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estate agent

Posted by cypssk - Created: 9 years ago
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4 replies (Showing replies: 1 to 4)

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Posted by journo-666338 - 9 years ago

One other comment.... the list of lawyers provided by the British High Commission is a list of lawyers who are English Speaking - not a list of lawyers that the High Commission either recommends or endorses...

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Posted by journo-666338 - 9 years ago

As Nigel said, look carefully at the contract proposed by the 'Estate Agents'. You could end up paying commission to several!

Also remember that if you use a 'Registered' estate agent you will be able to offset their fees against Capital Gains Tax - but if they are not registered, you can't.

There are quite a few Brits passing themselves off as Estate Agents here who don't meet the requirements to register under Cypriot law - but who sell their services on the basis that 'a Brit is more likely to look out for another Brit'. Although some are 'genuine', it's an unfortunate fact that a number appear to have taken great delight in 'ripping off' their fellow countrymen.

So again, as Nigel says....beware!

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Posted by Nigel Howarth - 9 years ago

Following on from achilleas' advice, you need to be aware that Estate Agent 'A' may charge commission even if it is Estate Agent 'B' who manages to sell your property - or even if you manage to sell it through your own efforts!

There is one Estate Agent here who will charge you if you take your property off their books and then sell it within 12 months!

It is essential that you protect your interests by taking independent legal advice from one of the law firms on the list provided by the British High Commission in Nicosia - see http://www.news.cyprus-property-buyers.com/2009/11/23/finding-lawyers-in-cyprus/id=002254

Under absolutely no circumstances should you sign any agreement with an Estate Agent until you have had it looked at by an independent lawyer.


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Posted by achilleas - 9 years ago

Yes you can. Agree their commission before they start selling for you.