There are a number of options available when selling your property in Portugal; the more common of these are:
- Estate agents
- For sale by owner
- The best of both worlds
If you decide to use a property agent, you have two further choices:
- Your local agent, who will know the area well – you will usually get to know this person just from living in the area
- An agent who specifically markets to the UK
Your choice here will very much depend on your property – for example, as a property that is currently home to a UK expat, is it likely to only appeal to other UK expats? Regardless of your choice, you must ensure that your agent is AMI-licensed.
You also need to think about how quickly you are wanting to move with your sale. Generally agents will charge between 4-10%, and the higher the percentage the quicker they will be likely to sell your home. This is because generally the agents who charge a lower % will not be offer advertising that is as dynamic as those who offer a higher percent. These agents will general rely on prospective buyers walking in to their office, whilst the more costly agents will be more active, conducting inspections and visits, and invest in flying prospective buyers over to view your property. The latter agents are also more likely to have better photography and will list your property better.
Should you decide to sell the property yourself, this will usually involve advertising your property online. This will usually be a much lower cost option and will potentially reach a wider audience, depending on the site.
The last option is to market your property through an estate agent, and yourself online. The standard sales agreement in Portugal is not exclusive, so this gives you maximum advantage across the board.