Source: Freepik Author: Redaction Home staging is a technique that aims to enhance a property for sale or rent , making it more attractive and appealing to potential buyers or tenants. It consists of working on the presentation and decoration of the property to make it more inviting and highlight its best features. Home staging is becoming increasingly important in the property market, as it allows owners to sell or rent out their properties more quickly and at higher prices. By enhancing the property, home staging increases the interest of potential buyers or tenants, which translates into more visits and, consequently, a greater chance of selling or renting. Home staging doesnt necessarily involve major work or investment and can be done with small interventions in the decoration and organisation of the space . However, it is important that it is carried out by qualified and experienced professionals in the field, who are aware of market trends and know how to make the most of each propertys strengths. Home staging is a technique used to enhance a property , making it more attractive to potential buyers or tenants, and some of the best ways to use home staging include: 1. Cleaning and depersonalising the space: remove all personal and decorative objects, as well as clutter, so that buyers can view the space without distractions. 2. Repair and renovation: make small repairs and renovations to improve the general appearance of the property. Painting the walls in neutral colours, for example, can give the space a fresh, clean look. 3. Furnishing the space: adding some furniture can help buyers visualise what it would be like to live in that house. Its important to choose furniture that suits the size of the space and creates a warm and cosy atmosphere. 4. Appropriate lighting: the right lighting can help to emphasise the features of the space and create an inviting atmosphere. Adding table lamps or ceiling lights can improve the lighting in the space. 5. Photographs and videos: its important to capture high-quality images and videos of the space to attract potential buyers or tenants. Photographs should be clear and show the best features of the space. In short, the best way to use Home Staging is to prepare the space for sale in order to make it attractive to potential buyers, helping them to visualise what it would be like to live in that house and increasing the chances of selling or renting the property . What are the advantages of home staging? Home staging can offer a number of advantages, both for those selling and for those renting a property to potential buyers or tenants. Some of the main advantages include: 1. Property enhancement: by using home staging techniques, it is possible to enhance the property and make it more attractive to potential buyers or tenants. With a more pleasant and cosy environment, selling or renting becomes more likely. 2. Speed of sale or rental: a property that is well prepared for sale or rental, with harmonious and well-organised decoration, can be sold or rented more quickly than a property that has not received this care. 3. Increased sale or rental price: a well-decorated and organised property can increase the sale or rental price, as potential buyers or tenants will see a greater value associated with the property. 4. Stand out on the market: in an increasingly competitive property market, home staging can make a property stand out from its competitors, attracting the attention of potential buyers or tenants. 5. Saving time and money: home staging can help avoid unnecessary expenditure on small interventions and works, as often a simple change in the arrangement of furniture, painting walls and other adjustments can be enough to increase the value of the property. Whats more, a property that is sold or rented out quickly can avoid maintenance and tax costs. Now that you know the importance of Home Staging, here are some other tips that will make all the difference to you and your business: Artificial Intelligence and the Future of the Real Estate Market , Real Estate Websites by eGO Real Estate: the shop window for estate agents
Source: Freepik Author: Redaction An undivided inheritance refers to a situation in which a property or asset is left as an inheritance to several heirs, forcing the property or asset to be shared jointly and undividedly. This means that no heir owns a specific share, but rather a fraction of ownership over the asset as a whole. In this type of situation, the heirs are not entitled to claim a specific part of the property, but rather to share equally in the benefits and responsibilities associated with it . In other words, the heirs cannot sell, divide or dispose of their individual share independently. Generally, the property or asset in question remains undivided until there is an agreement between the heirs on how to deal with it, whether through sale, partition or other action. Undivided inheritance can include property, land, valuables or any other assets left by a deceased person , where the property shared between the heirs remains an indivisible unit until a resolution is reached. The most common situation in Portugal is where a deceased person leaves a property to several heirs in equal shares , which in this case obliges the heirs to hold it jointly with an undivided share. The