A relative (by marriage) drove by his grandmother's house and found a British family living in the house. He spoke with the couple and was told they had bought the house. So he said "no you didn't, because I'm one of the owners and I didn't authorize the sale." Grandmother had died receny and one of the cousins sold the house without probate. Case went to court. The British couple had to vacate the house, the cousin, who had sold the house, had to refund the British couple. The house remains off market and occupied by the great granddaughter as designated in grandmother's will.
Exactly right on agents! Some builders ask 50% if the condo is in the process of construction. ..paid over the time it is under construction. Always speak to the agent before looking at any or considering any property. You CANNOT get a buyer's agent in Portugal if you sign the contract first. How much did you pay your attorney to close the purchase of your condo? You said there is no title? What shows ownership besides being registered or listed with the city government?
The deed should be under your name and put in your name when you sign. The standard price for an attorney is about 1 percent of the purchase price. Well worth the investigation.
Veronica... You are so thorough! I have wanted to look into an ocean front property or something very close for myself for over a year, my Sister found you. I have seen a few of your videos and they are super helpful. I think a buyers dream is to find someone like you to help oneself through the process and appreciate your willingness to help. I am sure you are busy receiving and responding to inquiries all the time. I will try to find you though email and start my process of asking questions. Thank you so much!
Aww thank you, where are you located now? I'm sorry it's taken a year to find what you like. There are lots of great properties which never hit the market so it's good to have an agent who is looking for you. Which town did you decide to move to? My email is info@americaninportugal.com
We are so happy that we spoke with you Veronica. Your knowledge and experience is invaluable. Worth every $, Euro, pound that someone pays per hour to consult with you.
Aww thank you Thomas. Big hugs and I’m glad that you dodged a bullet with the new AL laws. Always a moving target with real estate here so number one priority is loving the place you buy for yourselves and income is secondary.
This is an incredible video Veronica. I made a trip there in May and it was crazy with the real estate scene.I had inquired online About various properties and then they captured me and said I was their client. Then they won’t let you go with the buyers agent if you just inquired. I get to choose who do I work with not them decide I’m their client. I was told that you need different agents because they only work their own inventory. There was no MLS, you are completely correct that you cannot see what it sold for. We are stabbing in the dark. The fact that you have a software program that gives you that information is a gold mine.
You've hit the nail on the head Janis. NEVER inquire about a property prior to engaging your One and Only Agent. The good agents will work together and those who don't then you don't want to support. Many times the same property is listed by up to 30 agents (can you believe it, it's crazy). So when my fabulous agents see a property which will be a fit for you they log into the system to see all the agents who have it listed (you can't only sell your own it isn't the ethical thing to do) we pick the agent who is the best and most ethical agent in town to work with. Never go direct to the listing agent or you have two things happen 1. to your point they log you and now you are stuck with them, 2. you lose the opportunity to have a good agent work for you (a good agent will ask if you have worked with another agent and won't work with you if you have). This is because it's a waste of their time if you're contacting agents all over town (shows that you are not loyal and why should they waste time and money on you if you're just going to go to the next property and agent) and you get a bad name around town so none of the good agents will return your calls or emails. The best way to have the best agent is to get a referal (from me if you want the East Algarve) and then to stay loyal. They will take great care of you.
@@elizabeth4914 it's just the culture of real estate here, it will change in time and we will eventually have an MLS type of group here soon...working on it. Ethics and we can brand the groups so you know you're working with the highest quality and experienced agents.
This is definitely a "slice of life video" for those of us planning to emigrate! Thank you so much for this honest and eye-opening description of what to expect. I so appreciate getting the realities in detail. Looking forward to buying you uma vinho in person some day!
I know, it can be a lot. They just need more protections in place like we are used to. But it works well with my little checklist of survey, pulling permits, checking finances, attorney (personal not the agency) writing the cpcv, etc. my people have been protected. It’s copying the model I’m used to from CA and plugging in missing pieces and it’s streamlined. Attorney and agent have the most time consuming jobs but it protects the clients. People here don’t even think of ch coming the homeowners association funds for proper operating capital and no debt before they buy. We are so protected in CA that people assume every country is the same.
If there was an award for most informative video on the internet this one would win. Thanks for the knowledge. You probably would have saved me from making mistakes. I can't wait to retire there.
@@AmericanInPortugal I need to be 55 for full pension. So just under 3.5 years to go. I've never been to Europe but I do my research before making big decisions. Portugal seems like the place to be. I do know a lot of Brazilian Portuguese since I've been there about 14 times (again this December until February). I'm definitely not a Canadian winter kind of guy. I'll probably plan a trip to Portugal next year though.
@@waynenowlin definitely plan some visits so you can research (fun to research the lovely towns here) to see which areas speak to you the most. You've been to Brazil 14 times?
This is by FAR the Most Indormative video on the process of buying RE. I am an active real estate agent in Toronto myself and I totally agree with you 100000000% on everything! Well done darling Victoria. Well done 👍🏻 🎉❤🎉❤
Awww big hugs. I believe in fabulous real estate professionals and believe they should be supported and respected. Can’t wait to see you here on this side of the pond.
