying is an “investment.” The truth is, the answer to the rent-versus-buy question is much more nuanced than this “one size fits all” approach. It’s more like “which size fits me?” You’ll need to evaluate interest rates, what type of mortgage you can qualify for, and more.
Obviously, cost is not the only consideration. Lifestyle, age, work situation, desired location, and readiness to settle down for the long haul are all factors that must also be evaluated when choosing a place to live.
And there’s the general state of the economy to consider. Inflation impacts the cost of rent as well as interest rates when taking out a mortgage, sometimes one more than the other. A closer look at the renting vs. buying question reveals just how complicated this decision can be
What Is the Lender's Formula?
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What Is Pre-approval?
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Can I Ask You for Advice?
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What Do I Look for in Homes?
- Location
The location of the home is usually the most important factor. You can look for an area with good schools, hospitals, transportation, water, and electricity, as well as security.
- Size and layout
Consider how many bedrooms and bathrooms you need, as well as the overall living space. You can also think about the functionality of the layout, storage options, parking, and any additional spaces.
- Safety
You can consider things like whether the house is next to a pub, and if it has an electric fence or security alarm system.
- Financial situation
You can evaluate your financial situation to make sure you can afford the property, including the purchase price, transfer and registration fees, valuation costs, and legal fees. If you’re financing the purchase, you’ll need to make a down payment.
- Legal ownership
You can do due diligence to make sure the property is legally acquired and the seller is legitimate. You can look up the owner through the eCitizen platform for a fee of Kshs 500.
What Should I Expect at Closing?
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Am I Ready to Rent?
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What Should I Offer?
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Let's Find Together The Place You Deserve
Savi Plc is a pillar you need in investment. Our properties are suitable for immediate residential settlement, commercial purposes, or futuristic capital gain