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Purchasing a property in Paphos

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Postby ukman » Mon May 28, 2007 6:00 am

i suggest you take a step back .get your head out of the clouds .take stock of what you are doing .you would not behave this way in uk .come for a month and see whats about .that sort of money to spend .you pick everything and then some ,dont let them presure you .you are the king .not the person who is selling the house .and the price you are paying .he should throw in a car also .take no prisoners and trust your instincts . 8) 8) 8) 8)
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Postby Cyprus Vending » Mon May 28, 2007 6:04 am

flavell5 wrote: The property is £268000 CYP.

The land has no mortgage on it - so we have been told! and we will own the freehold within 7 years and are free to sell at any time.

Claire


£268.000.00 You should be treated like a King & Queen! Haggle BIGTIME...

You will own the Freehold in SEVEN years???

What scam are they up to???

My advice - Rent First!!! Get to know the areas and find the bargains, there are loads about - esp' in Paphos.
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Postby Svetlana » Mon May 28, 2007 6:24 am

268,000 is quite a lot for the Konia area, what is the size of the property and what is the plot size? You will own the 'Freehold' immediately, well at least you will be the beneficial owner as opposed to the legal owner - and no developer can guarantee you will get your Title Deeds within 7 years. Would you care to name the developer, we may be able to advise you about them too.

Do not worry about being 'rude' when negotiating a discount, no-one is insulted by money, here, I assure you. 2000 is a ridiculously low disount; obvioulsy the previous buyer has dropped out, the developer has retained whetever deposits they have made and is now desparate to offload the property to help his cashflow. Bargain hard

How much time have you spent in Cyprus looking at property; if it were only a 3 day inspecion trip with one developer, I really would advise you to widen your search and look at other areas as well as other developers or resales.

We are not trying to put you off, but having bought several properties here, I can assure you that doing a great deal of homework can save a lot of heartache.

I am sure the develper/salesperson seemed very 'nice' :-)

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Postby nhowarth » Mon May 28, 2007 8:45 am

flavell5 wrote:The land has no mortgage on it - so we have been told! and we will own the freehold within 7 years and are free to sell at any time.


Please make sure that your independent lawyer checks this out - and also puts appropriate clauses in your contract of sale to protect your interests and confirming your right to sell at any time at no cost to yourself.

Please be aware that the more nefarious developers will tell you anything to achieve a sale. What they say, what the promise cannot be enforced legally - what really counts is what's in your contract of sale.

Joke: "How can you tell when a nefarious property developer is telling you lies?"
Answer: "His lips move".

Take care, do you homework, and take independent legal advice.

Cheers,
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Postby Steve & Dawn » Mon May 28, 2007 8:59 am

Flavell5, we followed the advice of these people when we were in your position over 2 years ago. We know exactly what your going through but listen to what they say and everthing should go without any problems :D
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Postby Peterc » Mon May 28, 2007 9:04 am

claire, at the end of the day its you that will be living there, and ultimately the price will go up. if you want the place, go ahead and buy it. just negotiate a little more and if you lose it something better will come along.
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Postby jambo » Mon May 28, 2007 10:36 am

Sorry to jump on this ,, but hey!
we must put ourselves out there..
http://www.cyprus-forum.com/viewtopic.p ... ht=#141567
they wont be ready for another 16 months ...

we are not agents, its our own project ...
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Postby clive of payia » Mon May 28, 2007 10:42 am

Listen to the thoroughly good and independent advice that is being given on here.

Do remember that some of the members of this, and indeed other similar boards, have a vested financial interest in selling other Brits properties out here so be careful. Those that give a rather rosy picture of things out here just ask them if they have any dealings with the property business out here.

Personally, if a property doesn't have title deeds don't touch it - that is what your UK solicitor would tell you - ask him.

Title deeds are going to be a real problem soon as the government is forced to resolve this issue. And guess who will be picking up the bill? yes, Johnny Foreigner. But alas too many heads are buried in the sand at the moment until it hits them.

Good luck,
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Postby jambo » Mon May 28, 2007 11:18 am

Clive you dont sound as if you like it much here ?
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Postby Peterc » Mon May 28, 2007 11:19 am

clive of payia wrote:Listen to the thoroughly good and independent advice that is being given on here.

Do remember that some of the members of this, and indeed other similar boards, have a vested financial interest in selling other Brits properties out here so be careful. Those that give a rather rosy picture of things out here just ask them if they have any dealings with the property business out here.

Personally, if a property doesn't have title deeds don't touch it - that is what your UK solicitor would tell you - ask him.

Title deeds are going to be a real problem soon as the government is forced to resolve this issue. And guess who will be picking up the bill? yes, Johnny Foreigner. But alas too many heads are buried in the sand at the moment until it hits them.

Clive agree with alot that you have said, but dont go overboard!!!!

Good luck,
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