division of an undivided inheritance can be a complex process that requires the consent of all the heirs . In some situations, the heirs may decide to sell the property and divide the proceeds between them. However, if none of them agree to the sale, the situation can become complicated. How do you manage and resolve all the issues related to an undivided inheritance? Inheritance laws in Portugal are regulated by the Portuguese Civil Code , and the division of an undivided inheritance is subject to specific rules contained in that code. The intervention of a lawyer specialising in Inheritance Law can be essential in guiding heirs on their rights and obligations, as well as helping to facilitate the resolution of issues relating to undivided inheritance. Ultimately, heirs can resort to legal proceedings, if necessary, in order to request the division of the property or its judicial sale, allowing heirs to obtain their corresponding share of the value. As this is a complex process, its management requires consideration of various legal, emotional and practical factors. SUPERCASA Notícias provides you with some steps and considerations that can help you deal with an undivided inheritance effectively: Open and respectful communication Begin communication with the other heirs in an open and respectful manner. Understanding the wishes and needs of each heir can help avoid conflicts and find solutions together. Know your legal rights and obligations Familiarise yourself with the relevant legislation, such as the Portuguese Civil Code, to understand the rights and obligations of heirs. Consult a legal professional Hiring a lawyer who specialises in inheritance law can be crucial. They can advise heirs on the legal options available , act as an intermediary in the event of disputes and ensure that all steps are carried out correctly. Valuation of assets Carry out a professional valuation of the assets that make up the estate. This will help determine the fair value and the basis for distribution . Negotiation between the heirs Try to reach an agreement with the other heirs on how to deal with the inheritance. This could include selling the asset and dividing the resulting proceeds or redistributing the assets according to each persons preferences. Joint sale If all the heirs agree, selling the undivided property may be an option . The proceeds of the sale would then be divided among the heirs according to their shares. Amicable division If the division of assets is possible and feasible, the heirs can agree to distribute the different assets fairly. Judicial sale If there is disagreement between the heirs, it is possible to carry out a judicial sale of the asset through a legal process. This allows a court to determine the sale and distribution of the assets. Use or lease agreement If the property is usable, the heirs can consider a shared use agreement or lease until they find a permanent solution . Mediation In cases of more complex disputes, mediation may be an option. A neutral mediator can help facilitate communication and find solutions acceptable to all parties involved. Dealing with an undivided inheritance requires patience, understanding and co-operation between the heirs. With the help of legal professionals and, in some cases, mediators, it can be crucial to avoid protracted conflicts and find the best solution for all parties. And if youre looking for more information on this topic, take a look: Practical guide to sharing assets in inheritance
Source: Freepik Author: Redaction In recent years the real estate sector in Portugal has undergone significant changes, leading to more and more buyers and sellers recognising the advantages of turning to real estate agencies to facilitate the whole process of buying and selling property . This trend is driven by a series of developments that highlight the numerous advantages offered by these property professionals. One of the main advantages is the in-depth knowledge of the local market that estate agents have within their geographical area of operation. With permanent access to up-to-date data on property prices and market trends, agents are able to offer accurate guidance to both buyers and sellers , helping to establish fair and realistic prices on both sides. In addition, estate agents vast network of contacts is also a crucial factor. For sellers, this means that their properties have wider exposure, reaching potential buyers who wouldnt be reached otherwise. On the other hand, buyers benefit from the ability of agencies to find properties that fit their preferences and budget, thus saving time and effort in actively searching for them . Another notable development is the increased complexity of the paperwork and legal aspects involved in property transactions. Real estate agencies play a crucial role in ensuring that all the necessary documentation is managed throughout the process - whether its a sale process or a property acquisition process - ensuring that all the details are handled correctly and avoiding any legal problems in the future. In terms of the tools available, technology has played a key role in the growing digitalisation of the real estate sector. Today, more and more real estate agencies are using online property management solutions and other types of digital tools to optimise their activity and provide better support for their clients. Real estate portals , for example, allow estate agents to advertise the properties of their selling clients so that their buying clients can also view the properties virtually, allowing the potential buyer to have a first contact with the property through an advert with complete and detailed information and appealing images, virtual tours and professional videos that make them feel like they are inside the property. This is a strategy that boosts both the sale and purchase of property, catering for all interested parties in the process. Advantages for Buyers 1. Access to Varied Options: Agencies have a diverse inventory of properties, allowing the buyer to choose from a wide range of options. 