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Okay.stating all the positives, it
must be said that Cyprus isn't perfect.there are negatives
too!
Cypriots
can't drive properly, they cook their meat way too long, some
areas of the island look like a construction site, and most
importantly, if you don't have local Cypriot knowledge and
an understanding of the full property buying process you could
have problems that may be costly.
Further,
as with ALL countries, there are good and bad business people.
Unfortunately quite a few Brits have had bad experiences that
could have been avoided! There are definite (and easy) ways
to determine if a developer is good or bad. There are specific
elements that MUST be in the contract of sale…and there
are many ways to safeguard your purchase.
The
sad fact is that many buyers don’t know what they don’t
know and thus they can’t determine if they’ve
effectively protected their investment (and their money).
Some of the
common mistakes that I've seen buyers make in the last year
are as follows:
- Buying
off-plan property that does not have building permits and
thus failing to retain title deeds. (This
causes huge problems due to the fact that it's almost impossible
to sell a property without deeds. And it's possible that
the actual property will have to be demolished).
- Putting a non-refundable deposit down on
the first property a buyer views later to realise that they
could have purchased a similar property for much
less.
- Signing a contract of sale without ensuring that
the top 8 elements to protect the buyer are present.
- Unknowingly buying a property from a developer that is
known to be late in delivery or provide poor quality
construction.
- Failing to understand the various taxes and fees
involved and underestimating the true cost of the
property.
- Committing to purchase a property at the value of XYZ
and not realising that the price of the property
changes every day due to currency fluctuations.
In some cases a property may cost £10,000 more than you
originally budgeted for due to a fluctuation in the Cypriot
Pound against Sterling.
- Buyers are unaware that many solicitors work for
the developers interests and not the buyers.
- Not knowing the difference between buying straight from
a developer, through a registered (and legal) estate agent
or buying from a marketing company (illegal) and what
option will provide you with the best service for the best
price.
- Wrongly believing that you'll be able
to buy a property off-plan and then easily sell
it on or before completion.
- Wrongly believing that you'll be able
to get enough money in rental income to easily cover
your yearly mortgage payments.
- Several other mistakes...
All
of the above mistakes can be avoided if you take the time to
do your homework and learn what to do and what not to do…
With the
good solid information provided in the comprehensive Cyprus
newsletter and other resources, you can learn how
to avoid making these costly mistakes.
My
Story....
Before I go any further, let me introduce
myself. I think that if I give you a tiny bit of background,
you'll see where I'm coming from and realise why I'm offering
this information on Cyprus.
My name
is Kim Brown and I'm a normal every-day person that works
with Cyprus buyers, investors, developers and estate agents
in an effort to bring REAL education that truly HELPS people
to achieve their desires. (I don't sell property however I
work in the industry by helping overseas property buyers save
money buying and transfering currency.
I didn't always work in this industry…
A few years back I was in IT, however something happened in
my life that affected me in a way that caused me to take a
stand and change the world!
My
in-laws lost well over £20,000 buying an overseas property!
£20,000 was a huge chunk of their life
savings. Mum and Dad had the dream of living a better life…they
worked hard, paid their taxes and when it finally came time
for them to relax and enjoy life their world fell apart.
Due to the stress and anxiety my mum is no
longer with us and my father-in-law is back in the UK living
in a mortgaged house while owning a property overseas that
he can't get rid of.
It's
events in our life like these that cause people like me to
ignite with a passion to prevent others from making the same
mistakes my in-laws made.
The sad fact is that my in-laws made mistakes
that were completely avoidable. Provided they had a source
of information that offered local information, tips, things
to avoid and ways to make the buying process easier, safer
and faster, they could have realised their dream.
(Get the
free newsletter here!)
So.... what about finding a good source
of information on the most efficient, cost effective, straightforward
way to purchase a property in Cyprus?
Well…I
searched the Internet, high street books, travel stores, tourist
literature and overseas property buying information. I could
not find anything that actually offered comprehensive REAL
information that covered all angles. There were some good
bits and bobs, but I couldn't find one resource that actually
helped with information on everything.
So…I
decided to get into the world of overseas property by starting
'The Overseas Guides Company Limited,' and Cyprus was the
first country I and my colleagues decided to tackle.
Over the
last year or so (during my 10 trips to Cyprus), I've dug deep
into the Cyprus property industry… learning what to
do, what not to do, who to trust, who not to trust, what was
dodgy and what wasn't, how things happened, when they happened,
how to make them happen easier, faster, safer…
Ultimately
I set out to help you avoid frustration, costly mistakes and
enable you to spend your time more effectively when buying
a property in Cyprus!
I've collected
information from everyone and anyone (and I mean everyone
- developers, agents, UK buyers, kebab shop owners, bar owners,
dentists, solicitors, accountants, waiters…). I've discovered
that there are definite ways to ensure that you get what you
want - whether it's your dream home, a 2nd holiday property
or for pure investment.
Contained
within the FREE Cyprus Buying Guide newsletter (and within
the Cyprus Buying Guide), you'll have access to information
that will allow you to make informed decisions.
Avoid
making the mistakes my in-laws and many others have made by
taking the time to do your homework. I can bring a horse to
water, but I can't make it drink! Please review the free newsletter
- I guarantee that there will be at least one (if not 100's)
of tips or ideas and stories that will enable you to avoid
risks, save money or make the entire process easier and more
enjoyable!
(Get the
free newsletter here!)
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