CHANIA REAL ESTATE HELP & RESOURCES

What to Expect When Closing a Property Deal?

What to expect when closing a property deal. From how you get there to what you need to bring with you.

After the completion of the property buying process — negotiations, appraisals and inspection the final step is to close the deal. But what does it really happen during this final step? Here, we’ll guide you through all the details of what to expect at closing.
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What to expect when closing a property deal - Chania Real Estate
What to expect when closing a property deal - Chania Real Estate

The Closing Process.

Finalizing the Purchase

At closing, your participation involves several critical steps. The primary action is signing all legal documents, for which having an attorney is highly recommended. The most crucial document is the contract that transfers ownership of the property from the seller to you. Ensure you read all documents carefully and do not sign anything not translated into your language.

Who Is Present at Closing

Closing procedures can vary by country, but typically, the following parties are involved:

  • Notary
  • Attorney: An attorney usually represents either the buyer or the property owner. It’s advisable to have your own attorney present to ensure transparency and protect your interests.
  • Property Seller
  • Property Seller’s Real Estate Agent: If applicable.
  • Buyer: You, the property purchaser.

The closing usually takes place at the attorney’s office, with the property buyer having the right to choose the attorney. The attorney acts in the buyer’s interest, handling tasks such as preparing and ensuring all paperwork is properly signed, conducting a title check on the property, and managing the receipt and distribution of funds.

Factors That Can Lead to Closing Delays

Several factors can cause delays in the closing process:

  • Required Repairs: If the buyer’s appraiser identifies repairs that must be addressed before closing, it can cause delays.
  • Title Issues: Any uncertainty or problematic sections on the deed that need to be resolved can delay closing.
  • Missing Documents: The seller’s lack of necessary documents can also cause delays.

At ARENCORES, all properties are thoroughly evaluated, and listings are published only if all required documents are provided by the owner, minimizing the risk of delays.

Chania Real Estate Magazine - ARENCORES

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Empowered Together

With services, insights,data and know-how that span every dimension of the real estate and construction market of Chania, Crete, we design and deliver solutions for clients of every size, budget and preference.

Whether you’re a first-time buyer, seasoned investor, or property owner looking to design, renovate, build or sell, our team at ARENCOS is dedicated to delivering excellence in every aspect of your real estate and construction journey.

ARENCORES is the real estate division of ARENCOS, an architectural and engineering firm specializing in biophilic and sustainable design in Crete. As the real estate arm of Arencos, ARENCORES leverages the firm’s expertise in innovative and eco-friendly design principles to offer clients comprehensive real estate solutions.

Creating the real estate solutions of tomorrow

Understanding Property Purchase Costs in Greece

This guide is tailored for individuals contemplating the purchase of a residential property in Greece. While particularly beneficial for first-time buyers, even seasoned property investors can gain insights into the evolving buying process by understanding its key steps.

Greek Real Estate Taxation

The following section outlines the primary taxes and key considerations pertaining to the acquisition, ownership, and disposal of real estate assets in Greece. It focuses on residential, commercial, and investment properties, providing essential insights into taxation.

Residence Permits & Greece Golden Visa

This section addresses all potential questions regarding eligibility for the Greek Golden Visa program and details the procedure for obtaining a residency permit.

DISCLAIMER

The materials presented in the Greek Real Estate Data Sources and Research (REDS) guide are distributed by ARENCORES – Chania Real Estate as an information source only. While every effort has been made to ensure the accuracy and completeness of the information, no guarantee is given nor responsibility taken for errors.

As the information is for general use and not intended to serve as advice, no warranty is given in relation to the accuracy, reliability, or appropriateness of any information. The information does not constitute professional advice and should not be relied upon as such. Users are therefore encouraged to consult with their chosen professional advisers before making any decision.

We do not accept any liability for any loss or damages arising from the information or advice provided on this website or incorporated into this website by reference, or which is incurred as a result of the use of, or reliance upon, the information and advice contained on this website.

Dive into Greek Real Estate Data Sources and Research (REDS), an encompassing resource delving into the intricate nuances of Greek Property Law, Property Ownership, Real Estate Rights, and the Hellenic Cadastre registration process.

This comprehensive guide not only elucidates these fundamental concepts but also addresses crucial gaps in understanding associated liabilities for buyers, sellers, and real estate investors, offering insightful paradigms and invaluable tips.

Innovation and Intelligence

In 2014, ARENCOS established ARENCORES to facilitate property buyers’ decisions and holistically research the risks and opportunities of the Chania real estate market. Working closely with property investors, buyers and sellers ARENCORES provides professional, scientific and technical services dedicated to the Chania property market.

ARENCORES’ Chania Estate Agency services are dedicated to simplifying the understanding of the relationship between real estate intelligence, achievement and innovation.

RESTful Platform

Our RESTful platform – Chania Estate Agency consultancy – operates on a fee-for-service basis. Whether you require advice on engineering and architectural matters, inquiries at the Land Registry office (Ypothikofilakeio), dedicated property pricing valuation, or a re-evaluation of your current real estate needs, we are here to assist you.

Additionally, you may simply want to incorporate ARENCORES’ Chania Estate Agency services into your property management, long-term rental strategies, marketing efforts, or sales process.

iPRO Platform

Introducing iPRO, our state-of-the-art platform featuring exclusively curated properties for sale in Chania, listed nowhere else. Each listing comes with all necessary documents meticulously organized to guarantee a seamless process, streamline decision-making, and ensure a successful property transaction.

To gain access to this innovative platform, prospective clients are required to sign an Engagement Letter along with providing a copy of their valid ID or Passport. Experience the pinnacle of real estate selection and transaction efficiency with iPRO.

Valuation & Advisory Real Estate Services in Chania

We provide uniquely informed perspectives on real estate valuations and property consulting, leveraging rich data from the Chania real estate market and delivering consistent, reliable service.

ARENCOS

ARCHITECTURAL ENGINEERING CONSULTANCY SERVICES

ARENCORES: Looking Beyond The Obvious

Unlock the value in every dimension of your real estate in Chania, Crete. Using Big Data Analytics and Advanced research, we provide bespoke real estate services that drive superior outcomes.

Knowledgeable, transparent and tailored real estate advice.

It’s unrealistic to expect a property developer to possess expertise in every aspect of a real estate project. At ARENCORES, we recognize this and offer specialized services to meet diverse needs.

We distinguish ourselves from traditional real estate agents by prioritizing comprehensive solutions over simplistic promises. Instead of merely focusing on high sales prices and basic marketing, we emphasize accuracy and strategy in pricing to ensure successful outcomes for buyers and sellers.

With nearly 15 years of experience in the Chania property market, we bring extensive industry knowledge to the table. Our research-driven approach considers current market conditions and pricing objectives, ensuring practical expectations and realistic budgets for our clients.

Our Property Marketing strategy, “List to Sell,” is designed to align with market dynamics and pricing goals, facilitating successful real estate transactions. Additionally, we understand that needs may vary, so we offer a range of professional services tailored to your requirements:

1. Master Agent: ARENCORES oversees all aspects of property management, marketing, and sales channels.

2. My Agent: A dedicated agent exclusively works on your property and project sales.

3. Consultancy: We offer fee-for-service pricing and marketing strategy consultancy to address specific needs and challenges.

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As a property development and investment firm, our experience has helped us perfect how to maximize returns of investments by spotting the marginal gains in the Chania real estate market. 

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