Selling: with or without title deeds?
Posted: 18 Aug 2017 14:41
After 10 years in Cyprus I have now been told that title deeds for my property are now available, although I have heard nothing from the developer.
However, I now have a buyer for my property and after much research I am still totally confused with regard to the issuance of the title deeds and the cost of getting them. Can anyone help with answers to the following...
1. How much can I expect the transfer fee to be on a property originally purchased for £CY152,000 (€259,707) and owned jointly with my wife.
2. If I obtain the title deeds before selling the property, will the buyer then have to pay a further transfer fee to register the title deeds in his name based on the selling price?
3. If this is the case would I be better advised to sell the property WITHOUT the title deeds (ie through the developer) and agree with the buyer to share the ultimate cost of transferring the deeds to him.
I would be grateful for any meaningful advice on this issue.
However, I now have a buyer for my property and after much research I am still totally confused with regard to the issuance of the title deeds and the cost of getting them. Can anyone help with answers to the following...
1. How much can I expect the transfer fee to be on a property originally purchased for £CY152,000 (€259,707) and owned jointly with my wife.
2. If I obtain the title deeds before selling the property, will the buyer then have to pay a further transfer fee to register the title deeds in his name based on the selling price?
3. If this is the case would I be better advised to sell the property WITHOUT the title deeds (ie through the developer) and agree with the buyer to share the ultimate cost of transferring the deeds to him.
I would be grateful for any meaningful advice on this issue.