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Real estate in Northern Cyprus: how to get started

The Northern Cyprus property market is one of the most active markets at the moment. People have started to discover this little piece of paradise nestled in the crystal clear waters of the Mediterranean and they want their piece. Whether you are looking to buy or trying to sell in the Northern Cyprus property market, it is important to make sure that the transaction goes through legally. Knowledge of Northern Cyprus Real Estate laws is essential when buying or selling real estate. In this market, it is important to use a real estate agent, as well as a reputable local attorney.

If you want to sell a property in the Northern Cyprus property market, you should research the title to the property to ensure that you hold a TRNC (Turkish Republic of Northern Cyprus) recognized title. There are several types of deeds that can be attached to the property. A local attorney can help you conduct a title search and ensure that the deed is recognized and that you have the legal right to sell the property. It is also the responsibility of the seller to ensure that the deed is free of liens or mortgages and that the property can be sold free and fair.

Once it has been determined that the deed is correct and that the seller can legally sell the property, it must be quoted with a North Cyprus property market agent. The agent will be available to assist both the buyer and the seller. However, each party must have their own attorney to ensure there is no conflict of interest. Once the seller and buyer have met and agreed to the terms of the sale, a contract must be drawn up and the contract must be read and approved by the lawyers for each side before it is signed by the parties. If you are the buyer, you should have your attorney do a title check to make sure you get a TRNC-recognized title and that you are free and clear of any ties. In some cases, the buyer must give their attorney power of attorney so that transactions can be completed if the buyer is not available to sign documents.

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