Imagine that buying real estate in Northern Cyprus is a kind of journey into uncharted territory, where your reliable companion will be none other than the purchase and sale agreement. And if you add an experienced lawyer to this company, then the adventure promises to be not only successful, but also exciting.
1. We explore the territory: a detailed description of the property
Every journey begins with a map. In our case, the map is a detailed description of the property. The list of property characteristics should be so detailed that you can imagine it with your eyes closed: from the size of the plot to the number of bathrooms where you will sing your favorite hits in the shower.
2. Planning expenses: there is no discount coupon, but...
Price and payment terms are your travel budget. They should be indicated clearly and understandably, like the cost of a ticket to heaven. Remember, in the real estate world they don't give out discount coupons, but a good bargain can become your personal promotional code.
3. Getting to the point: when the keys to the house are your passport
Transfer clauses are similar to the visa process: they determine when and how you will officially become the owner of your own corner of Northern Cyprus. Make sure that your “passport” to a new life will be issued without delay and in perfect order.
4. Travel insurance: about the fine print and unforeseen circumstances
The contract must contain clauses that will protect you from “loss of luggage.” In our case, from discovering shortcomings after the transaction. Have your attorney review every “fine print” to ensure your property doesn’t turn into a “hotel for an hour” for unexpected problems.
5. We check the luggage: are all the documents in place?
Make sure that your property has all the “documents in order” and is ready to “fly” to a new owner. Your legal pilot (read: lawyer) should conduct a thorough pre-flight review of all permits and legal requirements.
6. Navigator according to local traditions: when a lawyer acts as a guide
Your legal advisor is not only your advocate in court, but also your personal guide to local legal traditions. He will tell you about all the “tourist traps” and help you avoid “unforeseen excursions” into the depths of Northern Cypriot legislation.
7. Last check before departure: who pays the fuel surcharge?
Don’t forget to clarify who pays the “fuel surcharge” - in our case, all related costs and commissions. After all, it will be unpleasant to find additional payments on the “on-board screen” that you had no idea about.
8. Right of refusal: when can you return a ticket?
Sometimes a trip may not go as planned, and it is important to know how you can “check in” without loss. Your contract should contain a clear “cancellation policy” that allows you to back out with minimal loss.
9. Flexi tariffs: when flexibility is your best ally
In the world of real estate, as in aviation, it is sometimes useful to have “flexi rates”. Discuss with the seller the possibility of flexible payment terms to make your financial flight as comfortable as possible.
10. All aboard: sign the contract
After all the “pre-flight checks” have been completed, it’s time to “get on board” - sign the contract. Remember that your legal escort is your parachute in case of unforeseen circumstances. Make sure it is in place and ready to use.
Buying property in Northern Cyprus is a journey in which it is important not to lose your sense of humor and remain optimistic. After all, this is one of the most exciting adventures of your life that will lead you to a new home, new memories and perhaps new friends on the island. And remember, a properly executed contract is not only a document, but also your ticket to a future full of sun, sea and Mediterranean hospitality.
