Be realistic about selling your property in Greece.

It is important to know how to go about selling your property in Greece if you are to succeed in this difficult economic climate. There are many properties for sale in Greece and you will probably find that there are many resale properties already on the market in your local area at the same time as you are trying to sell your own property, so you need to be realistic and sensible about the price you put on your own property and how you choose to market it.

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. 





How To Sell Your Property in Greece