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Sell or Rent?

Postby S Norris » Sat Jul 27, 2013 3:27 pm

Hi, we own a 2 bedroomed unfurnished apartment on the outskirts of Paphos, it is currently for sale, we have had no offers for 2 years, things are becoming tight financially does anyone have advice? Should we furnish it and try to rent it out? If so does anyone know a really reliable provider of furniture? I am new to the forum world so please forgice me if my questions are not appropriate, we would be grateful for some help, with thanks Suki
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Re: Sell or Rent?

Postby Get Real! » Sat Jul 27, 2013 3:37 pm

Well, I guess lowering the price may attract a buyer but renting requires proper management which is hard for the landlord to manage from a distance.
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Re: Sell or Rent?

Postby bill cobbett » Sat Jul 27, 2013 3:59 pm

Yes, managing anything from anywhere distant is fraught with difficulty.

Research any local management agent very carefully cos there have been problems.

Be wary of the law in CY that tenants acquire rights if they stay for longer than a year... so make the max tenancy period a year less a day.
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Re: Sell or Rent?

Postby apc2010 » Sat Jul 27, 2013 4:12 pm

You can rent it un-furnished ...then you tend to get a better class of tenant as they have all their own stuff so less likely to leave .Also more inclined to look after the property .
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Re: Sell or Rent?

Postby Maximus » Sat Jul 27, 2013 4:51 pm

At the right price you can either sell it or rent it quickly.

what do you want to do? sell it or rent it?
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Re: Sell or Rent?

Postby Get Real! » Sat Jul 27, 2013 4:53 pm

If you’re strapped for cash you may want to get your house involved in that holiday scheme… what do you call it? :?
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Re: Sell or Rent?

Postby Cap » Sat Jul 27, 2013 5:22 pm

Get Real! wrote:If you’re strapped for cash you may want to get your house involved in that holiday scheme… what do you call it? :?


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Re: Sell or Rent?

Postby button » Sat Jul 27, 2013 6:15 pm

Steptoes do furniture and white goods packages
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Re: Sell or Rent?

Postby apc2010 » Sat Jul 27, 2013 11:37 pm

I see you also posted this on an ex-pat forum .........beware most of them are out of touch with reality ........as you can see from your question on there they are just "point scoring" against each other ...
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Re: Sell or Rent?

Postby kurupetos » Sun Jul 28, 2013 1:20 am

Find a property management agency to rent it for you.

Here's one: http://cyprusvillamanagement.com/
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