Real estate agents in Egypt are often not perceived very favorably. In reality, this is quite the opposite case all around the globe. Many people believe that they’re only after the commissions.
While this may be the case for some agents, there are still several real estate businesses in Egypt which put integrity and honesty above money. You can see this attitude on display in many Egyptian homes where one or more of the main rooms has a sign reading “Tenant pays rent on his own. The tenant does not have to wait until the land is mortgaged and a mortgagee has been found.”
If you decide to work in a real estate business in Egypt, you need to make sure you are going to stick to these principles. There are some very good realtors out there and you should find them as your broker.
One of the best qualities about working with a real estate broker in Cairo is the fact that he or she is someone you can trust. If the agent is honest and up front, there’s no reason for you not to be satisfied with the job you’re doing.
It’s also a great idea to talk to someone who’s been a real estate agent before. They can give you an insight into the business.
The key to having a successful business in any business is knowing who your competition is and what they’re willing to do to get your business. Working hard and staying honest is the way to go.
It’s not hard to get your business dealings done in Egypt, if you have good contacts. But in order to build good relationships, you have to learn how to deal with the Egyptians themselves.
As a business owner in the real estate business, you’re representing yourself. So you’ll have to make sure you have your facts straight. and get them right when you deal with Egyptians.
One thing I’ve learned from working in the real estate business is that the Egyptians don’t like to negotiate. but you must at least be reasonable when it comes to asking them for a reduction in price. on a home or an apartment. This may be tough but do it and get them on your side.
In Egypt, many of the properties are overvalued because of the instability of the country. There are a lot of people moving around. They can be hard to track down if you don’t know where to look. The better you know their language, the easier it’ll be to convince them to sell the property.