Selling a property in Greece, and particularly in the picturesque islands of Rhodes, Symi, Kastellorizo, Halki, Kalymnos, Karpathos, Tilos, Kos, Nisyros , etc., can be a rewarding but complex endeavor. Whether you are a local resident or an international investor, seeking expert legal assistance is crucial to ensure a smooth and legally sound transaction.

Below are the essential points and steps involved:

1.Understanding Greek Real Estate Laws and Local Regulations:

Greece has specific laws and regulations governing property transactions, including sales, transfers, and taxes. Each Greek island may have its own set of local regulations and zoning laws that must be adhered to when selling a property. It’s essential to be informed about  these regulations through your Real Estate Lawyer.

2.Engaging a Real Estate Lawyer :

Real Estate Lawyers play a vital role in Greek property transactions. They verify the legality of documents, they undertake the collection of the necessary documents, and oversee and represent you during the signing process. When selling a property, hiring an experienced Lawyer is essential to ensure that all legal requirements are met and that the transaction is executed correctly, securing your rights and minimise the risks involved.

3. Determining Property Value :

If necessary, a qualified appraiser can provide an estimation of the market value of the property.

Our law office cooperates with experienced engineers and appraisers.

4. Engineer’s Certificates:

Before listing your property for sale, it’s advisable to engage the services of a qualified engineer, in order to conduct a thorough inspection of the property and identify any structural issues or legality discrepancies that need to be addressed before the sale. The engineer will provide legal certificates regarding the legality of the property, that are necessary for the sale.

5.Navigating Taxation and Financial Matters: 

Selling real estate in Greece involves various tax obligations and financial considerations. We cooperate with experienced accountants and can offer guidance on tax implications, capital gains taxes, and any other financial aspects related to the sale.

6.Preparing Legal Documentation:

The sale of a property requires the preparation of a file of various legal documents, including the sales contract, property deeds, engineer’s certificates, tax certificates. Our law office undertakes the preparation of the legal documents that are necessary for the sale of your property.

7. List the Property:

You can choose to list the property with a real estate agent or advertise it yourself. Make sure to include accurate descriptions and photographs.

8.Addressing Potential Challenges:

Despite careful planning and preparation, challenges may arise during the selling process. Whether it’s negotiating with buyers, resolving title issues, or navigating bureaucratic hurdles, we have the expertise help address these challenges effectively

9. Preliminary Agreement :

Once the terms are agreed with a potential buyer , a preliminary sales agreement, either private or via a notary public, is usually signed with the buyer, upon the signing of which a deposit (usually 10%) is paid by the buyer. We can draft the agreement according to the specific terms and requests, in order to ensure that your rights are protected.

10.Finalizing the Sale:

Once all legal and financial aspects have been addressed, the final step is completing the sale transaction through a notary public. Our law office cooperates with experienced notaries, with whom we work on the draft of the contract in order for it to be issued according to the agreed terms of the specific transaction.

11. Registration of the Selling Contract in the competent Land Registry

Our law office overlooks the registration process in the local land registry and also in the National Land Registry , where applicable.

In conclusion, selling a property in the Greek islands of of Rhodes, Symi, Kastellorizo, Halki, Kalymnos, Karpathos, Tilos, Kos, Nisyros , etc , requires careful attention to legal, financial, and regulatory considerations. By enlisting our high quality assistance, sellers can navigate the complexities of the process with confidence and ensure a successful transaction.