Selling a house in Portugal

Sell house in Portugal it is an often complex process, so it will be important to clarify the different phases and mandatory documentation regarding the sale of a real estate asset located in our country; however, in addition to the mandatory steps, all properties will have to undergo a personalized analysis.

Alone or with a professional?

f you are here, it is because there will, in principle, be pertinent questions regarding the sale of such a precious asset.

Especially because, in addition to the typical sales sign and the ever so personalized “word of mouth”, multiple tools will be available nowadays that allow us to reach a large number of potential buyers: from the social networks were promoted to the various online platforms dedicated to promoting properties, among others.

By opting for a real estate agency, they will, normally and in a professional and distinct manner, promote and advertise the property, deal with potential buyers, plan and carry out visits, negotiate... this in addition to processing all the necessary documentation, qualifying the property for its dissemination and future sale; It is a remunerative option, with commissions on the amount of the sale that may vary between 4% and 6% - however, figures between 3% and 8% can be observed.

In the professional context, a pertinent question still remains regarding the type of real estate mediation contract (CMI)… open or exclusive?

Doubts? Talk to us about it, or contact us, by email or WhatsApp.

Documentation

Required documentation
To begin the process of selling a property, its promotion, the subsequent conclusion of the Purchase and Sale Promise Contract (CPCV) - with, or without, a credit request from the potential buyer - and the respective conclusion with the public deed, it will be necessary to obtain all associated documents; like this:

Land Registration Certificate (CRP)
Obtained from the Land Registry Office, it allows you to consult the history of the property, the registrations made, particularly pending ones, in addition to certifying its ownership; It is valid for 6 months and can be requested on the Predial Online platform, at a cost of €15, in its full version.
Predial Booklet (CP)
Also known as a matrix certificate, the Caderneta Predial describes the tax status of the property, in addition to other relevant information: its description, location, identification of the owner(s) and the asset value of the property, which will validate the calculation of Municipal Property Tax (IMI).
Use license (LU)
It is the document that details the type of use for which the property is intended, which results in its purpose, residential or non-residential. They can be obtained from the respective City Council.
Property plan
The property plan, which involves its different areas – gross or useful, for example – is the document that attests to the composition and distribution of the property, and its respective allocation (kitchen, living room, bedroom…); consultation is also possible with the respective City Council.
Energy Certificate (CE)
The Energy Certificate is a document that measures and evaluates the energy efficiency of a property, on a scale from very efficient (A+) to not very efficient (F), validated by technicians accredited by the Energy Agency (ADENE); It has been mandatory since 2013 for anyone looking to sell or rent a property. It is valid for 10 to 8 years, in the latter case for large commercial and service buildings.
Housing Technical Data Sheet (FTH)
Mandatory for residential properties built after March 2004, this is the document that contains information on the architectural project, the characteristics of the work, the materials involved and any changes made during the (re)construction of the property.

Real Estate Valuation

Thus, the floor of a property, solar orientation, access, view, typology, construction quality, construction date, finishes, state of conservation, available equipment, ease of parking, proximity to public transport, services, commerce and different infrastructures (health, educational, leisure or sports) whether public or private, are essential for determining the right sales price, an essential factor in obtaining the contact details of potential buyers, future owners.

And all of this is true for a housing unit, a plot of urban land, an estate, a mansion…

Since real estate valuation is, for many, more of an art than a science, the truth is that the objective is to reduce its subjective nature as much as possible, surrounding the process with the greatest number of measurable data so that the value can be determined. right, avoiding, on the one hand, false expectations for the owners and, on the other, the likely unpleasantness during the – always possible – real estate valuation…

With WesthouseE, you can obtain the most independent, professional and personalized assessment possible, without any commitment for either party and, of course, at no cost to you!

WesthouseE: properties in the right direction!

Determining the sales price of a property goes far beyond the closed metric of value per m2, although the usual key factors, location, condition, area, type and nature of the property remain central.

In fact, two exactly the same properties, in the same area, may have a different value as long as one has a privileged view…