Buying your dream home in the sun couldn’t be simpler. We offer advice, guidance
and support every step of the way. To help understand the procedures and legal acts
that are involved in acquiring your property in Portugal, it is always recommended
that qualified advice should be sought in any purchase.
The main steps to owning your home in the sun are:
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1) Inspection Visit
Try before you buy…. whether it be a village house,
linked villa or independent villa in a beach or golf
location, Vigia offer two or three night inspection
visits to help you gather the information you need
to allow you to feel comfortable investing in your
selected property. Our knowledgeable sales advisors
will provide you with expert advice and guidance, as
well as giving you a personal tour around properties
of interest. You will also have the opportunity to
explore and enjoy the region as we understand this
is a major part of the decision making process.
2) Reservation
Once you have made your decision, a reservation
fee of €5,000 is required to secure your property
for two weeks. During this time Vigia sales advisors
will be more than happy to answer any additional
questions, helping to ensure you are fully satisfied
with your choice. Conditions apply to the reservation
fee and should be carefully read and understood.
3) Promissory Contract
A promissory contract is signed between
Vigia and the purchaser which acts as a legally
binding document for both parties. Prior to
signing, the contract should have been fully reviewed by a lawyer. Any questions that arise can
be answered by Vigia’s in-house legal team.
Upon signature a deposit is required, depending
on what type of property you will be investing
in the value will vary, starting from 10% of the
property value (please note that your reservation
fee will be deducted from this amount) During
the construction period there will be further stage
payments required. Again, these will be confirmed
by your sales advisor in advance and you will receive
a structured payment schedule prior to signing.
4) Deed and Registration
Once your property is complete, a deed is booked
and the property is transferred to you on payment
of the final balance due. The property is then
legally yours. Please note the procedure is a little
bit different if you are initially purchasing a plot
of land, with villa to follow. In this instance the
plot will be transferred into your name prior to
property completion. However your lawyer will
advise you on the procedure and so will our in
house legal team.
Following the issuing of the deed your lawyer or
our in house legal team will arrange to have the
deed registered. Time scale varies for this.
-
-
1) Inspection Visit
Try before you buy…. whether it be a village house,
linked villa or independent villa in a beach or golf
location, Vigia offer two or three night inspection
visits to help you gather the information you need
to allow you to feel comfortable investing in your
selected property. Our knowledgeable sales advisors
will provide you with expert advice and guidance, as
well as giving you a personal tour around properties
of interest. You will also have the opportunity to
explore and enjoy the region as we understand this
is a major part of the decision making process.
2) Reservation
Once you have made your decision, a reservation
fee of €5,000 is required to secure your purchase
for two weeks. During this time Vigia sales advisors
will be more than happy to answer any additional
questions, helping to ensure you are fully satisfied
with your choice. Conditions apply to the reservation
fee and should be carefully read and understood.
3) Agreement for sale
A promissory contract is signed between
An agreement for sale contract is signed between
Vigia and the purchaser which acts as a legally
binding document for both parties. Any questions
that arise can be answered by Vigia’s in-house legal term.
Upon signature a deposit is required, depending
on what type of property you will be investing
in the value will vary, starting from 10% of the
property value (please note that your reservation
fee will be deducted from this amount) During
the construction period there will be further stage
payments required. Again, these will be confirmed
by your sales advisor in advance and you will receive
a structured payment schedule prior to signing.
At this stage you will be required to complete due
dilligence, which is a lot easier than it sounds. The
due dilligence is purely to make sure that your
transfer of funds for the purchase is within UK
regulations. This will consist of a questionnaire,
copy of passport and utility bill.
4) Membership certificate
This will be issued upon receipt of check of the
due dilligence. The membership certificate is
proof that you are the owner of that particular
share.