The different stages of a real estate sale in Portugal.
- After finding your property, you must go to the Portuguese Finance Department (Finanças) register to obtain a tax identification number (TIN), without this number, you will not be able to sign no sales compromise (CPCV: Compromis de vente et vente) and even open a Bank account at Portugal. To obtain the TIN, all you need is your ID or passport and prooffrom your current home.
⠀⠀⠀⠀⠀⠀ - Signature of the promise to sell (CPCV) which stipulates a date of signature of the Public Sale Act. The payment of the deposit which will be in the order of 10% confirms the promise.
In this step, you can have the help of a lawyer (Solicitador) or a Lawyer: He will participate in the drafting of the sales agreement and validate all documents. (The lawyer or lawyer is not mandatory but it is recommended).
⠀⠀⠀⠀⠀⠀ - Financing set up if the acquisition is not made in cash.
⠀⠀⠀⠀⠀⠀ - Regulation at the Finance Department of IMT tax (municipal tax on expensive transmissions) and from IS: Imposto de Selo (tax stamp). This process is mandatory before signing the Public Act
of sale.
⠀⠀⠀⠀⠀⠀ - Go to the notary (Solicitador, Avocat or Casa Pronta) for the signing of the Public Deed of sale. During this appointment, you must have a cashier’s check payable to the seller of the amount of the remaining price to be paid.
We support you throughout these steps.
*All the information and values mentioned are subject to alteration in accordance with legal updates.
