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When buying a house in Egypt, there are several things you should consider:
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Location: You should consider the location of the house in relation to your work, schools, and other amenities. You should also consider the safety and security of the neighbourhood.
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Size and layout: Make sure the size and layout of the house meet your needs and the needs of your family. Consider the number of bedrooms, bathrooms, and other living spaces you will need.
- Budget: Determine how much you can afford to spend on a house and stick to your budget. Don’t forget to factor in closing costs and other expenses, such as property taxes and insurance.
- Condition: Make sure to inspect the condition of the house before you buy it. Look for signs of structural damage, such as cracks in the walls or foundation, and make sure that the electrical and plumbing systems are in good working order.
- Hire a Real Estate Agent for little or no cost, they will be able to guide you through the transaction. Local agents always have many properties in their database for you to compare the prices.
- Title deed: Make sure that the seller has a clear title deed and that there are no outstanding legal issues with the property.
- Inspection: Have a professional inspection of the property to ensure that there are no hidden defects or problems that could affect the value of the property
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Legal considerations: It’s important to make sure that the seller has the legal right to sell the property and that the title is clear. You should also consider hiring a lawyer to help you navigate the legal aspects of buying a house in Egypt.
- Financing: If you are using a mortgage to finance the purchase of the property, make sure you understand the terms and conditions of the loan, including the interest rate and any fees associated with the loan.
- Insurance: Consider purchasing insurance for the property to protect against any potential risks or damages.
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Future plans: Think about your long-term plans and consider whether the house you are considering will meet your needs in the future. For example, if you plan to have children, you may want to consider a house with a larger yard or a neighbourhood with good schools.
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