Anyone who has ever purchased a home, knows of the many pitfalls that await a potential purchaser. These problems can easily multiply when you buy abroad, leading to increased costs and potential long-term issues with your property.
All this can be avoided by using a highly reputable property agent for the entire process and, whilst it may cost a little more than completing the process yourself, the time and eventual cost saving will more than compensate for the extra expense.
Some of the early questions you may ask about buying a property in Cyprus are likely to include ‘What is the best region or town to purchase a property in?’ and whether you decide on sea or country view, town or country, you’ll need to consider the variance in prices between the regions and the specific locations.
A property agent is likely to ask you for the reason why you are buying, whether you want quiet seclusion or want to be close to amenities, whether you’ll be a permanent resident or just a seasonal visitor or use your property for holidays or letting.
If you are looking to buy a property for an investment, the return on your capital may well depend on the type of property and the location of it. Property agents will have access to the current rental values of the various property types in different locations and be able to advise on which type will give you the best return.
The answers to these questions are likely to determine your budget and, once that is agreed, a property agent can begin the search for you and present you with many different options according to your requirements.
With your dream home or investment property decided on, this is where the best property agent will prove their worth. If you need finance to purchase your property, they will have access to the top Cypriot and European finance deals and be able to complete much of the paperwork on your behalf, presenting your finance request to the lender and arranging the valuation. There is usually a substantial amount of personal documentation required, with much of it needing to be apostilled before submission and again, they’ll be able to arrange this for you. You may need to apply for residency to be able to live long term in Cyprus and, once more, they’ll have access to immigration lawyers who will begin the process.
The legal aspects of purchase are quite straight forward, and your property agent will have lawyers that they can recommend for conveyancing. If you are not able to be present in Cyprus for the signing of documents, a limited power of attorney can be arranged to overcome this.
If you’re buying a new build, off plan, your property agent will be able to make the stage payments on your behalf and undertake the inspection visit prior to taking possession. If you’re looking to rent out your property, they are likely to already have clients waiting to move in so your investment will be providing a return almost from day one.
With so much at stake, it’s not just about choosing a property agent but choosing the right one.
At Blue Sky Houses, we believe you’ll agree that with our experience in property sales, investment and management, gained over a forty-year period by our owners, we are best placed to be your property agent of choice in what can be a bewildering market.
With access to all the elements that come together to make a successful property purchase or investment, you can be assured of selecting from the best properties the market has to offer which, coupled with our expertise, unrivalled customer service and attention to detail will lead to one of the best purchases of your life.