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ricardothered
New Member
Chris I wouldnt mind knowing what people are doing re - legal advice on contracts as well. Could you pm me with what you have found out please? Cheers.
realestatemart
Banned
championship
Dear All
in nexts weeks El Khorafi Group Organize championship of fast boat in Port Galib
Dear All
in nexts weeks El Khorafi Group Organize championship of fast boat in Port Galib
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chriscross34
New Member
Hi Ricardothred, no messages yet, i couldn't private message you as you don't have that facility set up. Please go into your profile settings to check if you added an email address too. When i get private messages, altough my email address isnt shown in my profile as far as i am aware, i get an auto email when i'm online on the site or not
Thanks Chris
Thanks Chris
queenie40something
Senior Member
Hi you might be interested in this thread http://www.totallyproperty.com/egypt-property/6847-legal-procedures-purchase-property-egypt.html which is about the legal procedures.
Zeiad is able to check any contracts and he offers a substantial discount for this service to TP forum members.
Any questions feel free to post on the above thread and Zeiad as always on hand to offer free advisei
Regards
Alison
Zeiad is able to check any contracts and he offers a substantial discount for this service to TP forum members.
Any questions feel free to post on the above thread and Zeiad as always on hand to offer free advisei
Regards
Alison
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cin7166
New Member
I think we should all use Zaied on this forum to check the contract.
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samui13
New Member
Legals....
Hi Cin
I agree. (especially because stew and I will not be here to get our contracts checked, we will be in Indonesia for three weeks)!!!
I agree if we all get together on the forum and ask Zeiad to check the due diligence and the contract over for a group of us (he will only need to perform the duty once) and we could all split the cost between the group of us.
If people agree, my name is up for that (but unfortunately I wont be able to coordinate it since I wont have permanent internet usage in Indo).
if we all go back with the same amendments required it should hopefully be a quick and easy process. Fingers crossed no amendments will be required
Hi Cin
I agree. (especially because stew and I will not be here to get our contracts checked, we will be in Indonesia for three weeks)!!!
I agree if we all get together on the forum and ask Zeiad to check the due diligence and the contract over for a group of us (he will only need to perform the duty once) and we could all split the cost between the group of us.
If people agree, my name is up for that (but unfortunately I wont be able to coordinate it since I wont have permanent internet usage in Indo).
if we all go back with the same amendments required it should hopefully be a quick and easy process. Fingers crossed no amendments will be required
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samui13
New Member
Foreign exchange
I used HiFx since this was recommended to me by a friend. i did a search and they gave me the best rate at the time compared to anywhere else.
I have now secured our funds since I am afriad the Euro will get even stronger.
We had to pay a deposit to secure the funds and have to pay for them by the end of April. they then transfer the money where you want it to go.
If you need any more info, let me know.
Lou
I used HiFx since this was recommended to me by a friend. i did a search and they gave me the best rate at the time compared to anywhere else.
I have now secured our funds since I am afriad the Euro will get even stronger.
We had to pay a deposit to secure the funds and have to pay for them by the end of April. they then transfer the money where you want it to go.
If you need any more info, let me know.
Lou
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kc67
New Member
Hi Lou,
If you don't mind me asking, what rate did you secure with them? They were recommended by my agent and we used them to send over the deposit on our other property, so will prob use them again this time. Its worrying that the rate is so low just now and seems to be decreasing further.
Karen.
P.S. I'm in also for getting contract checked - it will be easier for him to check it once on behalf of us all. Not sure how we will go about paying though?? Any thoughts on this..
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samui13
New Member
Hi Karen
The rate I got was 1.2525n which is not fantastic but I kept watching it fluctuate. when I called them they said it may get worse as interest rates drop.
You can do a quick calcualtion on their home page but the actual rate you get will be slightly lower than this.
I just felt I would rather know "today" what I am going to pay and be done with it. I was fed up of anxiously checking the rate every single day.
With regards to the legal, we could ask Zeiad for a quote to check everything over and then see who wants to go in, then if someone is prepared to coordinate, we could all send cheques to them so that they have funds ready to pay Zeiad. if someone is happy to coordinate we should ensure all currency exchange is also paid for when we divide the estimate so the main person is not out of pocket. Zeiad did offer to glance at the contract for me and help for free but I wouldnt feel comfortable him doing that and me then sharing it with lots of people as I would feel a bit guilty, but I dont think he will charge a lot anyway.
