Selling a property in Kythera
Selling Your Kythera Property? Let’s Talk.
Kythera Properties offers expert guidance and personalized service, tailored to your unique needs.
How We Can Help:
Local Market Knowledge: We understand the nuances of Kythira’s real estate market, ensuring accurate property valuations and effective marketing strategies.
Individualized Approach: We take the time to listen to your goals and develop a customized plan for selling your property.
Effective Marketing: Our strong network and targeted marketing efforts reach a wide audience of potential buyers.
Legal Support: We navigate the legal complexities of property sales in Greece, ensuring a smooth and secure transaction.
Proven Results: We have a successful track record of helping sellers achieve their desired outcomes.
Let’s discuss how we can help you achieve your real estate goals in Kythira. Contact us today for a confidential consultation.
Steps in the process of selling your property
Establishing Legal Compliance
Greek law requires a “legality certificate” for property sales. We’ll guide you through this process, verifying ownership and ensuring your property meets all legal requirements. This includes a survey and floor plan by a civil engineer, and obtaining a Certificate of Energy Efficiency.
Valuation
We’ll visit your property to provide a competitive, realistic valuation based on current market data. To ensure accuracy, please provide us with your purchase contract or ownership certificate, building permits, and floor plans (if available).
Listing Agreement
Once we agree on the selling price and strategy, we’ll finalize the listing agreement, formalizing our partnership to sell your property.
Marketing
Our photographer will showcase your property’s best features, and we’ll create a compelling online presentation to attract potential buyers. Your propertry will be promoted on our own website as well as on some national websites.
Viewings
We’ll coordinate with you to schedule viewings at your convenience and ensure easy access for potential buyers. Leaving a key with us can expedite the process. Create a positive first impression by ensuring your property is clean, tidy, and well-maintained for each viewing. Consider addressing any minor repairs beforehand.
Negotiation
We’ll represent your interests throughout negotiations, striving for the best possible outcome for you while ensuring a fair and satisfactory agreement for all parties
Signing the preliminary contract
Once negotiations are successful, a preliminary contract detailing the terms (price, deposits, completion date, etc.) will be drafted and signed by both parties.
Signing the final contract
A public notary will handle the final legal steps to complete the sale and then the final contract is signed in the presence of the notary. When the contract is signed, the transaction will be registered at the land registry office.
Costs and fees
Be aware of typical costs, such as the costs of a new survey, engineer’s and energy certificates, Electronic Building ID, lawyer’s fees, and our agency commission.
Let Kythira Properties streamline your selling journey and maximize the value of your property.
Required documents for selling a property
The title: This document is the key proof of property ownership in Greece. While typically a notarial act, other forms, including court decisions and even oral transfers, may apply in specific situations.
Τhe deed registration certificate: the official document issued by the land registry office to the property owner after the deed is registered. It is typically attached to the original deed.
Topographical survey: a recent topographical plan including the engineer’s declarations according to the laws 651/1977 and 1337/1983, based on the state coordinates system E.G.S.A.’87.
Building Permit: An official copy of the document authorizing the construction of the property, issued by the local urban planning authority and verifying its legal status.
Building permit plans: Official copies of the architectural plans (topographical plan, site plan, sections, floor plans) submitted for the building permit, available from the archives of the urban planning authority.
TAP Certificate: A municipal document confirming that all property-related taxes have been paid, typically obtained by providing the deed, E9 tax document, and electricity bill.
Property tax certificate: This certificate, issued by the tax authority, confirms that the property has been declared in the owner’s tax filings for the past five years and that there are no outstanding property taxes. For the certificate to be valid for the sale, the property details must match those declared in tax filings. If any discrepancies exist, they must be corrected before the property is transferred. If the property has undergone legalization, the additional legalized square meters must be included in the certificate for the years following legalization.
Certificate of tax clearance: This certificate, issued by the tax authority, confirms that the property owner has no outstanding debts to any public entity. It is typically obtained online through the Ministry of Finance website with the assistance of the owner’s accountant. If any debts are discovered that prevent the issuance of the certificate, the owner can apply for a conditional tax clearance. This allows the sale to proceed if the notary withholds the outstanding debt amount from the sale proceeds, provided it doesn’t exceed the total sale price.
Energy performance certificate: An EPC rates a building’s energy efficiency on a scale from A+ to H. This certificate is mandatory for all buildings with a total area exceeding 50 square meters.
Electronic Building ID: This digital file contains comprehensive property information, including permits, plans, deeds, cadastral data, and utility information. It provides a centralized, updateable record of the property’s legal and technical status. The responsibility of compiling and uploading the property information to the digital platform rests solely with a licensed engineer.
Certificate of insurance clearance:This certificate is necessary if the seller is required to pay insurance contributions to EFKA (the public insurance organization) or if a building permit was issued under their name within the ten years preceding the sale contract.
Please note that this is not an exhaustive list of documents, and that in specific cases other paperwork may be needed to complete the transaction.
- Notary
In Greece, real estate purchases are finalized through a notarial deed, executed before a notary public who is typically chosen and paid for by the buyer. The contract is made only in Greek and must be verbally translated upon its conclusion. Also the preliminary contract can be executed before the notary public.
- Engineer
When selling your property you will need a civil engineer to prepare a topographical survey, an energy preformance certificate and the electronic building ID.
- Lawyer
While not a legal requirement, hiring a lawyer when selling property in Greece can offer valuable expertise and support. They can guide you through the entire sales process, ensure legal compliance, protect your interests, and efficiently handle all necessary formalities.
You can authorize your lawyer to handle the entire property sales process through a power of attorney. This document can be prepared and signed at a notary’s office or, if you live abroad, at the nearest Greek Consulate.
Lawyers’ fees typically range from 1% to 2% of the sales price (plus 24% VAT), depending on the services provided.
We can refer you to trusted lawyers with a proven track record of success in real estate transactions.