TERMS AND CONDITIONS FOR SALE

Information: Although every effort is made by SHARM EL SHEIKH REAL ESTATE, its agents, associates or employees to verify information given in their web site, brochures, and promotional material, it must be clearly understood that such information does not form part of any contract or offer. Any intending purchaser of a property or a business must satisfy themselves as to the correctness of any information either printed or verbally issued by SHARM EL SHEIKH REAL ESTATE, its agents, associates or employees.

• Details: SHARM EL SHEIKH REAL ESTATE its agents, associates or employees make every effort to keep up to date the information stated in its web site, brochures and other promotional material, but it cannot guarantee that particular properties and businesses will still be available for sale when prospective purchasers enquire or travel to view. Vendors may increase or decrease the price of properties/ businesses and no guarantee is given that the price shown in the SHARM EL SHEIKH REAL ESTATE web site or brochure will remain accurate. SHARM EL SHEIKH REAL ESTATE reserves the right to make changes to the information and price of content on our website at any time without notice.
• Availability: SHARM EL SHEIKH REAL ESTATE its agents, associates or employees does not accept any liability to interested purchasers resulting from their inability to view properties and businesses in which they may be interested due to the fact that the properties or businesses may no longer be available for sale, or due to revision of purchase prices, or due to unforeseen circumstances.
• Services: All related services offered, such as Finance, mortgages, Insurance, Currency exchange, legal and tax advice, Removals and any other service from a third party – are merely recommended in good faith only and all agreements and contracts with such parties or for such services are entirely the responsibility of the buyer/user and service provider and not the liability or responsibility of SHARM EL SHEIKH REAL ESTATE.
• Currency exchange Rates: Be aware that currency fluctuations can greatly affect the price you pay in sterling for a property when you come to pay for it. We advise you to keep this in mind and seek professional help when transferring money abroad. Note also that properties are often listed in their ‘local’ currency and therefore a Sterling/Euro/Dollar price is often only a guide.
• Business liability: SHARM EL SHEIKH REAL ESTATE its agents, associates or employees operate as an introducing agent to assist interested persons in finding and purchasing properties and businesses. SHARM EL SHEIKH REAL ESTATE is not liable for any loss which they may incur for any reason whatsoever resulting from their interest in purchasing, attempted purchase or actual purchase of a property overseas.
• Measurements, tenure & usage: Land, property and room sizes given in the SHARM EL SHEIKH REAL ESTATE its agents, associates or employee’s web site, brochure or any promotional material are subject to survey. It remains the responsibility of the purchasers to satisfy themselves as to the correctness of such information. Building plots described in the SHARM EL SHEIKH REAL ESTATE web site, brochure and promotional literature remains the responsibility of purchasers of plots of land to acquire/check all necessary planning consents and licences. Title and tenure is also the liability of the buyer, lawyer and selling company and SHARM EL SHEIKH REAL ESTATE recommend that the services of a professional are employed when purchasing property overseas as in Egypt all properties are sold on GROSS basis, which included building communal areas such as stairs well/ducts ect.
• How SHARM EL SHEIKH REAL ESTATE get paid for their service: In the main, SHARM EL SHEIKH REAL ESTATE, their agents, associates or employees are paid a percentage of the builders, agents or developers profit/fees and this is generally part of the allocated budget for marketing and sales and therefore the buyer does not pay more for a property as a result of buying via SHARM EL SHEIKH REAL ESTATE. Therefore, in effect, a client receives a free service from SHARM EL SHEIKH REAL ESTATE, including the advice, support, search and ability to source property as well looking to bring only the best properties to clients.
• Associated companies actions: SHARM EL SHEIKH REAL ESTATE its agents, associates or employees shall not be held liable or responsible for the actions of other persons or companies or firms with which it may be associated or have connections with.
• Finance & Investment advice: Any investment or financial advice given by SHARM EL SHEIKH REAL ESTATE, its agents or associates are a guide only and expert tax, financial planning and mortgage advice will be required to confirm information when purchasing a property.
• Disputes: Any disputes regarding property shall be resolved according to the laws of the Egypt in which the property is situated and between the buyer and contracted seller.