I agree however, there are several other prominent RUclipsrs in Portugal, stating that seller agents won’t even acknowledge buyer agents. They say it is due to the sheer number of people looking for a place versus how many are available. The agents do not want to share their commissions. And one more note here in the Midwest, US, very few people use a buyers agent.
We have a program which works great, also we purchase a program which lists every agent who lists the property so we can pick the ones who work best with Americans. The program is a big success so far. We have a system just like the states and pick only the agents who are the most reputable and responsive. The ones I use understand that they are not "sharing" commission but earning their "commission" standard here is 5% so 2.5 to the listing agent and 2.5 to the agent with the buyer. I try to avoid dual agency when possible.
Are there areas in the Algarve where you dont have any buyers and listing agents you would recommend? I ask because im not certain of where we want to land. Can you do the same with rental agents? Applying for D7 , need a year lease first. Sounds really dodgy in Pt to work in r e. And to go through the buying process . I was a realtor in California for a long time. So I understand the drill here. So glad to know we have trusted person as you for guidance and you have done the research for us finding ethical agents. TY
@@AmericanInPortugal We are so Blessed to have you there to do such a great work and help all American expats, Veronica. I am expecting my first visit next year and hope it works out for me. Thank you very much.
@@carrie668 I'm so excited for your journey Carrie:). It's a beautiful country and the people are amazing but the culture of real estate needs a bit of tweaking, we will help make it better and easier for everyone
@@AmericanInPortugal All American expats are so Blessed to have the experienced people like you, Veronica, who has such a great passion to help others. Thank you very much for your diligent effort and everything you have done 🙏♥️
I recently discovered your channel and I'm really enjoying it. I have a complex question, and I understand that you're not a specialist in Portuguese tax law. However, suppose I relocate to Portugal and then decide to sell my main residence in the U.S. Would I be subject to tax in Portugal for that sale? I'm concerned that I might be. As you may be aware, the sale of a primary home in the U.S. is not taxed. My spouse and I are considering living in Portugal for a year before selling, just to ensure it's the right fit for us.
Email me at info@americaninportugal.com. I don't give tax advice but don't become a resident here before selling your property there. There can be capital gains taxes on the sale there. Try selling now with a rent back provision so you don't have to move multiple times, but of course only if you are sure of your move. Again email me and to everyone make sure to talk to your home country CPA and one in Portugal to make a solid plan BEFORE becoming a resident :) Great and important question. And the laws keep changing.
@@AmericanInPortugal I appreciate your message. Although I'm not planning to retire for another half-decade, it's important to note that many assumptions don't hold true in Europe. For instance, even straightforward matters like withdrawals from a Roth IRA could be subject to taxation in Portugal, as per what I've heard. Therefore, it might be advisable to withdraw all funds from the IRA while still residing in the USA. Do you agree with this strategy?
Do you know if Portuguese contracts have any conditions on appraised value? I know A lender I briefly spoke to from Portugal mentioned that they require an appraisal on homes. I just wondered if there are any else if it doesn't appraise?
Can you recommend a buyers agent / lawyer in castelo Branco? We would like a buyers agent and a lawyer within the same office but if that is not possible please give me your recommendation for both if you can. Thank you
I found a house which in the past had actually belonged to a friend of mine. The house had been updated and I wanted to buy it. The agent in Albufeira actually told me it was easy, his agency had an attorney, a financial officer, and even worked with a company I could use, instead of a bank, and save 10% on the exchange rate. He also wanted me to sign a blank offer form and he would write in the information later. I refused. The exchange company he recomended was based in London and doesn't do business in the USA where I live... he didn't know of anyone doing inspections before purchasing...
It is unfortunate but there are people out there who just want to take your money. Some online scams can be perpetuated by people who are not even in the country. The internet has made some things so much easier but other things need serious vetting and local professionals.
Hello from SoCal:) We have invested in a property in Tavira that is being renovation. Should be completed next month. Wondering what your thoughts would be on short term vs long term rental (its two one bedroom apartments). Not even sure how to get the AL license needed for short terms. Also, we may considering selling due to potential market conditions. Do you have recommendations for an agent in the Tavira area? Thank you for all your help and content! Also, excited that pickleball is gaining interest there!
Hello Landon. Email me privately at info@americaninportugal.com. The AL licensing changed this year so I hope your agent and attorney explained that. If it’s a residential building with common areas then you can not have short term (air bnb etc rentals). I believe you should always invest for the long term not the short term as market cycles for real estate are generally 10 year cycles.
It depends on where you want to live and your own personal situation. Portugal used to have lots of properties in the 100k range but many of those are inland now. Financing is different for different situations.
Thank you so much for your help for information. We're considering moving to Madeira island and I definitely had concerned about Realtors and buying homes. I've been a licensed real estate agent for over 20 years in three states so I understand the difficulty. If you have any Madeira contacts I would love to hear them.
