Lawyer Silver Coast - Page 2

omostra06 · #11 (**permalink**) 27th October 2009, 09:48 AM

Just to add to the post above, although it is not a legal requirement to use the services of a Lawyer when purchasing a property in Portugal. I would strongly advice that you do. for the sake of approx 500 euros a good Lawyer can save you a mountain of problems.

It is best to choose an inci registered agent to help find the right property for you, there are a lot of people that are working unlicensed and illegaly here in Portugal, avoid using these people and stick to well recomended agents, that are established and have a good reputation, that way you should avoid the problems that some people experiance here.

Try visiting the region you are interested in and speaking to the locals and expats, you will soon learn the good agents from the bad ones.

siobhanwf · #12 (**permalink**) 27th October 2009, 09:50 AM

Hi Mr. Blueskies
Friends of mine bought recently and dealt directly with the builder...house found.. bought...moved in in 3 days.

omostra06 · #13 (**permalink**) 27th October 2009, 10:12 AM

Buying a new build can be a very quick process, as the paperwork should all be upto date and ready to go, you can also go straight to completion without doing a promessa contract, this speeds things up and keeps the Lawyers cost down too,

Mr.Blueskies · #14 (**permalink**) 27th October 2009, 10:16 AM

"That was me Siobhan, P&C lol

Hugs and kisses. xxxxxxx

siobhanwf · #15 (**permalink**) 27th October 2009, 10:21 AM

and to you too!!!!

siobhanwf · #16 (**permalink**) 27th October 2009, 10:22 AM

Quote:

Originally Posted by omostra06

Buying a new build can be a very quick process, as the paperwork should all be upto date and ready to go, you can also go straight to completion without doing a promessa contract, this speeds things up and keeps the Lawyers cost down too,

Wish I'd know this when we bought. Our original lawyer, suggested by the estate agent was C**P

Mr.Blueskies · #17 (**permalink**) 27th October 2009, 10:34 AM

Buying a new build is definately the way to go. There are no sitting tenants, chains,
family disputes, or massive debt on the place that you are not told about. Also all new builds are structurally guaranteed and there will be paperwork for everything so you have assurances that everything is up to specifications and top notch. A very good deal can also be had if the builder is being squeezed by the bank. Such a builder will definately be prepared to negotiate. But only consider a fully completed property and try to ensure that the builder is well established with a good local reputation and not a fly by night who is likely to disappear.

I wasted 6 months and a considerable sum of money on a used property, because the vendor was up to his neck in debt and could not meet his financial obligations or honour the agreement (verbal) that he had made with me. Used houses (depending on age) usually have no insulation, terrible electrics, diabolical plumbing and are not on mains sewage ie (septic tanks) lots of these septic tanks are way too close to the dwelling also.

We are very happy with our new house and I feel that we had a very lucky escape. I often drive past that old place and shudder at what might have been. It would have been a nightmare to put right.
Happy days now.

omostra06 · #18 (**permalink**) 27th October 2009, 01:36 PM

buying from a builder has just the same risk of debt on the property as from a private owner (possibly even more risk) regardless of new or old property, builder or private seller, there are checks that need to be done before you sign to buy anything to ensure there is no debt,this is very straight forward process to make these checks.

siobhanwf · #19 (**permalink**) 27th October 2009, 02:02 PM

I agree about the debt on the part of a builder.
The builder we bought from has in the past few months lost 5 of the properties he has built to debtors. One totally to the bank and three to the people who installed the windows /doors etc in all the properties.
He has now lost his own personal house to the financas (non payment of IRS and Social Security)
He has one house left to sell. Friends are renting it at the moment as they have agreed to buy once their house is sold in UK or a mortgage can be arranged. This agreement is set in stone. But then the bank could repossess or the financas step in.
One other thing of course is that the 5 year warranty is now of no good whatsoever!!!

Mr.Blueskies · #20 (**permalink**) 28th October 2009, 01:09 PM

"Yes Derek, there are checks that need to be done ! The problem is, that
some lawyers and agents after doing these checks (supposedly on your behalf)
do not feel the need to inform you of their findings.