Cyprus Property Forum for Buyers, Sellers & Investors

When selling a house when the Title Deeds are ready what is the best option :-

1. to purchase the Deeds and then transfer them to purchasers.

or

2. to let the purchaser purchase them.

or is there other options that are preferred / cost effective for seller ?

Thank you

That is a great link you attached Nigel, very informative, thank you.

In my contract it says under DUES ..... The Purchaser is responsible to the payment of taxes, rates due to the etc etc .... as well as
for the payment of IPT according to the law 24/80 - 2000

What is this law ? Can I view it ...

IPT

Now we are responsible for the IPT but previously it was the responsibility of the Developer (as he owned the land).

Is it a requirement that the IPT is paid back to the Developer when obtaining the Title Deeds ?

Thank you very much for the information.

Yes we were trying to save money on the Transfer fees as we are now married and know that married couples
pay less. Shame it does not apply to us :-(

Another question though ....

IPT

Now we are responsible for the IPT but previously it was the ...

Hi Nigel, further to the above advice, my husband has now had a letter to say the Title Deeds are ready.

Can we now transfer the house into both names so that we pay less for the Deeds ?

What is your advice on this matter.

Kind regards

Tina

Very good point re contract Nigel, thank you so much for your invaluable advice and quick response

I have officially retired from a small part time business I had here in Cyprus and just recieve my military pension.
I had an accountant who dealt with all my affairs, tax, social etc which have all been paid to date.

My question is that now I need to declare just my pension in order to pay my IPT ...

My husband purchased his property in his sole name 6 years ago (still awaiting Title Deeds, although have AX number)
from Kleantha Savva as a new build.
We want to transfer the contract (title) to both our names.

Question : How much would it cost to do this ? Is there any advantage we would gain in ...

Thank you for all your help Nigel

Does anyone know if getting a lawyer will help me with :-

1. Finding out from Land Registry when my Title Deeds are going to be ready.

2. Finding out what I can do as the Developer has taken out a mortgage after my contract
was signed, and it is now effecting me selling my property. The contract ...

The developer has NOT paid of the mortgage, one still exists on the complex
although I have been informed that I am 'safe' due to the fact that my contract
was signed before the mortgage was taken out.

Yes, I agree, I thought that about the estate agents, but the two I have contacted
would not even ...

I own my house, on a complex. I have no mortgage. I have a contract signed by the developer which
states there is no mortgage or any other encumbrance on the land dated 12/2006

11/2007 the developer took out a mortgage on the land of the complex.

I do not have the title deeds yet although I have ...