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kondorong
Gambia
4380 Posts |
 Posted - 25 Jun 2007 : 17:39:49
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quote:
Originally posted by Ramou
Well Toubab1020,
5. Capital Gains Tax (15%)
6. Attorney fee (negotiable)
7. Your time, priceless!
Thanks!
Ramou
Ramou your line above is very funny. Are you working for Master Card company or atleast watched their commercials? |
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Ramou
90 Posts |
Posted - 26 Jun 2007 : 02:08:21
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Kondorong (men, I hate to address a fellow human being as such, but, anyways.....),
No, I do not work for Mastercard, but have seen their commercials on TV for many years now. I tried to put a Dalasi figure on all the variables but couldn't figure out one for the last and perhaps "the most important one" - your time and patience. Then all of a sudden I remembered the Mastercard ads. And it fits quite well in this case as a lot of your time (at the expense of real holidaying etc.) is needed to chase after a number of folks to complete your paperwork.
I am a big fan of TV ads. However, a lot of them, these days, are so funny that you tend to forget about what they are trying to sell you. My favorite these days are the Geico Cavemen...they are quite hilarious; especially the episode with the therapist
Thanks!
Ramou |
Edited by - Ramou on 26 Jun 2007 02:09:11 |
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kondorong
Gambia
4380 Posts |
Posted - 26 Jun 2007 : 02:16:48
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I like the therapist commercial too. Infact there will be a series on the caveman in the summer. I cant wait to get the tapes.
I like the sentence when the cave man responded
" How about if the commercial said, Geico.com is so easy that even a therapist cand do it" (cave man)
"Well that will not make sense"(Therapist)
".. What..because therapists are smart.."(Cave Man)
Good night |
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Ramou
90 Posts |
Posted - 26 Jun 2007 : 02:32:43
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Yes, I did hear about the cavemen pilot sitcom (to be aired on ABC)...I hope they make it to prime time. Night night.
Thanks!
Ramou |
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inez
279 Posts |
Posted - 26 Jun 2007 : 14:58:44
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quote:
The current rate is 15%...it has been so for as long as I can remember. By the way, Capital Gains Tax (CGT) should be paid by the seller NOT the buyer unless it is by mutual agreement.
I prefer doing all the paperwork, including payment of the CGT, surveyor fees, Area Council form, some money for the Alkalo and the Chief for their endorsement. Prior to processing the transfer document, I'll have my lawyer prepare a conveyance of sale, which should include the fact that monies will change hands ONLY upon completion of the transfer. And also include a clause for reimbursement of money spent towards the transfer (and possibly damages too) should the seller change their mind upon initiation of the transfer process. Put everything that is important to you in the conveyance; if the seller wouldn't agree to the clauses, move on! You're better off looking for another property.
The biggest mistake is to show your desperation for that particular property for you'll be taken to the cleaners! Sorry for my pessimism, but I do NOT trust a soul in the real estate market in the Gambia.
Thanks!
Ramou
Hi all, been away for a week far up in north without computers or tv or newspapers but wonderful small cabin in forrest next to a big lake, sauna and sunshine through out the night...so let me try to see if there is anything Ramou has missed. I have bought 2 plots and the paperwork for the second I just did ready in februari, And yes, I gave money for the land before having the papers done My plots are in Gunjur and when visiting Alkalo there, I talked to a lady who is his assistant since he is getting old and doesnīt see well anymore. The lady speaks english and told me that since januari 2007 the process has changed because of all double sales and other problems so now the first step is to get a surveyer to measure the plot and make the "drawings" over the land and the area. He took 800 for that but he also prepared the documents so we didnīt need to go back and forth to Brikama. To areacouncelor there was a fee too, think it was 2-3000 dalasi but at the end of process. After getting the plan over the land, you go to Alkalo and take him (and in our case assistant) to the land you are planning to buy. After being there and seing the plot he will be able to tell if the land is sold to someone allready and who the legal owner is. If the seller is the legal owner and you are the first buyer, itīs ok. I can tell I was nervous since I paid for the land before knowing anything...My land was ok and I was to be the real owner, we signed the papers after Alkalos check up. I also paid 2000 to Alkalo and same to a chief of the village too. By that time I was allready so happy to just get it ready so I paid without questions, but of course itīs you who tell them the price so to get your toubab extra of, you can say a bit lower price maybeAfter chiefs signature, the seller suppose to pay the capital tax but in my case of course I had to do it as a buyer since I didnt do all check up before paing the money But then again, its the buyer who say how much she/he paid for the land and 15% is to be paid as a tax... The document that shows that the tax is paid has to be brought to areacounselor with other documents of the land so the documents can be completed. While doing this for the new land, I noticed that the papers for the first land has not been complete since the tax has not been paid but that is also done now. It is a bit confusing to understand alkalos part in this but itīs not normaly alkalos land you buy but since alkalo knows if someone in village wants to sell their land, it looks like itīs his...Ramou, you said your time is priceless while processing the documents, that is so true. Two days I spent in Gunjur waiting to meet alkalo and chief and surveyer, one day extra since we didnīt know that system was changed. First day we got so late and missed the last bus to serrekunda and brikama, got only to Sanyang and stood there with maybe 25 others in darkness. When we all noticed that there was no bus to come, we started hitchiking and one nice truckdriver stopped and gave us all lift to serrekunda. The truck was so big and I knew I would never be able to climb up there but the driver let me and two other women sit with him and rest of the group sat on a top of the sand he was carrying. I was so happy, this can only happen in Gambia and thatswhy I love it there. I know I pay toubab price for everything but actually I have been there 3 weeks totally broke too and survived and that is only possible in Gambia. People still have their hearts in right places and help even when they nothing have, that is something very special and has to be appreciated I think. Sorry for the long posting again, been to forrest and feel so talkative.
