solicitor needed for no money down deals in algarve, help !

[wilson.p]

Hi,

I have a number of properties i have sold which the developer has given 40% discount off of, my solicitor had said he could use this discount to cover my clients buying costs, now though it seems he cant tell me how ! does anyone know of a good solicitor who can structure these sales for me, many thanks

 

[Barlavento]

We have the ability

We have been involved in selling a luxury resort where there was a discount available of up to 30% and the solicitor we used was able to ensure that all the costs involved were covered and even a 2 year rental guarantee was offered at 5% per year. It can and does work.

 

[wilson.p]

Dear Mr. Wilson,

if you still need legal assistance in the Algarve, please contact me by private message, and i will introduce you our services.

Kind Regards

hi please contact me on uk *********

 

[Red Sun Consulting]

This is now extremely difficult in Portugal. Lenders have decided that their lendings are better protected when a buyer has "skin in the game" - in other words, when the buyer has money in the deal. As a result, most lenders now restrict maximum lending to 100% of "escritura" price - the actual sale price, regardless of value. Others use the logic that, if a vendor is prepared to sell at a certain price, then that is the valuation - this doesn't quite stack up as it ignores the fact that some vendors will sell below genuine valuation simply to create cash-flow.

Either way, the day of the "cashless" deal is almost certainly gone.

Better to opt for a decent discount, a reasonable mortgage and an affordable deposit.

 

[lena green]

Discount, definition of..............a hiking up of price from genuine build price to an artificially high price to lower it to attract an idiot.

Best policy, buy land, engage architect/engineer, get quotes for labour only and thereby avoid paying hard earned cash for something you can do yourself. 100 a day is about right but you can get as low as 50 as we have 10% unemployment.

 

[Leverage]

Hi,

I have a number of properties i have sold which the developer has given 40% discount off of, my solicitor had said he could use this discount to cover my clients buying costs, now though it seems he cant tell me how ! does anyone know of a good solicitor who can structure these sales for me, many thanks

Can you please send me private message for that?

 

[Lysos]

The original post was 10 months ago; the market moves on.