How to Buy an Apartment in Ethiopia: Without a real estate agent

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We know it sounds odd to think of buying an apartment without the help of real estate agents. Even though it may not be for everyone, it is possible to buy an apartment without a real estate agent in Ethiopia. Whether you are planning to invest in a property or a first-time homebuyer, here are questions to ask when buying an Apartment without a realtor.

Should you buy a house without a real estate agent?

If you choose to go down the route of buying a house without a realtor, you will need extra work to prepare yourself for the home buying process.

1. Search for the right home for you

Start as you would with any home purchase — by scoping out your local housing market and narrowing down the list of neighborhoods to find an apartment for sale that fits your criteria. Metropolitan real estate has multiple ongoing projects like Central Tower Apartments and Westview Standard Apartments. Metropolitan Apartments gives you a comfortable and stylish living space that meets your desires.

2. Find a reliable real estate developer

Buying a home is an investment, so before you get too far down the road, it is essential to find and decide on the best which you will not regret buying in the future.  Metropolitan Real Estate is an established property development company focused on creating homes packed with functionality, convenience, and comfort for today’s modern lifestyle seeker and savvy investor. With over 20 years of experience in global real estate, the company is responsible for more than 450 large-scale projects worldwide.

3. Know what type of property you are looking for

When you decide to buy an Apartment there is this image you have on your mind correct? like how it should look, etc. Here are some of the features you have to identify and see:

  • The Exterior.
  • Bedrooms.
  • Bathrooms.
  • Living Room.
  • Elevator
  • Parking
  • Backup Generators
  • GYM
  • Shopping mall

4. Take a look at the project you are interested in.

While you think you got what you are looking for you don’t have to forget that you need to see it by yourself as you are going to spend your big money on it after all. When we talk about visiting projects of the real estate you are interested in, as for Metropolitan Real estate we take care of you and bring you to our projects by our owned vehicles guided and given of all detail explanation by our experienced sales representatives.

5. Read the contract property

Now here is the time you need to know which essential points are included in the contract you are provided. When talking about contracts, your draft contract is a short document written by the seller’s solicitor and covers basic information about the prospective sale.

6. Close the deal

Closing on the home involves plenty of paperwork. Make sure you’ve reviewed all contracts and forms.

  1. Perform due diligence. Timely due diligence will be a decisive factor when finalizing a real estate deal.
  2. Avoid critical mistakes. Delays are one of the major roadblocks in the path of a successful deal.
  3. Follow best industry practices.
  4. Negotiating effectively.

Note: The information on this page is not intended to be legal advice. Before making a home purchase without an agent in Ethiopia, you should consult a licensed and qualified real estate attorney.

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