Changes In The Greek Real Estate Market For Sellers

Change is difficult at the best of times, and in this uncertain real estate market

, these additional changes are making many people quite nervous. Real estate, however, always presents opportunity, sometimes when it is least expected. For people considering the sale of some real estate in Greece, the opportune time could be right now.

Buyers are always looking for Greece properties that are well maintained and available at a reasonable price. Recently, interest has heightened in these purchases from offshore buyers, many of whom have the cash to buy the properties outright, without having to go through the banks. Buyers in Russia, the Ukraine, Norway, Switzerland, China, and Japan are often first-time buyers for offshore properties who can afford to pay cash. People considering selling will want to look at the benefits of putting their property on the market and creating adverts that cater to this purchasing segment.

Of course, cash deals can close much more quickly than a deal that requires the buyer to obtain a mortgage. You will want to have your Greece property in tip-top shape so that when a buyer sees it, he or she will agree to purchase it. That means maintenance items such as exterior landscaping should be tidied up, walkways cleared, and exterior lighting brightened. Inside the property, ensure that everything is spotlessly clean. Clear away any personal items such as photos, mementoes, or bric-a-brac that will identify the property as yours; you want the buyer to imagine the property as their home or second home.

If you have any deferred maintenance inside the property, such as plumbing or electrical items that need repair, do this before placing the property on the market. In addition, any painting, decorating, or replacement of floors, carpets, or lighting should be done prior to taking pictures of your property so that the pictures display your property in the very best light. Wait for a day with sunshine or bright light, and consider using a wide-angle or fisheye lens, if you have those available, to include more of your property in each picture.

Perform some research to see what properties in your area are selling for and what your property has to recommend it over those properties. Make sure your description and your pictures highlight these advantages. For example, if all properties in your area have a swimming pool, but yours is larger than average, give the specific dimensions in your advert. If it is smaller than normal, just show that you have a pool to keep yourself on an even level with the other properties.

Once your advert is posted, ensure that you check it on a frequent basis, daily if possible. You will want to respond immediately to any interest in your property so you can further outline the advantages of buying your piece of Greek real estate.

by: James P Martin

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