Buyer Q and A's

Here are some of the many questions Diamond Properties Algarve are regularly asked, and our answers about buying property in Portugal. Contact us if you have a question and we will be happy to answer it for you.

Q1. Can I buy a property in Portugal if I am from another Country?

A1. Yes you can. You do not need to be a resident or citizen of Portugal to buy a property here, most of our customers buy Holiday Homes but live outside of Portugal. However there are some tax and citizenship benefits and restrictions depending on which Country you are from, such as The Golden Visa Program or the Non-Habitual Residents Regime, if you are applicable. Contact us to find out more.

Q2. How long does it take to buy a property?

A2. The home buying process from start to finish (Offer to Deeds) of a typical property is 2 months, however it can take just 2 weeks depending on the property type, for example if it is Offshore or a piece of land.

Q3. What is the process for buying?

A3. Here you can read about The Process. To put it briefly, it is a two step process 1. Sign a Promissory Contract and hand over a 10% Deposit and 2. Sign the Deeds and hand over the 90% balance and pay all the buyer costs. (The process is slightly different when you have a mortgage application).

Q4. Can you tell me exactly where a property is so I can see whether or not I like the area first?

A4. We have put together our Pros and Cons on different neighbourhoods in the Algarve. We respect the privacy and confidentiality of all our customers and clients, that's why many Homeowners and Homebuyers choose us for our integrity. We are very knowledgeable about the local areas and properties, so can answer any questions for you. First you need to register with us and sign our Homebuyer Agreement to acquire our services to act as your Real Estate Agent, we need to establish your requirements and your status as a Homebuyer (or you can complete our online HomeBuyer Form). Our Homeowners want all Homebuyers registered with us, pre-checked and escorted to our property viewings, that is one of the reasons you won't see many For Sale signs, to avoid unsolicited visitors. We use the information to see which property would be suitable for you and we advise and support you, escorting you to all viewings, present your Offer and support you through the whole process. The information you give us of your property requirements helps us to successfully match you to identified suitable properties on the market now and that we list in the future, we also search our collaborating Real Estate Agents across the Algarve to wider your search. With our own properties we have visited every property and met each owner, so we are very knowledgeable so when you contact us to view a property we first establish that it is a good fit for you. All Homebuyers must provide ID, and we follow the instructions of our Homeowners in terms of the types of Homebuyers they want to attract such as, are you ready to buy now or just browsing, do you need to sell a property first or is your timeframe more than 6 months!

Q5. Do I need a Solicitor (AKA Conveyancer in the UK)?

A5. Yes definitely, in our opinion, unless you happen to know the Portuguese language and the Real Estate Law in Portugal. By hiring a Solicitor you are getting independent legal advice to protect your interests.

Q6. How do I find a Solicitor?

A6. We have Solicitor contact details for you, tried and trusted by our other clients and we do not receive a penny for referring you to them. We also work with all the professionals you need including a Mortgage Broker, Bank, Building Surveyor, Removals and Foreign Exchange and more (Disclosure; some of these contacts do have a referral agreement with businesses).

Q7. If I buy a property abroad, who will I get to look after it for me?

A7. We will, we can be your Property Managers. Just ask for a quote.

Q8. I want to buy a property in the Algarve, where do I start?

A8. You have just taken your first step by visiting our website, now send us an email or submit our Form, and we will take care of the rest.

If not now, when, to start your property search?

If you can't find the right property for you here, let us know your property requirements so we can begin house hunting for you. We are your property search agents on the ground in the Algarve. As a licensed Real Estate Agent with our company in business for over 25 years operating from our charming village corner shop, we offer you a discreet professional service, contact us now to start your property search.

Find our full contact details Here

We hope you found these Q&A's helpful.  Do you have more questions, or suggestions for questions, contact us

www.DiamondPropertiesAlgarve.com

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