When you visit Madiera you will get an idea of exactly where you want to live and then you can reach out to me. As an agent you should do well, just remember to do things even more detailed than in the states. info@americaninportugal.com
I haven't made a guide yet but it's a good idea. The problem with anything printed is that people use it exactly as it is printed and the reality is that every transaction is different. It's why I recommend: first a consultation with me then using my recommended attorney, real estate agents and financial experts.
Thank you for this video and your other content! We are thinking about settling in the central coastal or northern costal regions, roughly from Figueira da Foz up to Viana do Castelo (but are interested in what a local expert would recommend given our wants, etc.). We understand you have a good community of reputable folks in the Algarve area...do you know reputable buyer-realtors, attorneys, surveyors, etc. in the north coast or central coast areas? Thank in advance.
I have resources all over the place but it's best you know exactly where you want to live before we engage them. Huge difference between real estate professionals and tour guides...I don't even give out my agent information until I've confirmed that the client wants to live in the area and has been vetted. There are just too many people who want to move here (from all over the world not just America) so we maintain the best service by forwarding only the clients who are ready today. Other than that I offer consulting services hourly just to review wants and needs and expectations.
I just want to say kudos to you for trying to create an MLS program and some integrity in the whole process. I so appreciate everything that you shared. We definitely will want to have a consultation after we arrive. We are renting a place in Tavira for six months or less if we find the right place to buy. Your attorney sounds like the right one for us for our immigration situation. My husband has an EU passport and I will have to get a residence card through him or some so family unification. I saw on one of your videos that he helped with that process and went with you to the immigration office or camera. So we definitely are interested in hiring your attorney for that. I also want to say that you light up the screen. It’s amazing really. I watch many RUclips videos about Portugal but I have to say you radiate more than anyone I have seen on RUclips. This would be a new good career for you😉 I know you want to retire and so do I but I also see that you are providing a good service for ex-pats in Portugal. You called it the wild west and I agree. I think you should be interviewed by the other RUclipsrs with this specific Contant in mind. Just a suggestion. Keep up the good work. We will be in Tavira in November. Let me know how we should contact you for a consultation.
Hello Janis, thank you for the kind comments. If you've been here you've seen the "wild, wild West". You can reach out through email. info@americaninportugal.com and yes it is becoming a side gig for sure. I'm enjoying it so I've switched my charity work to this side of things.
It’s not a 10 percent “down” it’s a deposit when you write the CPCV (purchase contract). Mortgages are an entirely different discussion. It would take an entire video on mortgages. I can do this in the future.
A great video , I wish you work in Portugal . I’d prefer to live in the Algarve region but I do have some health issues and I need to be in a big city like Lisbon
The housing bubble in the USA has burst in many areas and Europe is facing a castrophic economic decline with no end in sight. Caveat emptor is important for anyone buying during this collapse from the Portugal RE bubble.
Yes…still planning my move to Portugal in 2023.. Have my tax Id and having multi citizen ship with Irish passport by marriage am all set. Chaotic times globally but Portugal is the best spot to hunker down all things considered…in my opinion. Thanks for all your great content!!
Had a medical practice in Ca in the past as well as a Ca real estate lic.I never used and have seen things turn in boom times in Northern Ca go from people camping out in line in front the sales office…to collapse of the market and blocks of unfinished footings…all in the space of 12 months
@@igroworganic6497 hello again Organic. I think Portugal is just the best-hidden corner of paradise. It's wonderful that you have and Irish passport (I love every thing Irish and Ireland too). I think that is definitely a place for the future as well. It's a little less sunny but they get more rain. Lovely you have the options!
@@igroworganic6497 the world seems to change faster and faster these days with the speed of information these days. Northern CA and LA seem to have many similar problems. Hugs from sweet Portugal! We are so lucky that they allow the D-7 process to make it easier for Americans to immigrate here.
Great info! You must be from California. I have purchased and houses in California, Arizona, and North Carolina. Purchasing a home in North Carolina sounds a lot like Portugal - a very different process than in the west. Awful experience, very unethical realtors and practices - would never be allowed in California or Arizona. Thank you again!!!
Ahhh yes I’m licensed in CA and I wasn’t aware that it was bad in N. Carolina. I’m sorry you’ve had bad experiences. You can write to their board and remember to use a Realtor nos just an agent as they have a higher level of requirements to be a “Realtor”. If you have a complaint you can write to their licensing board, association and if they’re a Realtor you can files a complaint with the Realtor Association (local, state and national).
Aww hugs Aardvark00, we need you to rent in our town. Cabanas is cute but we have more life in VRSA in the winter...and the train is closer if you need to pop over to the next town.
Believe it or not I have a basic script but I forget too much of the stories when I go bullet by bullet. My style is crazy I know but for those who need bullet points then I'm not a great fit, it's better they find a printed outline.
@@AmericanInPortugal Where are you all playing? We go to Coimbra tomorrow, then on to Caldais da Raina, then back to Lisbon on 08 Oct. I used to play Softball ALL over the US, before tearing up my knees. Good Luck!
