New or Resale?

[jeffrey Streets]

Lulworth Cove is full of Fossils....come to think of it so is Cyprus. And besides your never too old. They say sex is equivalent to a three mile run...well tell my legs that!!! Buy re-sale, I did and fell in love with the place from the beginning. I am on my own and dont intend to retire and this is my own secret hideaway. I think if I bought off plan it would have been to stressful and I couldnt put up with all the crap especially when I was not there all the time (work overseas) and besides I negoiated fittings etc with the owners that saved me a lot of hassle. I have great neighbours who look after the place.

[Veronica]

Originally Posted by jeffrey Streets

Lulworth Cove is full of Fossils....come to think of it so is Cyprus. And besides your never too old. They say sex is equivalent to a three mile run...well tell my legs that!!! Buy re-sale, I did and fell in love with the place from the beginning. I am on my own and dont intend to retire and this is my own secret hideaway. I think if I bought off plan it would have been to stressful and I couldnt put up with all the crap especially when I was not there all the time (work overseas) and besides I negoiated fittings etc with the owners that saved me a lot of hassle. I have great neighbours who look after the place.

Oy who are you calling a fossil?
HeHe

[WizzyWaz]

Hi jeffery Streets

Yes we both have enough stress in our jobs over here, the kids have grown up and left the nest so it's our time now and boy are we going to enjoy doing it.

I am pleased that you have found somewhere that you are so happy with I just wish we can find the same happiness whan we go over

Take Care
Richie

Ps Yes I remember fossils at Lulworth Cove.....also there was a fossil forest over the hill that you could go to when the range wasn't being used.

[rita-jason]

Hello Richie, Well re-sale v off plan.....this is quite a big subject to try and answer. I think title is a bigger one. There are many lovley re-sale properties and also with sellers who may drop in price to sell, but the first question to ask is are the deeds available. You could find an off plan property on a single plot, thus you will get your title deeds on completion and the property will be to your specification. Also with the more recent building regulations the property should have better insulation makeing your home cooler in summer and warmer in the winter. (once you live here you will understand) There are a number of very good smaller developers who are cheaper than the big boys and are much more attentive. If you do not have your deeds borrowing is more expensive and harder, the developer can still borrow funds against your property that you have paid him for and making any changes to your home is difficult. Title deeds take about 10years to be issued if not longer.
I hope I have not thrown a spanner in the works, but if you buy right you will sleep much better, and maybe sell a little easier when the time comes.
We sold our family run estate agency in the UK and have retired over here,(well semi-retired!)as we are now back trying to help people purchase property safely!!Hope this is of help to you,if you need more info,we can give you our email address,Best regards ,Rita & Jason Jupe

[S&MJP]

"Thus you will get your Title deeds on completion" I'm sorry but there are an awful lot of people here that would disagree and are going through court cases as we speak.
Regards Michael.

[Veronica]

The smaller developers certainly tend to give better value for money and also better customer care andafter sales service than the big ones. For this reason we use mainly the smaller developers and only turn to a selected handful of bigger ones if we cannot satiosy our clients with the smaller developers.
How ever not all small developers are trustworthy and it is essential to make sure the ones you deal with are reliable. We have ahd all the developers we deal with checked out by our solicitors, there were several that they advised us againsts using as there were court court cases pending against them.
This way we do all we cant to make sure our clients are not put in the hands of unscrupulous people. Nothing is totally foolproof but by doing as many checks as possible the chances of falling into the wrong hands is minimal.
Our aim is to make buying property here as safe and hassel free as possible.
Title deeds can take a long time to be issued but this is often ue to the slowness of the system. However individuals can go to the land registry to enquire about their title deeds and if you go often enough surprise surprise you get your title deeds much faster.
However if your developer is honourable anddoes not owe money on the land it takes around 3 to 4 years f or title deeds not 10. It is only when the developer has not done everything required of him or if he owes money on the land that it takes so long.
Also it is worth noting that the land registry are putting a new system into place which they say will speed up the issue of title deeds.(They say!!!!)

