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Buy Property in Portugal

The process of buying property in Portugal is really straightforward. Once you have identified the property you wish to buy, you can make an offer and once accepted, you will sign the Promissory Contract preferably at a Notary’s office.

Use the services of a competent lawyer when you buy property in Portugal as they will guide you throughout the purchasing process and advise on the financial aspects.

The normal contractual obligations of an intended purchase in Portugal will mean that you will forfeit your deposit if you pull out of the contract and the seller will need to double your deposit if they do the same.

Prior to closing the sale, you will need a Portuguese Fiscal number and pay the necessary taxes. You should account for an additional 8% to 10% on top of the purchase price to account for these expenses.

Contact Living Portugal Property if you wish to to buy property in Portugal, as one phone call or email could save you thousand’s and make your experience of buying property in Portugal enjoyable and rewarding.

Apart from hiring an exceptional real estate agent Living Portugal Property to help you purchase your home, become an intelligent buyer by reading the articles below.

Area of Interest

How to Buy Property in Portugal

Buying property in Portugal can be emotional, as well as a sizable business transaction and therefore must be treated with due care and diligence. If you take the time to prepare a detailed and systematic plan on how to buy property in Portugal, you can be certain of avoiding costly errors. Below you will find a number of suggestions on how to make the best of your house buying experience in Portugal.

Obtain the right information

How do you determine the right price to offer on a house for sale in Portugal that you like? Is the listed price too high? Have you found a superb deal? Your own due diligence is vital, as is the information provided by your agent. A professional real estate agent should be able to offer an unbiased opinion on the value of the house in Portugal, based on a variety of known before factors and knowledge of the local real estate market.

Without this local knowledge of the existing market, you may offer more than the house is worth. Worse still, you could potentially ignore a terrific buying opportunity. When you are looking for a real estate agent in Portugal make sure you hire a professional agent who you can trust and whom will take care of your interests.

Buying a house in Portugal

The following question may sound simple but do you truly know what type of house in Portugal you require? Having a complete understanding of your house needs will allow you to have a clear objective which will put you in a much better position when looking for your new house. How many bedrooms do you require? Where will you spend most of your time? How big a house do you really require? If you buy a house in Portugal which is not large enough you may feel without freedom.

On the contrary if your house in Portugal is too large the maintenance and upkeep may be more than you wish to cope with. It is at this stage prior to buying a house in Portugal that you should make an accurate list of all the things you want from your new house so that as well as finding a great house you will at the same time discover a great house that is right for you.

Read the Title document

A large proportion of buyers of property in Portugal overlook the discrepancies that exist between the Title document and what has actually been constructed. The title document will highlight the boundaries of the property and state the size of the property.

By consulting the Title document you will be certain of getting what you are paying for.

Paying for a survey

The majority of Portuguese buyers do not obtain a structural survey for the house that they are purchasing which unfortunately leaves them completely vulnerable to unexpected faults within the house.

For a fee in the region of €1000 your surveyor will provide you with a detailed report that will highlight any flaws or problems that your new house may have. It is recommended that any offer you make is subject to a satisfactory report.

Qualify for funding first

Before you decide to buy a new house in Portugal it is recommended that you obtain your funding first. With many of the requirements for obtaining funding changing recently it makes sense to know beforehand what is available for you. Pre-approval will also put you in a better negotiating position as the seller will be aware that your funding is already in place.

Additional expenses

Apart from the funds required to buy a house in Portugal you will also need additional funds for taxes, legal fees, surveys, and insurance. These fees and taxes will vary from house to house, however you may wish to budget for an additional 10% of the house value for additional expenses.

Signing the contract

The signing of the contract will be done at a local Notaries office who are licensed by the Portuguese Government. As a foreigner who probably doesn’t yet speak Portuguese it is imperative that all documents are read out in your own language. This can be arranged prior to your purchase with the help of your realtor, lawyer or even at the notaries office.

Avoid Mistakes when Buying Property in Portugal

Avoid Mistakes when Buying Property in Portugal

Buying property in Portugal can be emotional, as well as a sizable business transaction and therefore must be treated with due care and diligence. If you take the time to prepare a detailed and systematic plan on how to buy property in Portugal, you can be certain of avoiding costly errors. Below you will find a number of suggestions on how to make the best of your house buying experience in Portugal.

