Why buy with us?
Venturing on the journey of homeownership is a pivotal moment in life, and having the right guidance can make all the difference. At Chase Real Estate Corfu, we bring a wealth of experience and expertise to ensure you not only find your dream home but also secure it at the best possible price.
Our team boasts an in-depth understanding of the local real estate landscape, granting us access to exclusive off-market properties and insider knowledge of upcoming listings. We pride ourselves on our keen eye for detail, discerning quality craftsmanship, and recognizing the subtle factors that influence a property’s true value.
We’re committed to listening attentively to your needs and helping you make an informed decision. Our dedicated approach extends beyond the initial search – we’ll be your steadfast advocates throughout the entire purchasing process. From sourcing to price negotiations and everything in between. Our goal is to deliver an outstanding property buying experience, leaving you thrilled with both the journey and your new acquisition.
your new acquisition.
Ready to start your home-buying journey? Reach out to us today to schedule a consultation. Let Chase Real Estate Corfu guide you towards your perfect Corfu home.
The first step in finding your dream property is understanding your needs and preferences. We take the time to get to know you and your requirements through a personalised phone or Zoom consultation. This allows us to gain a deeper understanding of what you’re looking for in a property and provide expert guidance on the best locations and options available to you.
Upon confirmation of your requirements, we will initiate the property sourcing process. This comprehensive search will involve reviewing our own extensive portfolio, as well as leveraging our relationships with the largest property companies on the Island of Corfu to access the majority of available property on the market.
Due to the current high demand, we typically commence our search two weeks prior to your arrival to ensure timely access to properties before they are snapped up. We will curate a selection of suitable properties and present them to you for review.
Once you have narrowed down your preferences, we will pre-arrange and schedule viewing appointments with one of our experienced agents accompanying you throughout the viewing process.
Once we find a property of interest, we will assist with the negotiations and preparation of private agreements – More information below.
As part of our comprehensive service, we will provide you with introductions to our network of trusted professionals, including lawyers, engineers, and notaries, to educate you on the conveyancing process. Throughout the transaction, we will remain actively involved, ensuring that you receive expert guidance and support at every stage, and that all necessary advice and guidance is provided to facilitate a smooth and successful transaction.
Subsequent Steps Following Price Agreement
Step 1: Private Agreement and Reservation Deposit
Once a mutually agreed-upon price is established, our company will draft a private agreement, which will be signed by all parties involved, including you and the seller, with Chase Real Estate Corfu acting as the intermediary. A reservation deposit of €5,000 will be paid to our business account, securing the property and removing it from the market.
Step 2: Due Diligence and Legal Checks
Upon signing the reservation agreement, your lawyer and the seller’s lawyer will collaborate to conduct necessary legal checks and gather relevant documents. Please note that if any unforeseen issues arise during this period, you have the right to cancel the agreement and receive a full refund of your deposit.
Step 3: Engineer’s Report and Property Inspection
Once legal checks are complete, you will instruct an engineer to conduct a thorough inspection of the property, including reviewing mechanical documents such as topographic (plot plan) and floor plans to ensure they match the current property condition. The engineer will also provide a comprehensive building and condition report.
Step 4: Notarised Final Contract
Once all parties are satisfied with the results of the due diligence and inspection, we can proceed to a Notarised final contract. This process typically takes up to 12 weeks, although some cases may require additional time.
The Professionals: Roles and Influence
Lawyers – General cost of 2%+Vat
Lawyers in Corfu carry a lot of responsibility when assisting international clients purchase a property in Corfu. Their service is to assist you with your personal set up in Greece right through to the end of your property purchase.
Once a lawyer has power of attorney from you they are able to obtain your Greek tax number, open a bank account, set up utilities and sign contracts on your behalf. This makes the buying process from abroad seamless.
The lawyer will also assist with obtaining your Golden visa if this is required.
Their most important duty however is to ensure that the property you are buying is legally registered and to check all relevant contracts are in place. Their legal control is essential to a smooth transaction.
Engineer – General cost of €500-€1500+Vat.
An Engineer’s job is very important in the purchasing process, it is their responsibility to check the current condition of the property and provide a detailed report on this to you.
With this they are also responsible to check the sellers mechanical documentation to ensure it matches the physical property. These documents include plot plans & floor plans.
Notary – General cost of 2%+vat
A property purchase in Corfu cannot be done without a notary. Files from the lawyers and engineers are sent to the Notary to re-check and confirm all is in place. It is their duty to ensure that each property is conveyed correctly and is registered correctly.
Upon verification of the complete documentation, the notary will draft a comprehensive contract encompassing all pertinent information and involved parties. This legally binding agreement will be executed by both the seller and the buyer, and subsequently authenticated in the notary’s office. Following this, the notary will proceed to register the contract with the appropriate state authorities.
Cost breakdown
Frequently asked questions:
In Corfu there is a tax called Enfia, this is usually very low at around €100 per year.
The Internet is good in Corfu, you have many options. Vodafone and Cosmote offer 5g routers for around €25 per month. If you want superfast you can get Starlink at around €100 per month.
Yes, you can. Anyone who buys a property here in Corfu can rent that house out on the long term or short term market.
Renovating a property in Corfu can be very straightforward as long as you have the right people. We work with several construction companies on the Island which we can highly recommend.
Same as above, with the right construction companies building can be straightforward. At time of writing (Jul 2024) the cost, on average, is €1800 per square metre.
It is indeed possible to work for an international company while residing in Greece. Your income will typically be subject to taxation in the country where your employer is based or where you are officially employed. Consequently, this income would generally not be considered taxable in Greece, provided you meet the necessary residency and tax requirements as outlined by Greek tax regulations.
Closing period can vary with the general completion of 12-16 weeks.