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Real estate transactions in Greece are notoriously complex, involving a maze of documentation requirements, legal issues, and procedural obstacles. Unlike many developed markets where transaction coordinators facilitate the smooth transfer of properties, Greece lacks a dedicated professional who assumes this crucial role. This absence results in inefficiencies, delays, and risks for both buyers and sellers.
The property transfer process in Greece involves multiple stakeholders, each responsible for different aspects of the transaction. Once a buyer and seller agree, a substantial volume of documents must be gathered, reviewed, and approved before the final contract is signed. The required documentation varies depending on factors such as property type, ownership history, and financial obligations related to the property.
Often, these documents exist in different formats, are stored in various locations, or remain in the possession of professionals who have previously worked with the owner—or they may not yet have been issued. The burden of collecting and verifying these documents falls on the seller and their legal representatives. However, the fragmented nature of these records, combined with the lack of a standardized process, makes document collection challenging.
Without a real estate transaction coordinator, the seller must rely on multiple professionals to complete the property transfer process. These include:
Real Estate Agents: Primarily responsible for marketing the property, they often assist in gathering basic documents. Their role is crucial for a successful transaction, as they effectively oversee the process, acting as coordinators between the buyer, seller, and, at times, the notary.
Lawyers: Handle the legal due diligence and contract preparation. While they ensure compliance with legal requirements, their role is mostly reactive rather than proactive.
Civil Engineers: Certify the property’s legal compliance by preparing the electronic identity of the building and issuing completeness and energy efficiency certificates. They often handle property legalization under current regulations, draft new floor plans and topographic diagrams when required, and provide advisory support on structural integrity and energy efficiency—especially for buyers of building properties. They almost always communicate with notaries.
Accountants: Ensure that tax obligations are met but do not coordinate document collection or closely collaborate with other involved parties.
Notaries: The buyer is required to hire a notary, who drafts and validates the contract. However, notaries are not actively involved in document collection.
Given the complexity of real estate transactions in Greece and the lack of a central figure overseeing the process, a transaction coordinator’s role is both essential and valuable. Such a professional could:
Titlos.com is Greece’s leading online platform that streamlines real estate transactions, equipping agents, professionals, and sellers with the expertise needed to identify and collect the precise documents required for each unique property and seller combination.
Designed to eliminate complexities, titlos.com maps out a clear and structured process from seller to buyer while ensuring seamless coordination among all involved professionals.
One of its biggest advantages is its ability to detect hidden risks and potential legal or financial encumbrances associated with a property or seller. By identifying these issues early, sellers can resolve them before finding a buyer, ensuring a smoother transaction process.
For real estate agents, titlos.com is a valuable tool that simplifies document collection and due diligence preparation. The platform provides the necessary guidance to gather and organize the correct documents, reducing delays. As a result, transfers are completed up to six times faster compared to traditional methods.
Titlos.com is transforming the way real estate transactions are conducted in Greece, establishing a new standard that surpasses traditional, fragmented, and non-automated processes.
