North Cyprus Property

North Cyprus Property is gaining popularity. People from all over the world are searching for a little slice of heaven to call their own. If you own North Cyprus property that you would like to sell, now would be a good time. It is important that you make sure that the sell of the property is done in a legal manner and is as easy as possible for both you and the buyer. In order to ensure that everything takes place legally and correctly, you should have a real estate agent to represent your property.

Before you decide to sell a property, you should research the title deed to be sure that you hold a title that is recognized by the TRNC (Turkish Republic of Northern Cyprus) and that you have the right to sell the property. There are several types of property deeds for North Cyprus property. It is important to know the legal procedure for the type of title you hold.

It is also a good idea for both the seller and the buyer to be represented by a local attorney that has no inside interest in the property. Once the real estate agent finds a buyer, and you reach an agreement, a contract should be drawn up outlining the details of the sale. Both attorneys should review the contract before either party signs. Your attorney can advise you on which taxes or fees are the responsibility of the seller and which taxes and fees are the responsibilities of the buyer. If you have everything in order concerning the title deed, the sale should go smoothly.

You should also consider the time frame in which a final sale takes place. Before a North Cyprus property can exchange hands, the buyer must apply for permission to purchase. The complete process of obtaining this permission could take from 6-18 months, at which time; all stipulations of the contract must be met before the title is changed over to the buyer. Once both parties have completed all stipulations and permission has been given for the purchase, you or your attorney (if he has power of attorney) must meet and sign the final papers.