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Fostering Trust and Transparency in Ghana’s Real Estate Market

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In the complex tapestry of Ghana’s real estate market, one crucial element has emerged that underscores trust and transparency: the consistent use of appraised property values in transactions. This practice is instrumental in establishing an open, transparent market and promotes trust among market players.

Property appraisals form an integral part of any real estate transaction. Carried out by trained professionals, these evaluations offer an objective estimation of a property’s worth, reducing subjectivity and promoting fairness in the market. The valuation process isn’t simply a mathematical formula, but rather a meticulous assessment that factors in a host of elements such as the physical condition of the property, its geographic location, prevailing market trends, and comparable prices in the neighbourhood.

The importance of property appraisal cannot be overstated, especially when dealing with older buildings. For such structures, their worth is often dictated by more than mere size or the land they occupy. Factors like the building’s physical state, any potential renovation costs, and even the property’s historical significance can significantly affect its value. The term ‘appraised value’ serves as a badge of credibility, signaling to potential buyers that all these considerations have been taken into account.

In Ghana’s vibrant real estate sector, sellers routinely quote the appraised values of their properties, a practice that fosters informed decision-making among buyers. For sellers, it serves as a tool to back their asking price with solid, unbiased data, ensuring they secure a fair deal.

Transparency and trust, the twin pillars of this approach, aren’t merely desirable traits but essential elements to maintain the integrity of the property market. They allow for a level playing field, encouraging fair competition and protecting the interests of both buyers and sellers.

Let’s remember that our market’s strength lies in its trustworthiness and transparency. By consistently upholding these values, we can ensure the continued growth of Ghana’s property market in a fair and beneficial manner for all stakeholders. It’s not just about maintaining good practices; it’s about preserving the soul of our property market and its ability to deliver mutually beneficial transactions for all involved.

Harnessing AI to Transform Land Management and Real Estate in Ghana

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At Azunus Realty, we are embracing the power of Artificial Intelligence (AI) to revolutionize various aspects of the land sector in Ghana. We believe that AI can bring about significant transformation in land use planning, real estate, climate change mitigation, and land tenure systems.

AI and Land Use Planning:

AI has the potential to significantly enhance land use planning. Machine learning algorithms applied to satellite imagery can monitor land use patterns, track urban growth, and even identify illegal activities like unauthorized mining or deforestation. At Azunus Realty, we are investing in these technologies to provide more accurate and efficient land use planning services. We are developing AI models that can analyze satellite imagery to identify changes in land use over time, predict future land use patterns, and inform planning decisions. This will allow us to provide our clients with data-driven insights and recommendations for land use.

AI and Real Estate:

In the real estate sector, AI can streamline processes, improve customer service, and enhance decision-making. For instance, AI can automate property valuation, predict market trends, and personalize property recommendations for clients based on their preferences and behavior. At Azunus Realty, we are leveraging AI to provide our clients with a more efficient and personalized real estate experience. We are using AI algorithms to analyze property data and market trends to provide accurate property valuations. We are also using AI to analyze our clients’ preferences and behavior to provide personalized property recommendations.

AI and Climate Change:

AI can also play a crucial role in climate change mitigation. By analyzing large datasets, AI can help predict climate patterns, identify areas at risk of environmental degradation, and inform sustainable land management practices. At Azunus Realty, we are committed to using AI to promote sustainable land use and contribute to climate change mitigation efforts. We are developing AI models that can analyze climate data to predict climate patterns and identify areas at risk of environmental degradation. This will allow us to advise our clients on sustainable land management practices and contribute to climate change mitigation efforts.

