Who is the developer of Family City compound?

The company that owns Family City New Cairo is EGYGAB Developments

Resale apartment in Family City

Reference: BB 52455

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

Resale apartment in Family City

Reference:

BB 52455

Type:

Flat

Price:

Call Us

Finishing Status:

Semi Finished

Area:

167 sqm

Bedrooms:

Bathrooms:

View:

Lake

Listed:

Wed 10 May 2023

Description

3 Bedrooms Apartment for Sale in Family City New Cairo By EGYGAB Developments

Resale Apartment in Family City Egypt: A Guide for Prospective Buyers

If you're looking for a spacious and affordable apartment in a family-friendly community in Egypt, you may want to consider buying a resale unit in Family City. Located in New Cairo, Family City is a mixed-use development that offers a range of amenities and services for residents of different ages and interests. Here are some key features of Family City and tips on how to buy a resale apartment there.

About Family City

Family City is a project developed by Wadi Degla Holding, a leading real estate company in Egypt. The project covers an area of 120 acres and includes over 3,000 residential units, as well as commercial and recreational facilities. The community is designed to cater to the needs of families and promote a healthy and active lifestyle.

Among the features of Family City are:

Landscaped gardens and parks
Clubhouse with swimming pools, gym, spa, and sports courts
Shopping center with supermarkets, restaurants, and cafes
Schools, nurseries, and a medical center
Mosques and churches
24/7 security and maintenance services
Family City is located in the Fifth Settlement of New Cairo, which is a growing and affluent area that offers many educational, cultural, and entertainment options. The community is also close to major highways and public transportation, which makes it easy to access other parts of Cairo and beyond.

About Resale Apartments

A resale apartment is a unit that has already been owned and occupied by a previous buyer, and is now available for sale again. Resale apartments may have some advantages over new units, such as:

Lower prices, as they may reflect the market value rather than the developer's markup
Established community, as the neighbors and facilities are already in place
Ready-to-move-in condition, as the apartment may have been furnished and decorated by the previous owner
However, resale apartments may also have some drawbacks, such as:

Limited or no warranty, as the developer may not be responsible for any defects or maintenance issues
Less flexibility, as the layout and design of the apartment may not be customizable
Higher risk, as the buyer may not know the full history and condition of the property
Therefore, it's important to do your due diligence and work with a reputable real estate agent or lawyer when buying a resale apartment.

Tips for Buying a Resale Apartment in Family City

If you're interested in buying a resale apartment in Family City, here are some tips to help you make an informed decision:

Determine your budget and priorities. How much can you afford to spend on the apartment? What are your must-have features and amenities? Do you prefer a certain location or view? Knowing your budget and priorities can help you narrow down your options and avoid overspending or settling for less.

Research the market and the community. What are the current prices and trends for resale apartments in Family City? How do they compare to new units or other neighborhoods? What is the demand and supply for your preferred type and size of apartment? What are the rules and regulations of the community? What are the reviews and feedback from current residents? Gathering this information can help you make a more informed and realistic offer and avoid surprises or regrets.

Inspect the apartment and its documents. Before making an offer, you should visit the apartment and inspect its condition and amenities. Is everything in working order? Are there any signs of damage or wear and tear? Are the appliances and fixtures up-to-date and energy-efficient? You should also review the legal and financial documents related to the apartment, such as the ownership deed, the maintenance fees, the utility bills, and the taxes. You may want to hire a professional inspector or lawyer to help you with this process.

Negotiate the price and terms. Once you have found a suitable apartment and verified its value, you can make an offer to the seller. The offer should include the price you're willing to pay, the payment method and schedule, the closing date, and any contingencies or conditions that you want to include, such as inspection or appraisal. The seller may accept, reject, or counter your offer, and you may need to negotiate further to reach a mutually acceptable agreement.

Close the deal and transfer ownership. Once you and the seller have agreed on the terms and signed the contract, you need to finalize the transaction and transfer the ownership of the apartment to your name. This involves paying the agreed price, the closing costs, and any other fees or taxes that may apply, and registering the ownership with the relevant authorities. You may also need to update the utilities, insurance, and other services related to the apartment.

By following these tips and working with experienced professionals, you can increase your chances of finding a resale apartment in Family City that meets your needs and budget, and enjoy the benefits of living in a vibrant and secure community.

MLS Realty
+201200070979