"Everything went exactly as I was promised."
Yaron Shamir didn't choose an investment firm on his first meeting. For a long time, he explored his options, met with 12 different firms, and tried to figure out which one could offer him not only a property in Greece, but also a professional process and support system he would feel comfortable relying on.
His thorough comparison ultimately led him to Palmo. He said he found an active and nearby market, obtained the information he was looking for, and felt that there were trustworthy people behind the offer who could support the transaction even after it was signed.
The true test of his choice came when there was a slight delay in the property’s handover. According to Yaron, the compensation stipulated in the contract was paid to him automatically, without him having to request it. For him, that was the moment when the promises and written clauses became actions he could actually evaluate.
A Brief Overview of Yaron Shamir's Story
- The Selection Process: Meetings with 12 Different Companies
- What he was looking for: an active, nearby, and professional market
- What was important to him: information, reliability, and comprehensive support
- The selected company: Palmo
- A Significant Test in the Process: A Slight Delay in the Property's Delivery
- How the matter was handled: Compensation was paid automatically in accordance with the contract, according to him
- His impression of the process: Things went exactly as they had been described to him
- The central theme of the story: It's not just about what is promised, but how one acts when something unexpected happens
Why did Yaron go on 12 dates before making up his mind?
Investing in real estate in another country involves several stages of decision-making. The investor must choose a country and a city, evaluate the property and its surroundings, understand the structure of the transaction, and, at the same time, decide who will represent them and manage the process on the ground.
Yaron didn't want to move forward just because he was presented with an opportunity that sounded attractive. He interviewed with 12 companies to understand the differences between the offers, the level of information provided, the communication style, and the support each company was able to provide.
The number of meetings alone does not guarantee a better decision, but it did allow Yaron to establish a point of comparison. After being exposed to several approaches and companies, he was able to identify more clearly what was important to him and the type of guidance with which he would feel comfortable moving forward.
What was Yaron looking for in an investment in Greece?
According to his account, Yaron was looking for an active market located relatively close to Israel. The proximity allows an investor to travel to Greece when necessary, but for him, that wasn’t the only consideration. He also wanted professional guidance and support that would give him confidence in the process.
When investing overseas, the quality of the information presented before making a decision is crucial. It’s not enough to know the price of the apartment or the estimated income it will generate. You need to understand the property’s location, demand in the area, associated costs, the registration process, timelines, and how the property will be managed after delivery.
Yaron found in Palmo the combination that met the criteria he had defined. After 12 meetings with various companies, his sense of comfort stemmed not only from a specific offer, but also from the information he received and the trust he built with the team.
Turning Company Comparisons into a Decision-Making Process
Meeting with several companies can result in a wealth of presentations, forecasts, and figures that aren't always easy to compare. To ensure an effective evaluation, it's a good idea to review all proposals using a set of consistent criteria.
The purchase price is just one factor. You should check what is included in the price, what expenses will be required down the line, what condition the property is in, who holds the rights to it, how payments are made, and what safeguards are specified in the contract.
It is also recommended to review the company’s experience with previous projects, its level of responsiveness, and its ability to provide verifiable information. The guide on analyzing an overseas real estate transaction before investing details the financial, legal, and operational due diligence steps you should take before moving forward.
Delay in Delivery as a Test of the Agreement
Almost every company can demonstrate a process in which everything goes according to plan. The more significant test comes when a gap emerges between the planned schedule and what actually happens.
In Yaron Nuzar’s case, he says, there was a slight delay in delivery. Instead of the delay turning into a dispute, the compensation mechanism included in the contract was triggered. Yaron says he received the compensation automatically, without having to contact the company to request it.
The delay is not a detail that should be omitted from the story. On the contrary: it helps us understand how the parties behaved when the process did not go exactly as planned. From Yaron’s perspective, the way Palmo acted at that moment demonstrated the reliability he had been looking for from the very beginning.
Why is a compensation clause in a contract important?
A property handover schedule must be backed by an agreement that specifies what happens in the event of a delay. A clear agreement can define the point in time from which the delay is calculated, how compensation is calculated, and the date on which it is paid.
It is also important to understand what circumstances might affect the triggering of the mechanism and what exceptions are included in the contract. It is recommended to review these provisions with a lawyer who is familiar with local law and does not rely solely on the explanation provided by the marketer.
Yaron’s experience does not guarantee that every delay in every project will be handled in the same way. It does, however, provide a real-life example of a situation in which a contractual provision was put into practice and compensation was paid, according to his account, without him having to make a claim.
Examine the company, not just the property
Many investors focus most of their attention on the apartment itself: its location, size, features, and price. When it comes to an overseas purchase, however, it’s just as important to thoroughly vet the company handling the transaction.
It’s a good idea to look at projects that have already been completed, find out who was responsible for the construction or renovation, and determine how the company handled delays or changes. It’s also advisable to find out who your point of contact will be after signing the contract and whether the company will continue to provide support through the handover and property management phases.
On Palmo’s Projects page for Greece, you can learn about projects at various stages of development and explore the types of properties and locations where the company operates. Your review should cover both the specific project and the system behind it.
What can we learn from Yaron Shamir's story?
Yaron’s story illustrates that a thorough comparison doesn’t end with choosing the cheapest offer. He reviewed 12 companies and looked for a combination of a market that suited him, professional expertise, and people he could trust.
The most important part of the story actually came to light after the purchase. When a minor delay occurred, Yaron didn’t have to start chasing after the company. According to him, the compensation mechanism kicked in automatically, as stipulated in the contract.
For other investors, this case highlights the importance of reviewing the purchase agreement and considering the worst-case scenarios in advance. It is not enough to simply ask what is supposed to happen when everything goes according to plan. One must also understand what will happen in the event of a delay, deviation, or change.
How many companies did Yaron Shamir evaluate before choosing Palmo?
Yaron says he met with 12 different companies before deciding to move forward with Palmo. The comparison process allowed him to explore different proposals and approaches and to determine the criteria that were important to him.
What was Yaron looking for in an investment firm in Greece?
Yaron was looking for an active market that was close by, along with professional support, clear information, and a sense of security regarding the people handling the transaction.
What happens if there is a delay in the transfer of the property?
According to Yaron's testimony, there was a slight delay in delivery, and he automatically received the compensation specified in the contract without having to request it.
What should you consider before choosing an investment firm in Greece?
It is recommended to review the company’s experience, the projects it has already completed, the payment structure, legal due diligence, timelines, the compensation mechanism, reporting procedures, and ongoing property management after handover.
Want to explore investing in Greece in a structured way?
Yaron Shamir chose Palmo after evaluating 12 companies. His choice was put to the test not only during the initial meeting, but also when a delay arose and the agreement had to be put into practice.
At an introductory meeting with the Palmo team, you can learn about the projects available in Greece, get information on the purchase process, and review the relevant terms and steps for the transaction you are considering.
