How To Sell Property in Portugal To Foreigners

The procedure of selling a house in Portugal to overseas buyers is well-regulated, although it may seem overwhelming to a foreigner. The best method to guarantee the quick and profitable sale of your home is to work with an experienced, and professional local estate agent with a proven track record in Portugal, and implement their recommended marketing strategy. Or if you want to go it alone and market privately we can help.

 

 

 

MARKETING

Using a variety of methods, we will be able to locate a qualified purchaser for your home. Immediately upon listing your house in Portugal, we will begin contacting qualified buyers through phone, text, and email using our cutting-edge matching technology. We also have a worldwide system of agents that find potential purchasers and introduce them to us.

Your house will be shown in its best light to potential purchasers on our modern, user-friendly website. Because it’s accessible from any modern computer, laptop, tablet, or mobile phone, we can maintain contact with potential customers no matter where they are. In addition to advertising on national and regional real estate websites in Portugal, we also advertise on international sites like Kyero, Daft.ie, Properstar Luxuryestate and many many more

You need to have faith that your property is properly advertised digitally because more than 90% of all property searches start online. We’re still putting money into search engine optimization, working with an expert firm to boost our website’s visibility on Google and other major engines. On a regular basis, we analyse the performance of our own and our partners’ websites, as well as the results of our campaigns, in an effort to maximise the number of inquiries generated.

Our weekly email reaches thousands of potential buyers every week, resulting in a steady stream of fresh inquiries about our available homes.

 

The procedure of selling a house in Portugal is well-regulated, although it may seem overwhelming to a foreigner. The best method to guarantee the quick and profitable sale of your home is to work with a licenced, experienced, and professional local estate agent with a proven track record in Portugal, and to implement their recommended marketing strategy.

 

A SEASONED GROUP OF PROFESSIONALS

Our partners have been helping people sell property in Portugal since 2000, Collectively, our global partners have decades of expertise in our respective fields. Our goal is to help you sell your home by providing honest service with a focus on clarity and detail. We will get you the highest possible price in the time frame that works for you, and we are the finest people to ask about the worth of your home.

We provide our sellers with peace of mind by utilizing our connections to a wide range of crucial support services in order to determine an applicant’s financial standing and hence their capacity to purchase. Our financial consultants have established connections with a worldwide network of banks, allowing them to provide purchasers with a variety of financing and money transfer alternatives.

In each of our primary markets, we have built up a network of like-minded, multilingual experts who can be contacted at a moment’s notice to refer purchasers to legal agents, surveyors, and other specialists as needed.

In addition to providing prospective buyers with up-to-date information and sound guidance, we also provide expert property management and rental services. People are more likely to buy via us than through any other agency because of the confidence they’ll have in their purchase choice.

 

THE WORK INVOLVED

Each property seller must provide a photo ID, often a passport, before their property may be sold. Budgetary data from Portugal « Energy certification—a current certification is required before to listing the home for sale. The current Caderneta Predial certifies, among other things, the property’s rateable value. This property has a current Certido de Teor, which is proof that the owner has clear title and no liens against it. The property’s official description is also included. For homes constructed after 1951, a Licença de Utilizaço is required in order to legally live there, whereas a pre-1951 certificate of occupancy is required for all other properties. For properties that have had a previous owner, the escritura anterior is the most recent title document. For all properties finished after March 30, 2004, a “Ficha Técnica” was required, which outlines the property’s technical construction. If there are floor layouts available » Detailed descriptions of all the items that are part of the deal « Construction projects always require a construction permit.

In addition, by law your agent must inquire as to the following details: » The occupation and employer of all suppliers – in the case of firms, the address of the main office (or branch) or the identification of all partners with shares more than 5%

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TRANSACTIONAL FRAMEWORK

This is simply a high-level explanation, and we’d be pleased to go through the specifics with you at any time.

We will forward all bids to the seller and help them reach a consensus. Once the buyer and seller have reached an agreement, a written confirmation of the terms of the offer will be provided to the buyer, the seller, and their attorneys.

In order to keep the sale progressing smoothly and answer any questions that may arise, your agent will be in constant communication with all parties involved.

An attorney for the buyer will get in touch with everyone who has to be contacted to verify the accuracy of the paperwork. The mortgage broker will work closely with the purchaser and the purchaser’s legal representative to close the deal if financing is necessary.

The seller will be contacted in advance of the promissory contract in order to confirm the day and location for the exchange of contracts and to agree upon a means of payment for fifty percent of the selling costs specified in the contract of sale.

 

If the seller is unable to attend the signing, his or her legal agent will mail the seller a copy of the promissory note (in English, Dutch, German, or Portuguese, as applicable) for signature prior to the signing.

On the day the escritura is signed, we will take and submit utility metre readings.

Our presence at the escritura will guarantee its successful conclusion. On the day of escritura, you must pay the remaining 50% of the selling costs.

 

TIMESCALE

If the buyer needs a mortgage and the seller has everything in order, the process from offer acceptance to promissory note signing can take anywhere from 15 to 28 days.

As few as seven days may be needed to complete the process from promissory note to escritura. This is only an estimate, though, as the specifics of every given transaction and the individual circumstances of the parties involved can and will affect the timeline.