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Cyprus Eastern Forum Index » Ask Nigel A Question » Selling
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Selling 
Post: #1   PostPosted: Sun Nov 26, 2017 6:45 pm Reply with quote
chrissiejones
Joined: 23 Jul 2013
Posts: 15
Pictures: 0

 
Hello Nigel. We are thinking of selling our apartment in Paralimni. We donít have title deeds but have filled all the forms in and payed the Ä10 . Iíve been told by land reg that we are trapped buyers . Can you please tell me what to do . I also have been told that the developer may have had a lone on the block .i donít know for sure itís just here say. If it is the case what can I do . Can we still sell . Thank you .
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Post: #2   PostPosted: Mon Nov 27, 2017 7:31 am Reply with quote
nhowarth
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Joined: 30 Aug 2005
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Location: Erimi, Limassol

 
Hello chrissie

If the Land Registry has advised you that you area 'trapped buyer' the your developer has a loan on the development that he hasn't repaid.

Yes - you can sell the apartment but whether someone is prepared to buy it is another matter.

As the deeds to the apartment have not been issued your buyer will need to use an 'assignment agreement' rather than the normal 'sale agreement'.

Regards,

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