Once you have found your dream house or apartment and you have all the relevant details like address of the property, contacts of the owner etc. your lawyer has to do the necessary titles search with regards to the property. To have titles means that one has been the legal and registered owner of the property. In Greece the seller - vendor of any property must be able to produce all titles. A property title search will be made at the relevant registry, which includes all related documentation. These searches, by virtue of the Greek law must be done by a lawyer.

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02. FOROLOGIKI ENIMEROTITA; TAX CERTIFICATION

Seller must obtain a certification of his personal current tax status that he does not owe money to the Greex Tax Authorities. This certificate must be attached to the original master copy of the contract held by the notary public.

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03. ANTIKIMENIKI AXIA; OBJECTIVE VALUE

There is a system in Greece by which the tax authorities fix an objective value to a property. Based on this, payable transfer tax is calculated.

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04. PINK SLIP

As a non-Greek resident intending to purchase with funds from abroad that were transferred to Greece, you will need to have proof of this transfer. For this you need to collect your relevant cash exchange receipts, so called pink slips, which are issued by your bank.

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05. AS A FIRST TIME HOMEBUYER

Under certain circumstances, you may be entitled to property tax reductions and / or exemption.

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06. DIKIGOROS; LAWYER

Your lawyer will come into contact with the lawyer of the seller / vendor for the main terms of the contract and further details. The lawyer and the notary public will work closely to prepare what will be termed a "final draft" of the transfer contract.

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07. SYMVOLEOGRAPHOS; NOTARY PUBLIC

It is usual practice for the purchasers to allocate their choice of notary public. The notary public is an independent party. He draws up the contract for transfer of property and the various terms and conditions contained therein.


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08. SIGNATURE OF TRANSFER OF PROPERTY CONTRACT

To sign the contract, the buyer, accompanied by his lawyer, attends the office of the notary public. The seller will also attend with his lawyer. The signed contract is final and binding to the parties involved. The presence of the lawyer is a strict prerequisite according to Greek law.

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09. FEES

After the signature the contract is stamped by the competent Bar Association accounts department and the lawyer´s fees will be payable. In total, you should expect to pay approximately 13% on top of the purchase price of the house, this includes property transfer tax, lawyer's and notary's fees as well as the fee for our agency (2% of agreed purchase price).

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10. HOW WE WORK - OUR TERMS AND CONDITIONS

As a licensed real estate agency (of which there are only very few on Aegina, so beware!), it is our duty to guide you through the procedures, when searching and finally purchasing a property. We will make sure that you will have the right lawyer to stand on your side at the transfer of the property, which must be registered with the local registry in Aegina. It is the responsibility of the lawyer to check the ownership papers of the seller. We have more than 20 years experince in this business. Our fee is 2% of the agreed purchase price of the property, payable at the transfer of the property at the notary's office.

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