Direct from land owner

cameraman


Joined: 11/06/2010
Posts: 28

Message Posted:
12/06/2010 12:00

could this be the right time to invest ?



direct from land owner 8 high quality built 3 bed detached villas with pool large 900sq mtr plots show house available one 50% completed could finish within 6 months.

£135,000 (Esentepe )



email: jnolancyprus@gmail.com

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
12/06/2010 12:05

no comment!

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
12/06/2010 12:12

well, perhaps one comment

no koçan, no money!

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/06/2010 12:24

Nothing unfinished is a good investment. Nothing without title deeds that gives you proof of ownership is a good investment.



Now if it came complete with PTP and Title deeds then we would be talking of a good investment and I'd even be prepared to pay more for the guaranteed safety.



Is it the right time to invest now? Definitely not paying £135.000 for something you might never own is foolish.



Property in the TRNC regardless of all the suggestions about reunification and recognition will never be a good investment until the legal system is sorted out and people can buy knowing they. have protection under the law.



Sadly honest builders and sellers are going to suffer because of the fall in demand for property and people looking elsewhere to invest knowing that it is just too risky in the TRNC.



Support the auction tomorrow, demand changes and lets sort this mess out.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
12/06/2010 13:09

No Kocan = No Money!

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
12/06/2010 13:15

if your going to do it at least dont buy anything offplan,full stop.

cameraman


Joined: 11/06/2010
Posts: 28

Message Posted:
12/06/2010 13:42

Title deeds available from land owner who is having these properties built himself,one of which he uses as a weekend home any inspection of the property and deeds are welcome, the half finished property was never bought he was going to build all 8 and then sell.

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
12/06/2010 13:57

I stand corrected if wrong.



Is the land parcelised?



I not there is great difficulty on getting individual kocans until all the properties are sold on the site.



Is the a building permit?



If not then no water and no electric.



Who is submitting the electric project, my understanding from experience of having no electric for 4 years, IF the building permit is correctly submitted for 8 houses then the electric project has to be for same.



cameraman, you are on a hiding to nothing right now. No buyer from the UK is going to buy any of these potential homes.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/06/2010 14:18

Its the whole system that's flawed. It makes absolutely no difference that the developer has the title deeds. I want my PTP first and that will take 1-2 years. Will the developer wait that long? Then when this is approved I want simultaneously to hand over my money and get the deeds on the completed as per contract property.



Could this happen Cameraman?

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
12/06/2010 14:23

why compromise? No kocan, no money. Why accept anything less? Well, that is unless the government comes up with a workable alternative in the near future. If we keep promoting, "no kocan, no money," perhaps they'll listen? PTP in the same time it takes in Turkey and then kocan in 90 days from putting down a deposit on the basis of no kocan in 90 days then deposit back.

girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
12/06/2010 14:47

Offplan.anyone that pays up front ,after reading this forum and others ,well what can you say!





However in this case as it appears the property is near completion, so,

If buying I would pay 20% as a deposit once the villa was completed and ready for live in, and pay the rest when title is in my name. I know it means the builder doesnt get his money for a while,but he will have to wait a lot longer if they are unsold.



Also ,unlike these properties that are in final stages,why are there avertised 'off plans' that havent even been started,when there are so many unsold and incompleted properties already?

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
12/06/2010 15:17

That's an idea, put down the deposit on a finished property, live in it and pay the full amount when you get the kocan. As long as the deposit is the same as 3 years rent, should be safer than the current deal.

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
12/06/2010 17:25

Or save your money and simply don't buy. No kocan -no money.

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
12/06/2010 17:57

Nah! You're right Hector - No Kocan, No Money! I'll have to get some t-shirts made up with that on.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/06/2010 18:34

Why pay 20% as a deposit? I can see it now, this forum full of people still having handed over the deposit and got nothing!



Don't go for compromises...............no kocan, no money. Don't buy off plan.

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
12/06/2010 18:38

Can I have a T shirt please? XL

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
12/06/2010 18:59

I'll have to get a Turkish translation on the back of the T-shirt.

girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
12/06/2010 20:35

Bradus

Would hand over 20% if property is completed and I am living in it with water and electric. The 80% would be for Kocan.The builder has already built and spent money, so it would be far more in his interests to help me in getting kocan than in ripping me off.

For Offplan ,wouldnt touch with a bargepole anyway .



No kocan no money. You are right,but you know it will still happen. Couple of beers ,sunny day=show me where to sign.

Look at after all this time we still get threads , asking about buying and offplan ,or whether they should rent first !! , I

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
12/06/2010 20:54

msg1 , these scams have been tried before ? not to many gullible people left , good luck .

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
12/06/2010 21:29

Hi 'cameraman'- you need to look at the 'Homebuyers Pressure Group' website; then, if in Cyprus, go to their Tuesday arvo meetings at the 'Pia Bella Hotel' and be prepared to take all the sound and honest and helpful advice they can give you - only a mug would do otherwise!



Never believe a word that a builder/lawyer [advocate]/estate agent, or landowner, tells you.



You'd better believe it!

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
13/06/2010 09:25

No Kochan.......no money.



Do not forget the "memorandum " scam " Registration" does NOT protect your property.



You could loose your property to auction whatever you have paid over 5% or 100% until a kochan, WITH CLEAR TITLE



is in YOUR name.