2. Expertise: Real estate agents have detailed information on the local market, prices and trends, helping buyers make informed decisions. 3. Time Saving: These professionals have tools at their disposal that allow them to filter properties according to buyers preferences, saving time by presenting options that effectively meet their needs. 4. Agile Negotiation: Rely on the negotiating expertise of a real estate agent to obtain the best price and most favourable conditions for your business. 5. Legal Assistance: Real estate agencies help their clients with the bureaucratic and legal aspects of the purchase, ensuring that all documents and contracts are in order. 6. Post-purchase follow-up: Many agencies continue to guarantee their support even after the purchase, helping their clients with issues that may arise after the transaction. Advantages for Sellers 1. Wider exposure: Real estate agencies have a base of potential buyers, broadening the visibility of the property and increasing the chances of a sale. 2. Fair Price: These professionals analyse all the data available on the market to correctly value the property, ensuring that a fair and attractive price is assigned to buyers. 3. Professional Marketing: Estate agents have the resources to promote your property in a professional manner, including quality photos, attractive descriptions and advertising strategies. 4. Time Saving: Estate agents screen all interested parties, showing the property only to qualified buyers, thus saving the seller time. 5. Negotiation Mediation: They take on the role of impartial intermediaries in negotiations, helping to reach agreements acceptable to both parties. 6. Handling Documentation: The bureaucracy involved in the sale is handled by the agency, avoiding mistakes and legal complications and ensuring that the seller is protected in legal terms. These advantages highlight the importance of estate agencies in providing a service that aims to facilitate and speed up the process of buying and selling property , benefiting both buyers and sellers. Which estate agency is best for me? Choosing an estate agency in Portugal requires some research. Look for references, online reviews and check the agencys reputation. Make sure it has an AMI licence and local knowledge of your areas of interest. At supercasa.pt we help you find the right estate agency to buy or sell your property. Search and discover each of the agencies available on our site , explore their property portfolio and the quality of their adverts, so you can get a better idea of the quality of the services they provide. Get started now!
Source: Freepik Author: Redaction With the legislative changes made in 2008 within the scope of SIMPLEX, you no longer need to go to a land registry to make a Public Deed (PD) and put into effect the act of buying and selling a property , making a donation or an exchange. You can delegate these functions , in a faster way, to a lawyer, solicitor, registrar or a notary public to draft a Private Authenticated Document (PAD) . What is a PAD? Before the entry into force of Decree-Law 116 of the 4th of July, the formalization of real estate transactions was the exclusive competence of notaries. With the creation of the one-stop-shop, a professional in the area of jurisdiction can be called upon, in which the private document on the legal transaction is written, signed exclusively by the intervening parties, authenticated by the competent legal entity and deposited in the Online Property Platform . After the conclusion of the process and the validity of the document is attributed, the PAD will have the same legal effects as a PE . As with the latter, the diploma does not dispense with the need to register the property at the Land Registry. Depositing a PAD There are three steps required to deposit a PAD: Access the Predial Online platform; Fill in the document deposit form; Attach the scan of all the documents you wish to deposit. In the scanned documents attached, must be assured the following criteria: The original documents are legible; The signature on the documents is made with black ink or very dark ink for legibility reasons after scanning; Digitisation can only be carried out in black and white or grey scale, as colour scanning reduces the contrast between the redaction and its physical support; All the pages of the document are in the same file; The final digital document can only be sent in .jpeg, .tiff or .pdf formats and cannot exceed 5 Mb in size. After the payment of the order is confirmed, a deposit confirmation e-mail is sent to the