Portugal property

Buy Portugal property

TO SAFELY BUY REAL ESTATE IN PORTUGAL

If you wish to buy an estate in Portugal, you must choose a properly licensed Real Estate agency, because only they have legal ability to mediate buy and sell real estate businesses. All legal real estate mediators can be identified by a number which has been given to them by the IMOPPI (Institute of Market of Public and Private Works and of Real Estate). This is the first step for being successful when acquiring your real estate, because only a trained agent will be aware of several important details that if not checked may endanger the purchase.

Here are some examples of procedures that you have to consider if you want to safely acquire your real estate:

- You have to check if the owner of the real estate is its true owner:
- You should always find out if there’s nothing pendent on the estate you wish to buy, such as a mortgage, usufruct, pawn, among others;
- Check if the property isn’t leased and in case it is, see what’s its situation, what type of leasing contract it has, when was it performed and for how long;
- We must make sure that the estate was built according to the law and that it respects it;
- If the estate will be used as residence, we will have to check if it has got a residence license; in case it doesn’t have one we must see why not and if and when we can obtain one.

These are some of the necessary procedures in order to buy an estate in Portugal. Nevertheless, there are some other procedures which only a trained real estate agent is aware of and is used to deal with them. All this and a lot more is presented to you by Portugal real estate Lookgreat whenever you want to buy real estate anywhere in our beautiful country.

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