1-Use the crisis to your advantage There will always be demand for residential properties in city centers and popular tourist areas such as achrafieh,saifi,gemayze,monot. Act now because there might not be such a good opportunity anytime soon. 2-Buy quality property. Don t be tricked by the lower prices of some properties. Be careful what you buy or rent. During a crisis it is the properties of lowest quality and with the worst location whose prices fall the fastest and the lowest. Spend more but choose the better quality. 3-Attention to the property documents: Many take advantage of sellers and buyers desperation and draw false promises. Your agent and lawyer should have a good reputation and he should check thoroughly every property listing. Title Deeds, previous contracts with developer, mortgages on the property, etc…. 4-Off –plan property sales during a crisis : The risk in buying such a property is great as the access to crediting is limited and there is a possibility the developer might not be able to finish the building. Still, if you want to buy off-plan research the developer Well , draw up a perfect agreement and start with as lowest an initial installment as possible. Request to pay the bigger part of the price at the end, when the property is in its final stage of the construction. 5-Negotiate Ask your agent to negotiate the best price for you .How to get the lowest possible price through negotiations with the seller.
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