Home Buying Process & Eligibility Guide

by Skyhome Real Estate in Tanzania on May 28, 2017

🔹 Step-by-Step Home Buying Process

1. Property Selection
Browse our wide range of properties, including modern apartments, luxury sea-view homes, and family-friendly units in prime locations like Oysterbay, Mikocheni, and Masaki.

2. Site Visit & Consultation
Schedule a private viewing with our sales team. We’ll walk you through the units, amenities, and available floor plans. Our consultants are available for both in-person and virtual tours.

3. Reservation & Offer Letter
Reserve your selected unit by signing a reservation form and placing a refundable deposit. SkyHome will then issue an official Offer Letter outlining the terms and payment details.

4. Legal Review & Due Diligence
Our legal team assists with reviewing the sale agreement, title deeds, and compliance documents. Independent legal advisors are welcome to verify all ownership and registration details.

5. Sales Agreement & Down Payment
Once all terms are agreed upon, both parties sign the Sales Agreement. A minimum down payment of 30% is typically required to secure the unit, unless agreed otherwise.

6. Payment Plan Execution
Enjoy a flexible payment plan (up to 24 months in some projects), or opt for full payment to fast-track ownership. All payments are tracked with official receipts and updates.

7. Title Registration & Handover
After full payment is completed, title processing begins. Upon registration, we arrange the final handover – including keys, utility setup, and official occupancy.

🔹 Buyer Eligibility Criteria

To purchase a property from SkyHome, you must:

✅ Be a Tanzanian citizen, a foreign national, or a registered company
✅ Provide valid identification (passport, national ID, or certificate of incorporation)
✅ Demonstrate financial capability (bank statement, mortgage pre-approval, or proof of income)
✅ Agree to SkyHome’s standard payment terms and contract obligations
✅ Be 18 years or older

🔹 Optional Financing Partners

SkyHome collaborates with top financial institutions to help clients access mortgage options. We can connect you with:

• CRDB Bank
• NMB Bank
• Stanbic Tanzania
• Azania Bank

We’ll help coordinate the paperwork, property valuation, and approval process if you need financing.