The real estate industry in Kisumu is growing and becoming more dynamic. With many new estates coming up, more innovation in the building industry and more demand for housing, only the sky is the limit.
In such a growing industry, you expect there to be many real estate investors and sellers. And there are many real estate agents in Kisumu as well. This include realtors that are involved as agents in buying and selling of property, and house agents who are involved in managing property on behalf of the owner. And it is very important to have understanding of the general fees that are charged by estate agents in Kisumu before you engage any.
If you own rental property and you are looking to delegate management to an estate agent in Kisumu, then know that generally, agents will charge a fee being a percentage of gross rent collection. Generally, this could range from 5% to 10% depending on the value of the property. Estate agents in Kisumu charge less for high value property and higher for lower value houses, or houses that are more challenging to manage in one way or another.
The same applies to selling property: generally, estate agents in Kisumu will charge 10% of the sale value for property worth 1 million shillings and bellow. For property sales that are of a higher value, the commission charged will keep reducing towards 5% or even below.
Now you know and you can choose a more affordable or cheap estate agent in Kisumu for your real estate needs. At Kizazi Realtors, we take pride in being cheap estate agents in Kisumu. Welcome and thank you for reading.