Informations
Real Estate Property Assignment statement
The cooperation between the property owner who wishes to sell or rent and a real estate agency is guaranteed by a special form called assignment statement. This order shall identify the owner, the particulars of the property, the price and the agency fee agreed.
This command has no time limit. The owner may sign as many orders as he wants with different real estate agencies. The payment will be made to any of the real estate offices complete the sale or rental of property.
Why to assign your property to a real estate agency:
1. Cooperation with a real estate agent ensures confidentiality in the sale or rental of property. The real estate agency check prospective purchasers or tenants and protect the owner from any hassles for several reasons. It shall inform the owner only when it comes to a serious client.
2. Selling or leasing a property requires dynamic promotion. This is possible because for each property the real estate agency invests in promoting the property.
3. Costs of dynamic promotion of the property, if its assigned to the real estate agency for advertising in newspapers, magazines and the internet does not weight in any case the owner.
Real Estate Property Order of Suggestion
Whenever a real estate agent shows a property available to the complainant, the complainant signs the Order of Suggestion, ie a contract that evidences that the suggestion was performed. At the time of signing the Order the complainant should have an ID and a Tax File Number.
Tips for prospective buyers
In the period we are the prospective buyer the property, has the upper hand. The sellers are willing to bargain the price or even make a gift warehouse or a parking lot. The banks resumed giving loans and even the Inland Revenue gives tax credits to boost demand.
The prospective buyer so can go benefit. Indeed, if it satisfies the conditions 10 below, has many chances to come out gainer.
1. A good buyer is in no hurry. The time is currently flowing to the buyer and the seller is one who suffers. The saying, whoever raped stumbles in this case translates differently. Any hurry, it loses money.
2. He knows how to haggle. There is room to bargain. A good buyer consents to the first price you hear. If nothing else, requires the seller give him a parking space or a warehouse or at least pay for connections to public utility networks (s.s do not underestimate the cost can be overcome the 2-3 thousand euro).
3. Not chasing the seller. Gone are the good old times when candidates shoppers queuing outside the offices of manufacturers. Now, vendors are chasing buyers with the rifle. The counter to purchase a property is appropriate only when it is exceptional.
4. You may search without the help of a broker. The broker representing 2% the actual value of the property while the rate levied and tax Anyone knows how to look, move independently and have enough time.
5. It is viewed as given the prices quoted in advertisements. On most cases, the prices of ads, at least 10% higher than those which are ultimately trade. The values of Ads only as indicative can be used.
6. Has an annual income of more than 30,000 euros. Truth be told, a good statement helps the prospective buyer. The procedures in the bank roll faster and easier.
7. He has cash in the tip corresponding to approximately 50% of the value of the property. Loans exceeding 75% of the value of the property, granted to difficulty and we can guarantee that the Greek government. Anyone who has half money hot and better negotiate with the seller, and coping with the bank.
8. Have stable job. In times of crisis, the fixed income (from s.s properties from a large company, etc.) works for the buyer.
9. Looking for a house, apartment or house. All interested buy an apartment two mainly used. Anyone looking for a home faces less competition something that clearly works for it.
10. Calculates the performance of the property before buying. A good buyer knows that before putting his signature, must learn how to rent house prepared to buy in order to be able to calculate the final yield. If more than 3%, you can go to market.
Why you should use an estate agent;
The majority of homeowners and properties developers with a large portfolio of Properties for sale or For Rent in Greece, are using estate agents to market effectively their properties. Moreover, in a particular market as the Greek market, during the search process of all types of property either for buy or For rent, the cooperation with real estate agent has helped countless individuals and investors to identify and finally a suitable property.
Choosing the right Real Estate broker who will manage effectively the sales process in order for you to Buy or rent on your behalf is important and it would be a circumspect.
The necessity of assessing a property
During the last decade, the unprecedented development and dissemination of mortgages and business loans, also showed the necessity of assessments as a necessary element of any loan transaction.
The assessment identifies and spells out the commercial value of the property which is one of the key elements of the process of administration.
In Greece, the identification of commercial values of the property was object and the basic parameter of various economic and political considerations and expressed piecemeal at will and without any economical criteria.
