Immaculate 4 bedroom House for sale with countryside view in Santa Barbara de Nexe, Algarve
Santa Barbara de Nexe.
With distant views of the Algarve coast and set in a beautifully scenic valley, this spectacular villa is truly unique in every way. Accessed by a small tarmac road and only a few minutes from the centre of the picturesque village of Santa Barbara de Nexe, which is only 15 minutes from the Market town of Loule, the beaches and golf courses of Quinta do Lago and 20 minutes from Faro International Airport.
The property has been totally reconstructed...
Santa Barbara de Nexe.
With distant views of the Algarve coast and set in a beautifully scenic valley, this spectacular villa is truly unique in every way. Accessed by a small tarmac road and only a few minutes from the centre of the picturesque village of Santa Barbara de Nexe, which is only 15 minutes from the Market town of Loule, the beaches and golf courses of Quinta do Lago and 20 minutes from Faro International Airport.
The property has been totally reconstructed to a very high standard and consists of an enormous open plan living/dining and kitchen area of over 80m2.
The kitchen features a Miele hob and two ovens, a large fridge/freezer and wine cooler, adjacent and separate is a fully equipped laundry. Also, on this floor there is an en-suite bedroom conveniently positioned and close to the entrance is the large garage.
On the first floor there are a further three en-suite bedrooms, one being the master bedroom with its own walk in wardrobe.
All bathrooms have underfloor heating and the property has a heating and cooling system combined with individual Daiken air conditioning units. Each room accesses large South facing balconies with spectacular views of the valley and the distant coast.
The grounds feature a large swimming pool and an enormous al fresco dining and leisure area.
The property was historically a manor house with its own gate house, which has been transformed into a one bedroom annexe, perfect for guests who desire privacy, or maybe a maid or au pair accommodation.
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This House is located in Santa Barbara de Nexe 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.