Modern 4 bedroom Villa for sale with countryside view in Pechao, Olhao, Algarve
This modern property is easy to maintain with everything new and of good taste. A hall gives access to the stairs leading to the upper and lower floor and also to the living area where there is a spacious and bright living and dining room with a modern open fitted kitchen, underfloor heating, LG air conditioning and a pellet stove.
There is a corner provided for an office. This living room gives access to a beautiful outdoor terrace, and the modern kitchen is equipped with a Bosh appliances, a large refrigerator and 2 ovens. Additionally, there...
This modern property is easy to maintain with everything new and of good taste. A hall gives access to the stairs leading to the upper and lower floor and also to the living area where there is a spacious and bright living and dining room with a modern open fitted kitchen, underfloor heating, LG air conditioning and a pellet stove.
There is a corner provided for an office. This living room gives access to a beautiful outdoor terrace, and the modern kitchen is equipped with a Bosh appliances, a large refrigerator and 2 ovens. Additionally, there is a utility room for storage, a washing machine and dryer.
Also on this floor is an en-suite bedroom with plenty of modern and well-designed storage cabinets. The bathroom has a shower. It enjoys access to a terrace, and the bedroom has electric shutters.
Via the stairs with stainless steel and glass railings, there are two en-suite bedrooms, one is the master bedroom with a large walk in wardrobe and a bathroom with shower. The other bedroom is also en suite, and there is underfloor heating in the first floor bathrooms.
The lower ground floor is on the one hand a storage room and on the other hand, an additional guest bedroom with a small window. - the terraces are large and perfectly furnished with a beautiful view of the countryside. - there is no swimming pool but there is a permission to build one .
The underfloor heating is electric, the solar panels are used to heat the water in the house, city water and city sewers. There is an alarm system, LG air conditioning throughout and electric shutters everywhere.
It is sold non furnished but the furniture can be bought at an agreed price.
This villa is located in Pechao, where there are all kinds of amenities and services, such as supermarkets, cafes, pastry shops, markets and schools. It is a 10 minute drive to the beach, and 3 minutes from the centre of Ohlao.
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This Villa is located in Olhao 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.