The biggest one is taking legal advice from the other side. The agent gets a commission when the deal closes, which is a different interest than acting for you. Separate legal representation costs a fraction of what is at stake and is money well spent.
Signing in a language you do not speak is nearly as costly. A sworn translation costs little compared with what is at stake. Assurances given by the agent mean nothing once a dispute starts — only the signed text matters.
Buying off-plan without checking the developer has wrecked plenty of plans. Before paying anything, review the developer’s completed projects, the building permits, egypt real estate and the guarantees on staged payments. Late deliveries are normal with even the best developers; stalled projects are rarer but far worse.
Forgetting about resale is less obvious but just as costly. Every purchase has to be sold or passed on at some point, and the resale market decides what you get back. A buy property in manacor attractive only to a narrow group takes longer to sell when conditions change.
Last of all, many buyers underestimate the running costs. Annual declarations can be required even when the home sits empty, and late filings generate penalties that grow over time. Arranging a local tax adviser at the outset avoids the majority of these headaches.
