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房地产市场新闻
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Sale

Selling Real Estate: Documents needed to complete the process

23 六月 2022
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Dicas Mercado Imobiliário Destaque Notícia Homepage
In Portugal, selling a house is a process that can be exhaustive, due to the bureaucracies involved and the time that elapses from the moment the announcement of sale is made and the finalization that follows, with the signing of the deed. So, know which documents to gather.
Selling Real Estate: Documents needed to complete the process
In Portugal, selling a house is a process that can be exhaustive, due to the bureaucracies involved and the time that elapses from the moment the sale announcement is made and the finalization succeeds, with the signing of the deed. 

So follow the essential steps and learn what documents are needed to sell real estate.

Gathering the necessary documents to sell the house
The sales process includes a number of important documents for the sale of real estate, whether for the announcement of the property, for the conclusion of the promissory contract, for the application for credit by the buyer, and finally the deed. 

The documents required for the sale of real estate are

Certificate for the sale of real estate from the Real Estate Registry
This is the certificate for the sale of real estate that mainly indicates the owners of the property and its history. It can be obtained through the Land Registry Online site and is valid for 6 months at a cost of 15 euros.

Caderneta Predial Urbana
The Caderneta Predial contains information such as the identification of the owners, the location of the property and its fiscal situation, the patrimonial value, and all data relating to the dwelling. 

This declaration for the sale of property can be obtained at the tax office in your area of residence or online, in the personal area on the Finance Department website. It is from this document that the Municipal Property Tax (IMI) can be calculated.

Utilization License
This essential document for the sale of real estate is issued by the local council and identifies the purpose for which the property is intended, if it agrees with the legality of the construction and if it meets all legal requirements.

Blueprint of the property
It is also requested at the local town hall, and is the document for legal property sales that indicates the gross and usable areas of the property, as well as the size and location of the garage, storage room, and other spaces belonging to the dwelling. 

All the measurements pertaining to it will be documented there.

Energy certification
This certificate qualifies the energy consumption of the property, certifying it from A (very efficient) to F (not very efficient). This is a necessary document for selling property, and is issued by the Energy Agency - a public body that regulates the energy certification of buildings, and has been mandatory since 2013 for all owners wishing to sell or rent their property.

Housing Technical File
It is one of the documents required for the sale of real estate properties where the technical and functional characteristics of the house are described, as well as the details of the architectural project, and its issuance is the responsibility of the construction technician. 

The Technical File is mandatory for properties built after 2004, inclusive.

Public Deed
The Deed is the last of the documents required for real estate sales in the whole process, in which the property is transferred from the current owner to the buyer. 

It can be done in a Notary's Office, Land Registry Office, or at Casa Pronta branches, where you can deal not only with the Deed, but also with all the formalities inherent to the purchase and sale of a property.

Optional documents for real estate sales
 
Signing a promissory contract
After an agreement has been made with the buyer regarding the details of the purchase, such as price and forms of payment, it is advisable to draw up an agreement called a promissory contract of purchase and sale, which has the purpose of binding the parties to the future business, determining the terms and conditions of the purchase and sale.

A promissory contract should contain, for example, the identification of the seller and buyer, identification of the property, as described in the Registration Certificate, the price of the purchase and sale, the description of the terms and conditions of payment and the deadline for the deed.

This type of document for the sale of real estate is not mandatory, but recommended, and is already a common and customary procedure in cases where, for example, the buyer needs to apply for a bank loan, or when, for whatever reason, the deed cannot be performed immediately.

Payment of Taxes
When the purchase and sale of a property is made, the Municipal Tax on Real Estate Transfers (IMT), the stamp duty, and the acquisition costs have to be paid. In this case, all these costs are charged to the buyer.

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