address indicated by the orderer . It contains the identification information of the legal entity that authenticated the documents deposited, the date and time when the request was made and the respective code assigned, which allows access, by public and private entities, to all the electronic documents that accompany the PAD. Access is valid for an initial period of six months, renewable for a further year against an additional payment. What about PD? It is the best known and considered, due to its more formal character, the most secure method in a transaction. It is a declaration that expresses in written form, for example, the act of purchase and sale of a property between the interested parties. The document is drawn up exclusively by a notary and signed by the contracting parties , including the signature of the person of jurisdiction, who is the one who draws up the authentic document. The Deed immediately becomes legally effective and is subsequently filed in a Notarys Office. But here too there is already the Casa Pronta counter , an online tool made available by the Ministry of Justice and which facilitates the immediate completion of all the necessary formalities relating to the purchase and sale of houses . The difference in costs between a PAD and a PD As the preparation of a PAD is simpler and more convenient than the execution of a traditional Deed, its costs may also, as a general rule, be lower . You should, however, question them beforehand in order to consider between the two models whether it adapts better to the typology of the property, type of business and urgency of the transaction. The costs of the PAD: Deposit of the PAD: 20 euros Adding documents to a deposit already made (includes an access code valid for six months): 15 euros Online renewal of the access codes validity for one year: 5 euros Renewal, in a registry office, of the validity of the access code for one year: 10 euros The costs of the PD: At the time of the Deed there is at least one tax that is compulsory to pay: the stamp duty (IS , abbreviation in Portuguese ) . And if you have taken out a bank loan to buy your new property, you can count on paying IS not only on the value of the house (0.8%), but also on the mortgage (0.6%). Another tax is the Municipal Property Transfer Tax, better known by its common name of IMT (abbreviation in Portuguese). The rate of this tax varies between 0% and 8%, depending on at least four fundamental factors , listed by the online IMT and IS calculation simulator, provided by the Association of Real Estate Professionals and Companies of Portugal (APEMIP, acronym in Portuguese): The location of the property; The type of property; The price of the property; And the complementary values. Besides the certainty of paying the taxes, the buyer will also have to pay the notary and registration fees . The values vary according to whether it is done in a notary or registry office, in the Online Land Registry or through the Casa Pronta counter. According to the values stipulated in the Justice Portal, the definitive registration of the acquisition of a property in a land registry costs 250 euros. However, if the request is made online, it is 10% cheaper, i.e. 225 euros. As for the permanent certificate, the cost is 20 euros in person, while over the Internet, it costs 15 euros . In addition to these costs, you will also have to pay VAT and the notarys fees and, if necessary, the fees of a solicitor or lawyer. If you want to resolve all the formalities immediately, all you need to do is access Casa Pronta and the process is completely streamlined with the cost ranging from 375 euros to 700 euros , if you have obtained financing to purchase the property. Choosing between a PAD and a PD The decision should always be made by the parties involved in the property transaction and will depend on the complexity of the purchase and sale process. For example, the acquisition of a rustic building through inheritance unclaimed by one of the owners will always take longer than a contract between two entities. Although it is desirable that the act is carried out in the most practical and speedy manner possible, the will that both parties wish to give to the process should be respected – even if this means drafting a PD in the traditional manner. Read other related news: Property Deed: Fundamental step in buying a house and House deed by video call from April
Source: Freepik Author: Redaction Following the More Housing Programme , a series of measures will come into force that contemplate, among the various axes, the increase in the available housing supply. The demand for affordable housing is growing and, in this scope, the Government has prepared some trump cards. We are talking specifically about the IRS exemption on capital gains that result from the sale of property to the State , municipalities and Autonomous Regions. Thus, the number of public dwellings will increase and it will be possible to promote affordable rentals. This is a proposal that will be debated in Parliament already next week, on the 19th of May. According to the Proposed Law No. 71/XV/1st: gains resulting from the sale for consideration, to the State, to the Autonomous Regions or to the local authorities, of residential property will be exempt from personal and corporate income tax. Currently, 