Property Purchase from DeveloperNorth Cyprus Forums Homepage Join Cyprus44 Board | Already a member? Login
Popular Posts - List of popular topics discussed on our board.
You must be a member and logged in, to post replies and new topics.
elko2
 
Joined: 24/07/2007
Posts: 4400
Message Posted:
23/11/2011 22:17 | | Join or Login to Reply | Message 1 of 9 in Discussion |
| A friend asked me to help with buying an apartment and I changed almost all the essential paragraps. In the final version the price came down from 170,000 TL to 130,000 TL. Here are the main conditions:
1. 50,000 TL deposit will be paid to the developer after the agreement has been signed and lodged with the Tapu without any encumbrance. This went smoothly today.
2. The keys will be given to the buyer within 12 months, otherwise subject to late penalty and/or reasonable rent for 500 TL per month payable at the end of every month.
3. VAT and transfer fee to be paid by the buyer, all infrastucture for telephone, water and electricity to be paid by the vendor. The buyer will pay only for the metre connections and his share of the electricity connection to the stairs and the lift.
4. The remaining 75,000 TL to be paid by the buyer to the vendor when the title deed for the flat is ready for transfer. VAT will be paid at the time of the transfer of title.
How is that for a deal?
ismet |
Turtle
Joined: 28/05/2007
Posts: 2669
Message Posted:
23/11/2011 22:22 | | Join or Login to Reply | Message 2 of 9 in Discussion |
| Your reputation must have done the trick ismet. |
Groucho
Joined: 26/04/2008
Posts: 7993
Message Posted:
24/11/2011 00:22 | | Join or Login to Reply | Message 3 of 9 in Discussion |
| The trick is not the contract it's making it stick! |
elko2
Joined: 24/07/2007
Posts: 4400
Message Posted:
24/11/2011 07:41 | | Join or Login to Reply | Message 4 of 9 in Discussion |
| Groucho,
What you say is true but most pay all the money when they get the keys and then wait and wait for the title deeds. So it helps if you keep back most of the money until title deeds.
ismet |
Groucho
Joined: 26/04/2008
Posts: 7993
Message Posted:
24/11/2011 07:52 | | Join or Login to Reply | Message 5 of 9 in Discussion |
| What if step two never happens and you have lost everything gambled at step one? |
Ozbey
Joined: 04/03/2009
Posts: 304
Message Posted:
24/11/2011 07:56 | | Join or Login to Reply | Message 6 of 9 in Discussion |
| Ismet,
50,000 TL + 75,000 TL = 125,000 TL
An even better deal than you thought for a 130,000TL property! |
elko2
Joined: 24/07/2007
Posts: 4400
Message Posted:
24/11/2011 16:48 | | Join or Login to Reply | Message 7 of 9 in Discussion |
| Groucho,
A very valid point, hence you should always buy from a company with a good record.
Ozbey,
Well spotted. We are going to pay the remaining 5000 TL in some other way rather than cash.
ismet |
Hector
Joined: 26/08/2008
Posts: 2352
Message Posted:
24/11/2011 16:59 | | Join or Login to Reply | Message 8 of 9 in Discussion |
| Why buy off plan when there are so many completed properties for sale? |
Groucho
Joined: 26/04/2008
Posts: 7993
Message Posted:
24/11/2011 17:49 | | Join or Login to Reply | Message 9 of 9 in Discussion |
| "A very valid point, hence you should always buy from a company with a good record."
I've got an old Matt Munro one... that's pretty good. 
http://www.youtube.com/watch?v=_z8aLdIejPs |
North Cyprus Forums Homepage
Join Cyprus44 Forums | Already a member? Login
You must be a member and logged in, to post replies and new topics.
|