AI and Land Tenure:

Ghana’s land tenure system, characterized by the coexistence of customary and statutory land tenure systems, presents unique challenges. However, we see the advent of AI as an opportunity to revolutionize this system. Machine learning algorithms can automate the review of land registration applications, swiftly identifying inconsistencies and flagging questionable transactions. This can help streamline land registration and documentation processes, reduce disputes, and promote transparency and fairness in land ownership. At Azunus Realty, we are using AI to automate the review of land registration applications. Our AI models can analyze application data to identify inconsistencies and flag questionable transactions. This will allow us to streamline the land registration process, reduce disputes, and promote transparency and fairness in land ownership.

While the implementation of AI in land governance promises numerous benefits, it also presents challenges. These include the need for substantial resources and policies ensuring the ethical use of these technologies to safeguard privacy rights and prevent exacerbating existing inequalities. However, the government’s Digital Transformation Strategy signals readiness to leverage digital technologies, including AI, to transform public service delivery.

At Azunus Realty, we are committed to navigating these challenges and seizing the opportunities that AI presents. As we navigate the complex landscape of Ghana’s unique land tenure system, we believe that the careful and ethical application of AI can light the path toward a more streamlined and equitable future. We are excited to be part of this journey towards revolutionizing the land sector for a prosperous Ghana.

Unlock Your Career in Real Estate: Remote Internship Opportunities at Azunus Realty Consult

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In the professional world, internships are often the first step towards a successful career. They provide a unique opportunity to bridge the gap between academic learning and practical experience, offering a firsthand glimpse into the industry of your choice. For those of you with a keen interest in the dynamic world of real estate, Azunus Realty Consult has some exciting news.

Azunus Realty Consult, a trusted name in the Ghanaian real estate sector, is currently offering remote internship opportunities. This is a non-paid program designed to provide students with practical experience in real estate, all from the comfort of their homes.

Our diverse team of experienced real estate agents, property valuers, architects, constructors, and researchers is ready to share their wealth of knowledge and expertise. As an intern, you’ll have the opportunity to learn from these industry veterans, gaining invaluable insights and experience that go beyond the classroom.

One of the unique aspects of this internship is the exposure you’ll get to a vast array of properties. With access to over 1,000 properties from trusted real estate developers across Ghana, you’ll gain a comprehensive understanding of the market. Our certified agents will be your mentors, providing guidance and support as you navigate through this exciting industry.

If you’re ready to take the next step towards your career in real estate, we encourage you to apply. Please send your motivational letter and CV to info@azunusrealty.com. For more details about the internship and the application process, feel free to visit our website or get in touch with us directly.

This remote internship at Azunus Realty Consult could be the stepping stone you need to launch your career in real estate. Don’t let this opportunity pass you by. Apply today and embark on your journey in the fascinating world of real estate from the comfort of your home.

Using the Comparable Sales Method for Property Valuations

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The comparable sales method is a common way of valuing real estate properties. It involves comparing the subject property to similar properties that have recently been sold in the same area, and using the sale prices of these properties as a reference to estimate the value of the subject property.

To use the comparable sales method effectively, it’s important to find properties that are as similar as possible to the subject property in terms of location, size, condition, and other relevant factors. The more similar the properties are, the more accurate the valuation will likely be.

To gather information on the comparable properties, you’ll need to find out their sale prices and any relevant details about the sales, such as the terms of the sale, any concessions or credits that were given, and any other factors that may have affected the sale price. This information can usually be obtained from public records or real estate databases.

Once you have this information, you can begin to estimate the value of the subject property by comparing it to the comparable properties. You may need to make adjustments to the sale prices of the comparable properties to account for any differences between them and the subject property. For example, if the comparable properties are larger or in better condition than the subject property, you may need to reduce their sale prices to account for these differences.

The comparable sales method is a useful tool for valuing real estate properties, but it does have some limitations. One potential limitation is that it is only as accurate as the comparable properties that are used. If the comparable properties are not truly similar to the subject property, the valuation may not be accurate.

Another limitation of the comparable sales method is that it is based on past sales, which may not necessarily reflect current market conditions. If the real estate market has changed significantly since the comparable properties were sold, the valuation may not be accurate.

