Most real estate agents in Egypt are not seen in a favorable light by most of the general public. This is the case all over the world. The perception is that most agents are only after the sale. While this may be the case for some agents, others put integrity and honesty above money. If you are looking to get into an investment property business in Cairo, the options for a real estate agent are more plentiful and varied than ever before.
One of the first decisions you need to make when looking for an agent for your investment property is who you are going to hire. There are many different options. Below is a quick guide to some of the most popular options that you have.
You have to remember that you are the client, when hiring an investment property broker. Do not feel as though your agent is out to take your money and leave you holding the bag. They are here to help you get the property that you want. Just as you would expect to be told the truth in a legal situation, you should expect to have to say the same thing when dealing with a realtor. They will try to sell you something based on their sales pitch. Ask them questions to make sure they are telling you the truth and not misleading you.
When you find a broker that you are comfortable with, ask for references. These will come in very handy if you decide later on that you would like to have another broker representing you. It is a common practice for agents to offer free references to their clients. Keep in mind, however, that not all references are legitimate. Some are simply trying to impress you. Make sure you get several, preferably from past clients, before making any final decisions.
It is also important that you select a broker that has a good reputation. A solid and reputable company will stand behind its work. You do not want to deal with an unethical realtor. This will only cost you money, both in the short and long terms. Take time to investigate a prospective broker and ask questions. Make sure you know who your attorney will be working on your behalf. If you have any concerns regarding the property deal, be sure to tell your attorney and have an independent third party review the document for you.
One thing that many people don’t think about, but is important, is the role that the broker is supposed to play. It is a common practice for brokers to have a large part in the process of closing the sale. This is why it is important that the broker you choose knows how to close the deal. If you have a difficult time with the paperwork, you can’t really blame the broker because of his or her position in the company. Find out from him or her what the best way to handle it.