Everything You Need To Know About Selling Your Home In Cyprus

When you are selling your property in Cyprus, knowing what is going on can make the process much easier. With the current market being so challenging for sellers, it’s no wonder that only a handful of properties will find buyers. The hard truth about real estate is this: if you want your house sold quickly and at an appropriate price, then there are certain rules needing to be followed to achieve those goals. Here are some of the things you can do to make your property stand out and sell quickly. Employing a substandard company will only harm the chances for success, so it’s important that any marketing efforts involve an international presence as well!

Choose a good agent

When deciding on an agent to sell your property in Cyprus, you should consider his experience and expertise. A good representative will make the process much easier because he is already familiar with all aspects of real estate sales, including marketing strategies that can be used for specific types of properties like yours!

You need an efficient lawyer

Your lawyer is a key player in the sale of your property. You want someone who will work hard to get things done, answer questions efficiently and be obstruction free so that you can rely on them for their expertise during this sensitive process!

When you are selling your house, the first thing on mind is a time sensitive process. But that is what makes it so tricky for homeowners who want their property sold quickly and at an appropriate price! You will need legal guidance through this confusing territory if you want to see success in real estate transactions these days.

Prepare your property

Think of the property you are about to sell as your own personal showroom. Everything should be in order before it hits the street, so that potential buyers can take one look at what makes this place special and buy right away! Declutter if necessary, anything could make the decision easier. Don’t forget these three things: walls wiped down or new paint, mopping floors sparkling clean and eye-catching photos.

Promote your property

The most important part of selling a property is choosing the right company to advertise it. Choose someone who has proven experience in advertising properties like yours and remember that, for your own satisfaction as well as theirs, this person should be able to provide reviews from past customers.

Make your property available for viewing

Visitors to your property like to see it without your presence, so plan ahead and give them access to your rooms. Most buyers prefer looking around without the owner. This can be challenging because most buyers come on weekends, and leaving your keys with neighbors can be complicated.

When selling your home, it is imperative that you provide regular access to the property. This will ensure a sale can go through and reduce any risks for buyers who might otherwise miss out on an opportunity due in part to not having enough information about what they are buying beforehand.

While it is always best to know exactly what you are getting into, renting your property while selling a home can lead to many problems. Renters are less likely than owners or buyers who want the place anyway, so they won’t care if something goes wrong with the selling process.

You will get informed about an offer

You will be informed about any offers for your Cyprus property both verbally and in writing. At this stage, you can expect that there might exist some special conditions attached to the offer which need careful discussion with their legal team before making any decisions on it whatsoever!

Payment of the reservation

When a price has been agreed upon, one month’s worth of reservation deposit is paid to cover the period between agreeing and entering the contract. This agreement signed by both buyer and seller ensures there won’t be any issues or disputes later downstream when it comes time for them to enter their purchase endgame. 

The contract of sale

When you sign the contract of sale, your lawyer will enter into a contact that is binding and sets out all terms. This includes what percentage of purchase price must be paid at signing (30%-50%), as well as the details on how this money can be delivered or collected by the buyer’s agent in case there are no difficulties with payment later down the road.

This contract of sale contains many sections outlining specific points such as where any damages become due if not fixed before the handover, who pays for them and the exact cost.

The date for completion

The date is set for completion and your lawyer must provide a tax clearance certificate to show that all taxes and bills are paid. When the deal is finally closed, both lawyers will meet at the Land Registry to make sure everything goes as planned. The seller’s lawyer will receive their payment and title deeds, or contract transferred over to them in this instance too!

Conclusion: Sell your home knowing the process!

When selling your property in Cyprus, know ahead of time what’s going on. As we saw the current market is challenging for sellers. Most properties won’t sell without following the fundamental rules of real estate and employing substandard companies or paying fees.