A successful purchase starts with the right representative. In fact, once you’ve selected the best agent to represent you, it is likely that he or she can recommend other professionals to join your team, taking more of the responsibility off of your shoulders. Even if you’re not quite ready to buy in Portugal, your buyer’s agent Living Portugal Property can be an absolute wealth of information, and can often offer ‘scoops’ on local developments you might not have known about otherwise. Speak to Living Portugal Property first who will help guide you right from the start.
A bank is not just a bank. Having the right backer can be extremely important. It is your money we’re talking about after all! Make sure that your lender and financial representative is someone with whom you feel comfortable, and be wary of any lender who promises you more than you think you can reasonably afford. Your lenders may or may not require an independent appraisal, and typically will make arrangements for the appraisal themselves.
Your home purchase is far too important a transaction to skimp on legal representation at the risk of leaving yourself open to costly future issues. Find a lawyer who is willing to take the time to answer your questions and who specializes in real estate law.
No home inspection is 100% guaranteed, but a few hundred dollars to catch a major problem now is certainly better than many thousands to correct that ‘surprise’ down the road. Ask your agent for a recommendation.
Planning some renovations? You're not the only one! When the home renovation industry is booming, you may have to book a contractor months in advance. Don't let finding the right contractor slip through the cracks. Planning ahead will almost certainly make your renovation smoother, and your contractor will appreciate the advance notice, so contact them at your earliest convenience.
What is your price range?
Online mortgage calculators are a good place to start, but as you get closer to being ready to buy in Portugal, there is no substitute for a written mortgage pre-approval. Just speaking to your lender is an extremely worthwhile venture as this is the only way to really get an in-depth picture of your overall financial picture and to discover exactly what you can reasonably afford to spend on a home in Portugal(and possibly on renovating).
Find out what your local market looks like
The internet is incredibly valuable when doing preparatory research. Start with your agent Living Portugal Property as we can direct you to valuable resources and immediately start emailing you Property for sale Portugal listings that may interest you (or at least give you a better idea of what your needs and wants are).
What your true needs and wants are?
Compose a needs/wants list that takes into consideration your local market conditions, your price range, and the advice of your real estate agent when you intend to buy in Portugal.
Find your dream home!
Once you’re ready to act, you may be surprised by how quickly you can make a decision. Armed with your pre-approval, a little market knowledge, and your needs/wants list, call your real estate agent Living Portugal Property, hit the pavement, and when you see ‘the house’, put in an offer.
With the Living Portugal Property behind you, it really can be that easy.