Veronica, I have been following from west to east across the Algarve the videos made by Nick Robinson (AlgarveAddict). I first encountered you in his video on Vila Real de San Antonio. As part of my continuing research of the Algarve I rewatched that video today and thanks to the God of Algorithms I was led to your other videos. I have just finished watching this immensely informative talk in which you address concerns which up to now were unaddressed in the other videos I’ve seen: Is there buyer’s agency? Who represents whom? Do buyers have homes inspected prior to purchase? Who handles escrow? Is the Earnest Money put down? How is a title transferred? And finally, how does one go about even choosing an agent? Not knowing the answers to these questions or even where to go to find the answers has shaken my confidence as I approach a decision whether or not to relocate to the Algarve. Thanks to your video I have enough clarity to proceed to the next step which is a 2-month dive into Algarve residency, the month of this coming September in Portimaõ and the month of October in Tavira which, along with Vila Real de SA, I have identified as my areas of primary interest. While staying in Tavira I intend to visit Vila Real for an in-person look. I would love to sit down with you at that time to discuss my relocation timeframe and strategy. (There could be a free cup of coffee in it for you - or, if things really click, a glass of wine!) Nick Robinson speaks in his videos about referring people to real estate agents he knows and trusts. I assume you are among that group. Certainly your being featured in his video about Vila Real de SA suggests that. Let me know how we might proceed. Thanks again.
Send me an email and I might be able to help once you know where you feel is the right place for you. I’m not an agent but I have a process to match as closely as possible what we are used to in the states. It’s will help protect you. Just referring isn’t enough, I can coach and pony you the resources you need like your own attorney, a survey and other important pieces of the puzzle. Most agents here don’t do these steps and it’s new to them when I add it in but I have amazing people who can help.
Portuguese and Brasilian real estate agents are the MOST DISHONEST in the world They have NO idea what MLS is. If they were smart they'd share ALL of their listings with all the other agents in town and make a lot more sales. But they hold their listings close to their chest. I had the idea to start up a MLS system here in Brasil
Wow great idea!!! It’s important to realize that two agents need to work together to keep a honest and fair market. One has the listing and one a buyer. Both sides are limited without the other.
Wow great idea!!! It’s important to realize that two agents need to work together to keep a honest and fair market. One has the listing and one a buyer. Both sides are limited without the other.
@@AmericanInPortugal They think they are making more money (full commission 6%) by selling their listings themselves In fact if they had 50 other brokers showing their listings, they'd sell 3x more in volume. Selfish thinking.
I always say what is half of nothing? It’s a dis service to the sellers of their property as they won’t get as many showings and the people who would buy their home and pay top dollar may never see it. If the right buyers don’t see it then it sits on the market and doesn’t sell or they are forced to drop the price. It’s greedy and shameful.
Where do you live? I don't know plastic surgeons but there are plenty of botox people here and even my nail lady does facials (I haven't had a facial yet but it's on my list to do).
A relative (by marriage) drove by his grandmother's house and found a British family living in the house. He spoke with the couple and was told they had bought the house. So he said "no you didn't, because I'm one of the owners and I didn't authorize the sale." Grandmother had died receny and one of the cousins sold the house without probate. Case went to court. The British couple had to vacate the house, the cousin, who had sold the house, had to refund the British couple. The house remains off market and occupied by the great granddaughter as designated in grandmother's will.
EXACTLY, thank you for sharing your information Ros.
Unbelievable!! Thank you for sharing this story.
Exactly right on agents! Some builders ask 50% if the condo is in the process of construction. ..paid over the time it is under construction. Always speak to the agent before looking at any or considering any property. You CANNOT get a buyer's agent in Portugal if you sign the contract first. How much did you pay your attorney to close the purchase of your condo? You said there is no title? What shows ownership besides being registered or listed with the city government?
The deed should be under your name and put in your name when you sign. The standard price for an attorney is about 1 percent of the purchase price. Well worth the investigation.
Veronica... You are so thorough! I have wanted to look into an ocean front property or something very close for myself for over a year, my Sister found you. I have seen a few of your videos and they are super helpful. I think a buyers dream is to find someone like you to help oneself through the process and appreciate your willingness to help. I am sure you are busy receiving and responding to inquiries all the time. I will try to find you though email and start my process of asking questions. Thank you so much!
Aww thank you, where are you located now? I'm sorry it's taken a year to find what you like. There are lots of great properties which never hit the market so it's good to have an agent who is looking for you. Which town did you decide to move to? My email is info@americaninportugal.com
Incredibly helpful and a good starting point. Thanks Veronica.
So happy to help, hugs and welcome to Portugal.
Thanks!
Thank you so much!!! Big hugs.
Been watching you for a long time! Thank you, Veronica!
Aww hugs and happy holidays from Portugal.
Thanks Veronica for such helpful and eye-opening information. You're awesome. ❤💚
Aww thanks for being a super fan Lucchese!!! It's always fun to have you watch. See you here again soon!!!
We are so happy that we spoke with you Veronica. Your knowledge and experience is invaluable. Worth every $, Euro, pound that someone pays per hour to consult with you.
Aww thank you Thomas. Big hugs and I’m glad that you dodged a bullet with the new AL laws. Always a moving target with real estate here so number one priority is loving the place you buy for yourselves and income is secondary.