Of course who ever does coordinate (if anyone wants to,) I would suggest the details of edits to the contract not be forwarded to anyone who had not yet paid (but were promising to pay!!)
What does everyone else think. I would be happy to be coordinator with Zeiad if it happens after mid may (which I know we are all hoping it happens before then!)
I also know someone else not on this forum who may want to come in on the share of the costs too.
Lou
The rate I got was 1.2525n which is not fantastic but I kept watching it fluctuate. when I called them they said it may get worse as interest rates drop.
You can do a quick calcualtion on their home page but the actual rate you get will be slightly lower than this.
I just felt I would rather know "today" what I am going to pay and be done with it. I was fed up of anxiously checking the rate every single day.
With regards to the legal, we could ask Zeiad for a quote to check everything over and then see who wants to go in, then if someone is prepared to coordinate, we could all send cheques to them so that they have funds ready to pay Zeiad. if someone is happy to coordinate we should ensure all currency exchange is also paid for when we divide the estimate so the main person is not out of pocket. Zeiad did offer to glance at the contract for me and help for free but I wouldnt feel comfortable him doing that and me then sharing it with lots of people as I would feel a bit guilty, but I dont think he will charge a lot anyway.
Of course who ever does coordinate (if anyone wants to,) I would suggest the details of edits to the contract not be forwarded to anyone who had not yet paid (but were promising to pay!!)
What does everyone else think. I would be happy to be coordinator with Zeiad if it happens after mid may (which I know we are all hoping it happens before then!)
I also know someone else not on this forum who may want to come in on the share of the costs too.
Lou
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samui13
New Member
Zeiad
Just as a heads up, I have emailed Zeiad to explain the situation and see how much he would charge to check over the contract once and advise and also check over the due diligence just to make sure it contains everything it should do and that there arent any pitfuls in there.
Will let you know when I get a reply.
Lou
Just as a heads up, I have emailed Zeiad to explain the situation and see how much he would charge to check over the contract once and advise and also check over the due diligence just to make sure it contains everything it should do and that there arent any pitfuls in there.
Will let you know when I get a reply.
Lou
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samui13
New Member
Lawyers - option to club together
Hi all
I have now had a quote for Zeiad to act for those who are interested (purely on an advice basis - he believes the only important thing at this stage is to secure a safe contract). We would all need individual advice later with regards to registration etc but that is another matter - and perhaps we could negotiate again with him at that point.
He will check the contracts and the due diligence and send us a report on his findings (it would then be down to us to take any action with regards to amending the contract (but if we all want the same thing I cannot see IPI having a problem with it).
if you are interested, please send me a PM with your email address and I can then advise you how much Zeiad wants to charge each individual (he will charge each of us a reduced price rather than one big cost)(dont worry its a good price!!) and this would actually work out easier I feel than us trying to divide the costs out. One of us can send the paperwork through to Zeiad with a list of the email addresses of the people who want the report, everyone can then pay him and get a copy of the report to their individual email (rather than one person having to forward on).
This would save us all getting individual advice.
PM me if you want in.
Thanks.
Lou
Hi all
I have now had a quote for Zeiad to act for those who are interested (purely on an advice basis - he believes the only important thing at this stage is to secure a safe contract). We would all need individual advice later with regards to registration etc but that is another matter - and perhaps we could negotiate again with him at that point.
He will check the contracts and the due diligence and send us a report on his findings (it would then be down to us to take any action with regards to amending the contract (but if we all want the same thing I cannot see IPI having a problem with it).
if you are interested, please send me a PM with your email address and I can then advise you how much Zeiad wants to charge each individual (he will charge each of us a reduced price rather than one big cost)(dont worry its a good price!!)
and this would actually work out easier I feel than us trying to divide the costs out. One of us can send the paperwork through to Zeiad with a list of the email addresses of the people who want the report, everyone can then pay him and get a copy of the report to their individual email (rather than one person having to forward on).This would save us all getting individual advice.
PM me if you want in.
Thanks.
Lou
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chriscross34
New Member
Louise, thank you. Zeiad, thank you.
This seems a good way to start, well done, Chris
This seems a good way to start, well done, Chris
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optom39
New Member
Hi, sorry if this is a daft question, but who is Zeiad? I am interested in having the contract checked.