Despite these limitations, the comparable sales method is widely used by real estate professionals and is generally considered to be a reliable approach to valuing properties. By using the comparable sales method, homeowners and investors can get a good idea of the value of a property based on the sale prices of similar properties in the same area.

 

Understanding Property Value Types

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Property valuation is an important process that involves determining the worth of a piece of real estate. There are several different types of property values that can be used to determine the value of a property, including market value, assessed value, and insured value.

Market value

Market value is the most commonly used type of property value. It refers to the price that a property would likely sell for in the open market, given its condition, location, and other relevant factors. Market value is typically determined using the cost method or comparable sales method, which involves comparing the subject property to similar properties that have recently sold in the same area. For example, if a similar property in the same neighborhood recently sold for $500,000, it could be used as a benchmark to estimate the market value of the subject property.

Assessed value

Assessed value is the value of a property that is used for tax purposes. It is typically determined by local governments, and is used to calculate property taxes. Assessed value is often lower than market value, as it is based on the value of the property for tax purposes rather than its potential selling price. For example, a property with a market value of $500,000 may have an assessed value of $350,000 for tax purposes.

Insured value

is the value of a property that is used to determine the amount of insurance coverage that is needed. It is typically based on the cost to rebuild or replace the property, and takes into account factors such as the age and condition of the property, as well as any improvements that have been made. For example, a property with an insured value of $300,000 may need $300,000 in insurance coverage to cover the cost of rebuilding or replacing it in the event of a disaster.

It’s important to understand the different types of property values, as they can be used for different purposes and can vary significantly. Accurate property valuations are important for a variety of purposes, including tax planning, mortgage lending, and insurance coverage.

Property values can change over time due to a variety of factors, including changes in the local real estate market, improvements to the property, and shifts in the local economy. Homeowners and property investors should keep this in mind when determining the value of their property, and should be prepared to reassess the value of their property as needed. To accurately determine the value of a property, homeowners and investors can consult with a professional appraiser or real estate agent, or use online tools and resources to help estimate the value of the property.

In conclusion, understanding the different types of property values is essential for accurately determining the worth of a piece of real estate. Market value, assessed value, and insured value are all important factors to consider when valuing a property, and can be used for different purposes depending on the context. By understanding these values and how they are determined, homeowners and property investors can make informed decisions about their property and its worth.

 

 

Find Your Dream Home: Your purchasing journey starts here

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Big white house with patio and big garden

When most people start their home-buying journey, they usually start by listing common necessities: school district, commute time, and the type of neighbourhood they are looking for. However, what yardsticks you use to guide your search is important. Depending on how effectively you pick the yardsticks to use to guide your search, you may find the appropriate property or the wrong one.

Homebuyers should first start by considering the type of property they are looking for. This includes the number of bedrooms, bathrooms, and whether they would prefer a house or condo. However, how can this be accomplished? Here is a simple guide to help you get started on your next search!

 

1. Start with a plan, don’t leave it to chance

It’s important to create a realistic plan before you even start thinking about purchasing or renting a home. Place possible price limits, decide on the area of town where you want to live, and evaluate how much you can afford. You should also weigh the pros and cons of buying vs renting. This will lead you to your likes and dislikes of owning property. Your budget will help determine what kinds of homes are available to you based on how much money you want to spend per month or year. How long you plan on staying in the home is also an important factor because some mortgages require a 20-25% down payment while others only require 3%.

 

2. Get prequalified for a mortgage before you start buying anything!

You should also think about mortgage options depending on your yearly income and the type of house you want. It’s very difficult to buy a home if you don’t have the financial resources to qualify for a mortgage. A prequalified mortgage means that your lender has looked at your finances and determined that you likely won’t be paying more than the total cost of the home in the near future. Lenders have different qualifications that they will want from you.