This is an incredible video Veronica. I made a trip there in May and it was crazy with the real estate scene.I had inquired online About various properties and then they captured me and said I was their client.
Then they won’t let you go with the buyers agent if you just inquired. I get to choose who do I work with not them decide I’m their client.
I was told that you need different agents because they only work their own inventory. There was no MLS, you are completely correct that you cannot see what it sold for. We are stabbing in the dark.
The fact that you have a software program that gives you that information is a gold mine.
You've hit the nail on the head Janis. NEVER inquire about a property prior to engaging your One and Only Agent. The good agents will work together and those who don't then you don't want to support. Many times the same property is listed by up to 30 agents (can you believe it, it's crazy). So when my fabulous agents see a property which will be a fit for you they log into the system to see all the agents who have it listed (you can't only sell your own it isn't the ethical thing to do) we pick the agent who is the best and most ethical agent in town to work with. Never go direct to the listing agent or you have two things happen 1. to your point they log you and now you are stuck with them, 2. you lose the opportunity to have a good agent work for you (a good agent will ask if you have worked with another agent and won't work with you if you have). This is because it's a waste of their time if you're contacting agents all over town (shows that you are not loyal and why should they waste time and money on you if you're just going to go to the next property and agent) and you get a bad name around town so none of the good agents will return your calls or emails. The best way to have the best agent is to get a referal (from me if you want the East Algarve) and then to stay loyal. They will take great care of you.
This is so confusing, so it seems a lot of greedy people, and what about honesty, this is Portugal……Not Mexico?????
@@elizabeth4914 it's just the culture of real estate here, it will change in time and we will eventually have an MLS type of group here soon...working on it. Ethics and we can brand the groups so you know you're working with the highest quality and experienced agents.
I may come to southern Portugal in July for a scouting trip.
July is pretty busy but August is more so. The best time to come is now or april/may
This is definitely a "slice of life video" for those of us planning to emigrate! Thank you so much for this honest and eye-opening description of what to expect. I so appreciate getting the realities in detail. Looking forward to buying you uma vinho in person some day!
Aww big huge kaetikae, keep in touch and let me know if/when you need help.
Great Vid! Thanks from Calabasas, Ca!
Thanks for watching :). Hello from the old CA gal in Portugal. Welcome to Portugal!
looks like so much fun. unique. cant wait to move there
It’s fine if you have the correct process and do your dire diligence.
Thank you for your video !!
You are welcome! There are lots of good things here but no real process like the states for real estate.
"And people sometimes even lie"... Welcome... 20 years here and still trying to get my head around many things.
I know, it can be a lot. They just need more protections in place like we are used to. But it works well with my little checklist of survey, pulling permits, checking finances, attorney (personal not the agency) writing the cpcv, etc. my people have been protected. It’s copying the model I’m used to from CA and plugging in missing pieces and it’s streamlined. Attorney and agent have the most time consuming jobs but it protects the clients. People here don’t even think of ch coming the homeowners association funds for proper operating capital and no debt before they buy. We are so protected in CA that people assume every country is the same.
Great Job Veronica! I really like the captions. I repest your professionalism and honesty! I am still in the hunt and working with Raqual.
Thanks Austin! Raquel is great and will stay on top of your search. Keep in touch and let me know how it goes. Thank you for the thumbs up!
If there was an award for most informative video on the internet this one would win. Thanks for the knowledge. You probably would have saved me from making mistakes. I can't wait to retire there.
Aww, thank you Wayne, big hugs. We'll be here to help when you are ready to retire. How long until you get to retire? Have you visited yet?
@@AmericanInPortugal I need to be 55 for full pension. So just under 3.5 years to go. I've never been to Europe but I do my research before making big decisions. Portugal seems like the place to be. I do know a lot of Brazilian Portuguese since I've been there about 14 times (again this December until February). I'm definitely not a Canadian winter kind of guy. I'll probably plan a trip to Portugal next year though.
@@waynenowlin definitely plan some visits so you can research (fun to research the lovely towns here) to see which areas speak to you the most. You've been to Brazil 14 times?
This is by FAR the Most Indormative video on the process of buying RE. I am an active real estate agent in Toronto myself and I totally agree with you 100000000% on everything! Well done darling Victoria. Well done 👍🏻 🎉❤🎉❤
Awww big hugs. I believe in fabulous real estate professionals and believe they should be supported and respected. Can’t wait to see you here on this side of the pond.
Thank you so much for making these Videos, very honest and unselfish opinion , hope to be in the neighborhood someday :)
Hugs Henz.
What a fantastic bunch of info! Thanks so much for this video.
Thank you Dave, I appreciate the positve feedback...keeps me making more.
I agree however, there are several other prominent RUclipsrs in Portugal, stating that seller agents won’t even acknowledge buyer agents. They say it is due to the sheer number of people looking for a place versus how many are available. The agents do not want to share their commissions. And one more note here in the Midwest, US, very few people use a buyers agent.