Obtain the right information

How do you determine the right price to offer on a house for sale in Portugal that you like? Is the listed price too high? Have you found a superb deal? Your own due diligence is vital, as is the information provided by your agent. A professional real estate agent should be able to offer an unbiased opinion on the value of the house in Portugal, based on a variety of known before factors and knowledge of the local real estate market.

Without this local knowledge of the existing market, you may offer more than the house is worth. Worse still, you could potentially ignore a terrific buying opportunity. When you are looking for a real estate agent in Portugal make sure you hire a professional agent who you can trust and whom will take care of your interests.

Buying a house in Portugal

The following question may sound simple but do you truly know what type of house in Portugal you require? Having a complete understanding of your house needs will allow you to have a clear objective which will put you in a much better position when looking for your new house. How many bedrooms do you require? Where will you spend most of your time? How big a house do you really require? If you buy a house in Portugal which is not large enough you may feel without freedom.

On the contrary if your house in Portugal is too large the maintenance and upkeep may be more than you wish to cope with. It is at this stage prior to buying a house in Portugal that you should make an accurate list of all the things you want from your new house so that as well as finding a great house you will at the same time discover a great house that is right for you.

Read the Title document

A large proportion of buyers of property in Portugal overlook the discrepancies that exist between the Title document and what has actually been constructed. The title document will highlight the boundaries of the property and state the size of the property.

By consulting the Title document you will be certain of getting what you are paying for.

Paying for a survey

The majority of Portuguese buyers do not obtain a structural survey for the house that they are purchasing which unfortunately leaves them completely vulnerable to unexpected faults within the house.

For a fee in the region of €1000 your surveyor will provide you with a detailed report that will highlight any flaws or problems that your new house may have. It is recommended that any offer you make is subject to a satisfactory report.

Qualify for funding first

Before you decide to buy a new house in Portugal it is recommended that you obtain your funding first. With many of the requirements for obtaining funding changing recently it makes sense to know beforehand what is available for you. Pre-approval will also put you in a better negotiating position as the seller will be aware that your funding is already in place.

Additional expenses

Apart from the funds required to buy a house in Portugal you will also need additional funds for taxes, legal fees, surveys, and insurance. These fees and taxes will vary from house to house, however you may wish to budget for an additional 10% of the house value for additional expenses.

Signing the contract

The signing of the contract will be done at a local Notaries office who are licensed by the Portuguese Government. As a foreigner who probably doesn’t yet speak Portuguese it is imperative that all documents are read out in your own language. This can be arranged prior to your purchase with the help of your realtor, lawyer or even at the notaries office.

Buy Real Estate at the Best Price

Buy Real Estate at the Best Price

Buying property in Portugal can be emotional, as well as a sizable business transaction and therefore must be treated with due care and diligence. If you take the time to prepare a detailed and systematic plan on how to buy property in Portugal, you can be certain of avoiding costly errors. Below you will find a number of suggestions on how to make the best of your house buying experience in Portugal.

Obtain the right information

How do you determine the right price to offer on a house for sale in Portugal that you like? Is the listed price too high? Have you found a superb deal? Your own due diligence is vital, as is the information provided by your agent. A professional real estate agent should be able to offer an unbiased opinion on the value of the house in Portugal, based on a variety of known before factors and knowledge of the local real estate market.

Without this local knowledge of the existing market, you may offer more than the house is worth. Worse still, you could potentially ignore a terrific buying opportunity. When you are looking for a real estate agent in Portugal make sure you hire a professional agent who you can trust and whom will take care of your interests.

Buying a house in Portugal

The following question may sound simple but do you truly know what type of house in Portugal you require? Having a complete understanding of your house needs will allow you to have a clear objective which will put you in a much better position when looking for your new house. How many bedrooms do you require? Where will you spend most of your time? How big a house do you really require? If you buy a house in Portugal which is not large enough you may feel without freedom.

On the contrary if your house in Portugal is too large the maintenance and upkeep may be more than you wish to cope with. It is at this stage prior to buying a house in Portugal that you should make an accurate list of all the things you want from your new house so that as well as finding a great house you will at the same time discover a great house that is right for you.

Read the Title document

A large proportion of buyers of property in Portugal overlook the discrepancies that exist between the Title document and what has actually been constructed. The title document will highlight the boundaries of the property and state the size of the property.

By consulting the Title document you will be certain of getting what you are paying for.

Paying for a survey

The majority of Portuguese buyers do not obtain a structural survey for the house that they are purchasing which unfortunately leaves them completely vulnerable to unexpected faults within the house.