50% of the value of capital gains is subject to the progressive IRS rates, so there would be an exemption from this tax. However, two exceptions are provided for: When from the sale of a property to the State the gains realised are obtained by residents with tax domicile in a territory, region or country subject to a more favourable tax regime - offshore. When the gains realised from the sale of property to the State are derived from property situated in an urban rehabilitation area. In this case the council can activate its pre-emption right. The law also states that income which is exempt from the payment of IRS on capital gains is compulsorily aggregated for the purposes of determining the rate to be applied to the remaining income . Other exceptions If you sell your house (which is not your own residence property) to amortise the mortgage of your own permanent property, you can also benefit from the exemption of capital gains. The Government has already announced its intentions to suspend the 36-month period between the sale of a property and the reinvestment in another one, giving families more time to invest the capital gains in the purchase of another home of their own. However, to ensure the IRS exemption, before the sale, the property will have to have been the taxpayers own and permanent home or that of his family, as proven through the respective tax domicile, in the 24 months prior to the date of transfer . However, those who made this transaction in the year in which they made the gains and in the three previous years cannot benefit from the capital gains exemption, unless they can prove exceptional circumstances . Tax exemption for accessible renting According to the Government note, housing placed on the market under the Affordable Housing Programme will now benefit from zero taxation. To these will be added zero taxation in terms of IMT and IMI, provided that these are actually intended for affordable housing. In terms of taxation, the Government explains that a zero taxation rate on property income will be applied to all owners of local housing that during 2023 to 2024 decide to move from local housing to the rental market, until 2030. As for the taxation that results from property income, there will be a decision of the general tax rate, which will go from 28% to 25%. This rate, applicable to contracts between 5 and 10 years, will fall from 23% to 15% for IRS purposes, while in contracts between 10 and 20 years, the rate will fall from 14% to 10%. In contracts with a longer duration, over 20 years, the rate will go down from 10% to 5%. More Housing related themes: Works in Lisbons municipal districts to start this year , Statistical Synthesis of Housing - February 2023 or Applications to Porta 65-Jovem open until 30th May
Source: Freepik Author: Redaction About 50% of the Portuguese are already choosing to exchange their current property for houses with smaller areas and lower values to avoid the risk of defaulting on loans, in a period when rising interest rates are putting increasing pressure on family budgets, reveals imovendo in a statement to SUPERCASA Notícias , after analysing a survey of more than 800 people. The proptech survey also revealed that 20% of owners who put a property up for sale in the first quarter of the year did so to fill the needs that are accumulating due to inflation and rising interest rates. Many Portuguese homeowners are currently more focused on ensuring they can comfortably pay off their home loan than buying the biggest or most luxurious property that the family budget allows , highlights Miguel Mascarenhas, co-founder of Imovendo , pointing out that the trend of people looking to switch to smaller homes is not new, but it has accentuated significantly in this first quarter of 2023. The impact of rising interest rates has been huge. In my case, my instalment that started, in 2021, at €400, has gone, in 2023, to €700. Not all families will be able to afford these increases, confessed one of the respondents - who preferred to remain anonymous - who is trying to sell his house outside major centres like Porto and Lisbon . The significant number of homeowners selling their properties to meet financial needs reflects the deepening economic uncertainty and difficulties in the budgets of Portuguese families. Although there is still a significant proportion of homeowners putting their homes up for sale due to family changes (46%), the rate of people who have moved on due to monetary necessity is already significant and worrying. It is necessary that the government reflects seriously on this change, since the rental market is also quite inflated, stresses the head of proptech in the note to which SUPERCASA Notícias had access. Read also: IRS reimbursements have started to be paid , Mortgage loans: what should be proposed in a renegotiation or More Housing Programme: find out how much you can save on your mortgage
