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Buyers Guide

It is not at all difficult to purchase your dream home in the T.R.N.C., in fact, the hardest part will be selecting a property from our extensive portfolio!

However, there are a number of lengthy in-depth checks carried out by the Ministry of Interior, mainly to determine that the property titles are free from encumbrances, this of course, is of benefit to you, the purchaser.

So what is the process for buying a freehold property?

  • Decide on a property and agree a price.

  • Contracts will then be drawn up by a solicitor, setting out the terms of sale: price, timescale, purchaser and vendor details and any other relevant conditions including the payment plan for new-build properties.
  • Signing of contracts by vendor and purchaser.
  • Purchaser provides an agreed deposit.
  • There will be an agreed payment schedule within your contract when purchasing off-plan stipulating that payments will be required at certain stages during constructing thus spreading the cost and only paying when each stage is completed.
  • Solicitor applies for your purchase permit from the Council of Ministers.
  • Once the purchase permit has been issued, the remaining balance is due from the purchaser.
  • The vendor will then sign the title deed into the name of the purchaser, stamp duty will be paid and this is known as transfer of title deeds.

THIS COMPLETES THE SALE

 

 

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