BUYING A PROPERTY WITH LEILOSOC®

The Search for Your House

After an initial approach and having defined the features you are looking for, from location to layout and values, the search process with LEILOSOC® follows. Starting the process online at Leilosoc.com allows you, in a first phase, to save time by immediately eliminating proposals you do not consider favorable.

Property Visit

After finding your next property on Leilosoc, it is advisable to carry out a visit to it. On the auction page, it is possible to see when visits to each property will be held. In the case where visits do not have a scheduled date, it is possible to make an appointment with the person in charge of the process, whose contact details are indicated in the same place.

Proposal Preparation

After visiting the property, and being certain that you want to acquire it, it is time to bid and, thus, present your proposal! To bid, you must register.

Formalization of the Purchase and Sale Promise Contract (CPCV)

After the auction ends, and if your proposal is accepted, you must sign the CPCV. On the date of signing, you should already have had the opportunity to analyze the property documents (Land Registry Certificate, Property Ledger, and Habitation License).

At the time of signing the CPCV, you must deliver a check with the payment of the deposit (see General Sales Conditions). The remaining amount will be paid at the time of the Public Deed.

If you use credit, all documents must be submitted to the credit institution responsible for financing the acquisition.

Additional Expenses

Final expenses are added to the price of the property. The buyer is responsible for paying some of these expenses with the transfer of ownership of the property. Ordinarily, these expenses include: the charges related to home credit (process instruction, appraisals), the taxes related to the transfer of the property (IMT – except in cases of exemption) and any expenses related to essential documentation. In addition, the LEILOSOC® commission and VAT at the legal rate in force on the same apply.

Purchase and Sale Deed

After the Purchase and Sale Promise Contract is signed by all involved, the Purchase and Sale Deed is scheduled. When the Deed is completed, you hold the property. You must proceed to register it at the Land Registry Office.

Moving

Ensure the execution of water, electricity, and telephone contracts. In the case of needing works, make sure you have access to several quotes so that you can choose what best suits you. And remember to only prepare the works when the Deed has been granted. You should then prepare the move to your new house.

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