Many first-time homebuyers have to deal with the dilemma of saving enough money for a down payment on a house. Different lenders will require anything from 0.5% of the total purchase price to 30%. How much you are able to contribute can depend on many factors, including your job stability, income level, household size, credit score, debt-to-income ratio, and previous financial commitments.

 

3. What are some things to consider when searching for a home?

The first thing you should consider are factors that are important to you. You may want better schools for your children, more space, fewer neighbours, or be able to view the city lights. Before looking at homes do research about each neighbourhood. Once you narrow it down, the real estate agents will show you different listings in your price range. The most important considerations are the location, and how long you plan to stay in the home. Location is very important because it will determine commuting distance, commute time, and crime rates if applicable.

 

4. How do you find a realtor?

Whether you are house hunting, looking to sell your current property, or if you want to develop a rental strategy for your holdings, find a realtor that suits these needs and is flexible with price and locations. We all know how difficult the job market is. So, if you are in the process of putting your home on the market or are looking to buy a new one, it is wise to know how to find a real estate agent who can represent you. With so many qualified candidates out there, narrowing down who you want will take some time. However, this blog is here to help! We have answers about how you can speed up your search. Ask around with family and friends and see who has good feedback and knowledge. A personal touch, advice you can trust, and convenience are just some of the benefits when working with a realtor.

 

5. Where do you start your search?

There are plenty of real estate websites out there that offer a variety of options for you to browse through. Regardless of where you start your search, it is important to always use all the resources that are available for you. Using multiple resources increases your chances of arriving at the best deals out there!

 

6. Go ahead and tour the property… but watch out for these signs too!

  • It doesn’t smell good: If you smell mould, sewage or methane gas during your walk-through, it might not be a landlord or homeowner issue – it could be an indication of structural problems such as water intrusion and rotted framing.
  • It smells bad: Musty odours can also indicate future issues, mostly due to ineffective ventilation and/or water problems.
  • There are animals present: Animals can introduce allergens for people with pet allergies and there’s a chance that they’re in collusion with a vermin infestation in your new home!

 

Conclusion

By now, you’ve probably narrowed your choices to a few different homes and now it’s time to make your decision! Figure out what compromise is best for you. Given all of the features and benefits, can you make an even more informed decision?

The Impact of Covid-19 (Corona Virus) on the Real Estate Industry

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The world as of today is experiencing swift instability in economic growth due to the outbreak of COVID-19 (coronavirus) which originated from China. The rapid spread of the virus across the world has raised questions among nations, analysts and economists alike; the question, what are the effects of this pandemic globally in areas such as health, businesses, industries, governments, investments among others.

The continuous spread of the virus has called for shutdowns of all to major economic activities, factories in countries including China the world’s largest manufacturer and exporter. Disturbing as it is, the shutdowns that started with China affected several countries’ day-to-day activities because of intercontinental trades that tie these countries together. The measures taken to contain the spread has affected many industries, the real estate industry inclusive. However, the impact of the virus varies by segments of the market and the period of shutdowns. There is no telling how much impact the real estate industry will face due to uncertainty in lifting off shutdowns, quarantines, layoffs, and curfews.

The section of the industry that has felt much of the shutdowns is hotels, lodges, conference centers, restaurants, casinos (particularly in tourist areas and travel checkpoints), then to retails, luxury and residential homes. While supplies for new developments to meet previous demand on housing are being interrupted as workers, businesses, supply companies stay home, demand for real estate in connection with tourism and travels (hotels, town halls, conference centers, etc.) are relatively low. Not only do developers feel the drawback on the supply of materials but also on-demand from homebuyers. These forces coupled with other factors from various industries will drive the global economy into a downturn.

What does this mean for Realtors and Buyers?

For the time being, realtors are becoming innovative about their businesses. Instead of moving about and showing homes on the market to buyers, they are launching digital home touring to keep the market active so to say. The pandemic will affect household income due to the shutdown of economic activities. Buyers’ decision to buy a home now will be influenced by a constant flow of income regardless. While this may be the case, there will be different groups of buyers, those with secured jobs and income may still want to buy while those whose income is affected by the spread of the virus may be unable to.

