As certified surveyors, property valuers and real estate agents we can assist in realizing the correct value of your property
The first step toward putting your house up for sale is to arrange a meeting to discuss the current market conditions, let us explain thoroughly the selling process in Cyprus and answer your questions.
You’ll need to have a copy of the title deeds or original contract of, the plans of the property and an accurate description of where the property is located.
Setting the list price for your home involves evaluating various market conditions and financial factors. We will help you set your list price based on:
You need to assess how long you are willing to wait for the right buyer, if you set the price too high, your house won’t be picked for viewing, Compared to other similar properties yours will simply look too expensive to be considered.
The definition of market value is: "What a buyer will pay, at a price a seller will accept." Bear in mind that potential buyers have already been shopping around, and when they see your home they'll be comparing features and financing.
The "right" price is a balance between the maximum amount the current housing market will allow, similar properties for sale in the same area and your own time limits in selling
Although you set the price, the buyer’s will determine the value. They will compare your property’s price to similar ones on the marketplace. If your price is not competitive, they'll quickly reject it and move on to the next listing.
Your home is more than bricks and mortar. It is an extension of who you are, representing your personality, style and values. That's why selling it can be both an emotional and intimidating experience. But it can also be an exciting, rewarding time as you look forward to a new home.
A listing agreement
A listing agreement is a personal service agreement between you and us describing the property to be marketed and the terms under which it is to be marketed. You are appointing our office to market the property for a specified length of time and the marketing fee along with the responsibilities of each party is agreed.
Marketing your property
Our listings executive enters the full details of your property. This profile includes everything from the location and price of your home, to multiple internal and external pictures, floor plans, and any special features it may have.
Property Magazines and Property Newspapers
We will have your property listed with a picture and details in all property magazines & supplements that are distributed with the 6 most popular English, Greek and Russian Newspapers such as Cyprus Mail, Cyprus Weekly, Cyprus Property & Home, to name but a few reaching over 500,000 readers every week!
Email
As soon as your property is listed with us, it will automatically reach tens of thousands of prospective buyers in our databases that have inquired about similar properties to yours.
Associates Offices
We work with hundreds of reputable international companies including financial services corporations and real estate organizations which introduce thousands of qualified customers to us every month.
For Sale Signs
The ‘for sale sign’ we place on your property provides additional exposure to the neighbourhood and prospects touring the area. Signs often create high quality inquiries because prospects like the area and the house and want to get a closer look inside..
Associated Selling Costs
Before you decide the selling price you need a rough idea of how much cash you will clear when the sale is completed. This can be particularly useful as you start looking for another home to buy.
From the estimated sales price, deduct the following:-:
- Payment of your current loan(s)
- Our fee
- Any prepayment penalty on your mortgage
- Solicitors fees
- Cancellation fees (if any)
- Capital Gains Tax
- Unpaid property tax
Legal Information
Once the negotiation process is over and a price has been agreed, the buyer will put down a reservation fee which is about 1% of the sale price. The reservation fee should be held by an appointed solicitor until all necessary checks are made and contracts are signed. The reservation fee shows that the buyer is committed but it is also a guarantee for the buyer that he or she will not get gazumped.
An appointment will be arranged to see your solicitor right after the reservation fee is taken. Although is not required that the seller appoints a solicitor, it is greatly recommended.
The contract is then drawn up by a solicitor, and though not limited to this list, it should include the following 7 points in order for it to be a valid contract of sale:
- Reference to the vendor
- Reference to the purchaser
- The subject matter has to be described as accurately as possible. If it does not exist at the stage of signing the contract, for example if it’s a property to be built in the future, reference to subject specifications must be determined accurately
- The purchase price
- The terms of payment
- Title deeds availability
- The delivery date and the transfer date
Remember that the legalities of this phase are very important. If you have any questions or concerns, they need to be addressed right away by your solicitor.
Capital Gains Tax
- On disposal of the property, capital gains tax will be payable at the rate of 20% on the gain with the first CY£10,000 being exempt for each person.
- On top of this allowance, the seller is entitled to a further allowance regarding the transfer fees paid, inflation rate per year, marketing fees and the cost of any additions made to the house.
- Gains from the disposal of a dwelling house are exempt up to CYP 50,000 in total if the owner resides in it continuously (more than six months every year) for at least five years prior to disposal.
- Payoff figure on your present loan(s)
- Agents fee
- Any prepayment penalty on your mortgage
- Attorney's fees, if any
- Unpaid property taxes
- Cancellation fees (if any)
- Capital Gains Tax
The transfer date
Remember that the legalities of this phase are very important. If you have any questions or concerns, they need to be addressed right away by your solicitor.
FEATURED PROPERTY : DH365PAR-GBH 