Source: Pexels Author: Redaction Divorce is undoubtedly a very important decision in the life of a couple and, in this sense, in addition to all the family and social aspects, all issues regarding housing must be taken into account, as well as the responsibilities arising from a mortgage which may be associated. Although there has been a decrease in the number of divorces (and marriages), as the chart below indicates, the financial system, the real estate market and the legal framework in Portugal are already equipped with a set of tools and solutions that may allow a divorce process, in a context of a mortgage, to be carried out with some speed. 1. Confirm owners, borrowers and purpose of house loan Typically, the couple are co-owners and co-borrowers (in plain language, co-debtors) in the same percentage, respectively, of the property and the associated mortgage. It is also common for banks to require that the instalments be paid into a joint account, so it is this more normal scenario that we consider in this piece Finally, also in most cases, the property given as a guarantee in the credit contract is for permanent residence (where the couple and the children live) or, to a lesser extent, for a secondary residence (a holiday home for example). 2. Appraisal of the property and value of the debt For this purpose, the couple should contact a real estate mediator with whom they both agree or, if they prefer, a real estate mediator for each one of the parties and, thus, obtain two reference values (and an average) for the house, which, in some way, may free the couple from any more emotional valuation that each one of them may naturally attribute to the house. With a notion of the market value of the property, the couple should compare it with the amount owed on the mortgage, that is, with the amount of capital that is still to be amortized (outstanding capital), thus obtaining the so-called LTV (Loan-to-value = amount owed / property value). The solution to be implemented will be quicker and easier the lower this indicator is. In other words, if it is 30%, it means that if the property is worth £100,000 and if the couple sells it for this amount (to a third party or to one of the spouses), they will be able to totally amortise the debt (£30,000) and still have £70,000 left over. It is at this stage that the couple should make a first decision as to the strategy to be implemented, and should also seek the advice of the mediators in order to start identifying properties for purchase or rental. 3. Contacting and informing the bank Once these preliminary steps have been taken, the couple must then inform the bank of their decision, whether or not it has been formally formalised. At the same time, you can and should have some alternatives in mind regarding other potential lenders, be it another bank where you are already a client(s) or a credit intermediary. 4. Sale of the house on the market and amortization of the loan In this case, the couple chooses to put the house on the market and sell it to a third party . If there is a mortgage to be paid, the surplus product of the sale (and consequent taxation, i.e. payment of eventual capital gains) is divided between the two members of the couple according to their percentage of ownership. In order to calculate the capital gains, the commission paid by the estate agent is deducted from the value of the capital gains. 5. Sale to one of the spouses and mortgage credit release One of the spouses may also choose to sell his/her share of ownership in the property to the other spouse and consequently release him/herself from his/her share of the credit liability. At this point, the following should be considered: At the outset, it is important to ascertain the return, i.e. the amount that one of the spouses will have to pay to the other to keep his or her share. In simple terms, the value of the cash payment is equal to the transferors share of the (market) value of the property, minus the share of the credit liability of the vendor/buyer; LTV (value in debt/value of the property) is the same, but now there may be the aggravating factor that only one of the spouses will pay the remainder of the loan; However, a ccording to the law, the creditor bank cannot increase the contracted spread as long as the effort rate of the spouse that stays with the property is inferior to 55% or 60% if he/she has two or more dependents The creditor bank, however, may require additional guarantees (other property, savings) or the extension of the contract term; In case of agreement between the parties and acceptance of the request by the banking entity, an addendum to the contract will be signed by all parties involved (guarantors included, if any), certifying that the house is now owned by only one of the spouses; 6. Sale to one of the spouses and new credit agreement If there is an agreement as to the return and the creditor bank does not accept the release of one of the debtors , the acquiring spouse may contract a new financing with another institution which will have the property as a guarantee and whose financed amount will have to be sufficient to amortize the totality of the ceasing credit and, if necessary, pay the return to the spouse who sells. Find out more about related issues: how does the family address look in a divorce or w ho pays the Property Tax in a divorce
