Step 1: Research and Planning

1. Understand the Market: Learn about The Gambia’s real estate market, property values, and economic conditions.

2. Set a Budget: Determine your budget, including additional costs like legal fees, taxes, and potential renovations.

Step 2: Identify Desired Property

1. Choose Location: Decide on the location based on factors such as proximity to amenities, safety, and future development potential.

2. Property Type: Determine the type of property you want (residential, commercial, land).

Step 3: Hire Professionals

1. Real Estate Agent: Find a reputable local real estate agent with experience in the area.

2. Legal Advisor: Hire a Gambian lawyer specializing in real estate to guide you through the legal process.

Step 4: Property Search and Viewing

1. Property Listings: Search for properties through real estate websites, agents, and local listings.

2. Site Visits: Schedule visits to shortlisted properties to inspect them personally.

Step 5: Due Diligence

1. Title Search: Ensure the property has a clear title. Your lawyer should check for any encumbrances or disputes.

2. Verify Ownership: Confirm the seller’s ownership and right to sell the property.

3. Check Zoning Laws: Verify the property complies with local zoning laws and regulations.

Step 6: Negotiation and Offer

1. Price Negotiation: Negotiate the price with the seller through your agent.

2. Make an Offer: Submit a formal offer once a price is agreed upon.

Step 7: Sales Agreement

1. Draft Agreement: Have your lawyer draft a sales agreement outlining the terms and conditions.

2. Review and Sign: Carefully review the agreement and sign once all parties are satisfied.

Step 8: Payment and Documentation

1. Deposit: Pay a deposit as stipulated in the sales agreement.

2. Full Payment: Arrange for the full payment as per the agreed timeline.

3. Obtain Receipts: Ensure all payments are documented with receipts.

Step 9: Registration and Transfer of Title

1. Deed of Assignment: Your lawyer should prepare and register the Deed of Assignment with the Lands Registry.

2. Stamp Duty: Pay the necessary stamp duty for the property transfer.

3. Title Transfer: Complete the transfer of title into your name.

Step 10: Final Steps 1. Utility Connections: Arrange for the connection of utilities (electricity, water, etc.).

2. Move-In or Develop: Move into your new property or begin development if it’s a land purchase.

Tips for Safe Property Purchase

• Verify Legitimacy: Always verify the legitimacy of agents, lawyers, and sellers.

• Avoid Cash Transactions: Use bank transfers or other traceable methods for payments.

• Seek Local Advice: Consult locals or expatriates who have bought property in The Gambia for insights and advice.

• Stay Informed: Keep up-to-date with local property laws and any changes in regulations. By following these steps and working with trustworthy professionals, you can navigate the process of buying property in The Gambia safely and securely.