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

[@TEAM6USA]

A-M-A-Z-I-N-G video. Just a quick remember. The US is a tax haven in general. We are pretty lucky with laws that protect the rich and Portugal will suck you dry in taxes. Starting with the 6-7,5% tax to purchase a home. And you don't expect the same standards we have here in service either. But the food is amazing, weather in Algarve in particular is perfect, people are nice to you and cost of living is great comparing to any major city in America or Europe. Portugal is for sure an hidden gem.

[@portugalrealestate]

There are many ways to optimize taxes. In the US you have inheritance taxes.

[@valentinaestacio6693]

Sra a muitas mentiras no you tube você está a dizer as verdades ? etc etc não acredito ,👎👎👎🤪😜😝😛 vi mesmo as VESES e mentiras. E os brasileiros. Invadiram a nete. Por causa do like 👍 por favor não mintam. Porque temos nossas vidas. Estar a perder tempo ,em mentiras. Eu não gosto + nada ++ nada de mentiras por favor rezem ,e não estragam os nossos fillings. E de não 👎acreditar em ninguém eu estou assim. 😂👎👎👎🤥🤥🤥🤥🤥🤥🤥 deviam de ser como O Pinóquio. Nariz a crescer 🤥🤥🤥🤥🤥🤥 🫡🫡 por favor. 🙏

[@MsHumble4]

So very true: builders, real state agents, lawyers … God Help ! Have your own Lawyer from the outside the Village, Town, City. Never Again !!!

[@portugalrealestate]

We coordinate the entire process including contract drafting with lawyers, documents search and title survey, plus inspection, appraisal, insurances, scheduling, translating, etc, etc... :))

[@kulturfreund6631]

Good video and advice. It can get pretty tricky even in your home country, all the more in a foreign one. I’d like to share my experience concerning construction work biding: If you don’t know how long a certain task takes to be done, only agree to pay per hour of work instead of a package price. I once had an electrician doing cables, outlets, circuit board in a very small rural summerhouse and had agreed to pay 500 Euros. - He arrived 8am and was done at noon .- So including first inspection, travel time and some cheap material, he made a sum almost equal to a surgeon in Switzerland. Not bad ! These are the scams you run into in Portugal even if you know a price beforehand. Also negotiate to pay for the materials apart. In a Package Price they‘re very likely to invest little and buy the most basic quality in order to maximize their profit. Or they use less material. I saw a self taught „brick layer“ doing a mix of 17 (!) shovels of sand per one shovel of cement, when the ratio shouldn’t exceed 4:1. - Always try to be around to supervise what they’re doing! Hidden damages and poor work mostly get detected only after time, and who knows if the business will then still exist to be accountable. Even more if it’s not even registered and you paid without receipt. How are you going to sue them?! If you want to play it safe ask for the business license, called >Alvará< so that accidents are insured. For if there’s an accident on your building site you‘ll be responsible for half of the costs of all. This can ruin you. Also ask around locally and at the municipal construction department to see what their reputation is, before hiring a construction company. Another fine trick I saw being used to extract more money is when you perhaps wish some petty alterations in your project during the execution, which cause no extra effort. Like paint this wall blue and the white instead of the other way around. Yet these alterations serve as a pretext to complain that you’re a difficult customer and that that wasn’t what was agreed upon in the bidding etc.. I had this when applying tiles in a bathroom in Lisbon.

[@portugalrealestate]

This is so helpful to our clients. Maybe in the future we could do a zoom meeting and record it so you can share your experience in details. We have clients that unfortunately had similar experiences. One contractor got the downpayment and vanished without even starting the job. There are a LOT of good contractors here though, people just need to be diligent as you advised, before hiring helpers, as they would in any business transaction, specially in a foreign country. Again, thanks for your comment.

[@kulturfreund6631]

Thank you for your acknowledgments. I really do appreciate.

[@TomBTerrific]

I find it risky to be required to put 10% deposit down which goes directly to seller without knowledge of property condition, accuracy of description or potential encumbrance’s on title. If things are negotiable this would be a good start. How much does a buyer agent charge and what liabilities or obligations do the have to the buyer. Talk is so cheap but has little value. I personally don’t trust anyone with regards to property transaction. I have bought numerous properties in my home country and have dodged many undisclosed facts not identified by seller. It’s important to go slowly and carefully through the process and not commit yourself more than the seller is committed.