For a fee in the region of €1000 your surveyor will provide you with a detailed report that will highlight any flaws or problems that your new house may have. It is recommended that any offer you make is subject to a satisfactory report.

Qualify for funding first

Before you decide to buy a new house in Portugal it is recommended that you obtain your funding first. With many of the requirements for obtaining funding changing recently it makes sense to know beforehand what is available for you. Pre-approval will also put you in a better negotiating position as the seller will be aware that your funding is already in place.

Additional expenses

Apart from the funds required to buy a house in Portugal you will also need additional funds for taxes, legal fees, surveys, and insurance. These fees and taxes will vary from house to house, however you may wish to budget for an additional 10% of the house value for additional expenses.

Signing the contract

The signing of the contract will be done at a local Notaries office who are licensed by the Portuguese Government. As a foreigner who probably doesn’t yet speak Portuguese it is imperative that all documents are read out in your own language. This can be arranged prior to your purchase with the help of your realtor, lawyer or even at the notaries office.

Buy a Holiday Home in Portugal

Buy a Holiday Home in Portugal

Buying property in Portugal can be emotional, as well as a sizable business transaction and therefore must be treated with due care and diligence. If you take the time to prepare a detailed and systematic plan on how to buy property in Portugal, you can be certain of avoiding costly errors. Below you will find a number of suggestions on how to make the best of your house buying experience in Portugal.

Obtain the right information

How do you determine the right price to offer on a house for sale in Portugal that you like? Is the listed price too high? Have you found a superb deal? Your own due diligence is vital, as is the information provided by your agent. A professional real estate agent should be able to offer an unbiased opinion on the value of the house in Portugal, based on a variety of known before factors and knowledge of the local real estate market.

Without this local knowledge of the existing market, you may offer more than the house is worth. Worse still, you could potentially ignore a terrific buying opportunity. When you are looking for a real estate agent in Portugal make sure you hire a professional agent who you can trust and whom will take care of your interests.

Buying a house in Portugal

The following question may sound simple but do you truly know what type of house in Portugal you require? Having a complete understanding of your house needs will allow you to have a clear objective which will put you in a much better position when looking for your new house. How many bedrooms do you require? Where will you spend most of your time? How big a house do you really require? If you buy a house in Portugal which is not large enough you may feel without freedom.

On the contrary if your house in Portugal is too large the maintenance and upkeep may be more than you wish to cope with. It is at this stage prior to buying a house in Portugal that you should make an accurate list of all the things you want from your new house so that as well as finding a great house you will at the same time discover a great house that is right for you.

Read the Title document

A large proportion of buyers of property in Portugal overlook the discrepancies that exist between the Title document and what has actually been constructed. The title document will highlight the boundaries of the property and state the size of the property.

By consulting the Title document you will be certain of getting what you are paying for.

Paying for a survey

The majority of Portuguese buyers do not obtain a structural survey for the house that they are purchasing which unfortunately leaves them completely vulnerable to unexpected faults within the house.

For a fee in the region of €1000 your surveyor will provide you with a detailed report that will highlight any flaws or problems that your new house may have. It is recommended that any offer you make is subject to a satisfactory report.

Qualify for funding first

Before you decide to buy a new house in Portugal it is recommended that you obtain your funding first. With many of the requirements for obtaining funding changing recently it makes sense to know beforehand what is available for you. Pre-approval will also put you in a better negotiating position as the seller will be aware that your funding is already in place.

Additional expenses

Apart from the funds required to buy a house in Portugal you will also need additional funds for taxes, legal fees, surveys, and insurance. These fees and taxes will vary from house to house, however you may wish to budget for an additional 10% of the house value for additional expenses.

Signing the contract

The signing of the contract will be done at a local Notaries office who are licensed by the Portuguese Government. As a foreigner who probably doesn’t yet speak Portuguese it is imperative that all documents are read out in your own language. This can be arranged prior to your purchase with the help of your realtor, lawyer or even at the notaries office.

To buy or not to buy luxury property

To buy or not to buy luxury property

Buying property in Portugal can be emotional, as well as a sizable business transaction and therefore must be treated with due care and diligence. If you take the time to prepare a detailed and systematic plan on how to buy property in Portugal, you can be certain of avoiding costly errors. Below you will find a number of suggestions on how to make the best of your house buying experience in Portugal.

Obtain the right information

How do you determine the right price to offer on a house for sale in Portugal that you like? Is the listed price too high? Have you found a superb deal? Your own due diligence is vital, as is the information provided by your agent. A professional real estate agent should be able to offer an unbiased opinion on the value of the house in Portugal, based on a variety of known before factors and knowledge of the local real estate market.

