Buying a house in Portugal doesn't have to be a complicated process - as long as you understand the rules!
The deed of property is a fundamental element to successfully finalize the process of buying a dwelling. Find out more.
Buying a house follows a process composed of some steps that must be followed rigorously, in order to ensure that it does not precipitate and everything proceeds according to the law. First, it is necessary to choose the house, decide if it is the one, ask for the loan, evaluate the associated costs and finally exceeded all these steps, make the deed of property. It is about this last moment – real estate deed – that we will focus, indicating to you everything you need to know.
KNOW ALL THAT IS NECESSARY TO DO THE DEED OF PROPERTY
The deed of property corresponds to the final stage of conclusion of the contract. From this moment on, the buyer becomes the legal owner of the property. Find out what several steps make up this phase.
Payment of IMT (Municipal Property Transfer Tax): If you are not exempt from this tax, get information on how to pay it on the official finance website or in a financial office near you. Proof of settlement of the IMT must be presented at the time of the deed.
Acquisition and mortgage records: The deeds of purchase and sale and loan with mortgage are celebrated in a Notary's Office or a Land Registry Office. Acquisition and mortgage records are required while reading the deed.
Purchase and sale and mortgage deed: The time of deed encompasses two moments. The first corresponds to the conclusion of the purchase and sale contract, through which the buyer becomes the owner of the property, and the loan agreement with mortgage in which everything related to housing credit is defined (the value, interest rate, repayment periods, amortizations, etc.). After the conclusion of this last contract, the bank releases the amount necessary to pay the property, to its former owner.
DOCUMENTS NECESSARY FOR THE CELEBRATION OF SCRIPTURE
Calculate taxes when buying a House
Simulator of the Association of Professionals and Real Estate Mediation Companies of Portugal (APEMIP).
Simulate here -- http://apemip.info/info/imt.cfm
We provide (download) a guide support document for buying a house in Portugal, however
we always advise you to consult the services of a lawyer or accountant.