[@TomBTerrific]

I don’t know if state licenses are required or not to perform certain work. Also is there anything like a permit? I would recommend anyone who has little to no knowledge on a particular task to seek out help from someone you trust. Construction isn’t difficult but nothing is so simple it can’t be screwed up. I would also recommend on major work to have a written statement of work prepared that describes work to be performed, quality of materials used, time needed to complete work and final inspection of work prior to final payment. If you contractor doesn’t like it then find another one.

[@portugalrealestate]

@@TomBTerrific agreed.

[@foto21]

Great video. Looks pretty alluring to use your services. There were some things outlined I'm very glad I saw. I'm already halfway there, nouveau EU citizen.

[@portugalrealestate]

Im glad our video helped! When you feel is the right time, don’t hesitate to fill out our real estate form, so we can either send a proposal or book a consultation, based on our availability at the time 😊

[@kereminan559]

Thank you for the great Tips

[@josianemorales9191]

Thank you,good advice

[@portugalrealestate]

Thank you!!

[@suebowman7258]

Excellent video! I didn’t use a credit facilitator, I wish I did I would have gotten a better mortgage loan rate.

[@portugalrealestate]

Hello Sue, thanks for leaving a comment. Yes, unfortunately this happens in the majority of the cases. Clients go straight to the bank and end up losing the negotiation power for not using a “mortgage broker” here in Portugal.

[@seinfeldcostanza9433]

@@portugalrealestate if you find a lower rate, can you refinance the loan?

[@portugalrealestate]

@@seinfeldcostanza9433 thanks for commenting. You can refinance it but the time to do it depends on what it was agreed on your loan docs.

[@marinastanley1977]

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[@OrganicFreedom]

Wow. So glad I came across this video since we are interested buying a place there. Very informative! Thank you! You've got a new subscriber here.

[@portugalrealestate]

Thank you! ❤️

[@mayasemuwe9999]

Nice, guys, well done

[@portugalrealestate]

Thanks! 😊

[@calvorebuny2578]

Yeah I made the same mistake by choosing a double agent year ago

[@portugalrealestate]

We are sorry to read this!

[@007Jay100]

This what I have been looking for!!!!

[@portugalrealestate]

We are glad we were able to help you! 👍🏻🙏🏻

[@eugeniocameron1322]

Fantastic!!!

[@marinastanley1977]

I ever thought of an online digital decentralized growth stock market, I'm giving advice on the best platform to invest where investors/entrepreneurs trade in gold, crypto currency/Bitcoin?.. In 7 days trading making huge profit... With a 12% value accuracy, but a 9% daily value return, values are made daily with a different percentage, do you know how it works? .. I work with NYSE USA, Everyone can do this, there is a great opportunity for all realtors and investors to invest big because they have more valuable exchange earnings than real estate, Do you have any experience with electronic bitcoin mining before? I will help you are you ready .. VISIT MY CONTACT IN KZbin..

[@martaalegriarocha981]

Great video! About house inspection is not realistic. What’s the point on doing a house inspection in Portugal?

[@portugalrealestate]

Hello Marta, the point is to find potential structural issues, before buying the property. Imagine if the house has hidden problems and you only find out afterwards. We highly recommend inspection to avoid surprises.

[@martaalegriarocha981]

@@portugalrealestate But you generalize, and what's the point on doing a inspection in a new construction? I'm a realtor. Ours constructions are different of most construction in the States.

[@amitria]

I think u r the only agency having such detailing in my knowledge . Great job. How much you charge for golden Visa of 500,000 euro property for family of 4 people. N additional 3 more dependent too?

[@portugalrealestate]

Thank you for reaching out. We are glad our video helped you. Please contact us at [e-mail], 1.888.303.7868, or WhatsApp us at + 1.954.778.4930. We will schedule a consultation and send a proposal.

[@marinastanley1977]

I ever thought of an online digital decentralized growth stock market, I'm giving advice on the best platform to invest where investors/entrepreneurs trade in gold, crypto currency/Bitcoin?.. In 7 days trading making huge profit... With a 12% value accuracy, but a 9% daily value return, values are made daily with a different percentage, do you know how it works? .. I work with NYSE USA, Everyone can do this, there is a great opportunity for all realtors and investors to invest big because they have more valuable exchange earnings than real estate, Do you have any experience with electronic bitcoin mining before? I will help you are you ready .. VISIT MY CONTACT IN KZbin..

