thanks, good sound advice

Hi Roger.

Like you I am an investor and not an Agent. Like you I have put down a £4,000 reservation deposit on two studio flats in Hania Beach. I came to this board for some honest advice, but instead was bombarded by an agent with private messages asking me if I wanted to purchase in Hurghada from him. He raised some valid points stating that the shell for the developemnt had been standing there for a period of time.

After speaking to the developer today I was assured that all brick work would be re-built and that the development would be five star. I have also asked the developer for confirmation on how long the shell has been standing there and will let you know when they get back to me with an answer.

I asked why they had purchsed that plot. They responded by saying that it was very difficult to get hold of beach front land and they purchsed the plot not to save money but to attain a beach front development. Apparently the Military own the beach front land (please can someone confirm) hence, it's difficult to attain beach front developments.

Again I have nothing to loose. The £4000 is refundable if I am not impressed with the project after the presentation on the 29.02.08.

Thanks to all for the advice so far - keep it coming!! Unfortunately it will not be easy for me to get out there before June and there is no one I can trust who also has the knowledge to make assessments, who can go out for me.

Redangel, I've been onto the developer too, so will let you know if I get a different story! They did drop into one email that the release date may be set back a few weeks as they are changing the roof somehow (bar going in?).

Have you been/are you going out to see the development?

As regards agents on this forum, I was contacted by a couple, but have been put under no pressure and have not been bombarded. Perhaps recent complaints are being taken seriously.

Thanks again all.

Roger

Roger,

I'm am looking to fly out in the next few weeks. I'll take some pictures and post them on the board.

Thats it redagel, like we all have been saying go and look for yourself, take pictures or the surrounding area too and get plan's of area what is going to to be near.

it is a lovely land so go with open eye's

regards Jayne

Thanks Redangel, I'd appreciate that.

Although I am quite sick that you're going and I'm not!

Roger

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One thing that you should look for is a developer who makes available key information without being asked.

This may be a full official report by an independant body, or maybe just all the key documents provided in an easy to read package.

Many of the big agents like to tell you that they do this before they agree to sell a development - mainly for their own protection, and then when you ask for the report it either takes months to arrive or they do not release it.

Rgardless, YOU Need to ask the key questions direct to the developer - if this has to be via an agent then make sure the information is written with the name of the person giving the info, and the source.
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I would also say to find out as much information on the developer as you possibly can. Find out how many other developments he has, how many he has completed, have they been on time, previous cutomers feedbacks made available etc etc etc.
Ensure that your lawyer checks the land and that the developer owns such land and there are no debts etc attached to it.

I think telling real information even it was against what you sell is not a crime, I think this was the main reason to establish this forum that all people know the truth and info from all sides and any way I advice every one to not pay anything or purchase anything before site views in realty because it will give you a totaly new Ideas and will help you to make a realy concept if what can fits you i hope this is not bombarding

Totaly true westmed and i support your opinion. and we all try to tell the members and visitores of this forum true information. what ever agents or normal people that its like we are one family around here, so if one is hurted all of us will, its easy to lie and so difficult to tell the truth and that what we trying to do here tell all info available in our hands but some think we fight them which is not true