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samui13
New Member
He is a lawyer who also frequents this website and is recommended by other purchasers who have used him.
At the moment this is purely a review of contract and due diligence we are instructing him to do. Registration will come much later and individuals may wish to do their own thing.
At the moment this is purely a review of contract and due diligence we are instructing him to do. Registration will come much later and individuals may wish to do their own thing.
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Lsab
New Member
Not a daft question at all - check out this thread
http://www.totallyproperty.com/egypt-property/6847-legal-procedures-purchase-property-egypt.html
queenie40something
Senior Member
Hi all - glad things are moving along for you all. Zeiad is great and comes highly recmmended by myself and as previously stated he answers his emails very quickly and in excellent English that you can understand.
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optom39
New Member
Hi, sorry but as I am new to this forum I can't work out how to PM to you! Could you help please?!Hi all
I have now had a quote for Zeiad to act for those who are interested (purely on an advice basis - he believes the only important thing at this stage is to secure a safe contract). We would all need individual advice later with regards to registration etc but that is another matter - and perhaps we could negotiate again with him at that point.
He will check the contracts and the due diligence and send us a report on his findings (it would then be down to us to take any action with regards to amending the contract (but if we all want the same thing I cannot see IPI having a problem with it).
if you are interested, please send me a PM with your email address and I can then advise you how much Zeiad wants to charge each individual (he will charge each of us a reduced price rather than one big cost)(dont worry its a good price!!)
This would save us all getting individual advice.
PM me if you want in.
Thanks.
Lou
Peter Mitry
<B>Egypt Forum Founder Member</B>
I met with Ziead last week for the first time; I was extremely impressed by his straight talking and in depth knowledge of many issues. I will have no hesitation in using him myself and recommending him to my clients.
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Lsab
New Member
Morning optom - you should be able to send a PM now as you've made the required number of posts. The easiest way is to click on the name of the person you want to PM, then choose 'send a private message to..' from the drop down menu. If you need any further help feel free to ask
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samui13
New Member
Zeiad
Hi all
I have now sent Zeiad an email asking exactly what he will need from us (home addresses or just email addresses) and also information on how to pay/when to pay. I have asked if we can all pay him individually so that will make life easier. I will forward his reply to you all (not on the public forum)
I have also explained that some contracts may have mortgages with them and some may have rental agreements with them.
What I propose to do, is compose an email (with all the details he requires) fully instructing him and saying I enclose copies of the contracts and forward it to everyone who is taking part.
Then, if I am away, when contracts are received, could someone (if need be) volunteer to forward the email onto Zeiad with the relevant contracts. I suggest the safest thing to do would be to copy in the group when sending the instructing the email and send one contract (who ever volunteers in my absence) and then whoever has a different contract (be it a mortgage one or a non mortgage one depending on who sends the first email) could then forward the 2nd type of contract to Zeiad in response to the first email (again copying everyone in).
I am trying to make this simple but sound like I am getting more complicated!!!!!! Fingers crossed this will happen before I leave but if in the meantime someone could volunteer to be my back up that would be good (I promise to get everything ready it would just be a case of sending the email that I already prepared and attaching the contract).
Let me know if you think of anything else (or to make it easier).
Lou
Hi all
I have now sent Zeiad an email asking exactly what he will need from us (home addresses or just email addresses) and also information on how to pay/when to pay. I have asked if we can all pay him individually so that will make life easier. I will forward his reply to you all (not on the public forum)
I have also explained that some contracts may have mortgages with them and some may have rental agreements with them.
What I propose to do, is compose an email (with all the details he requires) fully instructing him and saying I enclose copies of the contracts and forward it to everyone who is taking part.
Then, if I am away, when contracts are received, could someone (if need be) volunteer to forward the email onto Zeiad with the relevant contracts. I suggest the safest thing to do would be to copy in the group when sending the instructing the email and send one contract (who ever volunteers in my absence) and then whoever has a different contract (be it a mortgage one or a non mortgage one depending on who sends the first email) could then forward the 2nd type of contract to Zeiad in response to the first email (again copying everyone in).
I am trying to make this simple but sound like I am getting more complicated!!!!!! Fingers crossed this will happen before I leave but if in the meantime someone could volunteer to be my back up that would be good (I promise to get everything ready it would just be a case of sending the email that I already prepared and attaching the contract).
Let me know if you think of anything else (or to make it easier).
Lou