[@radarasmarie3404]

What is exactly a double agent notion/meaning ? how it works exactly?? what are the inconvenients?? can you give us an example please??? Thanks

[@portugalrealestate]

Double agent is when the same agent represents both the property’s owner and the potential buyer. Usually this happens when the buyer calls the listing agent and allow this agent to represent both parties, not understating that the agent loyalty and contract is first with the property’s owner, which is not good for negotiation and legal protection.

[@kendalbrenneman]

What is that website you showed? For property hunting?

[@portugalrealestate]

brintportugal.pt idealista.pt imovirtual.com casa.sapo.com custojusto.pt https//olx.pt We work with unlimited nationwide inventory Contact us for more details. We don’t have our own listings, in order to show you the best available properties in multiple portals. We also have access to off market and by owner properties)

[@christinabayma119]

We may reach out to you for our scouting trip in 2023.

[@portugalrealestate]

We look forward to meet you!

[@ShaminDoctor]

I am looking for a hotel that hopefully still in business and I want a pool land for gardening and palm trees

[@portugalrealestate]

Hi Rowe, would you please get in touch with us by filling out this form: brintportugal.com/initial-consultation-real-estate/ we will be glad to send you a few options. Thanks for reaching out!

[@S-hasnainmazhar]

How much minimum amount required for resident visa for a family in portugal

[@portugalrealestate]

It depends on the number of family members. Right now because of the delay in the family regrouping process, we are recommending 2 visas for a couple, and the kids can regroup later. The math will be based on the number of kids. 33% the minimum wage for each kid per month. Please fill out our consultation form and we will be glad to let you know the total amount for your family and also send you a proposal for our immigration / consultation services. Thank you!

[@danielpereiracarvalho7452]

500.000€ or less I dont see the person of the vídeo giving this type of information

[@portugalrealestate]

@@danielpereiracarvalho7452 for the golden visa in high density cities is 500k, and for low density can be as low as 280k. For the D7 visa is 705€ for the first adult multiplied by one year, 50% of this for the spouse and 33% of this for each kid.

[@escapeearth2327]

Does a buyer still has to hire a lawyer in addition to hiring your company?

[@portugalrealestate]

Hello Black, legal protection is included in our package. We use our lawyers and notaries in the process.

[@nolavilliano4884]

I'm a 74 yr old retired and my finance is on fixed income disability but not near retirement age. Does anyone know if we can get a mortgage in Portugal?

[@portugalrealestate]

Hello Nola, unfortunately some banks only accept to finance for clients up to 72 years old and some have the limit set at 75.

[@nationnofire]

Do not trust Portuguese solicitors , One has spent my money from a property sale on her tax affairs and there’s nothing I can do about it

[@joserego9210]

I’m a Portuguese Canadian and my advice to everyone. Trust no one in Portugal when it comes to Business. I purchased an apartment trusting my rep there and it turned up to be a nightmare. Again trust no one specially when they smell dollars.

[@luisfilipe534]

Real estate speculation by foreigners is making impossible for locals to buy or rent a house

[@portugalrealestate]

Absolutely, we collaborate exclusively with qualified buyers, leveraging comprehensive local market data to negotiate the most favorable prices. Our expertise ensures our clients avoid overpaying and secure the best possible investment opportunities.

[@luisfilipe534]

@@portugalrealestate several countries with less severe house crisis then Portugal dont allow non residents to purchase residencial houses because that leads to distortion of prices to locals. Exacly what Portugal should do

[@darenbyers4291]

I dont believe that maybe is popular tourist area, but their are thousands listings all over Portugal sittingvon the market constantly . Some forv6 months or longer, many foreigners bit properties in disrepair. Think the contributions foreigners add outways the negatives by a long shot. If Portugal had no foreign money coming in via expats etc, their would even be less people in Portugal that could buy houses!

[@luisfilipe534]

@@darenbyers4291 you wrong. We are having a new wave of emigration among youngsters precisely they cant afford to buy or even rent a house here due to real estate speculation and short rentals business for tourists.

[@darenbyers4291]

@@luisfilipe534 probably because they all went to live in city centers. Check for sale properties there is 1000s upon 1000s, why do you thing Portugal is letting so many people, its because country is going broke without foreign money. Stop it will only worse, less income etc. There is 10,000 of thousands of abandoned properties all over Portugal.

[@beverlylawrence131]

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