The institutionalization of the system of objective determination of values encountered, even partially, the problem, but clearly laid the foundations for the modernization, social justice in this area and compliance with applicable the European community.
Within the rational development and operation of real estate, the concept Assessment is an integral tool helps to create infrastructure and facilitate mortgage transactions.
The rapid development of the Real Estate, made numerous changes and innovations in the conventional sense of the commercial value of the property, which longer depend on many parameters, the economic orientation of society and the economic and political choices.
Today, the assessment requires complete documentation, which results from research of land and use of specific methods and valuations in some cases, a combination of economical and statistical models methods relating to risk the investment.
Of course, Greece, structured Property (Real Estate), is undergoing yet childhood or even the pre-teen age. It has become aware that existence of a documented assessment, a key point facility, but and much more to ensure the interests of the individual.
The state, but all those involved with the subject entities must contribute to the citizen to obtain the conscience in regard to the valuation of assets. This will guard against inappropriate actions, wrong choices and will certainly contribute to the mental tranquility.
Becomes quite understandable that these can not be achieved amateurism, but requires the assistance of professional valuers.
Today, the estimates reported in both the private construction (houses, blocks, etc) and professional (office buildings, stores, hotels, commercial and industrial construction, etc.). In the case of residence, he addressed the appraiser to determine how the choice of the property is correct, based on their needs, whether meets the applicable planning provisions and whether they agree with existing market values of similar properties.
Assessing a business property is more complex, and assistance of a professional appraiser has even greater value.
In commercial properties taken into account many parameters, the main which are those land uses, existing planning provisions and restrictions, location and quality of the property, the depreciation of capital, the feasibility of investment in relation to the condition and value of the property. Repeatedly seen cases in which acquired properties (especially parcels) versus high amounts, which could not be used for activities for which acquired, the prohibition of related uses.
The development of new advanced methods of valuations, combined with statistical the risk to avoid failures, adds even more value to process of assessing a property.
We have already entered an era where the Property will be developed more drafted and will follow specific guidelines, which will be result not only great experience, but also specific economical options.
Under this new phase of development of land, the contribution - involvement of the professional appraiser will be required.
All new settings in the Properties Transaction Tax
Following the enactment of new tax Law briefly made the following changes:
1. Reduced rates of real estate transfer tax to 3%. The rates are now uniform for all regions of Greece.
2. The first discharge home longer depend on the value of residence and not from the area. Specifically, the new tax-free thresholds for purchase of first house or land to build housing are as follows:
HOUSE PLOT
Single 200,000 € 50.000 €
Married 250.000 € 100.000 €
With 1 child 275.000 € 110.000 €
With 2 children 300.000 € 120.000 €
With 3 children 330.000 € 135.000 €
With 4 children 360.000 € 150.000 €
3. If the housing market, in exemption amount includes the value of a car parking space and a storage area for each surface to 20 m, where are in the same property acquired simultaneously with the same contract market.
4. Repealed the exemption for primary residence or Greek expatriates in abroad who are not resident in Greece at the time of purchase.
5. Abolished duty automatic premium and transaction fee property.
When a tax credit for eligible housing market
Before proceeding to purchase a first home, you would be satisfied if you know what is the amount for which you will be discharged well and that really is beneficiary of the exemption.
It is therefore necessary to study carefully all the answers as arising from existing legislation and directives of the Ministry Economy and Finance.
A. The provisions for the exemption apply to contracts for the purchase property if the buyer resides in Greece and falls into the following categories of beneficiaries:
a) Greek,
b) Greeks from Albania, Turkey and countries of the former Soviet Union,
c) citizens of the Member States of the European Union,
d) Recognised refugees in accordance with the provisions of PD 96/2008 (GG 152 A), and
e) third country nationals who enjoy the status of long-term resident Greece, in accordance with the provisions of PD 150/2006 (GG 160 A).
B. When is an adult and acquire housing or land in full ownership provided that the purchaser or his spouse or any minor childrenthat does not have full ownership or usufruct or habitation in a residence or a perfect slice to meet the housing needs of the family (see caution below) or right to full ownership to land or building in an ideal proportion land in the corresponding area of the building that meets the housing of needs and are in a municipal or district with a population over three thousand (3,000) people. For the purposes of the land applicable relevant planning provisions.
