Not using Cyprus Resales Group

Other agents tend to be at a disadvantage compared to Cyprus Resales Group. We are registered, licensed, and fully insured, making us the most capable facilitators for both buyers and sellers throughout the entire sales process. Our services translate into providing an unmatched property listing, achieving the highest prices at lowered fees. We utilise cutting-edge tools like 3D virtual tours, drone media, floor plans, and professional photography to enhance our property showcases.

Not using a good lawyer

Local authorities can be slow at progressing, and lawyers add to the longevity and headache if they aren't proactive. Unfortunately, many lawyers or “so called lawyers” can easily jeopardize deals, due to lack of transparency and incompetence on their behalf. So if you want your sale to go through with minimal problems, get a reliable and experienced lawyer.

Listing your property with multiple agents 

Choosing to list exclusively with Cyprus Resales Group ensures you have all your needs met in one place. Advertising  your property with multiple agents in Paphos can inadvertently signal desperation, potentially deterring buyers. Contrary to common belief, listing with multiple agents doesn't necessarily lead to quicker sales. With modern technology and strategic marketing methods, one agent can provide as much visibility as several.

Not legalizing changes to your property

Making unauthorized property changes, such as extensions, can hinder sales due to legal complications.  The law in Cyprus is strict and if a certificate of unauthorized work has been issued, you could be put in a situation where you can't sell. It is not impossible to sell but it can limit interested people and lower the price of your property. So our advice is to not make illegal changes in the first place, get it legalized or revert them back to their legal state before selling.

Neglecting the property

Neglecting property maintenance diminishes its appeal and value. To showcase your home's full potential, upkeep is essential. Well-maintained gardens, flourishing walls, and clutter-free spaces enhance buyer interest and command higher prices.

Not using science in the art of valuations

Rightmove… We know first hand that prices on Rightmove can be very misleading and should be used with caution when trying to estimate the price of your property. Official sales data from the Cyprus Land Registry often unveils market insights not accessible to the public. This data, used by property valuers, is crucial for accurate valuation, but not all agents use this data, leading to overvaluation and subsequent market repercussions, more on that below.

Overvaluing property

While local agents should have a firm grasp of market dynamics, agents now seem to adopt a reward structure that prioritises adding a property to their portfolio above securing a sale by accepting and quoting high prices. The truth is that things rarely unfold as smoothly and as envisioned as property sellers would assume. Falling victim to overvaluation can prolong a property's time on the market, causing frustration and delays, particularly within a sales chain. 

Renting while intending to sell

Renting out your property while it's on the market is discouraged. Tenant attitudes can shift when sales negotiations intensify, potentially complicating the selling process. At the end of the day, your property is their home and no matter the relationship between tenant and landlord, they will probably be devious and will use everything at their disposal to make life difficult for you to sell when it suits them.

Selling privately 

Some may believe that selling privately is a cost-effective choice, this usually proves to be counterproductive as it often leads to sellers settling for less, even after factoring in expenses. The problem does not only lay in lack of exposure, negotiating offers, managing inquiries, and handling viewings demand significant skill, time and effort. We at Cyprus Resale Group for example use a plethora of experience and knowledge to avoid possible legal and financial pitfalls, simultaneously eliminating emotional involvement and the result is a better, safer and easier deal than a private seller could achieve on their own.

Not vacating the premisses

Maintaining a clear boundary between sellers and buyers prevents discomfort during viewings,

Sellers and buyers should be kept separate, let us do what we do best. Buyers can end up feeling uncomfortable, rushing the viewing and not getting the feel for the home. Sellers can also end up being intimidated by buyers and dispelling the wrong information leading to the deal falling through.