Whenever you are buying or selling a property in Portugal you need to appoint a lawyer to protect your interests and insure that all the legalities are correct. The work that the lawyer will do on your behalf will include:
• Power of Attorney to act as your legal representative;
• Obtaining and checking all the documents of the property;
• Checking that there is no loan or taxes outstanding on the property;
• Drafting, checking and signing of the Promissory Contract;
• Pre-registration and registration of the Title Deeds;
• Signing at the Notary for the transfer of the Title Deeds;
• Paying the agent fees according to the Client / Agent contract;
• Changing the electricity and water with the respective companies;
• Holding and paying any overdue capital gains tax on the property.
For this Legal Service the standard rate charged by Lawyers in Portugal is 1% plus IVA (VAT) of the sale price of the property, which can amount to a substantial amount of money.
AlgarveHomesFinder.com has negotiated a Exclusive Low Cost Fixed Legal Fee with a number of professional law firms across the Algarve to either sell or buy a property, saving you €uros 1,000’s on your legal fees whether you are buying or selling a property.
This alone saves you on average 5 times the cost of advertising your property with us giving you even more reasons to list your property for sale today.
See the chart below to better appreciate how much you could save when Buying or Selling a property using AlgarveHomesFinder.com:
SALES PRICE | TOTAL LEGAL COST | SELLING SAVING | BUYING SAVING |
100,000 € | 1,230 € | 430.50 € | 61.50 € |
200,000 € | 2,460 € | 1,660.50 € | 1,291.50 € |
300,000 € | 3,690 € | 2,890.50 € | 2,521.50 € |
400,000 € | 4,920 € | 4,120.50 € | 3,751.50 € |
500,000 € | 6,150 € | 5,350.50 € | 4,981.50 € |
750,000 € | 9,225 € | 8,425.50 € | 8,056.50 € |
1,000,000 € | 12,300 € | 11,500.50 € | 11,131.50 € |
To qualify for this Exclusive Low Cost Legal Service all you need to do is:
When Buying
Purchase a property through one of AlgarveHomesFinder.com approved estate agents and developpers or buy a property direct from a seller who has listed their property in our “For Sale By Owner” section on our website.
When Selling
Advertise your property for sale on our site and whether the property is sold through our property portal or another estate agent you will still qualify for this special rate. By simply advertising your property on our website you can save the cost of your listing fee many times over from the savings you have made on the legal fees alone.
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