Who sets the apartment's price, and will the bank finance the price I ask for? | Ask Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

Who sets the apartment's price, and will the bank finance the price I ask for?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

The bank does not rely on the price written between the seller and the buyer. The bank appoints a real estate valuation expert accredited by the Central Bank to inspect the unit and determine its actual value. The bank finances the agreed percentage based on the valuation price or the sale price, whichever is lower.

Discussion

Join the discussion

Sign in to add your comment or reply to other readers.