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The process of buying and selling real estate in Greece is one of the most complex and demanding in all of Europe. Real estate transactions require coordination between sellers, buyers, notaries, engineers, and accountants, making their successful completion challenging and time-consuming.
In this context, a facilitator could play a crucial role. However, the economic and professional conditions in the market make this position nearly unfeasible.
Although the presence of a professional facilitator could significantly simplify the process, two main reasons exclude them from the Greek real estate market:
Low Profit Margins: The workload required for document collection, coordination of parties, and ensuring the legality of a transfer is not offset by sufficient financial compensation. The market does not allow for the existence of a specialized facilitator with a sustainable income.
Resistance from Professionals: Real estate professionals do not want third parties involved who are not directly connected to the sale or commission. However, due to the complexity of the procedures, real estate agents are often forced to take on the role of coordinator, which poses a significant time and financial risk due to the extensive effort required.
The only way to make facilitation services viable for a real estate agent, a legal professional, or a third party is through technology. titlos.com is the only platform that enables real estate professionals to provide this service without an excessive workload.
The titlos.com platform eliminates the time required for a professional to collect all necessary documents and information from the seller to prepare the property file for the buyer and their legal representatives. In this way, an agent, lawyer, or other real estate professional can act as a facilitator without sacrificing valuable time.
Automated Flow of Required Information & Documents: The system guides the seller in providing all required documents, reducing constant communication and errors.
Structured Transaction Management: All information is gathered in one central location, ensuring that the transaction progresses without delays.
Avoidance of Administrative Burden: Agents can maintain control over the process without dedicating excessive time.
Enhancing the Agent’s Experience: Agents can provide a comprehensive experience to their clients, ensuring that every stage of the transaction is executed with professionalism and accuracy, without being entangled in bureaucratic complexities.
Process Transparency for All Involved Parties:
Anyone involved in the transaction can receive an invitation from the facilitator-coordinator of the sale and gain direct oversight and updates on property details, necessary documents, and contract participants. Additionally, they can view and download only the documents relevant to them, as permitted by the platform, up until the contract closing date.
The Greek real estate market requires a way to ensure smooth transactions. The existence of a traditional facilitator is unsustainable, while real estate agents and legal professionals take on this role at a significant cost in time and effort.
The only solution is a technological platform like titlos.com, which automates and simplifies the process, making successful transactions possible with less effort and greater security.
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