All real estate agents should carry out their own Due Diligence process before marketing their properties. This standard is extremely important when it comes to new buildings, urbanisations or developments.
Due diligence is a process of investigating and auditing information about properties before they become "VAP Real Estate properties". This method aims to ensure that everything promised during marketing is actually delivered upon purchase. All financial, accounting and fiscal aspects of the property must be analysed during the process. The technical knowledge and ethical behaviour of the VAP Real Estate team, with a guarantee of impartiality and confidentiality, are essential to the successful purchase of your property in the Algarve.
It is therefore our sole responsibility to ensure that all the information provided about the property is reliable.
But how is this done? We'll explain.
VAP Real Estate has the support of legal professionals who, in partnership with our agents, will check the following aspects of the property:
The result of the Due Diligence process is usually a report that indicates the general situation of the object of the transaction, in which its values are confirmed and its contingencies identified. This report will be one of the key elements in drawing up the definitive legal instruments for finalising the transaction, as well as helping to establish the negotiated values.
Our Marketing team will never promote a property, project or plot of land until it has been verified that all of the aforementioned items comply with the law in force. Therefore, we will only promote a property when we are in compliance with the overall concept and property values required.
All of our agents carry out this type of detailed audit, and it is therefore a normal working procedure for us. VAP Real Estate prides itself on having highly qualified professionals who are knowledgeable about the law, and on our partnership with experienced local and national lawyers. We therefore want to ensure that your investment in Portugal is safe, compliant with current laws and free from any problems!
Let us help you find your dream property in Portugal.
If you need more information, do not hesitate to contact us.
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