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The Next Steps
Crete property and Crete Properties for sale in Crete, including houses for sale and Real estate Crete. Crete Villas, Cretan Traditional Houses, Village Houses. New villas, Resale properties, Building plots, land sales. In all areas including Rethymno, Apokoronas, Georgioupoli, Vamos, Chania, Kefalas, Plaka - we cover West Crete, East Crete and property for Retirement homes, Investment, Holiday Homes.
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| Planning Your Costs Summary (more detail on "The Value" page) | ||||||||||||
If we use the example from “The Value” page, you would be looking at: - Capital
Costs Total £5,800
(£483 per month or 700 Euro)
At this stage you need to work out
what you can safely spend, including the living expenses
if it’s a permanent move (see The Value page for
further details).
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| Mortgage/Finance | ||||||||||||
If you require finance to purchase your Crete property it is best to arrange it before you make a viewing trip to Greece. Contact us for details. If you are moving funds from the UK, we recommend you use a currency broker – you can save a lot of money if you get the best rates, commission free (see our “Useful Links” page). |
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| The Viewing Trip to Crete | ||||||||||||
Arrange to view a selection of Crete property once you have looked at the budget, planned what you can spend and arranged your finances. Try to decide what kind of property in Crete you would like to buy. Give some thought to where you would like to live. As soon as you have firmed up on your Crete property requirements, and planned a date to visit, please click on“Contact Us”and complete the Customer Detail/Requirement form on that page of the web-site. We can then help plan the trip and make the necessary appointments to view a selection of suitable Crete property that matches your requirements. If you are considering purchasing a
plot of land and having a house custom designed and built
you may also want us to make an appointment to meet our
architect and builders. (see Turn Key Building Service on
the Custom Design & Construction page)
Please remember that from April to
October our associates in Crete get very busy showing
clients Crete property. It is far better to book an appointment in
advance to save being disappointed and wasting your time.
Treat it as a business trip –
it’s an important decision (which you won’t regret)
– and plan to look at localities as well as properties.
Once you see what you want at the price you can afford –
it’s only a step away from that first glass of
celebratory champagne on the sunny terrace of your new Crete
property…. |
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| Purchase Procedures in Crete | ||||||||||||
These are very easy, and unlike the UK, you make a firm commitment early into the process of buying. so gazumping, long chains of buyers and sellers etc are not such a problem. It does mean that it's advisable to be ready to but when you make your viewing trip - Crete property may not wait for you to return home and get the finances together, and you could miss the dream property! |
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| The Deposit | ||||||||||||
A 10% deposit is usually required to secure your chosen Crete property. A receipt will be supplied confirming that the vendor has been instructed to take the property off the market whilst your appointed lawyer completes the purchase transaction. Upon completion, the balance of the purchase price, property taxes and legal fees will be due. |
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| The Lawyer | ||||||||||||
We recommend that a local Greek lawyer be appointed to act on your behalf. They are much cheaper, quicker and better acquainted with local laws and property planning regulations. They are also on the spot to carry out the necessary searches to reassure you of a clean title. Alternatively if you prefer to deal with a Greek lawyer based in the UK, there are several firms we can recommend. All Crete property transactions are executed before a Notary Public in the presence of the lawyers representing the contracting parties. Such representation is often effected by means of Power of Attorney, executed either before a Notary Public in Greece or before any Greek consular authority abroad. This means that the physical presence of the contracting parties is not required and can be represented by proxies. Before any transaction takes place, the lawyer representing the purchaser carries out searches with the land registry. The Notary Public will not proceed with a contract concerning a property, which does not have a clean title. Your lawyer will then pay, on your behalf, the one time purchase tax, the local community tax and lodge the official property deeds with the land registry in your name. You are then the freehold owner of your property in perpetuity. You might want to consider making a
Greek will after the purchase – it is advisable. |
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The Services | Design & Build | The Useful Links | Contact Us