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The purchase process is a fairly standard procedure… pitfalls of buying property in Portugal
The purchase process is a fairly standard procedure…
Well, not quite.
One might feel it, but in fact, it's not like that at all.
Although there some similarities there are lot is different things between your home country and Portugal, and not knowing them and safeguarding yourself from them might be a big headache in the future.
One thing is what you see – beautiful piece of land, lovely house, either finished or needing to be restored.
Another is what the paperwork tells about that property.
Some issues you can face are:
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What is a title deed?
Think of it has the end of a journey.
You decide you want to leave your home country and start to find out countries that suite your intentions.
You see recommendations over Portugal, that the country is secure, people are friendly, the rural landscape is beautiful, the sunshine is immense, and you consider that option.
You begin to look for a property, and you find the right one.
Then you want to come over to visit it.
You come and visit it, make contact with the owner or the real estate.
...
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What you see isn’t always what you get (when you buy property in Portugal)
This applies commonly in Portugal, when you purchase a property in rural areas.
People come many times to buy land, old houses or both altogether.
If you want to buy a property, you come, see one or more, find the right one, and fall in love with it.
And then you begin immediately to imagine what you could do to put it just like you want for your dreamed future.
And that’s ok.
Then you begin to negotiate the price, you can even reach an agreement, shake hands and that’s it.
Well, not quite.
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