3 common errors when buying a property in Madeira

If your dream is to buy a property on the beautiful island of Madeira, avoid making these 3 mistakes that can cost you a lot of time and money which can turn your dream into a nightmare.
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[@cybilm133]

Maria is wonderful.She and the Prediclub team assisted me in buying my condo in Garajau. Thank you so much. Greetings from Berlin.

[@prediclub_]

Hi Sybille, it was a pleasure working and assisting you. 🤗

[@TextWriter]

You've missed the most important error! Not to buy PT property at all. The PT real estate is 3 times overpriced! This artificial bubble must burst. The average (new) 100m2 apartment costs 400-500 K. Detached houses of the same square will start from 1M and higher! It's OK for California where the average income is a little bit higher than 1200$ per month.

[@dallassukerkin6878]

Sad but true, aye. I am annoyed at myself for not buying when I first was interested several years ago - as you say, houses are now double or triple what they were and they are simply not worth anything like the asking prices.

[@cybilm133]

Well then buy an older home.

[@birdynumnum3473]

Sage advice.

[@paulomoniz3811]

Just the one mistake, paying over the odds for any property.

[@cybilm133]

Buyers determine the price. If nobody buys it prices drop but prices in Madeira keep rising. Prices are comparable to houses and condos in Berlin only that in Madeira the cost for water, HOA fees ...are much cheaper. I pay 30 Euro in Madeira and 380 Euro in Berlin.

[@JoshuaTreeGarden]

Great video

[@VR-wo7ou]

dear friend what happens to the humidity and mold in houses in madeira island

[@donnaanderson5669]

Yea thank you

[@nunesandrew4198]

Very professional and fine lady! It affords you confidence in proceeding to buy, might actually contact them in the near future

[@prediclub_]

Thank you, Maria José will be happy to help you in the future, see you soon.

[@brunonobrega7618]

🙏🙏🙏🙏

[@CarneyFelonLawyer]

We are interested in purchasing a home you just saw listed in Calheta could you tell us how to contact you to view the property?

[@prediclub_]

Hi Dennis, you can contact Maria José by e-mail [e-mail] or by phone call [phone]

[@alicegoncalves172]

Hi Maria Jose how are you? I'm from Canada 🇨🇦 I was born in Sao Vicente Madeira, im thinking of moving back to Madeira for my retirement in a few years, I want to live above the airport do you sale or rent propertys in that area.?

[@prediclub_]

Hi, Alice, yes we sale properties in all Madeira, and of course above the airport, Santa Cruz and Gaula. For more specific questions feel free to contact me by email [e-mail] or by phone [phone]

[@rewaignat3601]

Hi my husband and I are thinking of buying property in Madeira. Would you be able to help us and be our agent or recommend someone. Thank you, Renata

[@prediclub_]

Hi Renata, we will be happy to help you with the purchase of a house on the beautiful island of Madeira. We leave our contact so you can get in touch :) [e-mail] [phone]

[@GH-zy2dh]

hello Maria is this apt for rent or sale and how much please

[@prediclub_]

Hi Gus H, we dont know which apt are you referring to, please send an email to [e-mail]

[@user-rm1zw7so2c]

Where is Madeira located? Is it in Spain or Portugal?

[@prediclub_]

Hi, Madeira island is located in the Atlantic Ocean and belongs to Portugal, just 1.5 hours flight from Lisbon.

[@rikmarx107]

Do you clearly disclose your commision on a closed deal to your clients , if not , why not ?

[@prediclub_]

Hi Rik Marx, commissions generally in Madeira are at a rate of 5% plus taxes. Whenever we do a listing we always clarify the percentage with our clients before taking on a property for sale. For the buyer there is no commission from the Real Estate. I hope that is is helpful Any other queries please do not hesitate to contact us.

[@rikmarx107]

@@prediclub_ Aprecio tanto a sua resposta , Até a minha visita na Ilha .

[@rikmarx107]

Well informed about the profit of prediclub on every closed deal ??

[@cybilm133]

Thanks to this video I found Maria and she was wonderful and a huge help in buying my property in Canico. Prediclub helped me all the way by getting my tax ID, checking the papers, making sure the seller is the seller and there are no liens on the property, checking the contract, negotiating the price, getting dokuments in Portugiese and English etc. I could not have done it without them. Their fee was paid by the seller by the way. I think they all did a wonderful job. As a foreigner I apreciated all the advice and it is always good working with a real estate agent. I don't even know why anyone would raise the question about their fee. They did a a hell of a job and worked many many hours for me. Naturally they need to be paid for their service. Maria took me to multiple properties around the island which was very much apreciated. Greetings from Berlin.

[@kulturfreund6631]

Who buys a property without having visited it?

[@prediclub_]

Unfortunately situations like this happen. For example a family member or a friend.

[@thewatchfuleye8401]

I have bought 16 residences -- Sight unseen. It all depends on real estate agrnts involved, trust, commnication, pics and videos. All worked out well.

[@MAYK1NG]

Many!!

[@cybilm133]

I did. Visited the property via 1 hour video call with Maria. Loved it. Had an inspection done. Bought it. Very happy with the purchase, Maria was wonderful.

[@Jamesmatthews]

I'd love to speak with Maria or the Prediclub team about a property I'm interested in and need some advice. Whats your email? Thanks!

[@prediclub_]

Hi James, feel free to contact Maria via email: [e-mail]

[@melvinhayes2554]

𝓟Ř𝔬𝓂𝔬𝐒ϻ 🤷