Why would you need to enter into a Deposit Agreement?
Most often than not potential buyers are coerced to sign a sale and purchase agreement with the seller from the misinformation thrown at them by the agents and other intermediaries.
But if you would like to secure the real estate and take it off the market it would be best to come to terms not to negotiate with any other party – rather than agreeing to buy the real estate in Cyprus.
YES you can agree with a third party that they will not negotiate with any other person a specific deal hence excluding the competition.
Avoid sale and purchase agreements until your due diligence is finalized and you are ready to acquire the said real estate
