Real Estate in Portugal - 8 Mistakes People Make when Buying Property in Portugal

Are you thinking of investing in Portugal Real Estate? If you're doing it without an exclusive buyers agency, you might be in for a surprise. The Portuguese real estate market differs significantly from the US, Canada, UK, and other countries.

In this video, we share real experiences from our clients and highlight 8 common mistakes expats make when purchasing homes in Portugal. Plus, hear directly from one of our clients, a seasoned US real estate investor, about his successful experience buying property in Portugal through our services. Check out his testimonial!: https://www.youtube.com/watch?v=kMxCcwG-iSc

00:00 Portugal Real Estate: Exclusive Buyer’s Agency
00:05 1st Mistake: Choosing an International Double Real Estate Agent
00:43 2nd Mistake: Not getting legal protection
01:28 3rd Mistake: Lack of tough negotiation
01:59 4th Mistake: Not hiring property inspection
02:35 5th Mistake: Not understanding energy classification
3:12 6th Mistake: Not having a credit facilitator
3:53 7th Mistake: To Think real estate in Portugal is the same as in the USA or other countries
4:49 8th Mistake: The lack of market study for Portugal investment properties
6:04 Conclusion

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Portugal Real Estate & Exclusive Buyer's Agency (EBA):
Fill out the form to schedule a planning session:
https://brintportugal.com/initial-consultation-real-estate/

Essential Checklist for Your Property Purchase in Portugal:

-Property Inspection: for a thorough structural examination of the property. Receive a detailed technical report complete with photographs.
-Appraisal: Assess the property's market value, a crucial step for bank credit processing and assurance.
-Comparative Property Study: Conduct an additional analysis of properties in your chosen region to enhance negotiation leverage on the asking price.
-Legal Protection: Ensure a meticulous examination of property documents, with a final review after necessary corrections are made by the owner.
-CPCV Promissory Contract: Prepare, review, and negotiate this contract to safeguard your deposit. Note that there are no escrow accounts in Portugal.
-Multi-Agency Listings: Access listings from the National Database, including owner's listings, for a comprehensive property search.
-Finance Dossier: Compile a finance dossier in Portuguese to facilitate the bank loan application process.
-Pre-Approval: Secure pre-approval from multiple banks to secure the best rates and conditions for your mortgage.
-Insurances: Consider various insurance options to protect your investment.
-Comprehensive Coordination: Partner with an agency that will expertly coordinate all aspects of your property purchase, ensuring a smooth and successful transaction.
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▸ At Brint, we will help you to avoid these 8 mistakes when buying a house in Portugal:

▸ 1st Mistake: Choosing an International Double Real Estate Agent in Portugal:
Double agents work for the seller and the buyer, so they won't negotiate on your behalf. Portugal Exclusive Buyer's Agents have no extra cost and add so much protection to your real estate process.

▸ 2nd Mistake: Not getting legal protection:
You could potentially lose your 10% deposit if you don't add important clauses to the CPCV contract.

▸ 3rd Mistake: Lack of tough negotiation in Portugal Real Estate Deals:
Sales prices in Portugal are negotiable;
Don't accept to pay more than you should!

▸ 4th Mistake: Not hiring property inspection:
Choose to work with an exclusive buyer's agent in Portugal, that has a property inspector they work with and trust. Additionally, the inspection results should be on the CPCV contract as a condition to close the deal.

▸ 5th Mistake: Not understanding energy classification:
If you buy a house in Portugal rated F, it means your energy bill will be high, but even worse, your family can have a really hard time here, transforming the dream of owning a house in Europe into a daily nightmare.

▸ 6th Mistake: Not having a credit facilitator in Portugal - Mortgage Consultant

▸ 7th Mistake: To Think real estate in Portugal is the same as in the USA or other countries:

▸ 8th Mistake: The lack of market study for Portugal investment properties:
Portugal Vacation rentals are their first option, because of the explosion of tourism in the country. Real estate prices, although rising, are still more attractive than in the USA and other countries. Therefore, it is key to search for the best location.

In addition, we offer Relocation services.

Do you know that friend who greets you at the airport when you arrive in a foreign country? Here, in Portugal, it is called Brint. So, let's go on this journey together!

▶️ WhatsApp Us: +1 954 778 4930

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