What do those looking to sell do?

It is important for sellers to understand the turbulence in the global economy and industries due to the pandemic, and how this could affect the price of their homes. Although some sellers will sell because of reasons known to them, others will not but wait, as profits may decline. This is not to say that conditions are the same and turnovers for sellers may decline in every region. No, there is a varying degree to the situation and it is only based on factors in each region that one can decide to sell or not to sell.

How will investors react to the situation?

There is no one way how things will turn out for investors from different regions and sectors of the market. For some sections of the market, it may be time for investors to buy if the price falls. However, one must understand that there is no certainty about how economic activities will turn out, as well as their investments as this is tremendously dependent on the length of time it takes to contain the virus and how quickly the economy stabilizes.

The mortgage institutions and their response to the contagion.

Following the impact of the virus on the financial market, the decline in interest rates has affected the mortgage institution as well. The outbreak of the virus will make it difficult for the mortgage institution to take action on evicting occupiers who defaulted on their mortgage. Meanwhile, the volatility in the market will cause new applications for a mortgage to slow down or be canceled to avoid risk.

By far, the 2020 economy will be hard due to the coronavirus outbreak. It is however clear that the economy is undergoing recession and to recover from it will depend on how the spread is contained, how quickly governments, financial institutions, companies, and industries work at stabilizing the economy.

Job Opening 2018: Administrative Assistant

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Administrative Assistant
We are recruiting!
Azunus Realty Consult is looking for a Personnel to work with.
Job Title: Administrative Assistant
Qualification:
• Higher National Diploma (HND)
• Completed National Service
• Female
Job Requirement:
• With 1-2 years’ experience
• Knowledgeable in basic accounting
• Computer literate
• Must be able to market houses for rent or sale
• Ability lobby for contracts
• Smart and have the ability to work without supervision
• Graphic Designing is an added advantage
Interested Persons should send their application and CV to Hr@azunusrealty.com
Only shortlisted applicants will be contacted.
Deadline: Wednesday, 28th September 2018

Real Estate Investing Advice 2018

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Real estate can be the ultimate nest egg (pictured: Dana Bull). Courtesy of Dana Bull
  • Dana Bull is a realtor and real estate investor based in Massachusetts.
  • She became a landlord in her early 20s when she bought a condo and rented it out for extra income; she now owns more than a dozen rentals.
  • Investing in real estate is like building a business: It takes patience and hard work.

At 22 years old, I accidentally started a business when I persuaded my boyfriend that we should buy a condo together. Little did I know, the small purchase would jump-start an entire real-estate career.

Throughout our 20s, we went on to acquire a couple of dozen rentals in the Boston area. Along the way, we tied the knot, making our living arrangements and real-estate initiatives much less taboo — a major source of relief for our parents. But, that’s a story for another day.

Let’s not sugarcoat it. For me, it was really tough in the beginning (the housing stuff, not the marriage). I specifically remember spending not one but two Valentine’s days cleaning up after a sewer backup.

In those early years, I had to keep my eyes on the prize to stay motivated. Investing in real estate is a worthwhile endeavor if you play your cards right. Here’s why:

  • Cash flow: Rental properties are highly desirable for their ability to generate positive cash flow. This means after your mortgage and other housing-related expenses are paid off, you have extra profit. Lots of people are even turning their primary residence into an income-producing asset by renting out a bedroom or extra space.
  • Appreciation: While not always, generally speaking housing values tend to appreciate over time. That means the longer you own a property, the more it should be worth. This is why many people refer to a home or a piece of real estate as the ultimate nest egg.
  • Leverage: A lesser-known advantage of owning real estate is using the property as leverage. By consistently paying down the mortgage you have the opportunity to tap the equity you have built up. Talk about the ultimate rainy-day fund! If you own multiple buildings or buildings with several units under one roof, you have the option to cash out at any time.
  • Tax advantages: Landlords have a few tax advantages over regular homeowners. They get to deduct items such as interest, insurance, maintenance, and even depreciation over time as business write-offs. Plus, when an investor sells a property and exercises a 1031 exchange to reinvest the proceeds into a new property, the person can defer all capital-gains taxes.

