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Selling Property in Portugal
One of the most important parts of selling your property in Portugal is finding the right real estate agency. Some real estate agencies offer a huge number of properties in all parts of Portugal. On the other side, at Be Cherish we focus in areas we know best, offering buyers unrivalled services on the market.
Portugal's law allows you to put your real estate for sale through as many agencies as you want, at the same time. However, many of those agencies will just list your property and wait for a buyer to come. At Be Cherish we have a quite different proactive approach to you as a real estate seller and a buyer.
The first part in selling your property is listing it with a real estate agent, you will need to make sure all your documents are up to date and that any alterations that have been made are registered with the municipality.
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Documents required to list your property
To sell your property you will need to prepare the following documents:
- Certidão De Registo Predial (Land Registry Certificate)
- Certidão Das Finanças or Caderneta Predial (Tax Card/Certificate)
- Licença De Utilização or Declaration if prior to 1951 (Habitation Licence)
- Certificado Energético – Compulsory for all properties for sale since 2013 (Energy Certificate)
- ID’s and Fiscal Numbers of Proprietors (passport or ID card and Portuguese Tax number)
- Ficha Técnica for all properties built after 2004
Along with these documents our agent will take pictures and write a unique description for your property for sale and enter it on to our real estate database, then you can sit back, relax and leave the rest to us.
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Promissory Contract
This contract is signed by you and the buyer, and is the first legal binding contract. On promissory contract, you will receive the deposit, which is usually between 10-30%.
As this contract is legally binding, the deposit normally is non-refundable.
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Final deeds
About 30 to 60 days after the promissory contract, depending on the situation, the final deed is signed and the remaining balance is paid. This process involves the seller, the buyer, and the notary.
The notary guides the process for both parties at the final deed, after which you have officially sold your property!