Immaculate 5 bedroom Villa for sale in Vilamoura, Algarve
A one of a kind property. This stunning and spacious villa is been completely renovated a few years ago and sets on a large plot of land, right on the Pinhal golf course.
It has a total of 5 bedrooms all en-suite divided over 2 floors, 2 fully fitted kitchens and an outdoor summer house with an additional fully functional kitchen, bar and dining / barbecue area.
There is an impressive entrance hall with guest WC, leading to the guest win...
A one of a kind property. This stunning and spacious villa is been completely renovated a few years ago and sets on a large plot of land, right on the Pinhal golf course.
It has a total of 5 bedrooms all en-suite divided over 2 floors, 2 fully fitted kitchens and an outdoor summer house with an additional fully functional kitchen, bar and dining / barbecue area.
There is an impressive entrance hall with guest WC, leading to the guest wing with 2 large en-suite bedrooms, both with built in wardrobes and direct access to the terrace that overlooks the garden and the Pinhal Golf course.
The entrance hall has access to the lower part of this impressive property.
The very spacious and bright living dining room enjoys stunning private views over the garden and pool as well as the Golf course, and the fully fitted modern kitchen has lots of storage.
There is a Master suite with custom made built in wardrobes, and a large bathroom with shower and bath.
On the lower level is a living room with bar area, a fully fitted 2nd kitchen, pool / games room, guest WC, 2 en-suite bedrooms with fitted wardrobes that both have access to the garden, and an office area.
A large double garage and storage completes this outstanding property.
It has air conditioning throughout, central heating throughout ( Gas ), an expansive new pool with heating and electric built in pool cover, a Pool house, with dining area, bar, outside kitchen with barbecue and Jacuzzi.
Well maintained garden with irrigation system.
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This Villa is located in Vilamoura 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.