Jambo, donīt go and buy anything in Nuima, there is a nice plot for sale in Gunjur beach side, not fenced but with well and only five minutes walk from Footstep Ecologde with swimmingpool, cold beer and music in eveningtime. If you get tired of cooking, they also serve some nice food there and im not talking about english food here Who knows, one day I might be a neibourgh with some Bantaba member since my plan is to live in Gunjur later in my life, no matter what. |
Edited by - inez on 26 Jun 2007 15:26:14 |
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jambo
3300 Posts |
Posted - 26 Jun 2007 : 15:37:37
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Inez, congrats to you for hanging in there thank you for this posting, it brings everything together, i like nuimi, but it is a long term project, You are right about time being priceless, each time i have lost the hours has been a cost . I still have a vision of me sitting in Gambia with my house and small plot of land, watching my godchildren and extended family playing, I have to keep thinking positive on this. WELL DONE YOU |
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concort
365 Posts |
Posted - 26 Jun 2007 : 18:17:42
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Ramou, by the time I realized that I was robbed regarding the taxes, I had just two days left on my three weeks long vacation in Banjul. The seller as we all know him being a prominent member of Sanyang community and well respected by the locals. I never had any doubts that he would come short of his responsibility; but to our dismay skipped town and played "hide and seek" with us during the last 48 hours of our visit.
Last year, we travelled to Banjul to see the progress being made on the property and guess who we ran into??? The seller...He immediated fessed-up that he should have paid the taxes on the property but he was busy taking care of a sick family memeber. He promised to work something out with me but that never happened. The good thing I got out of the whole deal was the land was 75 by 75 fensed four corners. Everyone told me that I had a good deal for such a big piece of land less than five minutes walk to the beach.
My biggest headache now is to get a certificate of oocupancy. I believe a gentleman by the name of Joseph from Brikama area council was in charge of issuing the certificate. I spent half of my precious time in Banjul trying to get a hold of him but my efforts were in vane. |
As Salamu Alaikum Waramatullah Wabarakatu |
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jambo
3300 Posts |
Posted - 26 Jun 2007 : 18:22:07
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and there it is again, time that priceless commodity |
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gambiabev
United Kingdom
3091 Posts |
Posted - 26 Jun 2007 : 19:15:02
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| inez. How big is the land near footsteps and how much? I am still thinking about taking the plunge! |
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Ramou
90 Posts |
Posted - 27 Jun 2007 : 02:12:07
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Concort,
I absolutely agree that a plot that size (and close proximity to the ocean) is worth the extra 17% you had to pay on top of the asking price. I also found out that I was short-changed, but my property is 100% seaview so I'm not complaining but a lot wiser!
It seems that we are in same boat with regard to procurement of a Certificate of Occupancy. Rumor has it that there is currently a freeze on issuance of such certificates, but I'm not sure whether it is true. I will very much appreciate it if you could share your experience with us upon obtaining it. For those of you that may not be aware, the Certificate of Occupancy is the precursor to obtaining a lease for your property.
I'm kinda busy now, and will be for the next couple of days. I will attempt to respond to Jambo's enquiry about powers of Alkalos, Chiefs as well as Inez's excellent input.
I'll be back on this thread later in the week. Till then, you all take care! Inez, I never thought there was any such thing called English food Well, that's another topic...and I've already said that I'll be away for a couple of days.
Thanks!
Ramou
quote:
Originally posted by concort
The good thing I got out of the whole deal was the land was 75 by 75 fensed four corners. Everyone told me that I had a good deal for such a big piece of land less than five minutes walk to the beach.
My biggest headache now is to get a certificate of oocupancy. I believe a gentleman by the name of Joseph from Brikama area council was in charge of issuing the certificate. I spent half of my precious time in Banjul trying to get a hold of him but my efforts were in vane.
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jambo
3300 Posts |
Posted - 27 Jun 2007 : 11:32:24
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its really weird because where i want to buy the land, they have not mentioned the alkalo, but only the chief, perhaps things are not so cut throat up there. it is off the tourist track |
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turk
USA
3356 Posts |
Posted - 27 Feb 2008 : 08:25:44
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Hi
I am off to gambia soon to buy a land. Sanyang - Gunjur - Kartong areas where I will be. Nice information here, but is there any updates? Or another topic I could not find about tips on buying land?
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diaspora! Too many Chiefs and Very Few Indians.
Halifa Salah: PDOIS is however realistic. It is fully aware that the Gambian voters are yet to reach a level of political consciousness that they rely on to vote on the basis of Principles, policies and programmes and practices. |
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mbay
Germany
1007 Posts |
Posted - 27 Feb 2008 : 13:35:31
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Turk. the only tips i can give, is what has happen to me personal.
I bought my land in the rainy season, just to wait till it is over to fence it, then my neighbor was quicker than i and so he stoles part of my land by fence his!
So, in case you bought your land (where ever)please try to get your papers properly, at the same time to fence it!
too much rudy overthere! |
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turk
USA
3356 Posts |
Posted - 27 Feb 2008 : 20:58:57
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| 10x mbay. |
diaspora! Too many Chiefs and Very Few Indians.
Halifa Salah: PDOIS is however realistic. It is fully aware that the Gambian voters are yet to reach a level of political consciousness that they rely on to vote on the basis of Principles, policies and programmes and practices. |
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