Should I buy or continue renting?Buying a home can be a very solid investment. This being said, renting can also be a better option for some, depending on the circumstances. There are questions that you should ask yourself before deciding to buy a home: – One of the most important things to considering the duration you plan to stay at this home, if you will purchase. If the answer is only a few years, it’s likely the better decision is to continue renting. Another question to ask yourself is whether you are ready to take on the additional “responsibilities” of owning a home. When owning a home there will be general home maintenance that should be done, are you ready for that? Buying a home is a great option in many cases, but not always.
Why does the Sale Agreement mention that if the customer is in default we charge him interest commencing on the date of default and when delay occurs on behalf of the Vendor the Customer has to wait?As the Vendor cannot accurately specify the date of completion of construction, the Sale Agreement specifies an estimated completion date for construction and allows the Vendor the right to reschedule the completion date within certain time limit beyond the Estimated Completion Date whereby the Vendor can delay the Completion of the project. The delays arise mainly only in cases where the Force Majeure is a factor.
How many homes should I look at before putting in a purchase offer?This question is often asked and is a simple answer. The answer is, there is no specific number of homes you should look at before buying a home.
What is a broker?An agent who is authorized to open and run his/her own agency. All real estate offices have one principal broker.
How do I know if I’m ready to buy a home?You can find out by asking yourself some questions: Do I have a steady source of income (usually a job (Is my current income reliable? Do I have a good record of paying my bills? Do I have money saved for a down payment? Do I have few outstanding debts, like car payments? Do I have the ability to pay a mortgage every month, plus additional costs? If you can answer “yes” to these questions, you are probably ready to buy your own home.
What should i look for when walking through a home?In addition to comparing the home to your minimum requirement and wish lists, you may want to consider the following: -Is there enough room for both the present and the future? -Are there enough bedrooms and bathrooms? -Do the mechanical systems and appliances work? -Is the yard big enough? -Do you like the floor plan?
What questions should I ask when looking at homes?Many of your questions should focus on potential problems and maintenance issues. Does anything need to be replaced? What things require ongoing maintenance (e.g., paint, roof, HVAC, appliances, carpet)? Also ask about the house and neighborhood, focusing on quality of life issues. Be sure the seller’s or real estate agent’s answers are clear and complete. Ask questions until you understand all of the information they’ve given. Making a list of questions ahead of time will help you organize your thoughts and arrange all of the information you receive.
Can the Purchaser alter the internal structure of his Unit?– The Purchaser may alter the internal structure of the unit only if the changes required are nonstructural, and should seek permission from the Alterations Team of BETA Egypt prior to commencement of work. – you can change as per your request after receiving your unit
What is the definition of ‘single family’?Husband, wife and kids.
In cases of default of payment, how many days is given to the customer to make payment of outstanding installment?BETA Egypt follows the Sale Agreement strictly in cases of issuing Notices of Termination.
How do we notify BETA Egypt of our change in communication details?You may update your contact details by calling BETA Egypt Contact Centre on 19231 You may also visit BETA Egypt Customer Centre or Sales Centre along with your original passport to inform us about the changes.
What happens if I lose my Sale Agreement?You would need to attend the Contracts Help Desk and sign an indemnity form. You will also need to provide us with either a police report, citing the reasons for the loss of the contract. The veracity of your request will then be verified and if genuine, You will have a copy as same as the original after the payment issue