The decision to buy an apartment is just a start on the way to a deal. And how many steps are there in total? Let’s figure it out!
Remember the children’s walker game? You roll the dice and move the piece. Once you get to the lucky cage, you can immediately jump a few steps forward. On an unlucky one, you will have to step back or skip a move. A real estate deal is like this game. Only its outcome largely depends on what decisions we make at the very beginning.
Step one is the decision to buy or sell.
You need to honestly answer your question — have you definitely decided to buy an apartment in Hurghada? Are you ready for the fact that instead of a loggia, for example, there will be a balcony and there will be no square in front of the window, the child will need to get used to a new kindergarten or school, and you will have to get to know your neighbors and build relationships? Are you ready to buy an apartment for cash or by installments? (Most construction companies in Hurghada provide interest-free installments)
Second, who will do it?
In the case of a sale, you can get by with a minimum of nervous costs. it is enough to conclude an agreement with a real estate agency and, if the realtor inspires confidence, give him the keys — let him show himself, bargain himself, draw up documents himself and stand in lines. Your business is to get the agreed amount in the end.
If it comes to a purchase, then personal participation in the process cannot be canceled: you must look at the house, at the entrance, at the apartment, at the view from the window, at the neighbors, feel the aura of space. But the selection of options and paperwork is again the agent’s prerogative. In addition, a professional agent will keep you informed and explain all the necessary points of the transaction.
The third — to find a professional.
For example, contact the RedSeaLine agency.
Real estate agency RedSeaLine provides full cycle real estate services.
Since 2008, it has been helping its clients to become the owner of the houses and apartments they dreamed of. Thanks to many years of successful work experience and thorough knowledge of the market, RedSeaLine has rightfully become one of the leading real estate agencies in Hurghada.
The fourth is the collection and verification of documents for the apartment.
Each seller must provide ORIGINAL documents for the apartment, which your realtor will check for legitimacy.
Fifth — advertising the object, if the sale, and selection of options, if the purchase.
In both cases, databases on the Internet and in specialized publications will come in handy, as well as a competent description of the desired apartment.
Everything is important here: the road to the house, what the entrance looks like, how many rooms, the desired layout, is there a balcony, central gas, swimming pool, security and, most importantly, is the distance from the sea.
Sixth — viewing or showing the object.
Seventh — drawing up and signing the sales contract.
This is one of the most crucial steps. After the contract is signed, a part of the money (deposit) is transferred, which is a guarantee of receipt of payment for the seller of real estate, and for the buyer, a guarantee of the purchase of a specific apartment.
Eighth — drawing up and certification of toukil (irrevocable power of attorney from the seller)
The real estate transaction, and accordingly the toukil, supporting this transaction, are considered invalid until they are registered with the Sharaakari (public notary office). Only after this registration, the transaction becomes legally binding.
Ninth — acceptance of the apartment and receipt of the keys.
After all the previous stages have been passed, the last step remains — the transfer of the object from the seller to the buyer.
When the transaction is actually closed? When the following conditions are met:
1) The apartment is freed from the belongings of the previous owners,
2) A set of keys was handed over to the new owners,
3) All necessary documents have been signed,
4) Received a certificate of payment of real estate tax,
5) The personal accounts of the previous owners are closed,
The tenth step is to open the champagne and celebrate!
You will have a very pleasant feeling of satisfaction from a successful deal, where all the participants were satisfied. And of course, to advise friends and acquaintances of the intermediary, with whose help the deal was completed quickly, easily and efficiently!
For any questions regarding the choice of real estate FOR RENT in Hurghada, you can always consult with our specialists who have up-to-date information and will help you make the right choice
+20 106 930 3640 Contact us
Skype: Hurghada RedSeaLine