We have a program which works great, also we purchase a program which lists every agent who lists the property so we can pick the ones who work best with Americans. The program is a big success so far. We have a system just like the states and pick only the agents who are the most reputable and responsive. The ones I use understand that they are not "sharing" commission but earning their "commission" standard here is 5% so 2.5 to the listing agent and 2.5 to the agent with the buyer. I try to avoid dual agency when possible.
I don't agree - I live in the US Midwest and I would NEVER agree to dual representation. I have always had my OWN agent to represent me as a buyer.
Thanks for this. I can't wait to come back and shop with one of your referrals. ❤️
Aww thanks so much David! We can't wait to help you find your perfect home!
Are there areas in the Algarve where you dont have any buyers and listing agents you would recommend? I ask because im not certain of where we want to land. Can you do the same with rental agents? Applying for D7 , need a year lease first.
Sounds really dodgy in Pt to work in r e. And to go through the buying process .
I was a realtor in California for a long time. So I understand the drill here. So glad to know we have trusted person as you for guidance and you have done the research for us finding ethical agents. TY
Give me an email at info@americaninportugal.com
Thank you for such a helpful educational info, appreciate your work ❤️
Thank you Carrie, postitive feedback helps me stay motivated to help :)
@@AmericanInPortugal We are so Blessed to have you there to do such a great work and help all American expats, Veronica. I am expecting my first visit next year and hope it works out for me. Thank you very much.
@@carrie668 I'm so excited for your journey Carrie:). It's a beautiful country and the people are amazing but the culture of real estate needs a bit of tweaking, we will help make it better and easier for everyone
@@AmericanInPortugal All American expats are so Blessed to have the experienced people like you, Veronica, who has such a great passion to help others. Thank you very much for your diligent effort and everything you have done 🙏♥️
Extremely important video!
Glad it was helpful!
I recently discovered your channel and I'm really enjoying it. I have a complex question, and I understand that you're not a specialist in Portuguese tax law. However, suppose I relocate to Portugal and then decide to sell my main residence in the U.S. Would I be subject to tax in Portugal for that sale? I'm concerned that I might be. As you may be aware, the sale of a primary home in the U.S. is not taxed. My spouse and I are considering living in Portugal for a year before selling, just to ensure it's the right fit for us.
Email me at info@americaninportugal.com. I don't give tax advice but don't become a resident here before selling your property there. There can be capital gains taxes on the sale there. Try selling now with a rent back provision so you don't have to move multiple times, but of course only if you are sure of your move. Again email me and to everyone make sure to talk to your home country CPA and one in Portugal to make a solid plan BEFORE becoming a resident :) Great and important question. And the laws keep changing.
@@AmericanInPortugal I appreciate your message. Although I'm not planning to retire for another half-decade, it's important to note that many assumptions don't hold true in Europe. For instance, even straightforward matters like withdrawals from a Roth IRA could be subject to taxation in Portugal, as per what I've heard. Therefore, it might be advisable to withdraw all funds from the IRA while still residing in the USA. Do you agree with this strategy?
Veronica…I can’t imagine how much money, time and heartache you’ve saved me!! Eternally grateful!!
Aww hugs!!!!
Do you know if Portuguese contracts have any conditions on appraised value? I know A lender I briefly spoke to from Portugal mentioned that they require an appraisal on homes. I just wondered if there are any else if it doesn't appraise?
Appraisals are a big part of a mortgage. If you need a good referral just send me an email at info@americaninportugal.com
Can you recommend a buyers agent / lawyer in castelo Branco? We would like a buyers agent and a lawyer within the same office but if that is not possible please give me your recommendation for both if you can. Thank you
Email me at info@americaninportugal.com
I found a house which in the past had actually belonged to a friend of mine. The house had been updated and I wanted to buy it. The agent in Albufeira actually told me it was easy, his agency had an attorney, a financial officer, and even worked with a company I could use, instead of a bank, and save 10% on the exchange rate. He also wanted me to sign a blank offer form and he would write in the information later. I refused. The exchange company he recomended was based in London and doesn't do business in the USA where I live... he didn't know of anyone doing inspections before purchasing...
RUN!!!
It is unfortunate but there are people out there who just want to take your money. Some online scams can be perpetuated by people who are not even in the country. The internet has made some things so much easier but other things need serious vetting and local professionals.
publish this persons NAME so we know to run from him
Hello from SoCal:) We have invested in a property in Tavira that is being renovation. Should be completed next month. Wondering what your thoughts would be on short term vs long term rental (its two one bedroom apartments). Not even sure how to get the AL license needed for short terms. Also, we may considering selling due to potential market conditions. Do you have recommendations for an agent in the Tavira area? Thank you for all your help and content! Also, excited that pickleball is gaining interest there!
Hello Landon. Email me privately at info@americaninportugal.com. The AL licensing changed this year so I hope your agent and attorney explained that. If it’s a residential building with common areas then you can not have short term (air bnb etc rentals). I believe you should always invest for the long term not the short term as market cycles for real estate are generally 10 year cycles.
Can Thiago help in other parts of Portugal? Would love to see if you have recommendations for other ethical Real Estate agents in the setubal area..
