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The laws of Ghana do not discriminate on who can own property in Ghana; Ghana welcomes foreigners' rights to buy and own property in Ghana. The Ghanaian law places restrictions only on the duration and type of interests a foreigner can have in the property. In Ghana, a Ghanaian can hold a lease for as long as he wants and a freehold interest in any land that does not constitute stool lands. Under the 1992 Constitution, foreigners cannot buy or hold leasehold interests exceeding fifty (50) years. Upon expiration of a lease, the term is renewed. For future generations not to lose access to the land when the lease expires, the owner of the land states in the transfer agreement that the lease is renewable. Generally speaking, any citizen or non-citizen with enough funds can invest in real estate and own houses in Ghana, subject to the limitations outlined above. This gives rights to foreigners to confidently buy and own property rights in Ghana.
Process we can help with
As a foreigner you can invest in Ghana’s Real estate industry; however, you must be thorough in your dealings. As a foreigner, it is crucial to discover who owns the land and whether it is mortgaged or owned outright. This information can be obtained by requesting a land search of the said land to be carried out by the Lands Commission of Ghana. First, request a certified copy of an indenture or cadastral plan for the land search from the seller. It provides pertinent technical parameters needed to facilitate a successful search. Information gathered from a search will include the location of the land, its size, topography, its type, who the rightful owner is, whether it is subject to a dispute or not, and whether residential uses are permitted. Land litigation accounts for about 80% of all cases in the Ghana high courts, so make sure to follow all due processes and get professional legal advice before you purchase any property. Keys to Sankofa works with a title/Escrow company to ensure a clear, legal transfer of property.
Selling Your Home - Why it Pays to Use a REALTOR®
Before selling your home, you will need a clear understanding of the legal issues and potential pitfalls. One wrong action could result in a lot of cost and frustration, which is why it is essential to have a REALTOR® working with you, as he or she will make the sale of your home a successful and satisfying experience.Greater exposure
REALTORS® use the Multiple Listing Service® (MLS®) to give your home maximum exposure. MLS® is a computer-based system that relays valuable information about your home to hundreds of REALTORS® and potential homebuyers.Setting a price
Setting a price for your home is an important but difficult process. Again, this is where the services of a REALTOR® prove invaluable. REALTORS® have the experience to help you understand how the market works and decide upon a realistic price that meets your goals. REALTORS® also pre-screen potential buyers to make sure only those who are serious and financially qualified view your home.
REALTORS® will also develop a marketing plan to help your property receive maximum exposure. This will likely include placing your home on the MLS® system and placing a "For Sale" sign on the front lawn. The plan will likely also include arranging open houses for other REALTORS® and potential buyers, and developing advertisements and feature sheets/mailers to market your home.
Once you have accepted an offer to buy your home, your REALTOR® will help ensure that all the proper paperwork is completed. He or she will also make sure that both parties meet the necessary conditions outlined in the agreement.Why working with a REALTOR® makes sense
When you work with a REALTOR® you will likely get a better price for your home than if you try to sell it yourself. Apart from the financial benefits, however, there is an extra measure of comfort and security that comes from having a REALTOR® on your side. Remember that REALTORS® are governed by a code of ethics and standards of business practice. They have also been trained and licensed under the provincial Real Estate Services Act to assist in transactions involving real property. When it comes to buying or selling property, using a REALTOR® just makes sense.
Source: Victoria Real Estate Board 2015
About The Founder Cameron Kyser