Kilkis wrote:I could be wrong but I think Glenn is talking about the movement of money electronically between one Greek bank account and another Greek bank account, not movement of money in/out of Greece from/to abroad.
That's correct, although subsequent developments left us scratching ours heads, to say the very least
The 'buyers' were a German couple and our agent proposed a deal where we would complete the signing, at which point the buyers would have 30 days to transfer the money to our account. A contractual condition ('lien'?) would give us the right to reclaim the house if they didn't pay. We took advice in a few experienced places and were warned not to touch this with a bargepole, leading to my question here about very fast electronic payment.
This morning we learned that the buyers don't even have a Greek bank account, and that the lengthy proposed payment delay was to allow them to transfer money to an account that they would open when they come over for the signing. Given that their lawyer has power-of-attorney this has become more than mysterious and is well into disturbing. It's a 'name' agency in these parts so what the hell their game is we have no idea. All we can think of is that it's a quick commission grab, as our commission to them is payable upon receipt of the deposit. If the deal is so flaky it's likely to fall through then I suppose it's an easy earner for them.
Anyway, we fired them today and will make our expected sale terms crystal clear in advance to any agents in future.