The first step in selling your home in Portugal is paying off any outstanding municipal taxes or fees. In the event that the owner is unable to make these payments, the property may be sold at auction. Possible costs associated with apartment living include service fees and end-of-tenancy repairs. All past due costs for utilities such as electricity, water, gas, insurance, and any others must be paid in full before the sale may go through.
Help from a Real Estate Professional
You should use a professional real estate company. Hiring professional bodies not only increases your chances of finding a larger database of house hunters (we get thousands of visitors to our site every week and millions on the global platforms we advertise your property on), but it also protects you in the event of any disagreements or anomalies that may develop throughout the selling process.
Consult an experienced Real Estate Lawyer for assistance
It is also crucial to hire a property solicitor who can represent your interests in court. Legal counsel can help you draught the Procuraço Publica, which can then be signed in a notary’s office and recorded. With this paper in hand, your attorney-in-fact has the authority to do business on your behalf. If you’re looking to buy or sell a home in Portugal, we can put you in touch with seasoned Anglo-Portuguese attorneys.
Determine the Current Market Value
We will make arrangements for you to consult with experts like appraisers and land surveyors to get a sense of what your home is worth in the current market.
Proper Publicity
This is a fundamental part of every property transaction. Exposure to all countries buying in Portugal is the key to selling property in Portugal for the best price, we are aware of the best channels through which to promote your home. Every week, hundreds of potential customers visit our website esalesinternational.com and due to the fact that we are one of the most visited platforms through our global marketing, we have a great chance of getting the highest possible price for your home.
Resulting Deal
In Portugal, real estate transactions require the parties involved to meet with a notary public to write out legal documents and sign them. The next step is to file this paperwork with the appropriate government agency. After a buyer has been located, your attorney will request the necessary paperwork from the land registration.
A Promissory Contract of Acquisition and Sale (Contrato Promessa de Compra e Venda) will be prepared by the purchaser’s lawyer and signed by the buyer to officially begin the purchase process. All terms of the transaction are laid forth in this document, and a deadline is set for the execution of the final deed in accordance with the parties’ desires. After both parties or their authorized representatives sign the contract, a 10% deposit is due, unless otherwise agreed. This contract is conclusive evidence that the sale has been finalized in conformity with Portuguese law. In the event of a buyer failure, any deposits made will be forfeited. In the event of a default by the supplier, the buyer receives double the amount of the initial deposit. In the presence of a notary, the registry office, or a lawyer who is a member of “Casa Pronta online,” the sale is finalized.
Before being read to the parties, the final document of purchase and sale must be checked for accuracy and for evidence of payment of the IMT (property transfer tax) (or their representatives). After the final sum has been paid, the deed can be signed. This document’s original is filed away safely in the official records of the place where the deal was sealed. To validate ownership, official copies can be produced on demand. As soon as the transfer of ownership is finalized, a copy of the title deed is sent to the local Land Registry office and Tax office for registration.
