Selling
Get ready for the sale!Enlist the help of an Estate Agent, like PortugalProperty.com. It is highly recommended that you use a licensed estate agent.
Selling A Property in Portugal
Once you decide that you want to sell your property in Portugal; the first thing that you will need to do is clear all your civic municipal dues and municipal council taxes. If the owner defaults on these payments; the property may be auctioned to the highest bidder. If you live in an apartment; you may have to pay service charges and final maintenance. It is also essential to pay all utility arrears in full before the sale; this includes; telephone, electricity, water, gas, insurance and other bills.
Enlist the help of an Estate Agent
like PortugalProperty.com: It is highly recommended that you use a licensed estate agent. It is advisable to buy property through a licensed estate agent as not only are you likely to find a large database of house-hunters PortugalProperty.com, get many thousands of people on our site every week) but also by hiring an agent like ourselves you are ensuring that you are insured against disputes and irregularities that may arise during any sales process.
Take the help of a property solicitor
It 's also imperative to enlist the help of a property solicitor who can act legally on your behalf. When you approach a solicitor he/ she will draw up the Procuração Publica which is then signed in a Notary office and subsequently registered. This document entitles your legal representative to authorize a sale and deal on your behalf. At PortugalProperty.com we are happy to recommend to you professional Anglo-Portuguese lawyers with years of experience in the sale of Portuguese property.
Find out the market price
At PortugalProperty we will ensure other professionals such as a evaluation agent and a surveyor who will be able to advise you on the current market price of your property.
The proper advertising
This is a crucial element of all real estate sales; fortunately PortugalProperty.com being a government accredited estate agents know exactly where to advertise your property in order to get the most attention. Our website gets thousands of potenital buyers onto the website week after week. Being the No.1 Portugal Property website means we more than any other real estate agent are likely to be able to sell your property at the best price possible.
The sale
In order to sell or buy real estate in Portugal, legal papers must be drawn up and signed by concerned parties in front of the notary. This document is then submitted to the local land registry. Once you have found a buyer, your legal representative will get the papers from the land registry.
The buyer will initiate the purchase by paying a deposit of 10 to 30 % of the purchase amount. At this point the Escritura Pública de Compra e Venda is brought into the picture after which a Contract of Sale will be written up by your solicitor. This document is a legal binding on both parties and it sets out the conditions for the sale. It is written by a notary and eventually the seller, the buyer and his legal representatives will sign the document. The contracts will usually be exchanged a month after drawing up the Contract of Sale.
