Why do estate agents charge a commission fee to the purchaser when they purchasing property in Crete?
Estate agents in most EU countries charge a commission fee to the purchaser, agents in Greece aren’t an exception to this. What you get for this fee differs from country to country and agency to agency, some only levy it as a basic introduction fee to show you the property and provide no other services. In Greece the ‘agency fee’ varies from 2.5% to 4% of the purchase price, ours being at the lower end of the scale at 2.5%. Unlike some other agents in Crete we look after your interest during the purchasing process, introducing you to an independent lawyer, sorting out the registration paperwork, the connection of local utility services, make contact with the local authorities and general officialdom in Crete. Because we have purchased property in Crete ourselves from a ‘foreigners perspective’ we found that one may require help long after the final contact is signed and in this regard we are unique.