What I love about real estate is that you can build your own strategy. My bread and butter has been purchasing small multifamilies with two to four units per building. This is a great entry-level strategy, especially for those looking to live in one apartment while renting out the rest to offset a mortgage. I’ve mentored countless buyers on this approach, as it’s a logical avenue when getting started.

There are many ways to build your portfolio, however, from buying vacation homes, to commercial space, or land. Other possibilities include teaming up with partners and going in together on a big complex. If you are looking for something more passive, Real Estate Investing Trusts tend to produce similar returns to stocks in the long term.

The lure of owning real estate is pretty compelling. The goal for most is to achieve passive income from rentals. Of course, the Holy Grail is reaching financial freedom — meaning you can maintain your desired lifestyle through that income alone.

So, why isn’t everyone investing in real estate?
As I alluded to earlier, investing in real estate is building a business. Ask anyone you know who has ever tried to launch a company, open a restaurant or even start an Etsy shop … it’s not easy! What is easy is underestimating what’s involved.

The honest truth is that anyone can do it. But, you have to be willing to accept these three facts:

1. Getting started is really hard

To be an investor in real estate you need time or money, ideally both. I’m sorry, but there’s no two ways around that — it’s just common sense. If you don’t have time, then you will have to outsource many of the tasks, which will chew into your profits. If you don’t have money, then you will sink a lot of time into putting together deals with someone else’s financial backing.

Time and money are hot commodities. You can’t just snap your fingers and own a home, never mind an entire building. You have to research, analyze, and go through the process to make the acquisition. This is the stage where most people give up. They realize it takes up too many resources in their day-to-day life to make it happen.

2. Scaling is even harder

It doesn’t get easier once you actually own the property. As with any business, you will face challenges, namely, How can you grow given your constraints? These limitations almost always boil down to, you guessed it, time and money. Do you have time to handle maintenance requests? Do you have the money to hire a property manager? There is no easy answer.

As you scale, there are countless situations to work through. The highs can be very high and the lows very low. One month all your tenants pay on time, and the next you’re at eviction court. The lows are stressful and can make any business owner second-guess whether it’s worth it.

3. Waiting is the hardest

Remember that story the tortoise and the hare? Slow and steady wins the race. It can take a while to reach your end goal, and getting there may not be a straight line. You could have big, short-term wins (or losses!). While not the norm, some of my clients have cleared $100,000-plus through savvy buying and selling in a short time frame.

Part of this is luck and part of this is strategy. Realistically, building a reliable and repeatable business model that will support you for the long haul is not created overnight and requires you to hang on to your real estate.

Is it all worth it? I think so! Building anything worthwhile requires hard work. If you are interested in real estate, and willing and able to commit, it could be the right business for you.

How to Acquire and Register a Land in Ghana

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How to Acquire and Register a Land in Ghana

Acquiring lands in Ghana is something that involves a lot. Without experience, therefore, one is likely to get into several problems. Many people who have bought lands without any experience have either lost it or have had to fight for it in court.  Since we would always need lands for agricultural or building or leasing purposes, it is necessary to find out the right way of acquiring and registering lands in Ghana.

Before we delve into the process and procedures for purchasing land in Ghana, let us update ourselves with the various forms of interest that exist over land and persons they are vested in.

