Pricing your property to sell
on the Greek property market.
Before selling a property in Greece it is a good idea to look at similar properties to your own in order to establish
a market price in your area of Greece. When there are more sellers than buyers and you would like to sell your property quickly
you should keep the price of your property lower than the prices of the properties already on the property market to ensure
that it will attract potential buyers. Remember the price that most properties are advertised
at is likely to be higher than the price of properties that is actually being sold. As with most things, people are looking out for
a good buy, particularly with a major investment such as buying a house. Be aware that some agents
will put a much lower price on your property than you would like simple to get a quick commission. If you
do not want to market your property in Greece yourself choose an agent that can discuss current market condition and is honest
about your chances of closing a sale.
Don’t
waste time by overpricing your property. If
a property hasn’t sold it is probably because it is overpriced. Sellers that overprice property are
the main reason that the property market becomes stagnant and those sellers soon have to reduce their property price according
to the current market conditions. Greedy sellers often make the mistake of overpricing their property
and waste valuable marketing time and sometimes miss potential buyer who have already seen their property and dismissed it
as begin too expensive.
Marketing your Property on the Internet. Nowadays, to be effective, you
really have to market your property on the Internet. It is usually the first place buyers look when they
are considering buying a property in Greece. Having your property listed on search engine friendly sites
is essential to increase your chances of getting enquiries and viewing and thus making a successful sale. Take
some good photos of your property and write a full description including your property’s unique selling points.
The Internet is immense and helps potential buyer to find your property amongst the millions of other properties for
sale in Greece. If you are using an agent make sure they have a good website.
Closing the sale of your property in Greece. Once the buyer has made an offer that the seller has accepted,
a deposit, normally 10-20% of the sale price, and a pre-sales contract can be processed by your lawyer. However, sellers should
be aware that if there are unforeseen problems with the property a buyer may choose to pull out of the sale. To
ensure that this does not happen, the seller should ask a lawyer to gather all the necessary sales documents before the property
is put on the market. Keep in contact with your buyer and your lawyer to make sure everything is on track
for the signing of the final contract.