Finding a Great Deal on a Paphos House

By: Kev Moore

Paphos is a not just a great Cyprus holiday resort that remains open all year round its a thriving town too. So if you are looking for property in Cyprus a Paphos house could make a solid investment indeed. Apart from all the new developments that are still springing up all over the area there are still plenty of older traditional properties becoming available. There are some real nice suburbs on the fringes of the town where you could find a traditional Paphos house or villa for sale. The pretty villages are even seeing some development as well due to the developers looking for plots further in land or away from the more expensive resort centers Despite prices of Cyprus property continuing to rise there are still some real estate bargains to be had if you know just where to look for them.

If you prefer older property there is little point in using the larger Cyprus real estate agents because they are often more interested in selling new or off plan builds. This is mainly down to the larger commissions they earn from those type of sales so they tend to push them rather than resale properties. Another issue for the Paphos house buyer to take into account is title deeds. Because houses less than around ten years old will have not yet recieved separate deeds and the banks won't lend against them. Obviously buyers raising capital against assets at home are not going to have the same problem. The best places to start your search for that Paphos house is most likely with the smaller local estate agents. This will involve a little spade work but the benefits should be well worth the effort.

There have even been several instances where Cyprus property has not even been advertised with an agent but sold literally by word of mouth. This is more often the case in some of the smaller villages so a little local knowledge could take you a long way. Again its all a matter of driving around and doing a little research before you even think about buying that Paphos house. With so much property on offer the choice can be almost bewildering so having a wish list at the outset makes good sense. The other well known secret of property buying is not to rush in and don't let yourself be pressured. If you do decide to opt for a new build Paphos house watch out for some of the usual hard sell techniques that may be employed. Don't fall for the "this is the last one" or "the prices are going up tomorrow" because there will always be another Paphos house coming onto the market.

Should you be prepared to drive a bargain there is always room for a deal. Property developers make lots of money but they need to sell houses. You never can tell, that Paphos house you have set your heart on could belong to a motivated seller. Motivated sellers are people who need to sell quickly for some reason or another. It may be that they wish to return to the U.K or even some kind of financial pressure that is compelling them to sell. The key to taking advantage of motivated sales is the ability to finance the deal quickly so having your finances in place is crucial to your success. No one is saying that people needing to sell should in anyway be taken advantage of. Rather that as a buyer you would be in a position to offer a solution to someone else's difficulties.

In a way all sellers are motivated to move property along for some reason or another or they wouldn't be on the market. Even the big Cyprus property developers will want to sell that Paphos house for the best price they can get. Ultimately however everything is there to be sold so there is always some room to maneuver. Many developers are often willing to throw in some extras such as air con and white goods in the kitchen. You can always ask because they can only say no and there are plenty of properties out there to choose from. Always be prepared to walk away from a property if you can't reach a price you are agreed upon (within reason) because there really is always another one just around the corner. If you don't let your heart rule your head you stand a good chance of finding your perfect Paphos house.

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