Property Sale Keys - aegean properties

guide

the keys of a property sale

buyer’s and seller’s guide to documentation and expenses

buyer's documents

Receipts of payment of the property transfer tax for the property to be purchased from the competent Tax Registry.

A special declaration is drawn up by the notary and submitted to the competent Public Finance Service before the contract is drawn up.

In the case of tax exemption for the purchase of a first home, the buyer must provide the competent Tax Registry in addition to the transfer tax declarations and the following:

A responsible declaration stating that he has not used the right of tax exemption for the acquisition of a first home in the past and that he does not fully own another house or apartment.
Simple copies of income statements for the last 5 years.
Copy of form E9 certified by the tax office.
If he is married, he will need a certificate of marital status and sign a responsible declaration of article 8 of Law 1599/86 with the content that will be indicated by the Tax Registry
Photocopy of Passport or Police ID

buyer's expenses

Transfer Taxation. It can be of two types:

– F.M.A. equal to 3% of the higher value between the value stated in the contract and the applicable objective value of the property. It concerns properties that are not newly built.

– VAT 24%? on the commercial value of the property and concerns newly built properties offered for sale by Construction Companies and contractors.

Attorney’s Fee

The fee is optional and is affected by the extent of the service provided by the lawyer, and is determined by agreement between the buyer and the lawyer.

Notary Fee

It usually varies between 1.0% – 1.5% of the greater of the value stated in the contract and the applicable objective value of the property.

Real estate agent’s fee

What is signed on the property instruction order. The brokerage fee in buying and selling is usually 2% of the selling price for the buyer

Tax in favor of OTA

It is calculated as 3% on the amount of the Transfer Tax.

Land registry

Land registry fees include registration fees, certificates and stamp duty. Calculated at 0.475-0.575% of the value of the property stated in the contract, plus 17% value added tax (VAT)

seller's documents

Declaration in Law 4495/2017 in case of irregularities.

Tax awareness for property sale. In case there are no debts, the certificate is issued electronically via taxisnet, in any other case by the competent Tax Registry

Insurance information and certificate of non-debt through the competent IKA department, only in the case that the seller maintains a commercial business or is a legal entity of any form or participates in a company of any form in any capacity. If and as long as none of the above applies, the seller submits a responsible declaration that he is not obliged to provide insurance information, which the notary will attach to the contract.

Certificate of non-payment of property tax (TAP) from the Municipality to which the property belongs. In order to receive the TAP, the owner must submit to the competent department of the Municipality:

recent proof of D.E.H.
property ownership contract
If the transferred property is a plot of land without buildings, no TAP is required.
Title deeds of the property for sale, which are either the contract for the purchase of the property or the acceptance of inheritance in case the property came into his hands as an inheritance, gift or parental benefit. In the event that the property has come to the seller through a donation, parental benefit or inheritance after 12/31/1989, then a certificate is required from the competent Tax Registry that the donation/parental benefit/inheritance has been declared respectively and that no tax is due.
Transfer certificate to the mortgage office at the time of purchase by the current owner.
Cadastre extract (diagram and sheet) from the Cadastre service if the property is located in an area included in the Cadastre.
Responsible declaration with a visa from the competent Tax Registry in which it will be stated that the property in question is included in the E9 declaration.
A responsible declaration deemed by the competent Tax Registry in which it will be stated that the seller of the property is not liable to a declaration of large immovable property, or in the opposite case where he is liable, a corresponding certificate that the declaration has been submitted.
A responsible statement to the competent Tax Registry that the property in question has not generated income for the seller in the last five years. In the opposite case where the property was leased, a corresponding responsible declaration to the competent Tax Registry is needed that the property generated income which is included in the income declaration submitted by the seller.
A certified copy of the building permit from the competent urban planning authority, if the property was built after 14/3/1983, otherwise, presentation of a responsible declaration by both the seller and the buyer that the property was built before that date.
Certification from the competent Municipality that there are no overdue debts of the property for the contribution to land and money. Certificate of payment of the Uniform Real Estate Tax (ETAC).
In case the transferred property is a plot of land, then a topographical diagram with declarations of Law 651/1977 and Law 1337/83 is needed by the drafting engineer.
Permit of the Prefect when the property is located in an area designated as frontier.
Energy Performance Certificate where required.
Electronic property ID

seller's expenses

Engineer’s fee.

Energy inspector’s fee for drawing up the property’s Energy Performance Certificate.

Real estate agent’s fee. What is signed on the property instruction order. The brokerage fee in buying and selling is usually 2% of the selling price for the seller.

Lawyer’s Fee (optional service provision).

guide

the keys of a property sale

buyer's documents

buyer's expenses

seller's documents

seller's expenses

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