Land Ownership in Ghana

    1. STOOL/ SKIN LANDS: These are lands under the custodianship of various chiefs
    2. INDIVIDUAL/PRIVATE LANDS: These are lands owned by individuals and private entities.
    3. FAMILY LANDS: These are lands managed by Heads of families assisted by principal members of the families.
    4. STATE AND STOOL VESTED LANDS: These are lands managed by the Lands Commission

Types of Interest in Land

A Legal interest in a land refers to the legally enforceable right to possess or use property.  When acquiring a land, it is necessary to find out the period within which you can use it to avoid future problems. These are some types of land interests:

The Allodial Title

The allodial title is the highest title in land recognized by law. Only traditional leaders, families or the Ghanaian government can hold such a title. It has an absolute interest meaning it does not expire.

Freehold Title

There are two forms of freehold title interest:

  • Customary freehold: This is an interest that individuals or groups hold in a land, which is owned by a larger traditional community – the allodial owner –  of which the interest holders are members or subjects. It is an interest that is transferrable to successors of the individual or subgroups until there are no successors.
  • Common law freehold – Common law freehold is similar to the customary freehold. The difference, however, is that this interest can be acquired by both strangers and members of the community that owns the land. A stranger in this regard refers to a Ghanaian who is not a member of the land-owning community. It is important to note that the 1992 Constitution by article 267 (5) forbids the creation of freehold interests in stool land in Ghana.

Leasehold

A leasehold/lease is an interest in land that has a specified start and end for a period, subject to payment of annual ground rents and covenants. It usually expires from 50 to 99 years.

Tenancy

They are created under contractual, share-cropping or other customary tenancy arrangements. Two very common tenancies in the Akan areas are “Abunu” where the land is acquired from the owner and “Abusa” or “do ma yenkye”, where farm proceeds are divided into two- thirds between the farmer and the landowner. Other areas have different names for these arrangements in the local dialects.

Licensing

Someone may acquire a land but not acquire it absolutely. A licence to operate is usually given to him/her temporally. These include lands near highways etc. Since we know there would be future developments in such areas, those lands are not sold absolutely, a license is given out for temporal use. This means that one does not have to put up a well-structured building on it. They usually last for three or five years.

Acquisition of Land

To acquire the land, it would be necessary to determine what you are going to use the land for be it for residential or commercial properties or agricultural purposes or recreational purposes. This would help determine the kind of land to acquire. You can acquire land through the following:

CHIEFS: This is predominant in the Ashanti Region. You acquire the land from the chief and he gives you an acquisition note and the site plan (Plan of the land you are acquiring.)

INDIVIDUALS: Here, you acquire the land from a private individual who may have acquired the land from someone else or from a chief. One must be very careful when purchasing from individuals. It would be necessary to research on the land to see if it really belongs to the person. Also, you need to know if it has not been sold to anyone else or if the land has not been taped for future national projects. Again, let the seller provide certified site plan demarcating the precise location of the land including its coordinates. It is necessary not to exchange money until you are assured of the land and have negotiated sales term.

FAMILY HEADS: Here, you acquire the land from a family head.

COURT: Here, you acquire the land from the court through auctions.

 

Registration of Land (How to Register a Land in Ghana)

STOOL/ SKIN LANDS-Registration procedures

  1. Applicant/developer negotiates with the chief concerned for the land.
  2. Three copies of the document executed between the chief and the applicant to be submitted to Lands commission
  3. A solicitor of the supreme court (i.e. a practising lawyer) must sign the back of each copy with his stamp duly affixed.
  4. Each copy of the document must have a site plan attached. Two extra site plans, making five (5) in all must accompany the documents.
  5. The back of the site plans are to be endorsed by both the chief (lessor)/seller and the applicant (lessee)/buyer.
  6. Each site plan is to be certified by the stamps of a licensed surveyor and the Regional surveyor and duly dated.
  7. At least two principal Elders of the stool (with status) must sign as witnesses.
  8. The witnesses of the applicant (lessee)/buyer must write full names, provide addresses and signature.
  9. Documents must be submitted to lands commission.
  10. Processing and registration fees should be paid.
  11. Chairman of Lands commission grants concurrence.
  12. Documents are released for stamping at land valuation Board.
  13. Applicant obtains a Tax Clearance Certificate at Internal Revenue Service.
  14. The document is registered at Deeds Registry at Lands commission.
  15. The applicant pays first year’s ground rent
  16. Original copy of the document is released to the applicant.

