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Cyprus Property News

Sellers of property in Cyprus should be careful before employing their developer to sell their resale.

Date: 02/05/13

When property owners approach their developer with news of their intention to sell their home, the developer more often than not offers the service in finding a buyer.


Due to the fact that resales are much more attractive than off plan properties to buyers worldwide, Cypriot developers have jumped on the bandwagon with offers to “buy back” the vendors’ properties. 

On the surface it may seem like a neat solution to sign a contract with your developer, but the hard truth is very different. In reality a developer will show a resale property to one of their clients only if they cannot firstly sell one of their own properties.  Moreover the price of your resale may be inflated by as much as 30 % above the price required by the seller. Remember developers are used to even higher profit margins than 30% and will push your price down if they cannot achieve the required margin.

Quality advertising will also be lacking from the developer’s campaign. Your house or apartment will inevitably find its way into the resale folder where it will collect dust. No on-line listing, no classy photos, no exposure on international market. At Cyprus Resales we offer complete transparence of information with real properties at real prices. Your property’s voice will be heard world wide as soon as it’s listed on our award-winning websites. It is then send to the very best property portals including Rightmove.co.uk and Zagrandom.ru. In addition to this our two Russian offices in Moscow and St.Petersburg provide exclusive marketing assistance to our properties in Cyprus. 

It’s no surprise that with this array of tools Cyprus Resales has become the estate agent of choice in Paphos. If you have a property in Cyprus to sell, please complete our short on-line sellers form here:
sellers form

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