Send me an email and I can do my best for you. Info@americaninportugal.com
Nothing over there under 100k ?
How does financing work ? % down ? Age limitations ? Years ?
Thanks
It depends on where you want to live and your own personal situation. Portugal used to have lots of properties in the 100k range but many of those are inland now. Financing is different for different situations.
Thank you so much for your help for information. We're considering moving to Madeira island and I definitely had concerned about Realtors and buying homes. I've been a licensed real estate agent for over 20 years in three states so I understand the difficulty. If you have any Madeira contacts I would love to hear them.
When you visit Madiera you will get an idea of exactly where you want to live and then you can reach out to me. As an agent you should do well, just remember to do things even more detailed than in the states. info@americaninportugal.com
@@AmericanInPortugal Awesome. Can't wait.
Do you provide a simply guid to the process of buying and renting for Americans?
I haven't made a guide yet but it's a good idea. The problem with anything printed is that people use it exactly as it is printed and the reality is that every transaction is different. It's why I recommend: first a consultation with me then using my recommended attorney, real estate agents and financial experts.
Why are no cars moving on that street?
Which street?
@@AmericanInPortugal LOL your supposed "view" from the balcony. The clouds aren't moving either. Because it's a photo backdrop.
It is my view but yes I use the photo as a back drop as the wind outside and lighting is near impossible for a video when I’m just chatting.
Thank you for this video and your other content! We are thinking about settling in the central coastal or northern costal regions, roughly from Figueira da Foz up to Viana do Castelo (but are interested in what a local expert would recommend given our wants, etc.). We understand you have a good community of reputable folks in the Algarve area...do you know reputable buyer-realtors, attorneys, surveyors, etc. in the north coast or central coast areas? Thank in advance.
I have resources all over the place but it's best you know exactly where you want to live before we engage them. Huge difference between real estate professionals and tour guides...I don't even give out my agent information until I've confirmed that the client wants to live in the area and has been vetted. There are just too many people who want to move here (from all over the world not just America) so we maintain the best service by forwarding only the clients who are ready today. Other than that I offer consulting services hourly just to review wants and needs and expectations.
Thank you
I just want to say kudos to you for trying to create an MLS program and some integrity in the whole process. I so appreciate everything that you shared. We definitely will want to have a consultation after we arrive. We are renting a place in Tavira for six months or less if we find the right place to buy.
Your attorney sounds like the right one for us for our immigration situation. My husband has an EU passport and I will have to get a residence card through him or some so family unification. I saw on one of your videos that he helped with that process and went with you to the immigration office or camera. So we definitely are interested in hiring your attorney for that.
I also want to say that you light up the screen. It’s amazing really. I watch many RUclips videos about Portugal but I have to say you radiate more than anyone I have seen on RUclips. This would be a new good career for you😉
I know you want to retire and so do I but I also see that you are providing a good service for ex-pats in Portugal. You called it the wild west and I agree. I think you should be interviewed by the other RUclipsrs with this specific Contant in mind. Just a suggestion.
Keep up the good work. We will be in Tavira in November. Let me know how we should contact you for a consultation.
Hello Janis, thank you for the kind comments. If you've been here you've seen the "wild, wild West". You can reach out through email. info@americaninportugal.com and yes it is becoming a side gig for sure. I'm enjoying it so I've switched my charity work to this side of things.
You mentioned 10% down. We have heard that before, but also We have heard 30% is required down for foreigners. Is it 10 or 30%? Thanks
It’s not a 10 percent “down” it’s a deposit when you write the CPCV (purchase contract). Mortgages are an entirely different discussion. It would take an entire video on mortgages. I can do this in the future.
@@AmericanInPortugal That would be great!
Shalom, Lady.
Hugs
A great video , I wish you work in Portugal . I’d prefer to live in the Algarve region but I do have some health issues and I need to be in a big city like Lisbon
Lisbon has some very wonderful agents as well. Hugs on your journey and Lisbon is beautiful also. So much history and vibrance.
The housing bubble in the USA has burst in many areas and Europe is facing a castrophic economic decline with no end in sight. Caveat emptor is important for anyone buying during this collapse from the Portugal RE bubble.
We never know what the future holds so I'm with you on Caveat Emptor!!! Believe it totally with my life experience. Cheers Organic, are you here now?
Yes…still planning my move to Portugal in 2023.. Have my tax Id and having multi citizen ship with Irish passport by marriage am all set. Chaotic times globally but Portugal is the best spot to hunker down all things considered…in my opinion. Thanks for all your great content!!
Had a medical practice in Ca in the past as well as a Ca real estate lic.I never used and have seen things turn in boom times in Northern Ca go from people camping out in line in front the sales office…to collapse of the market and blocks of unfinished footings…all in the space of 12 months
@@igroworganic6497 hello again Organic. I think Portugal is just the best-hidden corner of paradise. It's wonderful that you have and Irish passport (I love every thing Irish and Ireland too). I think that is definitely a place for the future as well. It's a little less sunny but they get more rain. Lovely you have the options!
