Selling a property 鈥︹€�

cardsandcandi · 2024-08-04T10:14:33+02:00

Explore tips on selling property in Portugal without high agency fees. Share insights on self-advertising websites like Idealista and Kyero.

cardsandcandi New member

Member since 14 July 2023

cardsandcandiNew member04 August 2024 08:14:33

Bom Dia!

We are just wondering if anybody could throw any light on a couple of questions we have regarding selling property in Portugal.

We are looking to sell our apartment but would like to avoid paying a minimum of 5% agent fees on top of all the legal fees & taxes we know we have to pay.

Does anyone know of any websites where we can advertise ourselves?

Has anyone used the likes of Idealista, Kyero or Green Acres as a private vendor, and if so, how user-friendly was the process and were the costs involved high? One-off or percentage fee?

Has anybody done this themselves before? If so, how difficult was it?

It鈥檚 really just about bringing buyers to the door, our solicitor will deal with everything else (we have an excellent English-speaking lawyer & notary).

Thank you so much, any information will be very gratefully received!

Mar

Strontium Serial 暗网禁区

Member since 27 April 2019

StrontiumSerial 暗网禁区05 August 2024 09:45:26

387

Hi and Welcome.

One other big selling site is OXL PT聽聽but聽 also could try聽 Facebook Marketplace and Ebay UK聽 (I had no sale no fee) - for me both of these聽 generated replies which politely were a waste of time.聽聽Idealista and OXL, as you probably know,聽 have many properties and no consistent format of the listings that it can be difficult to compare the properties like for like -聽 for me they generated what seemed "overseas" people asking irreverent questions and generated no viewings.聽 Last one I sold I did my own online listing by making my own website for the place (cost ten pounds for website name for one year)聽 and got a personal buyer, agreed price, no promissory, one lawyer, so I was very very lucky.聽 There are so many places being listed and no country wide database of selling prices there's no obvious place to list property.

Marsoliveshoest Member

Member since 23 March 2024

MarsoliveshoestMember05 August 2024 10:11:09

@Strontium thank you so much for this, really helpful and much appreciated, real estate here seems very unregulated, we鈥檒l keep going & look at web idea, sounds great. thank you again

JohnnyPT Portugal Expert

Member since 23 May 2020

JohnnyPTPortugal Expert05 August 2024 13:40:40

4879

@cardsandcandi,

Real estate market is regulated. You can advertise the property on websites, but this will only cause you problems and waste of time, especially if one of the parties doesn't speak Portuguese... Many contacts are just a waste of time, most of them from real estate agents.

What you can agree with the real estate agent is to pay the 5% commission, but part of it without an invoice, so you only pay 23% VAT on the value of the invoice. Some of them do this.

Going to a real estate agent is also good for the buyer because the agent can help with documentation and credit support, dealing with banks for property visits and property evaluations, etc