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When can you pull out? selling a property in Portugal
When can you pull out? selling a property in Portugal
Hi
Just wondering up to what point in the sale of a property can you change your mind ? i.e pull out and cancel it all? And is there charges involved ? Such as extra solicitor fees ?
Thanks
Hope for some replies soon please!
Just wondering up to what point in the sale of a property can you change your mind ? i.e pull out and cancel it all? And is there charges involved ? Such as extra solicitor fees ?
Thanks
Hope for some replies soon please!
Re: When can you pull out? selling a property in Portugal
you can pull out anytime before the contract conclusion -
However, if you have made an offer and signed a "Promissory" (pre sale contract) you will be liable, and will have to pay the seller, at least 10% of the total asking price of the house
if the seller pulls out, they have to pay you 30%
at least that`s how it used to work....
However, if you have made an offer and signed a "Promissory" (pre sale contract) you will be liable, and will have to pay the seller, at least 10% of the total asking price of the house
if the seller pulls out, they have to pay you 30%
at least that`s how it used to work....
Re: When can you pull out? selling a property in Portugal
Hi that's great thanks for the info . And is contract conclusion the time after both parties have signed ? Thanks again
Re: When can you pull out? selling a property in Portugal
yes... and it normally happens the same day, Friday 12pm. so I guess you would have until about 11.59am to pull out... although I would not recommend it !