Want to buy a house in Lisbon, but feel overwhelmed by the amount of costs involved? Find expert answers to any question here, so you can make informed decisions - and even save money!
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The simplest way to get a realistic budget for buying a property is to use an online budget calculator, which takes into account all the costs involved in the process of buying a property and gives an accurate result.
First of all, you need to have a minimumamount of money available to cover the initial costs, i.e. the down payment, the taxes, or the agent's fees.
They correspond to the regular expenses inherent to the acquisition of a property, which must be paid annually or monthly for as long as you own a property.
Buying a property in Lisbon implies much more than just the down payment. There are also taxes, fees and other variable costs that depend on each buyer's situation and on whether they buy the house outright or with a mortgage.
First of all, you need to have a minimumamount of money available to cover the initial costs, i.e. the down payment, the taxes, or the agent's fees.
They correspond to the regular expenses inherent to the acquisition of a property, which must be paid annually or monthly for as long as you own a property.
Buying a property in Lisbon implies much more than just the down payment. There are also taxes, fees and other variable costs that depend on each buyer's situation and on whether they buy the house outright or with a mortgage.
* Total initial costs. Ongoing expenses have not been added, as they can vary according to multiple personal criteria.
* Total initial costs, reduced by 9.6% thanks to the negotiation skills of the experts. Current expenses have not been included, since they can vary according to multiple personal criteria.
The result: reduction of the total cost, with the accompaniment of a real estate specialist.
You can save more than $30,000 if you can negotiate a lower price. Negotiation can be done on your own or with the help of an expert, such as a Nomad Advisor. Strong market knowledge, thorough research and excellent negotiation skills are important to get the best purchase price.
