Earnest money is money put down to demonstrate your seriousness about buying a home. It must be substantial enough to demonstrate good faith and is usually between 1-5% of the purchase price (though the amount can vary with local customs and conditions). If your offer is accepted, the earnest money becomes part of your down payment or closing costs. If the offer is rejected, your money is returned to you. If you back out of a deal, you may forfeit the entire amount.
EL BATAL GROUP comes with over 30 years of experience in the Real Estate industry within the Canadian and Egyptian markets. We focus our efforts on providing our homeowners with the most relevant and lavish lifestyles. We aim to be renowned for our excellence, credibility, and expertise in the industry. Our projects are present in the East, West, and mid-Cairo, and are inspired by both western architecture and Egyptian mystique.