Without this local knowledge of the existing market, you may offer more than the house is worth. Worse still, you could potentially ignore a terrific buying opportunity. When you are looking for a real estate agent in Portugal make sure you hire a professional agent who you can trust and whom will take care of your interests.

Buying a house in Portugal

The following question may sound simple but do you truly know what type of house in Portugal you require? Having a complete understanding of your house needs will allow you to have a clear objective which will put you in a much better position when looking for your new house. How many bedrooms do you require? Where will you spend most of your time? How big a house do you really require? If you buy a house in Portugal which is not large enough you may feel without freedom.

On the contrary if your house in Portugal is too large the maintenance and upkeep may be more than you wish to cope with. It is at this stage prior to buying a house in Portugal that you should make an accurate list of all the things you want from your new house so that as well as finding a great house you will at the same time discover a great house that is right for you.

Read the Title document

A large proportion of buyers of property in Portugal overlook the discrepancies that exist between the Title document and what has actually been constructed. The title document will highlight the boundaries of the property and state the size of the property.

By consulting the Title document you will be certain of getting what you are paying for.

Paying for a survey

The majority of Portuguese buyers do not obtain a structural survey for the house that they are purchasing which unfortunately leaves them completely vulnerable to unexpected faults within the house.

For a fee in the region of €1000 your surveyor will provide you with a detailed report that will highlight any flaws or problems that your new house may have. It is recommended that any offer you make is subject to a satisfactory report.

Qualify for funding first

Before you decide to buy a new house in Portugal it is recommended that you obtain your funding first. With many of the requirements for obtaining funding changing recently it makes sense to know beforehand what is available for you. Pre-approval will also put you in a better negotiating position as the seller will be aware that your funding is already in place.

Additional expenses

Apart from the funds required to buy a house in Portugal you will also need additional funds for taxes, legal fees, surveys, and insurance. These fees and taxes will vary from house to house, however you may wish to budget for an additional 10% of the house value for additional expenses.

Signing the contract

The signing of the contract will be done at a local Notaries office who are licensed by the Portuguese Government. As a foreigner who probably doesn’t yet speak Portuguese it is imperative that all documents are read out in your own language. This can be arranged prior to your purchase with the help of your realtor, lawyer or even at the notaries office.

Working With a Buyers Agent

Working With a Buyers AgentWhen searching for your dream home in Portugal either as a second home to enjoy in the sun or to retire to when you have had enough of the working life, you need to start thinking about finding the right place to buy and the right agent to work with.

Unless you already happen to be there, you are going to have to find someone you can really trust to show you pictures that reflect the actual home and not ones that hide all of the flaws. Of course before you sign the contract to buy your property in Portugal, you are going to have to go there and take a close look at it.

The idea is that you should only have to make one trip unless you have access to unlimited time and the money to fly their frequently.

Most of us do not have this kind of money or time, so we have to be able to rely on the realtor we select to be honest in all of their dealings so that we can feel comfortable with what they are showing us. Even though you are probably eager to start looking at houses, you need to start the process of looking at homes in Portugal for sale by looking at realtors.

You need to be looking for a buyers agent who understands the procedures, legalities and has been in business for several years. These are the ones that will not only have the better homes listed, but will have a much more knowledge about the different areas and towns so that they can answer all of your questions. No one wants to move into a neighbourhood without knowing what they are moving into.

An experienced realtor will also have a keen understanding of all the legalities involved in buying a home in Portugal for sale. Anytime you set out to buy a home, there are several forms that must be filled out and more than a fair share of legalities that must be dealt with.

Taking care of this in your home country where you live can be difficult enough. When you are buying a home overseas where the laws are likely to be completely different can be a major challenge. You are going to have to rely completely on your realtor to take care of the majority of the paperwork for you and get it right the first time.

Trying to find an experienced and reputable agent can be a challenge if you have never been here or have no recommendations. You need the services of a company like Living Portugal Property that has been in the business of bringing buyers like you together with over 200 real estate sales affiliates for over 30 years.

When you put your needs in the hands of company such as this, you increase your chances of finding your dream home and having a pleasant and successful buying experience to the highest levels.

Our properties in Portugal for sale include affordable homes, agricultural farm land, lots & plots, ruins, apartments, condos, villas, luxury houses, commercial property, beach and coastal houses and ECO sustainable buildings.

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