BRAZIL

Purchasing real estate in Brazil as a foreigner presents unique opportunities but requires careful navigation of local regulations and procedures.  Here are the key steps to ensure a safe and successful property purchase:​​By carefully following these steps and securing legal advice where needed, you can avoid pitfalls and successfully purchase property in Brazil.​

Decide on Legal Assistance: Depending on your familiarity with Brazil, you may choose to hire a lawyer, especially for large investments or complex transactions.

Obtain a Brazilian Tax ID (CPF): A CPF is essential for conducting most financial and legal transactions, including real estate purchases in Brazil.

Find the Ideal Property: Research areas that suit your needs and use Brazilian property search engines, some of which offer English listings.

Check Property Records: Verify the property's legal standing by obtaining an official copy of the property deed directly from the registry.

Make an Offer: Price research and negotiation are crucial. Be aware of cultural nuances in the process.

Draft Purchase & Sale Agreement: Ensure the agreement covers all terms and allows sufficient time for closing. Avoid pressure from realtors to rush into signing.

Prepare Documents for Acceptance: Documents must be sworn translated into Portuguese and possibly legalized via Apostille.

Obtain a Power of Attorney (POA): A public POA is necessary if you wish for a representative to handle the transaction on your behalf.

Provide a Downpayment: Downpayments typically range from 5% to 15%. Keep most of the funds until the closing to mitigate risk.

Obtain Certificates for Property and Seller: Get all required clearance certificates to verify the property's and seller's legal statuses.

Prepare for Closing: Organize all necessary documents and ensure that taxes and fees are paid ahead of time.

Pay Registration & Taxes: Be prepared to pay transfer taxes (ITBI) and other related fees, generally totaling 4% to 5% of the property's value.

Have the Public Deed of Sale Reviewed: A lawyer should review the deed to confirm the property's details and ensure there are no hidden liabilities.

Attend Closing, Pay Balance, and Record Deed: The closing will occur at a registry office, where the final payment is made, and the property title is officially transferred.

Record the Deed: After the closing, ensure the new deed is registered in your name. An official copy will be provided within a few days to weeks.

We can search, source, and provide the very best property options available for you before negotiating, securing and  moving you in.​

To find out more, contact us for further details.