Get ready for the sale! Enlist the help of a licensed estate agent like Berkshire Hathaway HomeServices Portugal Property.
If you've decided to sell a property in Portugal and are looking for a professional and experienced real estate company, look no further. Here are a few reasons why you should consider us:
- 1.6 million page views per month!
- 20,000 active clients!
- 170,000 visitors each month!
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Read more about why you should choose us.
Selling a property in Portugal
Once you decide that you want to sell your property, 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 Licensed Estate Agent
It is highly recommended that you use a licensed estate agent such as us. Not only are you more likely to find a larger database of house-hunters (we 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.
Get help from 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 authorise a sale and deal on your behalf. 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
We will ensure other professionals such as an evaluation agent and a surveyor are 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, being a government accredited estate agent, we know exactly where to advertise your property in order to get the most attention. Our website attracts thousands of potential buyers 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.
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 signing a Promissory Contract of Purchase and Sale (Contrato Promessa de Compra e Venda) which is drawn up by the purchaser's lawyer. This document contains all the conditions of the transaction and a time limit is established for the signature of the final deed in accordance with the wishes of the parties. The contract is signed by both parties or their legal representatives, at which point a 10% deposit is paid, or as otherwise agreed. This legally binding document proves that the purchase has now been contracted and sealed in accordance with Portuguese legislation. If a buyer defaults on the contract, they lose any deposit paid. If the vendor defaults, double the deposit is paid back. Completion on this kind of purchase takes place in the presence of a notary, or alternatively the registry office or a lawyer registered with “Casa Pronta on-line”.
Checks are made that the IMT (property transfer tax) has been paid and the content of the final deed of purchase and sale is verified, before being read out to the parties (or their representatives). The deed is then signed and the balance of the transaction price is paid. The original of this document remains where the transaction was completed, bound into the official records. Authenticated copies can be obtained at any time to prove ownership. A copy of the title deed is then immediately lodged in the local Land Registry office and Tax office and the change of ownership registered.
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