When purchasing a villa, apartment, townhouse or building plot in the Algarve one should always proceed according to the buying process in Portugal.
With any property purchase deal whether in the Algarve, or abroad we always advice to work with registered and licensed companies. Whether it is your Algarve real estate agency, builder, architect, lawyer etc. Working with professionals can make you life a lot easier, saving time, taking the stress out of finding and buying a villa in the Algarve but also safer. The Algarve property professionals will know the local real estate markets very well and can show you where the good deals are.
We ourselves have been active in the Algarve property sales for about 10 years and as a successful local and government licensed real estate agency we have many experiences which can help you in finding the right property in the sunny south of Portugal.
The buying process for finding and buying a property in the Algarve will start for most buyers with scouting the internet and searching property websites like ours.
Contacting local real estate agents like buy property algarve will be the next step and sorting our viewing arrangements.
From just searching property portals and website you can get a general idea of the property, area and surrounding areas but it is very important to physically spend some time visiting the Algarve and properties you have suiting your own property wish list.
Generally clients will shortlist a number of interesting homes they have visited in the Algarve before organizing second visits and in a later stage placing an offer.
As in the Algarve most resale properties will be sold by individual vendors it is hard to give a general guideline on the type of offers vendors will accept, your real estate agent can assist you with this. /
Once you have an offer accepted the exciting part begins of becoming an Algarve property owner. You will need to enlist the assistance of a solicitor or lawyer who can do check all the legal and financial aspects of the property.
In Portugal most common is the payment of 10% on the promissory contract and remainder on the deeds. However deals can be structured differently suiting both parties.
Once the property deeds are done you can enjoy the fantastic life in the sunny Algarve.
Rua Ernesto Cabrita
Edificio Vales, Loja -A
8400 387 Lagoa - Algarve - Portugal
Tel.: +351 282 353 019
Fax: +351 282 381 421
Mobile: +351 918 024 082