@@igroworganic6497 the world seems to change faster and faster these days with the speed of information these days. Northern CA and LA seem to have many similar problems. Hugs from sweet Portugal! We are so lucky that they allow the D-7 process to make it easier for Americans to immigrate here.
Great info! You must be from California. I have purchased and houses in California, Arizona, and North Carolina. Purchasing a home in North Carolina sounds a lot like Portugal - a very different process than in the west. Awful experience, very unethical realtors and practices - would never be allowed in California or Arizona. Thank you again!!!
Ahhh yes I’m licensed in CA and I wasn’t aware that it was bad in N. Carolina. I’m sorry you’ve had bad experiences. You can write to their board and remember to use a Realtor nos just an agent as they have a higher level of requirements to be a “Realtor”. If you have a complaint you can write to their licensing board, association and if they’re a Realtor you can files a complaint with the Realtor Association (local, state and national).
Veronica is a go to for purchasing advice for sure.
I'm glad I rent....🤣
Aww hugs Aardvark00, we need you to rent in our town. Cabanas is cute but we have more life in VRSA in the winter...and the train is closer if you need to pop over to the next town.
is this video about you or Portuguese real estate....you're not in Kansas anymore
It’s just different here so it’s important to have the right agents and lawyer.
You have a lot of great information but perhaps work off an outline would help you from rambling all over the place and work through each topic
Believe it or not I have a basic script but I forget too much of the stories when I go bullet by bullet. My style is crazy I know but for those who need bullet points then I'm not a great fit, it's better they find a printed outline.
Just sent you an email. We are in town.
Of course I’m gone for a pickleball tournament. north vs south first competition and first mixed club tournament.
@@AmericanInPortugal Where are you all playing? We go to Coimbra tomorrow, then on to Caldais da Raina, then back to
Lisbon on 08 Oct. I used to play Softball ALL over the US, before tearing up my knees. Good Luck!
Veronica, I have been following from west to east across the Algarve the videos made by Nick Robinson (AlgarveAddict). I first encountered you in his video on Vila Real de San Antonio. As part of my continuing research of the Algarve I rewatched that video today and thanks to the God of Algorithms I was led to your other videos. I have just finished watching this immensely informative talk in which you address concerns which up to now were unaddressed in the other videos I’ve seen: Is there buyer’s agency? Who represents whom? Do buyers have homes inspected prior to purchase? Who handles escrow? Is the Earnest Money put down? How is a title transferred? And finally, how does one go about even choosing an agent? Not knowing the answers to these questions or even where to go to find the answers has shaken my confidence as I approach a decision whether or not to relocate to the Algarve. Thanks to your video I have enough clarity to proceed to the next step which is a 2-month dive into Algarve residency, the month of this coming September in Portimaõ and the month of October in Tavira which, along with Vila Real de SA, I have identified as my areas of primary interest. While staying in Tavira I intend to visit Vila Real for an in-person look. I would love to sit down with you at that time to discuss my relocation timeframe and strategy. (There could be a free cup of coffee in it for you - or, if things really click, a glass of wine!) Nick Robinson speaks in his videos about referring people to real estate agents he knows and trusts. I assume you are among that group. Certainly your being featured in his video about Vila Real de SA suggests that. Let me know how we might proceed. Thanks again.
Send me an email and I might be able to help once you know where you feel is the right place for you. I’m not an agent but I have a process to match as closely as possible what we are used to in the states. It’s will help protect you. Just referring isn’t enough, I can coach and pony you the resources you need like your own attorney, a survey and other important pieces of the puzzle. Most agents here don’t do these steps and it’s new to them when I add it in but I have amazing people who can help.
Surprisingly people in PT rely on words vs professional advise.
Always double-check everything with a contract and your own private attorney...not in house attorney.
You can email me at info@AmericanInPortugal.com
Portuguese and Brasilian real estate agents are the MOST DISHONEST in the world
They have NO idea what MLS is. If they were smart they'd share ALL of their listings with all the other agents in town and make a lot more sales. But they hold their listings close to their chest.
I had the idea to start up a MLS system here in Brasil
Wow great idea!!! It’s important to realize that two agents need to work together to keep a honest and fair market. One has the listing and one a buyer. Both sides are limited without the other.
Wow great idea!!! It’s important to realize that two agents need to work together to keep a honest and fair market. One has the listing and one a buyer. Both sides are limited without the other.
@@AmericanInPortugal They think they are making more money (full commission 6%) by selling their listings themselves
In fact if they had 50 other brokers showing their listings, they'd sell 3x more in volume. Selfish thinking.
I always say what is half of nothing? It’s a dis service to the sellers of their property as they won’t get as many showings and the people who would buy their home and pay top dollar may never see it. If the right buyers don’t see it then it sits on the market and doesn’t sell or they are forced to drop the price. It’s greedy and shameful.
Any referrals on a plastic surgeon and Botox 😶
Where do you live? I don't know plastic surgeons but there are plenty of botox people here and even my nail lady does facials (I haven't had a facial yet but it's on my list to do).
Thanks!
You’re welcome and I will make one about golden visa and real estate today.