Source: Freepik Author: Redaction With the evolution of the digital world the impact on the real estate market was notorious, caused by the use of new technologies. The internet has become a world and the main means to advertise a property and raise excellent business opportunities. The demand of this evolution requires real estate agents new communication skills between them and the owners or potential buyers. Following this premise, the SUPERCASA gathered a set of tips that you should take into account when advertising your properties on the internet, thus quantifying the value of the respective property. #1 Identify real estate professionals This task is one of the most important when thinking of selling your property. The process of buying and selling a property implies several procedures, legal and contractual issues, for this it is necessary to have some knowledge of the real estate market what demands some time of research and work. To resort to an estate agent makes this process more efficient and faster, for the knowledge and experience that the same already has of the sector, and will be able to advise of the best form in all the stages of sale. #2 Detailed and appealing description of the property Try to detail as much as possible the characteristics of the property in order to capture the attention of the potential buyer. Describe properly the property, emphasizing to the maximum important details that can give more prominence to your property. There are many points that should highlight and one of the most important is the location, proximity to services, schools, supermarkets, this will further enhance the value of housing. Also talk a little of the area in which the property is inserted. Ensure contacts, email, mobile phone numbers, and try to respond with maximum readiness, communication facilitates most of the relationship established with the interested parties. Use common language, you are interacting with a wide audience, it is important that they understand your approach. #3 Good image gallery Photographs capture most of the potential buyers interest. Choose to photograph the property when it is tidy, clean and with good lighting. This method will be the business card of your property. #4. Choose a platform to advertise your listing The process of selling a property becomes more effective and faster through the platforms of disclosure. SUPERCASA is the National Real Estate Portal for disclosure of property, with presence in the main international markets, for those who are looking for a house in Portugal. Designed to meet the needs of its users, both professionals and individuals, the SUPERCASA is available in web version, mobile and App. The process of selling a property can be demanding, but choosing to sell online will not only facilitate the procedure, but also make it more appealing and interesting for a generation that increasingly lives in the digital world.
Source: Pexels Author: Redaction Buying a house is a big step, and often people are looking for a house for the rest of their lives, in these parameters are more demanding, because they are looking for a property that meets their needs and dreams. Currently many buyers are more demanding in the selection of houses they want, in this sense as a seller avoid failures and try to meet the demands. In this article you will find a set of tips to avoid failures in the sale of a property. #1 Neglecting a professional One of the first mistakes you can make when you want to sell a property is not hiring a professional consultant to support and help you with the necessary skills. A professional knows how to value your property and essentially knows how to evaluate the possible buyers. Selling a property privately will take longer than resorting to a real estate consultant. #2 Emotional connection with the property Often sellers of the property simulate a higher asset value by the sentimental value they attach to it. These characteristics often cause owners to lose good deals. #3 Empty rooms and not depersonalizing the property Sometimes selling an unfurnished property can become an obstacle to its sale. Many buyers look for the potential of each room, try to furnish the house with neutral furniture and allow buyers to analyze and idealize the space as if it were a model home. #4 High price Putting a property for sale with a price above the market value is a common mistake. Try to establish a fair price that fits the market prices, so you will have more chances to sell the property faster and acquire more visitors and proposals. #5 Not clarifying possible problems with the property When you schedule the first visit to the house, clarify right away the flaws that the property has, try to be as true and honest as possible, even if the flaws are insignificant. #6 Not giving buyers space To make potential buyers feel more at ease, give them space to get to know the house and share opinions with each other. #7 Poor quality photos in the ad Often what counts in attracting potential buyers are the photographs taken and posted in the advertisements. The market these days compares immensely through what the eye sees. Investing not only in good decoration but also in a pleasant environment for photographic production is essential. Remember when you think of selling a property it is essential to do a thorough cleaning and necessary repairs to later put the property for sale. The valuation of the property, cleaning, decoration, repairs, lighting, sun exposure are important features that should be taken into account when you intend to sell a property. Without forgetting that a professional consultant can also be a great help to find successful deals.