• Member of Professional bodies:
  • SHARM EL SHEIKH REAL ESTATE are members of AIPP.
  As a Member of the AIPP we have been vetted and approved, and we have voluntarily committed ourselves to industry regulation. To verify our membership, to read the Code of Conduct, or to find out more about the AIPP, visit www.aipp.org.uk
• Insurances: When travelling abroad it is advisable to arrange suitable comprehensive insurance cover. SHARM EL SHEIKH REAL ESTATE its agents, associates or employees accept no liability whatsoever for losses, damages, compensation or personal injury resulting from a viewing trip. Likewise, insurance is required on property purchased and this again is the responsibility of buyer/vendor and not SHARM EL SHEIKH REAL ESTATE, its agents, associates or employees.
• Building time on new property: Whilst every effort is made by SHARM EL SHEIKH REAL ESTATE its agents, associates or employees to give accurate information to purchasers of “off plan” properties as to the building time of such properties it must be clearly understood that purchasers contracts are with the relevant construction company and not with SHARM EL SHEIKH REAL ESTATE its agents, associates or employees .Estimated building times are given by the relevant construction company and it should be clearly understood that delays or changes may occur. SHARM EL SHEIKH REAL ESTATE its agents, associates or employees accepts no responsibility for any such delays or changes.
• Access and use of the SHARM EL SHEIKH REAL ESTATE Websites and content: All materials, logos, pictures and content on sharmelsheikhrealestate.com and other owned websites within our group are the sole ownership of Kni SHARM EL SHEIKH REAL ESTATE and cannot be used by other parties in any way unless by consent.
• Deposits: Refundable deposits are only accepted on condition that perspective sale fulfilled within 30 days of reservation or indicated otherwise in the reservation contract. Thereafter the relevant contract can be canceled if the client wishes to and the deposit (less any handling charges) will be refunded. It must be clearly understood that once a purchaser pays the full amount and exchanges contracts with a construction company then such deposits are non-refundable. In the event that a particular transaction does become a Sale and the client wishes to cancel the property at their own decision. SHARM EL SHEIKH REAL ESTATE cannot be held liable for the return of any deposit or payments agreed with the agent or developer and this is to be the responsibility of the purchaser or customer to follow up direct with the developer that issued their contract for the property.
• Reselling:If a property has been purchased with a view to re-selling please note that SHARM EL SHEIKH REAL ESTATE its agents, associates or employees do not guarantee selling properties prior to or after completion, nor do they guarantee any profits or returns, and have no control over the future volume of purchasers, their requirements or future market conditions. SHARM EL SHEIKH REAL ESTATE its agents, associates or employees does not require exclusivity to market re-sale properties.
• Post agreement to purchase queries: SHARM EL SHEIKH REAL ESTATE INTERNATIONAL its agents, associates or employees operate only as an introducing agency to assist interested persons in finding and purchasing properties from a range of developers, agents and associates. All legal queries should be directed to the lawyer you have appointed and not SHARM EL SHEIKH REAL ESTATE. its agents, associates or employees.
• Tax Liability: Income Tax or capital gains tax due on profits or income made on property or rental is entirely the responsibility of the vendor.
• Data Policy: When registering with SHARM EL SHEIKH REAL ESTATE for the purpose of finding an overseas property, personal details such as name, address, email and phone number will be required. This data maybe passed on/shared with our associated overseas companies and developers and this is essential in assisting a customer looking to buy a property. If a client does not wish to have their information passed to a third party they must request this and SHARM EL SHEIKH REAL ESTATE will comply.
• Contact information: SHARM EL SHEIKH REAL ESTATE its agents, associates or employees do not accept liability form any client, who has not informed the developer, from who the builders contracts are made out from, regarding new change of address or contact details. If the developer cannot contact the client through the present details they have on file and no evidence of informing the developer of the new address is provided, then the client is at risk in losing the money invested in the property and the property itself.
• Additional services: SHARM EL SHEIKH REAL ESTATE its agents, associates or employees operate as an introducing agent only and do not organize NIE numbers, bank accounts, mortgages, power of attorney, immigration advice, etc…for clients. It is up to the client themselves to organize all of these, either with their appointed lawyer or if written confirmation has been given, by the developer they have purchased with.