Caveat Emptor.



wynyardman

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
13/06/2010 10:22

kocan yok, para yok. The only problem is that in mainland Turkish I think it means "no husband, no money." I think title deeds is "tapu."

gotavilla


Joined: 22/04/2009
Posts: 175

Message Posted:
13/06/2010 14:54

No deeds - no money! Full stop!

cameraman


Joined: 11/06/2010
Posts: 28

Message Posted:
13/06/2010 15:51

Spoke to the landowner today he said that he would give Kocan with £50,000 deposit on the 50% finished property balance to be sceduled over build and completion which would take approx 6 months.

all though there are very few honest people in this industry, we were very fortunate to get our Kocan, I know this person well and trust him, I feel deep sorrow for those who have been hurt to include good friends and would not assocciate myself with anyone who would cause missery, It was my intention to inform those who would still consider buying a property here in the TRNC that these properties are available surley people can make up their own minds they have become more streetwise and are not as venerable as so many in the past.

sloan



Joined: 24/02/2009
Posts: 808

Message Posted:
13/06/2010 15:57

To my knowledge ( and I would love to be corrected) kocans cannot be given on 50% completed buildings, nor on land that has not been officially parcellated. Take it from the many of us who have taken on face value the information that we have been given here, only to find later (to our cost) that it is not true!!! I would not advise anyone to buy here in the current climate, until there are protections on our hard earned cash.

Blackbird



Joined: 11/08/2009
Posts: 1432

Message Posted:
13/06/2010 18:50

Well said, and good advice sloan...

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
13/06/2010 20:08

life is so much simpler if you stick to NO KOCAN, NO MONEY! I can visualise a mass demonstration of builders outside parliament with banners saying "if they get NO KOCAN we get NO MONEY!" They have votes, we don't, perhaps then the government will actually process PTPs more quickly? I'm sure they could retrain all those soon to be redundant CTA staff to do the job.

Turbo


Joined: 24/12/2006
Posts: 833

Message Posted:
08/10/2010 09:57

As Malsancak said, Kocan yok, Para Yok,, they know what it means.

There is no way that you can get the kocan before the building is 100% complete, the tapu has to come out and compare blueprint/plans to end result. If its off by a few inches no kocan, even that little wall that hides the rubbish bin has to be exact. Unless he is giving you a kocan for land only with out building, buyer beware.

I was present when they inspected our place.

CJtill


Joined: 02/05/2008
Posts: 836

Message Posted:
08/10/2010 17:08

There is of course another way round the problem...

Apply for citizenship and then when you finally receive your Kimli card you dont need PTP.

Ask the developer if he is prepared to wait.

Wonder what the answer would be

Michael

pollymarples


Joined: 08/08/2010
Posts: 1778

Message Posted:
09/10/2010 08:03

Cameraman, Even if everything else is kosher, if you are a foreigner you cannot get your Kocan

without your permission to purchase and that is a long process.



No Kocan No Money



Sure he'll give you the Kocan for 50% of the money - only problem, his name is on it.

If he is telling you stories like this, run as fast as you can and don't stop till you get to Ercan Airport.

He is already lying to you.

cameraman


Joined: 11/06/2010
Posts: 28

Message Posted:
09/10/2010 10:11

He has good intentions, most reply's are very negative from those persons who appear to have had bad experiences which is understandable, my sincere sympathy goes out to all those that have suffered , I just want to help remove some of the uncertainties and return a little faith and confidence in this stagnant market

for those who intend to purchase here in the TRNC I would suggest that you see what you will get for your money, this is a private land owner with no encumbrances on the land or property.

I can email picture to interested parties also arrange a visit to show home in Esentepe which is used by the landowner as a weekend family home



Thank you all for your replies.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
09/10/2010 10:33

CJTill



as permanent residency is no longer being granted... what chance of citizenship do you think?

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
09/10/2010 11:09

cameraman/Msg 31: 'he has good intentions...'



'The road to Hell is paved with good intentions!'



Never heard that time-worn adage before, 'cameraman'?



In your msg 24, you write: 'surley people can make up their own minds they have become more streetwise and are not as venerable as so many in the past.'



It is the legal system, government, advocates, landowners, estate agents and builders who are not VENERABLE!



Under present conditions, it is the buyers; past, present and future, who are VULNERABLE!



Please try and get your facts straight, 'cameraman'!



As for the misleading drivel you are posting, how naive are you to expect already cheated forum readers not to react, and quite justifiably so, with the utmost indignation?



However, good luck to you if you succeed in reaching the type [and there are still plenty of them!] of buyer who 'doesn't want to know what goes on under the car's bonnet'!

CJtill


Joined: 02/05/2008
Posts: 836

Message Posted:
09/10/2010 11:56

If David Haye can become a citizen then surely we all have a chance.

Explain this to the developer and I feel sure he will be prepared to wait.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
09/10/2010 14:08

Yes of course... become world champ, sport a pair of trunks with the TRNC flag and then you too could become and overnight citizen.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
09/10/2010 16:14

message 31



They are all private land owners,or so they tell the customers.



Let him finish the 8 houses , so no snagging,no problems.then come back and advertise the finished villas,then the potential buyers can all go and look,and check there are no mortgages or other surprises on the land,they can check if there is a electric meter and water meter or even electric going there,and if there is a nice road,not a farm lane,make sure the toilet flushes and the crap goes out through the right pipes and not back into the shower

After all the builder has not got long to wait to sell them when he finishes them in 6 months !



As you said,the man is going to build them out of his own money.



great news then isnt it .



He should have no problem selling them all in 6 months time when he has finished them.



look forward to seeing your new post on the 9th of april 2011 !

BillyB


Joined: 19/05/2008
Posts: 436

Message Posted:
09/10/2010 16:32

cameraman, What about if I put £1000 deposit down, then nothing to pay until I get my ptp (approx 2 years) at which stage I pay the remainding fee, take possession and of course recieve full title deeds?