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10-90 Method Of Payment
A 10% deposit is required to be paid by the purchaser on the date stated on the Purchasing Agreement. The 90% balance is due on completion of the property.
The 10-90 Method of Payment is subject to a 5% handling fee. A 5% handling fee is payable to Hellenic Homes on the completion date stated on the Purchasing Agreement. The handling fee is equal to the 5% of the 90% balance of the property and it is applicable to any extras that might have been added on by the purchaser.
A 10% deposit is required to be paid by the purchaser on the date stated on the Purchasing Agreement. The 90% balance is due on completion of the property.
The 10-90 Method of Payment is subject to a 5% handling fee. A 5% handling fee is payable to Hellenic Homes on the completion date stated on the Purchasing Agreement. The handling fee is equal to the 5% of the 90% balance of the property and it is applicable to any extras that might have been added on by the purchaser.
I.e. If the house price is 100.000 euro then payments are calculated as follows:
10% deposit: 10.000 euro
90% balance due on completion of the property: 90.000 euro
5% handling fee due on completion: 4.500 euro
5% legal and other costs*: 5.000 euro
Total house cost: 109.500 euro
Payment in Stages
A 10% deposit is required to be paid by the purchaser on the date stated on the Purchasing Agreement. We then begin to build your house in agreed stages before you make any other payment. In this way we build first, without you having to pay any handling fee, while you pay in stages.
90% balance due on completion of the property: 90.000 euro
5% handling fee due on completion: 4.500 euro
5% legal and other costs*: 5.000 euro
Total house cost: 109.500 euro
Payment in Stages
A 10% deposit is required to be paid by the purchaser on the date stated on the Purchasing Agreement. We then begin to build your house in agreed stages before you make any other payment. In this way we build first, without you having to pay any handling fee, while you pay in stages.
After completion of reinforced concrete foundation, columns, tie beams and all reinforced concrete structures, you are required to pay the first stage, which amounts to 40% of the property you have purchased. The second stage, which also amounts to 40% of the property you have purchased, is paid after completion of building all walls and rendering to both interior and exterior surfaces. Finally the 10% balance is paid after you are informed by Hellenic Homes and within 21 days prior to completion of your house.
I.e. If the house price is 100.000 euro then payments are calculated as follows:
10% deposit: 10.000 euro
40% first stage: 40.000 euro
40% second stage: 40.000 euro
10% third stage: 10.000 euro
5% legal and other costs* : 5.000 euro
Total house cost: 105.000 euro
*Legal and Other Costs
The Legal and Other Costs mentioned above include what you are required to pay for building licences, tax, IKA, utility connection charges, legal costs and other services. These costs usually exceed 6% of the total purchase agreement. However, Hellenic Homes will cap this levy at 5% and guarantee to meet any costs over and above this amount.
40% first stage: 40.000 euro
40% second stage: 40.000 euro
10% third stage: 10.000 euro
5% legal and other costs* : 5.000 euro
Total house cost: 105.000 euro
*Legal and Other Costs
The Legal and Other Costs mentioned above include what you are required to pay for building licences, tax, IKA, utility connection charges, legal costs and other services. These costs usually exceed 6% of the total purchase agreement. However, Hellenic Homes will cap this levy at 5% and guarantee to meet any costs over and above this amount.
