Buying property in Portugal

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Buying property in Portugal

There are two main steps to buying property in Portugal: the promissory contract and the final deed. The promissory contact, or contracto de promessa de compra e venda, is a contract between the buyer and the seller, signed in front of the notary. A deposit must be paid by the buyer during this process (typically 10%-25% of the final property price). After the deposit has been paid, the buyer's lawyer conducts searches for encumbrances or outstanding mortgages. The final deed(escritura de compra e venda) is the second step, and is when property ownership is transferred from the seller to the buyer. Once signed, the final contract is sent to the land registry. Of course these steps involve details that required the expertise of a professional.


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Buying property in Portugal

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Broker, Agent, or/and MLS provider does not guarantee the accuracy of: 1- the reports, charts, articles, and also the information from links to other websites. 2- Square footage, lot size or other information regarding the conditions or features of properties provided by the seller or obtained from Public Records or other sources as presented in this website. Many articles may be time and date sensitive so please always look at the date posted. Consult your tax advisor, financial planner, attorney, or/and appropriate professionals concerning your personal specifics. Interested parties are advised to independently verify the accuracy.                                                            

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Kevin Mackessy
Blue Olive Properties, LLC - Highlands Ranch, CO
Dedicated. Qualified. Local.

Thanks for the easy to read guide.  These are tips I wouldn't have seen otherwise.  

Jan 24, 2013 06:51 AM #1
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Frank Farahbakhsh Moham

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