Sweetwater Bay- Anyone Interested in swap villa for an appt + cash

unclebrin


Joined: 23/09/2010
Posts: 23

Message Posted:
05/03/2012 15:31

Hi



I own a villa on site and would be interested in a swap for an appt and cash.



If your are interested or have any further questions please email me at



Please email me at GlennWelby@gmail.com

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
05/03/2012 15:46

Do you have the title deeds to the villa and will you ask the same for the apartment?

ismet

unclebrin


Joined: 23/09/2010
Posts: 23

Message Posted:
05/03/2012 20:20

Hi



Thanks for your post.



Sweet water bay property holders have no title yet only p t p.



I was hoping ideally To Swap with another sweet water bay property holder which means we are in an equal position.



What do you think from a legal point of view?

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
05/03/2012 23:01

I will not buy anything which does not have the title deeds ready for transfer because anything can happen any time unless I am required to pay only a small deposit until the title deeds are ready. This was the situation when I bought a villa for my daughter a couple of years ago. Now they have the title deeds, safe and sound

ismet

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
05/03/2012 23:29

elko2



I agree but unclebrin wants to swop on the site he lives in now? I think? so no-one will have their deeds!



I maybe wrong?, so as he says everything would be equal? ie (no deeds for either party)?

unclebrin


Joined: 23/09/2010
Posts: 23

Message Posted:
05/03/2012 23:35

Hi



Yes basically what I am saying is that it's tough getting a property sold. If I swapped my villa for an appt plus cash I would

Have released some cash for myself whilst retaining a smaller property in the same area.



If the swap is done with someone in the same position eg no deeds but with p t p then neither party is actually any worse off.

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
05/03/2012 23:46

I understand what you are saying unclebrin, you need someone who wants to swap your villa for an apartment plus giving you the cash difference? with neither of you having deeds but with both parties having Permission to Purchase?



The problem is that Permission to Purchase is for each person for the property they have Permission to Purchase on! I don't think you can swop? I think you would both have to apply again :-(



I maybe wrong?

unclebrin


Joined: 23/09/2010
Posts: 23

Message Posted:
05/03/2012 23:48

Yes I thought that as well.



If we both have p t p already although purchased 5 Years ago is it not likely it would be granted again.

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
06/03/2012 00:03

So without PTP granted

what are you buying

or am I missing something

unclebrin


Joined: 23/09/2010
Posts: 23

Message Posted:
06/03/2012 00:17

Even with PTP, without deeds what have you bought?



I cant see you would be any worse off

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
06/03/2012 00:23

I am afraid you will need a fresh PTP but it should be granted more easily second time round (I hope).

ismet

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
06/03/2012 01:19

elko2 (mess 11)



Forever the optimist