Stunning 3 bedroom Villa for sale with sea view in Faro, Algarve
A paved driveway leads up to the large double garage with carport and front entrance of the house. The main door opens onto the open-plan living room.
The living room is very bright and spacious and opens onto a large South facing terrace with a covered dining area and the swimming pool. The living room with fireplace is L-shaped, with a dining area and access to the fully equipped kitchen to the right.
The Master bedroom with en su...
A paved driveway leads up to the large double garage with carport and front entrance of the house. The main door opens onto the open-plan living room.
The living room is very bright and spacious and opens onto a large South facing terrace with a covered dining area and the swimming pool. The living room with fireplace is L-shaped, with a dining area and access to the fully equipped kitchen to the right.
The Master bedroom with en suite bathroom has views to the garden and the sea. The further two ground-floor bedrooms share a bathroom and a guest WC. There is an extra room with direct access to the double garage with space for 3 cars, a carport, and adjacent storage areas.
The internal staircase leads from the living room up to a bright landing on the first floor which is used as a study. From there an external staircase leads to a large roof terrace with stunning panoramic views to the ocean and the hills around.
On the exterior of the property is the beautifully landscaped garden, an overflow swimming pool (10 x 5 m), pool shower, various open and covered terraces, annexes for technical equipment and a wooden house 5 x 4m used as a workshop and for the garden utilities. For fun and enjoyment there is a Petanque court.
On the land there is a large selection of flowers, bushes and fruit trees ranging from oranges, lemon, figs, olive and carob. The garden has an automatic irrigation system and several illumination groups installed. The plot is fully fenced, giving access through the automatic gates.
The property has 10 solar panels for heating the domestic water and the underfloor heating also connected to a gas tank (1000 kg).
All windows are double glazed with mosquito netting and electric shutters. There is air conditioning in the Master bedroom, an alarm and video gate control.
There is a borehole and mains water, a water softener and Kinetico decalcifying filters installed.
The property has been built and maintained with good care and ready to move into, ensuring the highest level of comfort all year round.
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This Villa is located in Faro 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.