Getting a good understanding of value is important whether you’re in the market to buy or to sell a Cyprus property. In the current climate, it can be difficult to decide on the appropriate asking price when selling a property in Cyprus. An accurate appraisal can assist you in pricing your property to sell. As a buyer and investor, it’s useful to compare the property value with the selling price before making an offer to purchase.Legalwise Property Network is proud to partner with the industry leader in Cyprus in property valuation technology, Cypriano, to offer you a high quality Property Valuation. The Cypriano Valuation Report includes property details, Title Deed details, estimated market value and area trends.
THE BENEFITS OF A VALUATION
Professional and experienced advice
- Our experienced valuers can provide you with tips on what would add value to a property, e.g. creating more outdoor living, upgrading your amenities etc.
- As professionals, valuers must meet rigorous tests of education, training and competence and follow a professional code of practice.
Avoid legal pitfalls
- Our valuers can check the title of the property, particularly for mortgages, to highlight any issues that you should be aware of, e.g. an easement (right of way) that crosses two properties might mean a neighbour could ask you to share the cost of a new road or right of way.
- A valuer can also tell you about the zoning for the property to minimize the risk of surprises after you buy the property.
- Please note, a Valuer does not replace a solicitor in providing legal advice.
Local knowledge
- A valuation provides the benefit of local knowledge about the area including nearby (and future) developments such as roading or motorway changes, etc. They’ll also let you know about a property’s subdivision potential (great if you’d like to extend or build another property on your land in the future).
Save time and money
- If you’re spending hundreds of thousands of euros on a property in Cyprus, a market valuation is money well spent. It can save you time, money and property headaches down the track.
Your bank may require one
- Many banks in Cyprus, if not all, only raise mortgages ‘conditional on a market valuation’. So if you’re really keen on a property, a market valuation is often a ‘must’.