These are extremely bizarre days we are living, and to top it all off the Real Estate Market and Banks are making things even more difficult. You now have the option of three prices on most property listings, so which one should you choose and why? 

Please refer to our previous article Current Real Estate Market Prices Simplified to see what each price represents. 

The first price option is the infamous Bankers Check. The price that is believed by many to be  exaggerated according to a poll we ran on instagram. 84% of our voters believe that the prices are unrealistic and that properties are being overpriced when it comes to the option of paying by Bankers Check. 

The second price option we have now is Bankers Check and a partial cash payment in USD. Or some may even give an option to pay in Lebanese Lira at the rate that they themselves see fit. So is the dollar worth 3000LL or 8000LL or maybe even something in between?

The 3rd option is all in USD Cash only. This is pretty straight forward and some might even say they are getting a better deal if they are originally paid in USD of course. This option has lowered the price of some properties by 50% or you might even be able to find a better deal of 60%. 

So if you have a lot of USD stuck in the bank option one is your best bet. You can invest the money that you cannot spend into something that will help you later on. If you can spare some USD option two might be the better option for you, if the majority of your money is stuck in the bank but it is not enough to buy what you would like to buy. The cash percentage might land you something better in space or quality even. Option 3 is left mostly for the people that work abroad or live here and are still paid in USD and are looking to invest in something to better their future since prices have gone down in that respect. 

If you are looking into option one, two, or three, it is always better to have an agent help you so that you get the safest and best deal possible. 

_________________________________________

By Anis Kfoury
Real Estate Consultant
Sworn Appraiser