A family legacy in Portugal: the story of Miguel and Maria

The sale of the family property in Portugal was carried out in a calm and peaceful manner. This story is deeply personal, as Miguel and Maria recently faced the loss of their father, who left behind an apartment in the Algarve. After careful consideration, both siblings decided that it was best to sell the inherited property.

To ensure a smooth process and maintain objectivity, Miguel and Maria chose to work with Properstar when selecting a real estate agent. This decision helped to minimize any potential tensions between them during the sale.

Miguel and Maria started by submitting an online estimate request for their father's apartment through our website. This allowed them to get an idea of the property's market value. Following their request, our team in Portugal reached out to assist them, and the siblings opted to proceed with the Sell With Properstar service.

Properstar selected a real estate agent for them, and the entire sales process was characterized by transparency and ease. Since Miguel and Maria were not in a rush to sell and preferred to avoid the administrative tasks associated with finding buyers and scheduling property viewings, our teams took care of the entire process. This resulted in a fluid and serene experience for both siblings.

Miguel and Maria were in no rush to sell their inherited property, allowing the agent ample time to find the best possible buyer.

The apartment, situated in Lagoa in the sought-after Algarve region, features two bedrooms, two bathrooms, and spans 95 m². Built in 2002, the apartment is in excellent condition, although it carries a slightly outdated aesthetic compared to more modern designs. Overall, it is a charming property.

When Miguel and Maria initially requested an online estimate, no agent had yet visited to assess the property. However, they had a general idea of the potential selling price.

The real estate agent selected by Properstar met with them, toured the apartment, and provided an estimate based on both the property's features and his understanding of the local real estate market and its current value.

A few days later, Properstar shared the agent's detailed report with Miguel and Maria. They were thrilled to find that the estimated value was slightly higher than they had anticipated.

The agent’s meticulous calculations and in-depth knowledge of the local market allowed for an accurate and efficient valuation. Shortly after, property viewings began, attracting several interested buyers, including one with a particularly strong profile.

The buyer Miguel and Maria ultimately chose was in a unique situation, needing to sell his own property before purchasing a new one. His offer was the most appealing to the siblings, so they decided to wait until he completed his sale. Additionally, the buyer had “reserved” the apartment by placing a 10% deposit.

In a fortunate turn of events, the buyer sold his property quickly, allowing Miguel and Maria’s apartment sale to finalize in just under two months. Ultimately, the apartment sold for around €175,000 — surpassing the siblings' expectations of €160,000.

This experience stands as another success for Properstar in Portugal: a seamless sale at an excellent price, facilitated by the right agent and partner!