Chris Michael Your Cyprus Property Experts !


 

Important Cyprus property tips!

Useful Cyprus Property tips from Chris Michael & his Experienced team

25 years of experience as a registered and licensed real estate agent leaves Chris Michael and his team with the knowledge for trouble-free Cyprus property purchase and they are able to advise you of any possible hiccups in your transactions that could lead you to unnecessary delays and complications with your Cyprus property.

Best investment: All Cyprus properties directly on the beach have a huge demand but unfortunately supply is minimal. Thus yielding both high resale prices and to rental return on your Cyprus property.

Middlemen or Estate Agents?: Always use a registered and licensed real estate agent as you will pay a commission to both but you will only be legally covered by the registered agent and not the nice guy you met in a local tavern or the helpful taxi driver who just happen to be the cousin, brother or uncle of the developer or seller of the Cyprus property.
A licensed agent is covered by insurance that safeguards your Cyprus property transaction both legally and professionally. To be sure that the agent you are dealing with licensed ask for him to show his registration certificate that must be in his name and not in the name of another person or company do not be fooled by the size or number of the offices that the so called agent professes to have. Please note: commissions are paid  by the buyer of the Cyprus property whether you purchase through a licensed estate agent or any of the following Cyprus property consultants, helpful friend, Cyprus property marketing companies, Cyprus property specialists etc, etc, the list goes on! You will only safeguard your important purchase legally if you deal directly with a licensed professional.


Checkpoints when buying land: Building zone/density how many sq.m. you can build, high and number of floors. Usage License what can the land be used for, building restriction, archaeological site, seashore, etc. infrastructure costs electricity, water ,roads ,etc.


Checkpoints when buying Cyprus villas / Cyprus apartments: Location, facilities  provided c/h, a/c, s/pool, furniture, etc. Quality of construction. Reliability of seller or developer. After-sales service. Extra Cost extras that you may want to add to your Cyprus property such as fixtures and fittings that could increase the price enormously, always discuss these in detail.

Cancellation fees: Selling a Cyprus property before receiving title deeds could mean that you will pay a large cancellation fee to the seller/developer. Try to minimize or eliminate this from the beginning.

Special Performance: If you don't stamp your contract of sale within max. 30 days and register it at the land registry office within max. 60 days you are not fully covered ...consult your real estate agent for full details.

Current price vs. selling potential: Since at some point in the future you may wish to sell your Cyprus property it dose not necessarily mean that a cheap Cyprus property makes a good investment again your experienced register agent will advise you on the best buy.

Financing & Currency Exchange Facilities: This could make a significant difference to the final cost of your Cyprus property. Chris Michael Estate offers various long-term payment schemes at favorable term to assist you with your Cyprus property.

 

 

 

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For more information please contact us at info@chris-michael.com.cy