Buying or selling property, anywhere in the world, is one of the biggest financial decisions you will ever make. Whether a holiday home, permanent residence, business opportunity or plot of land it is essential that you use the services of a local agent who is experienced, knowledgeable and trustworthy.
Selling property and land in Western Crete since 2006, Your Home On Crete has built a strong reputation for efficiency, quality of service and value for money. We understand the local market and the legal issues surrounding sale and purchase and have a strong, professional team behind us. Our team speaks five languages, English, French, German, Dutch and Greek which enables us to promote your property to potential buyers throughout Europe and the rest of the world.
When you ask us to sell your property, we will visit you to take the details in order to make a description and explain the legal selling process. Our professional in-house photographer will take photos and video and - weather and area permitting - there will be also aerial photos with a drone on a clear sunny day with good visibility. These plus Google Maps and Floor Plans will be added to our website which is updated daily. We will also need to see your paperwork, building permit, topographic plan, floor plans and deeds.
Working with other agencies and social media sites including A Property in Greece, Green Acres, Mers et Demeures, Twitter, Facebook and Google Business we are able to provide world-wide coverage to reach the maximum potential market for your property. We are very good at Internet marketing where - you are not surprised to hear - > 80 / 85 % of our business comes from.
However, your house can only be sold if it has a ‘certificate of legalisation'. If not, I suggest you at least get an Engineer to tell you the costs of legalisation for your property. IE you obviously need to know this if (say) you are negotiating a sale price. The costs for this will be related to the differences between your property as it is now and what is shown on the building permit. This can be minimal and is obviously dependent on any changes you may have made and/or any changes that were made during/since construction/renovation etc.
If you haven't had the property checked, I would recommend that you do - so that if/when you find a buyer you are aware of all your selling costs. You will not necessarily have to pay the legalisation costs until you find a buyer - but you need to know the costs.
You will also need an Energy certificate and (depending on the location of your property) an updated topographic plan with references to the 'satellite co-ordinates' that are now a requirement. These two items will cost between €200 - €400 each if you don't have them now.
If you need any assistance with finding a reputable Engineer or Lawyer we would be happy to help you. We have access to lawyers and engineers who will ensure that all properties are "legal" according to the current legislation.
Our fees for selling your property are 2.5%, inclusive of 24% tax, with a minimum fee of €2000. In addition there are lawyers' fees. Fees are only payable on completion of the sale.
Just a few lines about ‘the market' at the current time ...
We have seen property prices fall ca 15% in the last few years as Greece has struggled with the economy. Prices in Crete have held up well compared with mainland Greece. Compared with (say) 10 years ago, few people come here to live permanently. However, we are still making sales despite the current uncertainty surrounding Greece - Greek exit, Brexit etc. No one is going to / should buy here if they need to sell in the next couple of years - buyers recognize that buying property here is a long term investment.
As such, I believe they are quite safe. In countries like Belgium, Holland, France etc the interest rates in the bank are so low that people prefer to invest in a property that they can use themselves or rent out to cover costs.
At the moment, budgets are quite low, mainly E150-250K with access to a pool (holiday retreats) - or villas with rental potential (as an investment). Tourism is still the main ‘industry' in this area and this year seems little different than previous years.
If you are thinking of buying or selling a property in Crete, or require any further information, please do not hesitate to contact us by phone, e-mail or call in to the office in Gerani (beside the Caldera Hotel).
We look forward to being of service to you.