Inviting 3 bedroom Villa for sale in Guia, Algarve
This property is characterised by its stunning exterior, its garden full of personality and various species of tropical plants, which give it a unique tranquillity and harmony. And also for its swimming pool surrounded by palm trees, with a leisure and dining area with barbecue and all the amenities. This area has an electric awning to manage the sun's rays on days when the sun is shining.
Lower floor: area with potential for various features, such as the construction of an indepen...
This property is characterised by its stunning exterior, its garden full of personality and various species of tropical plants, which give it a unique tranquillity and harmony. And also for its swimming pool surrounded by palm trees, with a leisure and dining area with barbecue and all the amenities. This area has an electric awning to manage the sun's rays on days when the sun is shining.
Lower floor: area with potential for various features, such as the construction of an independent floor with a private bathroom, open plan living room/kitchen and a bedroom, both of which would have private entrances.
Main floor: large living/dining room with an electric fire and access to the covered terrace and garden. The kitchen is fully equipped with pleasant wood panelling and a combination of stone work-tops that give it a mix of classic and modern, also with access to the outside. 3 spacious bedrooms, 1 of which is en-suite. A
Located in a privileged urbanisation with easy access to all amenities, and just 40 minutes from Faro International Airport.
CHARACTERISTICS:
Area: 490m2
Deployment Area: 178m2
Building Area: 247m2
Bedrooms: 3
Bathrooms: 3
Garage: 2
Energy efficiency: D
FEATURES:
Algarve style
Private garden
Private pool
Tropical plants and palm trees
Leisure area and barbecue
3 bedrooms
Fully equipped kitchen
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Where is this property?
This Villa is located in Guia 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.