 

INDIVIDUAL / PRIVATE LANDS-Registration procedures

  1. Applicant/developer negotiates with the actual owner concerned for the land.
  2. Three copies of the document executed between the actual owner and the applicant to be submitted to Lands commission
  3. A solicitor of the supreme court (i.e. a practising lawyer) must sign the back of each copy with his stamp duly affixed.
  4. Each copy of the document must have a site plan attached. Two extra site plans, making five (5) in all must accompany the documents.
  5. The back of the site plans are to be endorsed by both the actual owner (lessor) /seller and the applicant (lessee)/buyer.
  6. Each site plan is to be certified by the stamps of a licensed surveyor and the Regional surveyor and duly dated.
  7. At least two principal Elders of the stool (with status) must sign as witnesses.
  8. The witnesses of the applicant (lessee)/buyer must write full names, provide addresses and signature.
  9. Documents must be submitted to lands commission.
  10. Processing and registration fees paid.
  11. Documents processed at Lands commission.
  12. Documents released for stamping at land valuation Board.
  13. Applicant obtains Tax Clearance Certificate at Internal Revenue Service.
  14. Document registered at Deeds Registry at Lands commission.
  15. Original copy released to Applicant.

FAMILY LANDS-Registration procedures

  1. Applicant/developer negotiates with the family Head and principal members of the family concerned for the land.
  2. Three copies of the document executed between the family Head and principal members of the family and the applicant to be submitted to Lands commission
  3. A solicitor of the supreme court (i.e. a practicing lawyer) must sign the back of each copy with his stamp duly affixed.
  4. Each copy of the document must have a site plan attached. Two extra site plans, making five (5) in all must accompany the documents.
  5. The back of the site plans are to be endorsed by both the actual owner (lessor) /seller and the applicant (lessee)/buyer.
  6. Each site plan is to be certified by the stamps of a licensed surveyor and the Regional surveyor and duly dated.
  7. At least two principal Elders of the stool (with status) must sign as witnesses.
  8. The witnesses of the applicant (lessee)/buyer must write full names, provide addresses and signature.
  9. Documents submitted to lands commission.
  10. Processing and registration fees paid.
  11. Documents processed at Lands commission.
  12. Documents released for stamping at land valuation Board.
  13. Applicant obtains Tax Clearance Certificate at Internal Revenue Service.
  14. Document registered at Deeds Registry at Lands commission.
  15. Original copy released to Applicant.

LET’S HELP YOU REGISTER A LAND IN GHANA

As seen above, the process involved in successfully acquiring and registering a land is quite strenuous. Are you wondering how you can acquire and register a land without going through all the stress? Azunus Realty consult is at your service. We serve as an agent in acquiring and registering lands on your behalf.

In acquiring a land, it is necessary to get someone who is experienced and knowledgeable in the field to lead you. This is to avoid problems, loss of land after acquisition, court issues etc. Azunus Realty Consult brings on board many years of experience and expertise in acquiring and registering lands in Ghana.

You, therefore, need not go through the hustle of securing a land all by yourself only to lose it later. We do all the necessary work to make sure the land you desire is registered and available to you for your use without any hindrances.

Our online portal also helps you locate lands to acquire. You search for available lands at various locations and choose from among them. After making your choice, we take it from there. We give you the necessary information you need to know concerning acquiring and registering it. After your approval, we represent you, acquire the land and register it on your behalf.

Acquiring and registering lands in Ghana is made easy with Azunus Realty Consult. Contact us now!

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