Stage 1: Preliminary "promissory buying and selling" contract
Once a price has been agreed with the vendor both parties will sign a preliminary "promissory buying and selling" contract, called a Contrato de Promessa de Compra e Venda and the buyer will make a deposit of 10%-30% of the purchase price (except...
Stage 2: Completion (escritura de compra e venda)
The completion of the purchase should occur approximately 3 - 4 weeks after signing the "promissory buying and selling" contract, when the "escritura" contract, called a escritura de compra e venda is ready to be signed by both the vendor and purchaser. The...
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