[rita-jason]

Originally Posted by S&MJP

"Thus you will get your Title deeds on completion" I'm sorry but there are an awful lot of people here that would disagree and are going through court cases as we speak.
Regards Michael.

Hi Michael,if you purchase a single plot of land,with builing permission,you should recieve your deeds on the purchase of this(regardless of wether you are ready to build on this or not,some people just buy plots and then build later on in life when they are ready)
Obviously you will need a good lawyer to oversee all paperwork,to make sure that the land has not been previously divided. You just have to be aware.
We understand that there has been a lot of problems out there,we too have been stung ourselves,hence we want to try and help others.
The Deeds issue is such an important part of purchasing-be it re-sale,off plan,
just a plot or bespoke.
Regards
Rita & Jason

[Veronica]

Originally Posted by rita-jason

Hi Michael,if you purchase a single plot of land,with builing permission,you should recieve your deeds on the purchase of this(regardless of wether you are ready to build on this or not,some people just buy plots and then build later on in life when they are ready)
Obviously you will need a good lawyer to oversee all paperwork,to make sure that the land has not been previously divided. You just have to be aware.
We understand that there has been a lot of problems out there,we too have been stung ourselves,hence we want to try and help others.
The Deeds issue is such an important part of purchasing-be it re-sale,off plan,
just a plot or bespoke.
Regards
Rita & Jason

Rita is abosutely right. If you purchase a plot of land you will recieve your title deeds as soon as the purchase is complete. The only time you may have to wait is if a large plot is being subdivided, in which case you will recieve your deeds once this has been done. This does not take very long though.
Another benefit of buying land and having a place built is that the amount you pay for your title deeds is only based on the price of the land, whereas with a house you will pay based on the value of the house as well as the land.
The downside of this is that having a house built on your own plot is very very stressful. We know several people who have done it this way (incuding Cypriots) and they all say they would not have done it had they known how stressful it could be.
However again it depends on the developer you choose to do the construction as some are easier to deal with and more obliging than others.

Veronica

[rita-jason]

Originally Posted by Veronica Kneeshaw

The smaller developers certainly tend to give better value for money and also better customer care andafter sales service than the big ones. For this reason we use mainly the smaller developers and only turn to a selected handful of bigger ones if we cannot satiosy our clients with the smaller developers.
How ever not all small developers are trustworthy and it is essential to make sure the ones you deal with are reliable. We have ahd all the developers we deal with checked out by our solicitors, there were several that they advised us againsts using as there were court court cases pending against them.
This way we do all we cant to make sure our clients are not put in the hands of unscrupulous people. Nothing is totally foolproof but by doing as many checks as possible the chances of falling into the wrong hands is minimal.
Our aim is to make buying property here as safe and hassel free as possible.
Title deeds can take a long time to be issued but this is often ue to the slowness of the system. However individuals can go to the land registry to enquire about their title deeds and if you go often enough surprise surprise you get your title deeds much faster.
However if your developer is honourable anddoes not owe money on the land it takes around 3 to 4 years f or title deeds not 10. It is only when the developer has not done everything required of him or if he owes money on the land that it takes so long.
Also it is worth noting that the land registry are putting a new system into place which they say will speed up the issue of title deeds.(They say!!!!)

Yes,what you say is quite right.
We spent most of last year vetting developers,and ended up trusting very few of them.Our solicitor was good enough to guide us to ones she deals with(but legally can't reccommend!)and now we are satisfied that we have a handfull of companies we can trust. If you need more info,have a look at

www.paphospolisproperties.com

[grumpy]

Helo Rita-Jason,

Welcome, hopefully we will meet in this goldfish bowl of Cyprus. However I would have to ask you the following.

In order to decide which developers to use. What criteria and perameters did you give your solicitor to consider? With these considerations taken into account, which developers did that then leave you with?