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Reservation Deal.
Once you have chosen a property and the purchase price has been agreed, we would ask you to sign a Reservation Deal, which simply confirms that you are a serious buyer and the seller will then take the property off the market.

At this stage, we would ask for a deposit (“sinal”) which is usually 10% of the purchase price. The deposit cheque is made payable to the seller, but remains in our office and is not presented for payment until all parties are ready to sign the Promissory Contract - usually up to 30 days after the reservation is signed.

glossary

To buy a property in Portugal you don't need to learn portuguese, but it maybe useful to kown the name of the important documents and taxes.




useful information

Costs of Buying a Property in Portugal.
Before buying anything you should know what is the total amount that you'll spend.


Buying guide



Steps to buy a property in Portugal
1. Use a government licensed Estate Agent like Rede Real agents.
2. Non-Residents ,and Fiscal Representation.
3. Reservation Deal , to take the property off the market.
4. Collect all the documentation.
5. Promissory Contract, buyer and seller agree on the deal.
6. The property transfer tax should be paid.
7. Final Deed signed at the Notary’s office.
8. Registration in your name.



Corporate Ownership.
Owning a property in Portugal using an Corporate Ownership.
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Date: 05-12-2008