8 Mistakes Expats Make when Buying Real Estate in Portugal #buyhouseinportugal #realestateportugal
In this video, we show a list of the 8 mistakes ex-pats make when buying property in Portugal.
We asked one of our clients to share his experience as a seasoned real estate investor in the US, buying in Portugal through our services. Here is his testimonial:
https://www.youtube.com/watch?v=kMxCcwG-iSc
00:00 Portugal Buyer’s Agent
00:05 1st Mistake: Choosing an International Double Real Estate Agent
00:43 2nd Mistake: Not getting legal protection
01:28 3rd Mistake: Lack of tough negotiation
01:59 4th Mistake: Not hiring property inspection
02:35 5th Mistake: Not understanding energy classification
3:12 6th Mistake: Not having a credit facilitator
3:53 7th Mistake: To Think real estate in Portugal is the same as in the USA or other countries
4:49 8th Mistake: The lack of market study for Portugal investment properties
6:04 Conclusion
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Portugal Real Estate & Exclusive Buyer's Agency (EBA):
Fill out the form to schedule a consultation:
https://brintportugal.com/init....ial-consultation-rea
Brint EBA includes:
• Up to €1000 on House Inspection
(Structural inspection of the property is carried out by a specialized, trusted inspection team. The technical report includes details and photos);
• Up to €250 on Appraisal Fees
(Assessment of the property's market value is essential for the bank credit process and assurance).
• Additional Comparative study of properties in the chosen region to negotiate the asking price;
• Legal Protection: Examination of property documents and final analysis after the property's owner makes corrections on document's issues;
• Preparation, review, and negotiation of the CPCV Promissory Contract to protect your deposit (no escrow accounts in Portugal) with the contingencies needed;
• Multi-Agency Listings from National Database including owner's listings
•Finance Dossier in Portuguese for a bank loan
•Pre-approval in multiple banks for best rates and conditions
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▸ Learn more about our Portugal Exclusive Buyer's Agent Program at:
https://brintportugal.com/portugal-buyers-agent/
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▸ At Brint, we will help you to avoid these 8 mistakes when buying a house in Portugal:
▸ 1st Mistake: Choosing an International Double Agent / traditional realtor in Portugal:
Double agents work for the seller and the buyer, so they won't negotiate on your behalf. Portugal Exclusive Buyer's Agents have no extra cost and add so much protection to your real estate process.
▸ 2nd Mistake: Not getting legal protection:
You could potentially lose your 10% deposit if you don't add important clauses to the CPCV contract.
▸ 3rd Mistake: Lack of tough negotiation in Portugal Real Estate Deals:
Sales prices in Portugal are negotiable;
Don't accept to pay more than you should!
▸ 4th Mistake: Not hiring property inspection:
Choose to work with an exclusive buyer's agent in Portugal, that has a property inspector they work with and trust. Additionally, the inspection results should be on the CPCV contract as a condition to close the deal.
▸ 5th Mistake: Not understanding energy classification:
If you buy a house in Portugal rated F, it means your energy bill will be high, but even worse, your family can have a real hard time here, transforming the dream of owning a house in Europe into a daily nightmare.
▸ 6th Mistake: Not having a credit facilitator in Portugal - Mortgage Consultant
▸ 7th Mistake: To Think real estate in Portugal is the same as in the USA or other countries:
▸ 8th Mistake: The lack of market study for Portugal investment properties:
Portugal Vacation rentals are their first option, because of the explosion of tourism in the country. Real estate prices, although rising, are still more attractive than in the USA and other countries. Therefore, it is key to search for the best location.
▸ At Brint, we are not just a premier Portugal exclusive buying agency. We also have a legal team to help us with visas and property Legal Protection.
In addition, we offer Expat Transition Roadmap services.
Do you know that friend that greets you at the airport when you arrive in a foreign country? Here, in Portugal, it is called Brint. So, let's go on this journey together!
▶️ Visit Now: https://brintportugal.com/
▶️ Book a Consultation: https://brintportugal.com/initial-consultation/
▶️ Instagram: https://www.instagram.com/brintportugal/
▶️ hello@brintportugal.com
▶️ CALL US: +1 888 303 7868
▶️ WhatsApp Us: +1 954 778 4930
▶️ US Office: 1200 N Federal Hwy #200. Boca Raton, FL 33432
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#portugalrealestate #exclusivebuyersagent #portugalbuyersagent #portugalbuyersagency #realestateportugal #buyinghouseportugal #buyinghouseinthealgarve #buyinghouseinlisbon #buyinghouseinporto #buyingpropertyportugal #portugalrealestate #portugalgoldenvisa #portugalretirement #d7visa #goldenvisa
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