These apply where the buyer owns an undivided Fine rate or life interest owner or house or land and buying remainder or the title to the bare ownership or usufruct, to become owner of the entire property, and if market failure building plot, which in proskyrosi or purchase of an adjacent section land is buildable. The above exemption is provided in purchase full ownership of the entire property by both spouses.
Under the same conditions, the exemption provided to married and:
a) the widower or divorcee who has custody of minor children of family,
b) the single mother of minor children or on recognition of father, if the has custody of the children,
c) the unmarried adult who has a disability of at least 67% mentally or physically disabled or married has protected children, regardless of age, having the same disability, and
d) the surviving spouse and minor children of deceased, the name of which had approved a loan from the Workers Housing Organisation for purchase residence, granted to those heirs, regardless of whether the market made by one or all the heirs together undivided.
With the conditions the exemption are entitled to an unmarried, minor children who are deprived of both parents and placed under guardianship or under the custody of another person, designated by court order or purchase property jointly or separately purchase the separate property each.
The discharge of the unmarried is entitled to and the spouse who is separated and has filed or action divorce at least six (6) months prior to the time of purchase. If you have the custody of minor children of the family is entitled to exemption as married. If not solved the marriage by divorce within five (5) years from the market reopened exemption and paid the tax in question in accordance with the provisions paragraph 5 of this article.
ATTENTION: If the purchaser or the spouse or minor child, who own house or land, or ideal share of such transfer by onerous or cause gratuitous usufruct or the right of habitation or ideal share of residence or the land, the area of which meets at the time of transfer their housing needs, no relief before expiry period of five (5) years from the transfer of usufruct or of habitation or the ideal share. The above time is required when it transferred the ownership of land or thin ideal share.
It also does not discharge into contracts with property transfer costly event between relatives by blood or marriage first grade and between spouses.
The owners of hotels, warehouses, offices, industrial plants and generally have a purely professional roofing right of exemption. It is not considered commercial use of the property, the which the building permit or title of ownership is characterized as a residence, even if used as a professional housing.
I entitled to discharge a second time;
Exemption is provided for each new purchase of property, if:
a) the property it owns at the time of the new market purchaser, spouse or minor children do not meet the housing needs of their families.
Deemed to meet the housing needs of the buyer and families if the total area of clean surface (surface no public spaces) housing existing or possible under the planning provisions for the construction are: 70 m, be increased by 20 m for each of the first two children and 25 m the third and subsequent children.
Exceptionally, the housing needs of the customer with a disability least 67% increase from 70 m in 90 m (Article 16 Fri the 14th Law 3522/2006), and
b) Warning the buyer submit their declaration and pay off the tax corresponding to the value of the property received an exemption.
The value of the property taken is the value at the time of the new exemption. For the calculation of tax is the rates force at the time when the first free and paid off, unless the tax on the value of the property or price paid at the time of granting the exemption is first longer, so he paid the highest tax.
This exemption shall be granted to persons who were exempted from tax transfer for obtaining housing until 14.7.1980, and to persons received an exemption from inheritance or parental benefit to acquire first residence if the persons are the conditions for exemption and paid the tax in question in the case.
What if 5 years pass before the property for which I got relief
If by an act inter vivos transfer the property or created in this any real right, other than a mortgage before the end of five years, the person who transfers or is it real right shall, before the transfer or the creation of real right to submit a statement and pay off the FMA or VAT on the value of the transferred property. The value of the property obtained a value of the property at the time of the new transfer or the creation of the lien right or the declared price of transfer, if it is greater the objective value. The tax is calculated based on rates force at the time of discharge, unless the tax attributable the value of the property discharge time is longer, so he paid the highest tax.
Note that in case of discharge to both spouses in buying a property jointly, the transfer rate of a spouse to a third within five years paid the tax attributable to this figure.
What are the justifications for the exemption for the first home and when submitted;
The documents required for granting the exemption from FMA or VAT shall be submitted together with the statement FMA or VAT before signing the final contract.
Briefly presented:
a) an affirmation of N,
b) copies of income tax returns (E1) three years,
c) a copy Q9 if it was made,
d) civil status.
The Legal Service is ready to answer any question your network urge to "take advantage" of the opportunities provided by.