Choosing an Attorney - There is no escrow system in Greece. To complete the sale of the property, we must hire an attorney who will research titles and claims to make sure that you are purchasing the property from the rightful owner, and it is free of liens. Non-Greek residents must designate a Greek resident to receive all communication while you are out of the Greece. We will need a lawyer who will also assist you if you need a civil engineer to make sure that the land that comes with the property has appropriate zoning.

Choosing a Notary (Symvoliographos) - This individual makes sure that all paper work is in order. He or she gives the authority to sell the house and verifies that the documents will be sent to the land registry. The Symvoliographos is the most important person in the entire process. Notaries are actual lawyers, and they review the paperwork to make sure that the i's are dotted and the t's are crossed. They can make or break the sale.

Within a year, you will also need to provide proof that the funds used to buy your house were legal. If you are a foreigner, this can be done by showing the receipt for the wire-transfer. We will provide you with an experienced local notary to ensure that your transaction runs smoothly.

You may also need to declare the property on your income tax the following year for your native country if applicable.

Establishing a Bank Account in Greece - This general use bank account will be used in the property sale for wire transfer of funds and for payment of the sales price, fees and taxes. Later, you can use it as your general purpose bank account in Greece.

Greek Government Requirements - We will obtain a Greek tax (social security equivalent) number for you, known as an AFM (a-fee-me) for you. This personal document is required to complete the sale. We will also facilitate the payment of land registration fees (these fees are about 2% of the sales price) and property taxes (generally about 9% to 11% of the sales price). The buyer is responsible for all taxes involved with the transfer of property.

Deed of Sale - This deed is signed two months following the signing of the sales contract. We will insure that this document is filed property. The closing or completion of the sale, involves the signing of the deed of sale, which transfers legal ownership of a property.

At the time, payment of the balance of the purchase price, plus other costs such as the notary, lawyers' fees, and faxes are transacted.

This includes the signature of the deed of sale transferring legal ownership of a property and the payment of the balance of the purchase price, plus other payments, such as the notary's or lawyer fees, taxes, and duties (although these may be paid earlier or later).

When the necessary documents relating to a purchase have been returned to the notary or lawyer handling the sale, we will contact you and request the balance of the purchase price less the deposit.

After the deed is signed, the original copy is logged at the property registry office, and the new owner's name is entered on the registry deed. Once they give us the OK and the house is sold, the documents are sent or taken there in person to the relevant land registry so you can get the title.

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