Renovated 3 bedroom Villa for sale in Almancil, Algarve
The 206m2 villa has been completely renovated using quality materials.
On the lower floor there is a bright open plan kitchen space with dining room and living room with fireplace. Fully equipped with the most modern appliances, it also has at its disposal a wine cellar of the brand Caso Design.
On the upper floor there are 3 bedrooms, one en-suite with walk-in wardrobe and two of the bedrooms have terraces.
The entire area, such as the lower floor, is equipped with underfloor heating and air conditioning system.
The outdoor area is presented with a barbecue space ideal for dining and entertaining, overlooking the heated salt-water pool.
The wooded garden with palm trees and cypresses makes the whole space very private and welcoming.
The property enjoys access to the resort's facilities, including a restaurant with golf views, a communal swimming pool, a golf academy, a clubhouse and a driving range, as well as 24-hour security.
In a privileged location in Quinta do Lago, just 5 minutes from the beach and only 20 minutes from Faro International Airport.
Features
Fees Paid By Seller
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This Villa is located in Almancil in Portugal
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Buying a property in Portugal
1. Signing a Letter of Intent
On finding a property you wish to purchase, your agent will draw up a 'Letter of Intent, this will be signed by both parties, vendor and buyer. Copies of this will be given to the legal representatives of both parties and will be used in preparing the Promissory Contract. Included in this letter will be the price, what is included in the sale, furnishings etc. and any conditions of the sale plus the dates for both exchange and completion.
2. Exchange of Promissary Contract (Contrato Promessa de Compra e Venda)
The buyers lawyers are responsible for drawing up the promissory contract (Contrato Promessa de Compra e Venda) and as part of the process they will have carried out the legal searches and made sure that there are no charges, e.g. utilities, property tax etc. against the property. The contract will contain details of both parties and include clear title of ownership, when payments are due to be made, the completion date and an inventory, if required. The Promissory Contract is legally binding and will generally be signed by both parties and witnessed by a notary/lawyer. The contract will include penalty clauses in case either party does not fulfill the terms of the contract. A 10%, non-refundable deposit is required at this point, this will be paid to the vendor, through the lawyer's client account. Once the contract has been signed, if the vendor pulls out of the contract, they will be obliged to pay back double the deposit to the purchaser. If the purchaser pulls out, they will lose their deposit.
3. On Completion
The amount of time between signing the Promissary Contract and Completion will vary and will have been agreed in the contract. Before Completion your lawyer will need to arrange with a fiscal representative for you to obtain a Portuguese Fiscal Number. The official Deed of Transfer of ownership (the Escritura) will be signed by you (or someone representing you with your Power of Attorney), this is signed at the Notary and they will retain the document. The Deed will be read aloud by the Notary before all participants sign it. Your lawyer will need to check to ensure that you understand what is being said if you do not understand Portugese. The Escritura, once it has been signed, will officially give you ownership of the property, but will still need to be registered in your name on the Land Registry (Registo Predial) by your lawyer. Your lawyer should obtain a copy of this for your records. Once you have completed, the new utility contracts can be transferred into your name by your lawyer.