GUIDE TO SELLING PROPERTY
Step 1 Selecting an Estate Agent Choosing the right company to market your property is the key to a successful sale, and we at EstateGreek.gr pride ourselves in being the premium estate agency in Kavala, with access to the largest demographic of potential buyers. Through our extensive pro-active marketing campaigns, we are absolutely focused with the single aim of attracting serious buyers, and then matching those buyers? needs with their ideal property. With our vast experience and knowledge, we are able to help you secure the best possible exposure and price for your property. Step 2 Accurate Valuation EstateGreek.gr believe that the key to a successful sale is to have a property advertised at the correct price, in order to attract the premium kind of interest from the premium type of buyer. Because our business is focused solely on the Kavala, our wealth of knowledge regarding the local market and the specific demands associated with this market, are the key factors when determining a realistic and accurate valuation of your property. Step 3 Presenting your property First impressions count for everything, and are key to a successful sale. It is good to consider any outstanding DIY jobs which you have been seeking to do, such as a fresh coat of paint in strategic areas, and a general declutter to give the appearance of spaciousness. EstateGreek.gr will then visit your property, and together with state of the art digital photography, and a comprehensive property description in several languages, the first stage of selling your property is complete. Step 4 Marketing your property Finding the perfect buyer for your property is our main aim, and to help us find that buyer, we have an extensive range of marketing strategies aimed at maximizing the exposure of your property using a wide range of media, including: our comprehensive website; inclusion in international property portals; extensive e mail campaigns. Step 5 Accompanied viewings All our viewings are accompanied, and in order to maximize the potential, we will use our expertise to help sell your property from the very outset. Step 6 Receiving an offer After identifying a buyer for your property, we will then work towards a realistic offer, ensuring the buyer has the ability to proceed with any agreement, and informing you of any special conditions etc. Step 7 Offer agreed Our extensive experience, and given that we are legally bound to act fairly on behalf of both parties, we can help to negotiate an agreed purchase price between the buyer and vendor, and any timescales involved with the sale. There is no legal obligation on either side at this point, until contracts are signed. Step 8 Pre-Contract A pre-contract will then be prepared and signed by both parties at the Notary Public, usually by their prospective lawyers. This commits both the buyer and seller to a price and a date for completion of the sale. At the time of signing the pre-contract, the buyer pays an agreed deposit which is usually around 10% of the purchase price. This deposit (less handling charges) is refundable in the event that the buyers? lawyer is unable satisfy himself with respect to the searches etc. However, should the buyer wish to cancel the sale for any other reason, the deposit is forfeited. Step 9 Final Contracts and Completion The Notary Public, together with the respective lawyers, will draw up the final contract prior to the completion of the process. The final contract will encompass and include all detailed information regarding the property to be sold. On the day of the Final Contract, the relevant paperwork is signed by both parties, or their respective lawyers, the balance of the agreed price is paid to the seller, and the contracts are completed.
REAL ESTATE FEE
DURING THE INDICATION OF EVERY PROPERTY, THE INDICATION OF POLICE IDENTITY & TAX IS CONSIDERED NECESSARY, ACCORDING TO LAW 4072 / 11-4-2012 FEK 86A. The Real Estate Department of our company will NOT make any suggestion of a property without the indication of police ID & TIN & without the signing of a private contract, always according to article 200 of the Law on Brokerage Agreement, which is mentioned in detail in the Government Gazette. BROKERAGE FEE is defined: Real Estate Fee From Owners For SALE PROPERTY: Commission 2% + 24% VAT on the final sale price of the property, plot, plot of land, etc., when it is located within the Prefecture of Kavala. Supply By Agreement + 24% VAT on the final sale price of the property, plot, plot, etc., when it is located outside the Prefecture of Kavala. Note: For any sale of a property with a purchase value of less than 50000 euros, the real estate fee is 1000 € + 24% VAT. Real Estate Fee From Buyers For SALE Property: Commission 2% + 24% VAT on the final sale price of the property, plot, plot of land, etc., when it is located within the Prefecture of Κavala. Supply By Agreement + 24% VAT on the final sale price of the property, plot, plot of land, etc., when it is located outside the Prefecture of Κavala. Note: For any sale with a purchase value of less than 50,000 euros, the brokerage fee is € 1000 + 24% VAT. Real Estate Fee from Owners for LEASE Property: Commission 1/2 (half rent - rent) + 24% VAT on the final rental price of the property (for residential & non-commercial use). Commission 1 (a rent - rent) + 24% VAT on the final rental price of the property (for commercial use, offices, shops, warehouses, etc.). Real Estate Fee from Renters for Property RENTAL: Commission 1/2 (half rent - rent) + 24% VAT on the final rental price of the property (for residential & non-commercial use). Commission 1 (a rent - rent) + 24% VAT on the final rental price of the property (for commercial use, offices, shops, warehouses, etc.). ATTENTION: The above prices can be adjusted in case of exclusivity of the property.
Program «My House No2»
Within August, the platform will open for new applications to the upgraded “My Home” (“Spiti Mou”) program, which provides subsidized home loans for young people aged 25 to 29. Last Friday, the relevant Joint Ministerial Decision was signed by the Minister of Social Cohesion and Family Sofia Zacharaki, the Minister of Development Kostas Skrekas, and the Deputy Minister of National Economy and Finance Nikos Papathanasis, and the program’s second phase is expected to roll out within the next 10 days. It is noted that expanding the subsidized mortgage program was a key pre-election commitment of Kyriakos Mitsotakis. For this reason, one month after the elections, the government included “My Home 2” in the second bill it submitted to Parliament, with more favorable terms, improved eligibility requirements, and a budget of €375 million (bringing the total budget for the first and second phases to €750 million). The process The procedural framework for the second phase remains unchanged. Applications are submitted directly to banks and, if approved, 75% of the loan is granted interest-free (subsidized by the Public Employment Service – DYPA), while the remaining 25% is provided by the financial institutions. This means that the final interest rate paid by the borrower for the full amount is effectively one quarter of what a normal mortgage would cost, while for families with three or more children, the loan is entirely interest-free. The subsidized loan amount can reach up to €150,000 and can be repaid over up to 30 years, while the loan can cover up to 90% of the property’s market value. The 2+1 changes The provisions proposed by the government and passed by Parliament introduce three major changes to the program’s terms and eligibility criteria, expanding its scope: Income: In particular, it was decided that the minimum income threshold of €10,000 for joining the program will also take into account any “presumed” (imputed) income. In this way, if a household declares an actual annual income of €7,000 but, together with imputed income, exceeds €10,000, it will be able to join the second phase even though it was excluded from the first. The maximum income limits (actual and imputed) are adjusted accordingly: - For unmarried young people: up to €16,000. - For couples: up to €24,000, plus €3,000 for each child (e.g., €30,000 for a family of four). - For single-parent families: up to €27,000, plus €3,000 for each child after the first. Property age: The second change concerns the age of the property. Under the first phase, the property had to have been built at least 15 years earlier. With the amendment, the 15-year period is calculated from the date the building permit was issued, not from the completion date of construction. Size: The third change relates to property size. It was clarified that the maximum limit of 150 sq.m. does not include areas listed in the purchase contract as annexes/accessory spaces. Eligible properties Following these three changes, the new “My Home” program will support loans only for properties that: - Will be used as a residence. - Have a value up to €200,000, as stated in the purchase contract. - Have an area up to 150 sq.m., excluding certain defined auxiliary spaces. - Have a building permit issued at least 15 years ago. Source: Proto Thema
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