Resale with title deeds
Posted: 17 Sep 2008 20:43
Hi Nigel,
Apologies if this topic is covered elsewhere.
Some friends are selling a villa, for which they luckily managed to obtain title deeds just after putting on the market and happily paid €7000 believing this to be a good selling point.
They currently have some interest from a Cypriot but he wishes to reduce the price considerably, first because he wants a bargain, understandably, but then when a price was agreed, he asked for a further reduction to pay for title deeds. My friend pointed out that these were included and paid for. His answer - "irrelevant, I still have to pay again"
Is this true? I thought that there was a fee to transfer, but according to the prospective buyer, he has to pay again in full. Surely if this was the case, no-one would pay for title deeds, what would be the selling point? Unfortunately, my friend's very reputable lawyer agreed with the Cypriot that this is indeed the case.
HELP! Is this really true?
Many thanks
Kate
Apologies if this topic is covered elsewhere.
Some friends are selling a villa, for which they luckily managed to obtain title deeds just after putting on the market and happily paid €7000 believing this to be a good selling point.
They currently have some interest from a Cypriot but he wishes to reduce the price considerably, first because he wants a bargain, understandably, but then when a price was agreed, he asked for a further reduction to pay for title deeds. My friend pointed out that these were included and paid for. His answer - "irrelevant, I still have to pay again"
Is this true? I thought that there was a fee to transfer, but according to the prospective buyer, he has to pay again in full. Surely if this was the case, no-one would pay for title deeds, what would be the selling point? Unfortunately, my friend's very reputable lawyer agreed with the Cypriot that this is indeed the case.
HELP! Is this really true?
Many thanks
Kate