Selling a property

When the time comes that you would like to sell your Algarve property, it is important that you choose the best real estate agent to represent you. At Compass Property Sales we are proudly independent and specialize in selling property in the Central Algarve and the Eastern Algarve. Listed below are some of the things you should consider before putting your property on the market.

1. The Real Estate Agent

Choose an agent that is locally situated, multi lingual and is fully licensed. With our main office in Tavira and an administrational office based in Loule, Compass Property Sales ( AMI license 17591) is ideally placed to ensure all our buyers and sellers of the Central Algarve and the East Algarve are given our full support and commitment. Our international team are fluent in various languages including Portuguese, English, German and French.

2. Property and market appraisals

We are an owner operated, independent Real Estate agency working to achieve the correct sales price for our clients. Whether you would like an appraisal of the current property market or a free no obligation property valuation, then please make an appointment with one of our owners. Our valuation appointments offer you the perfect opportunity to meet with us to discuss the best way that our agency can help you sell your property. With our vast experience of selling property in the Algarve combined with our in-depth local knowledge, we will provide you with a realistic and current valuation of your property. Most importantly, we will be fully transparent and inform you of the realistic achievable goals so that you can start planning your next step. Each of the properties in our property portfolio are personally listed by Compass Property Sales.

3. Property documents

It is important that the real estate agent can fully understand the Portuguese legal documents of your property. In order to list and sell your property, the agent must have the following documents:

Habitation Licence - Licença de Utilização

Tax department document - Caderneta Predial 

Land registry document - Registo Predial

Energy Certificate - Certificado energético

Floor plans  - Planta(s)

Technical Description (for property constructed after March 2004) - Ficha Técnica de habitação

Normally your legal representative will have copies in order to forward to us on your behalf.

NOTE . If you have made any alterations or additions to your property or if you are aware of any new legal issues, it is important that as your agents, we are fully informed. Many a sale has been lost during the due diligence as a result of undisclosed property issues. Full property disclosure allows us to discuss the situation with the buyers from the start in a professional manner and eliminate the possibility of surprises later in the sales process.

4. Marketing agreement.

In order to legally market a property in Portugal, real estate agents require a signed marketing agreement. Owners can opt for either a non-exclusive marketing agreement (multi agency) or an exclusive marketing agreement (single agency). At Compass Property Sales we will discuss advantages and disadvantages of both regimes so you can choose the best strategy for the sale of your property.

5. Preparing your property for viewings

First impressions matter. It is important to declutter, do any repairs necessary and “neutralize” your property in order to present it in the best possible light. By taking the time to put a little effort into the presentation, you can vastly improve the perception of your property and increase the likelihood of a quicker sale.

6. Marketing of your property

The sales literature for your property and the high quality photographs will be organized by ourselves. Once prepared, we will do our utmost to give your property the widest exposure via our multi-channel marketing. At Compass Property Sales we make the most of the technology available (e.g. social media platforms) alongside our new and multilingual website ( www.compasspropertysales.com ) that is updated daily. We expose your property to an extensive range of potential buyers using traditional and modern marketing tools and methods. With Compass Property Sales, the highly experienced owners will deal directly with the sale of your property.

7. The sale of your property

Our goal is to facilitate and negotiate your property sale so that you achieve a successful, stress-free completion. There are always various parties involved in the sale of a property in Portugal including lawyers, surveyors, notaries, banks, currency companies and of course the vendor and the buyer. Understanding the legalities and managing the complexities of the sale can be tricky. With our experience, we are able to co-ordinate and advise all parties on situations that may arise as part of the sales process ensuring a smooth and trouble-free transaction.

If you have any additional queries or questions regarding any aspect of selling property in Portugal then please feel free to contact us.