Warning: if you plan to use an exclusive buyer’s agency in Portugal, read this before calling or emailing listing agents!

We created this video primarily for our clients that are starting the process with us. We needed them to fully understand the market dynamics. But we realize that are many others that plan to work with a buyer’s agent in the near future and need to get this information as well. So we decided to do an informal video to explain the importance of following these recommendations.

(If you don’t mind working directly with the listing agent and feel comfortable making the purchase yourself, you have nothing to worry about. This video intends to help clients that want to work with an exclusive buyers agency).

You don’t want the seller agent to see us as a block between them and you. You need them to see us as the vehicle driving you to them. This gives us more power to represent you.

If you call, email, or send a message to a listing directly, or if you visit a property without your exclusive buyer’s agent on your side, the listing agent will automatically become your primary representative, and most likely, you won’t be able to change agents later.

Here in Portugal, it is normal for the buyer to belong to the first agent that showed the listing. Contracts and signatures are not needed for this representation to start. As long as the agent got your contact and gave you information on the property, if another agent comes along after the fact, it will be considered unethical and even unlawful. The second agent can be reported as crossing the line.

The point is: if you want an exclusive buyer’s agent to be able to negotiate the best deal for you and protect you legally, by calling seller agents directly, you are working against your plan.

The seller agent will only appreciate a buyer’s agent because of the pre-qualification process.

Some properties have been on the market for almost an entire year, with multiple listing agents trying to sell them. When an exclusive buyer’s agent brings a qualified buyer, It is valuable to the seller agencies; they will win the deal against many other agents and finally get their commission.

At Brint, when we bring clients to a property, they have everything needed to sign the contract. They have their Portuguese documents ready and have been pre-approved by a few major banks. After we deal with all the Portuguese bureaucracy and paperwork, the process becomes fast, easy, and secure for both parties.

That gives us access to a great network of seller agents because they appreciate how we do business. And our clients love to have the peace of mind of having an exclusive buyer’s agency coordinating the entire process on their behalf:

This is what is included on our EBA Package:

– Getting your Portuguese social security number remotely (NIF);
– Opening your bank account remotely;
– Preparing the Power of Attorney to represent in every step;
– Authenticate legal documents with our lawyers and notaries;
– Sending your financial dossier to multiple banks;
– Getting you pre-approved before visiting properties to accelerate the process and have more negotiation power;
– Shopping for the best insurance rates;
– Finding properties – unlimited inventory – we work with all real estate agencies in Portugal;
– Calling agents;
– Scheduling visits;
– Recording videos;
– Preparing a fair market value assessment;
– Negotiating price and contingencies;
– Making the offer – list the points we have concerns;
– Checking property documents and title against potential issues;
– Drafting or Revising the promissory contract
– Add contingencies;
– Signing or translating the Promisory Contract (CPCV) – no escrow account in Portugal;
– Helping you to save on money transfers;
– Coordinating structural inspection;
– Scheduling appraisal;
– Scheduling the deed and providing all documents needed;
– Signing the deed on your behalf or accompanying you to translate the closing event;
– Get the keys and celebrate!

This process is jeopardized if the client goes straight to the seller. Can we revert the situation?
We can try, but it puts a block in the relationship making negotiations more difficult.

The best way is to allow us to call on your behalf, ask the right questions, and run the process with our local market expertise.

Have questions?
WhatsApp is the best way to reach out to us: +19547784986
E-mail: hello@brintportugal.com
Follow us on Instagram:

We ask you to read this page and fill out a form, so we can better know you before our WhatsApp chat:

If we both feel we are a match for what you need, we will be happy to schedule a complimentary consultation meeting by sending you our schedule link.

We look forward to meeting you soon!

#portugalrealestate #realestateportugal #buyhouseinportugal #buypropertyinportugal

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