When it comes to the Sale and Purchase of a property in Portugal, you may notice a few differences if you are from another Country. The first difference is property documents are written in Portuguese and there is alot of it. The second is our involvement in the process is likely to be different to your Country and finally the timeframe may be quicker or longer than you’re used to.
As a Real Estate Agent one of the first things we do when we take on a new property listing is ask for copies of the paperwork. Here are some of the documents we need:-
It is quite normal that homeowners don’t have immediate access to these documents, so as your Real Estate Agent we work with your solicitor to get these organised for you, so you don’t have to.
If you don’t have a solicitor nor an engineer to do your Energy Certificate, we can help with that too, we do not receive any kind of referral fee and are completely independent of each other. We can also recommend a foreign exchange consultant to quote for converting euros to your currency once we sell your home.
In Portugal you have a choice of one Real Estate Agent to sell your house (sole agency) normally you receive a reduced commission and your property gets extra marketing spent on it or list with many agencies (multi agency) for a standard commission of 5% plus VAT. However we are fortunate to have established relationships with trusted licensed Real Estate Agents across the Algarve, so their Buyers also get to see your property when you’ve just signed one Real Estate Contract with us. As your Real Estate Agent we get paid on commission only when our Buyer client buys your property, there are no upfront costs or fees to us.
We register all our Buyer Clients presenting them with a choice of properties to suit their requirements, we personally escort them to your property and present you with any offers or feedback. When the Buyer chooses to purchase your property, we support and advice both parties through the whole process.
It is common for our homeowners to live abroad, so we are the keyholders (free of charge of course) and your solicitor works on your behalf communicating everything to you through a signed Power of Attorney, so you don’t have to be in Portugal for any of the process.
Thank you for reading this article, let us know if you found it helpful or if you think we missed anything out that would be useful to know. We aim to be a one-stop-shop for everything you need to know for the sale and purchase of a house in the Algarve.
If you are thinking of selling, have any questions, want to know more about the process or to book a free valuation, get in touch, we’d love to help.
Mobile: (00351) 919 716 846 or 917 564 728 (WhatsApp or Facetime)
Email Diamondp@mail.telepac.pt
www.DiamondPropertiesAlgarve.com
