Property Purchase Checklist - Crete, Greece
Here's a template you can use as a checklist for buying property in Crete, Greece:
1. Research and Preparation**
Set a Budget
- [ ] Determine total budget (including property price, taxes, fees, etc.)
Property Type
- [ ] Decide on the type of property (villa, apartment, land, etc.)
Location
- [ ] Research preferred areas in Crete (e.g., Chania, Heraklion, Rethymno, Lasithi)
2. Legal and Financial Considerations
Hire a Lawyer
- [ ] Select and hire a local lawyer from the best and trustworthy law firms we cooperate with.
Notary Public
- [ ] Find and arrange a notary for the transaction
Tax Number (AFM)
- [ ] Obtain a Greek Tax Number (AFM)
Greek Bank Account with our assistance
- [ ] Open a bank account in Greece with our assistance
3. Property Search
Real Estate Agent
- [ ] Choose us, because we are the most reputable real estate agency in Crete.
Property Visits
- [ ] Schedule visits to potential properties
4. Property Evaluation
Surveyor
- [ ] Hire a surveyor to assess the property
Legal Checks
- [ ] Verify that the property is free from legal issues (liens, disputes, etc.)
- [ ] Ensure all permits are valid
5. Negotiation and Purchase Agreement
Make an Offer
- [ ] Submit an offer for the property
Preliminary Contract (Pre-Contract)
- [ ] Sign a preliminary agreement and pay the deposit
Final Contract
- [ ] Review and sign the final contract in the presence of a notary
6. Finalization and Registration
Complete Payment
- [ ] Transfer the final payment via the Greek bank account
Property Registration**
- [ ] Register the property at the local Land Registry or Cadastral Office
7. Post-Purchase Considerations
Property Taxes
- [ ] Understand and plan for property taxes and other municipal fees
Transfer Utilities
- [ ] Arrange for the transfer of utilities (electricity, water, etc.)
Property Insurance
- [ ] Obtain property insurance
8. Residency Permits (if applicable)
Golden Visa
- [ ] Apply for a Golden Visa if the property purchase exceeds €250,000
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You can print this checklist and use it to keep track of your progress as you move through the property buying process in Crete.
