Step by step guide
Posted: 08 Apr 2009 01:17
Hi, we are a family of 6 siblings who have inherited two adjacent blocks of land in Cyprus (near Maroni). We all live in Australia. We have the title deeds, and we have valuations for the two blocks. We have all, finally, agreed that the land should be listed for sale. The land is split by a road so it can be sold off in two lots, or as one lot.
After much discussion about when best to sell, we decided that we should start now because it seems that most things take a very long time to reach finality in Cyprus when it comes to legal matters (we found this out when Mum wanted to put the land in all our names!). We know our price and we are willing to wait for the market to reach it (although we'll be open to offers).
The land is agricultural between Limassol and Larnaca, about 1km from the sea and about 1km from Maroni. It may well be that the zoning could be changed at some time to allow property development, but at this stage it is agricultural.
So, my question are:
1. How to find the right lawyer/accountant/real estate agent to guide us through? (Who do we need first, second,....)
2. How can we check that this person/s will have our interests as their priority?
3. What sort of fees should we expect to pay for these professional services?
4. Is there any major benefit for one of us to go to Cyprus to move things along? or can it be dealt with adequately from here? (Is it advisable for us to have a legal representative at our end here in Australia?) And at what stage should we be there - if necessary?
Thanks for your advice.
Marina
After much discussion about when best to sell, we decided that we should start now because it seems that most things take a very long time to reach finality in Cyprus when it comes to legal matters (we found this out when Mum wanted to put the land in all our names!). We know our price and we are willing to wait for the market to reach it (although we'll be open to offers).
The land is agricultural between Limassol and Larnaca, about 1km from the sea and about 1km from Maroni. It may well be that the zoning could be changed at some time to allow property development, but at this stage it is agricultural.
So, my question are:
1. How to find the right lawyer/accountant/real estate agent to guide us through? (Who do we need first, second,....)
2. How can we check that this person/s will have our interests as their priority?
3. What sort of fees should we expect to pay for these professional services?
4. Is there any major benefit for one of us to go to Cyprus to move things along? or can it be dealt with adequately from here? (Is it advisable for us to have a legal representative at our end here in Australia?) And at what stage should we be there - if necessary?
Thanks for your advice.
Marina