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Your Guide to Buying a House in Portugal: Essential Steps to Follow

Lisbon, Portugal, is a beautiful and vibrant city attracting people from all over the world. It is known for its rich history, stunning architecture, and bustling nightlife. If you are considering moving to Lisbon, Portugal, you are making an excellent decision.

However, before you start packing your bags, there are some essential steps you need to follow to buy a house in Lisbon, Portugal. But which actions should first-time homebuyers follow to ensure a seamless home-buying experience? Here are some ideas.


1. Define Objectives

Before looking for a house, you need to define your objectives. What type of house are you looking for? What are your must-haves? Do you want a place in the city centre or the suburbs? These are essential questions to answer before you start your search.

2. Create a Budget

Once you have defined your objectives, you need to establish your budget. How much can you afford to spend on a house? It is essential to be realistic about your budget and consider additional expenses such as legal fees, taxes, and maintenance costs.

3. Research the Market

Before you start looking at houses, it is essential to research the Lisbon property market. It will give you an idea of what to expect regarding prices, neighbourhoods, and types of houses available. You can do this by browsing online property listings or talking to us.

4. Find a Real Estate Agent

Our office can be invaluable when buying a house in Lisbon, Portugal. We can help you find the right property and negotiate the best price. itsk.studio has experience working with international buyers.

5. Do Property Viewing

You can view properties matching your budget and objectives. It is crucial to view several properties before making a decision. This will give you a better idea of what is available and what you can expect for your money.

6. Seek Legal Assistance

Buying a house in Lisbon, Portugal, can be complex, especially for international buyers. It is vital to seek legal assistance to ensure everything is done correctly and complies with Portuguese law. Our lawyer can help you with the paperwork and provide no legal issues with the property.

7. Make an Offer

Once you have found the right property, you can make an offer. It should be based on your budget and the property's market value. itsk.studio can help you with this process and negotiate with the seller on your behalf.

8. Negotiate the Terms

After making an offer, you may need to negotiate the terms of the sale, such as the payment schedule and any additional conditions. It is essential to have a clear understanding of the terms before you sign any contracts.

9. Secure Financing

You must secure a mortgage if you need financing to buy the property. Shopping around and comparing different mortgage options is essential to find the best deal. We can also help you with this process and put you in contact with our morgage broker.

10. Close the Deal

You can close the deal once the sale has been agreed upon and financing has been secured. It involves signing the contracts and transferring the funds. Our lawyer can help you with this process and ensure everything is done correctly.


Conclusion

Buying a house in Lisbon, Portugal can be an exciting and rewarding experience. However, following these essential steps ensures everything is done correctly and complies with Portuguese law. With the help of itsk.studio, you can find the perfect property in Lisbon, Portugal and enjoy all the city's beauty.


Looking for property hunting services in Lisbon? Look no further than itsk.studio. Our team of experienced property experts can help you find the perfect house or apartment in Lisbon. Contact us today at +351 965 306 193 to book a free consultation.


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