Source: Pexels Author: Redaction According to the latest data from the Rustic Property Working Group ( GTPR ), about 30% of the rustic properties are not currently updated in the inheritances. The proposal is under study to apply deadlines for the updating of these processes, where they drag on for various reasons, for example, the absence of wills where the partitions take place. All the measures sent by the GTPR , which aim to improve this aspect, will be reviewed and put forward for possible approval in the month of November, where they will be made known to the rest of the public. For now, we refer to the main measure of stipulating a specific deadline to define the divisions of land and inheritances. At the moment, there are 11.5 million rural properties in Portugal, and according to Rui Gonçalves, coordinator of the GTPR , the present situation cannot be maintained giving priority to the agreement between heirs. Read more in Process of sale of inherited property and Bureaucracy in the qualification of heirs.
Source: PURE Author: Redaction The commercial value of the two properties exceeds 10 million euros, with the penthouses having been sold to foreign investors who represent about 80% of the buyers of the Promenade, recently completed on Avenida 24 de Julho, according to a statement sent to SUPERCASA Notícias. Inside the luxury flats, with an area of 670 sq. m and 970 sq. m respectively, the large windows allow one to enjoy the luminosity of the city of Lisbon and the panoramic view of the waterfront, where the quality of life comes naturally from the proximity to the Tagus River. In the penthouses all the details and characteristics reflect refinement and exclusivity. They bring together high quality finishes and equipment that allow an experience of comfort and modernity, among them, the direct and exclusive access to the roof of the building where there is a private terrace with swimming pool, the Gaggenau marbles and kitchens, the heated floors, the home automation system that makes these houses intelligent. All the bedrooms are en-suite and some include a walk-in wardrobe. The largest penthouse is composed of six suites, plus one designed to serve the staff, a living and dining room of around 90m2 and a roof terrace with an exclusive pool of around 355m2. Privileging the concept of privacy, these flats have parking boxes for up to six cars, which, through a private lift, allow direct access from the box to the interior of each of the units. Besides the parking spaces, this space has a fully equipped pantry, bathroom and electric vehicle charger, making it the ideal space for some different concept: a living room, a games room or any other use that fits the family dynamic. In the five housing floors, the Promenade has 36 flats and four penthouses, of typology T1 to T6. The development also has an exclusive SPA with gymnasium and indoor swimming pool, designed in a contemporary architectural style. With the development concluded, all that is awaited is the issuing of the usage license, requested more than a year ago, so that the houses can be delivered to the buyers. AM|48 is responsible for the promotion of several quality developments, not only in new construction, but also in urban rehabilitation. From its portfolio are part of the enterprise Ópera Lx, in the middle of Avenida da Liberdade, the Focus Lx in Avenida António Augusto Aguiar and the The Boulevard, in Praça dos Restauradores. AM48 is currently developing new projects in Lisbon, Aveiro and the Algarve.
Source: Pexels Author: Redaction When you want to sell a house, sometimes the idea of being a good property at a good price is not enough, you have to gather creativity in order to close the deal as quickly as possible. Currently it is possible to verify adversities in the real estate market and it is necessary to innovate to reach potential buyers. That is why betting on creative methods can be a solution. We have gathered some tips that may help you: #1 Determining the target audience The way you approach the potential client can be determinant. Conveying a message that is accurate will help you reach exactly the target audience you want to reach. When publishing real estate ads you can target a certain niche, for this you need to organize and define business goals. #2 Value Perception Demonstrate to the target audience the value of a certain property, that is, social values and quality of life that a certain location has to offer. Extracting the maximum of positive points that highlight the property in question is one solution. #3 Creative and associative description Adapt the text sent to the public with excerpts that capture the attention of the potential buyer and leave him intrigued wanting to know more about the property. #4 Promote your house in the SUPERCASA portal dedicated to real estate It is only necessary to know how to advertise your property, allowing access to a vast number of potential buyers. If you want to sell your property and close the deal as fast as possible, we have a solution for you.
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