Note: The forms referenced should be the US 1040 and in England the P-60, thank you. - Josh

Wife n' I definitely recommend Rafael. His group were very proactive and kept us updated through the process. His recommended realtor (Mariana) and lawyer (Emilia) have been rockstars. We bought the place for €8k below listing!!

@ExpatsEverywhere

Ай бұрын

Thanks for the feedback!! Great stuff. Congrats on the purchase. - Josh & Kalie

@RICARDOABECH

2 күн бұрын

Well, hard to say but Portuguese list prices are normally inflated 15 to 20%,not like USA or UK where list prices are much more firm and you can search history of prices in the area. Sometimes you may feel like you did a great deal where in reality, you overpaid.

There is no channel like this. Kalie and Josh address Portugal very practically, accurately and very applicable.

@ExpatsEverywhere

Ай бұрын

Thank you very much. We appreciate that support and vote of confidence. :-) - Josh & Kalie

Rafael is the best. He was a tremendous help and extremely professional in assisting us purchase our home in 2022. I would recommend him to everyone looking to finance a property in Portugal!

@ExpatsEverywhere

Ай бұрын

Thank you for the message. Glad to hear that worked for you. - Josh & Kalie

Raphael and his team are amazing! Cannot recommend them enough! Buying in Portugal isnt easy, but Raphael and his team were the easiest part of the process.

@rafaelfonsecaportugal

Ай бұрын

Thank you so much for your great comment! Count on us for everything. Rafael

@ExpatsEverywhere

Ай бұрын

Thanks for your vote of confidence in Rafael and his team! - Josh & Kalie

Rafael and his team are helping us right now during our property purchase. He is so informative and knowledgeable (and calms our nerves 😊) ! His team is very responsive and helps us to feel confident while we wait for the deed date.

@ExpatsEverywhere

Ай бұрын

Thanks for the feedback and comment! We also appreciate your public subscription. You're coming up on 8 months with us! - Josh & Kalie

I can attest to this for just going through the process here in Portugal as an American citizen. The pre-approval takes 2 days. The approval from the bank takes about two weeks. Then the bank must schedule an evaluation of the property. This bank will charge you for this valuation about €250. They will not go by any other valuation of the property by any other bank, even if one was done within the same month by another bank. This new valuation (appraisal) takes about two weeks to schedule and then another week until it is performed. When the valuation is finished, then you go to the bank to sign the loan documents which the bank will require you to open an account that has a monthly fee. A free account is not permitted. If this entire process bleeds into a new month, then the original fixed rate you were approved for, even if you signed the loan documents, the new month will change your rate based on the fluctuations in the market. This fixed rate you were approved for keeps changing each month until you sign the deed of the house. Only then is your rate locked in with the bank. This entire process that takes about 1 week in the USA, takes almost 2 months in Portugal. Why it’s so slow here, I have no idea.

@ExpatsEverywhere

Ай бұрын

True. :-) Same thing for us. - Josh & Kalie

@charmerci

Ай бұрын

Probably depends on where and when. I did it in January in a smaller town. Got everything done in 5 weeks and two of those weeks were 10 business days we had to wait to see the notario. It actually would have been a little quicker if I hadn't been out of town twice when the bank wanted me to sign/approve the proposal/offer!

@tamaramadelin4831

Ай бұрын

Closed in 30 days, but I think only because my husband is an EU citizen and has an EU pension...Bank loved that!!!

Fantastic video 👏👏👏👏👏👏👏👏👏 most informative and detailed video on buying property in Portugal that I have ever watched on KZread. This agent is on the ball and clearly competent 👍.

@ExpatsEverywhere

Ай бұрын

Thank you very much. We really liked the way this one came together. Thanks for the feedback. - Josh & Kalie

Kalie asked great questions! Excellent video! Thank you.

@ExpatsEverywhere

Ай бұрын

Thank you for the feedback, Sue! We appreciate it. :-) - Josh & Kalie

6% in Canada. Damnnn 3% is wild.

@ExpatsEverywhere

Ай бұрын

Yea, it is pretty wild. - Josh & Kalie

Thanks for asking great questions!

@ExpatsEverywhere

Ай бұрын

Thank you. Most of it was client and audience questions. We just post them together to fire at Rafael. - Josh & Kalie

Thank you 👏👏👏👏

@ExpatsEverywhere

Ай бұрын

Thanks for watching. - Josh & Kalie

Great video, thanks a lot!

@ExpatsEverywhere

Ай бұрын

Thank you. Thanks for watching. - Josh & Kalie

Great info, Kalie!

@ExpatsEverywhere

Ай бұрын

Thanks, Terri! - Josh & Kalie

Congratulations for the interview!Rafael is the best mortgage broker for foreigners in Portugal! I do recommend him.

@rafaelfonsecaportugal

Ай бұрын

Thank you !

@ExpatsEverywhere

Ай бұрын

Simply the best! :-) - Josh & Kalie

Another great tourist selfie.thanks!

Great information! Thanks for setting up this great conversation.

@ExpatsEverywhere

Ай бұрын

Our pleasure! Thanks for watching and commenting. - Josh & Kalie

Great information and, as ever, great interview. Thanks!

@ExpatsEverywhere

Ай бұрын

Glad you enjoyed it! Thanks for the comment, Seamus! - Josh & Kalie

Great informations! Rafael is the best!

@rafaelfonsecaportugal

Ай бұрын

Thank you Marcus !!!

@ExpatsEverywhere

Ай бұрын

Thanks for the comment, Marcus. - Josh & Kalie

Whooa nice explanation for a newcomer

@rafaelfonsecaportugal

Ай бұрын

Thank you !

@ExpatsEverywhere

Ай бұрын

Thank you. We're glad that you liked it. - Josh & Kalie

Wow great segment! Very informative. He answered many of my questions and highlighted the need for help navigating the Portuguese system when we decide on moving. It will be a big investment and there shouldn't be any need to make costly mistakes if there's help like this available.

@ExpatsEverywhere

Ай бұрын

Thanks for the comment, Larry! That's really nice feedback. We actually took common client questions and community questions to put this video together. Let us know if you'd like to be introduced to Rafael. - Josh & Kalie

Great info. It puts me back into my original idea of buying sooner rather than later even if we’ll be applying for visa later. We shouldn’t have a problem getting a mortgage-we own our house, our cars, have zero consumer debt, and have more than adequate income. Where is Rafael based? I’ll be back scouting for a couple weeks on my own mid-May, so maybe we could actually have a f2f.

@ExpatsEverywhere

Ай бұрын

Thank you, Gerald. We missed you last weekend. He's based in Aveiro, does most things remotely for clients but also travels for closings with clients from time to time and come to Porto often. - Josh & Kalie

@GeraldFigal

Ай бұрын

@@ExpatsEverywhere​​⁠Yeah, I intended to be on the call this month, but something came up. I’ll be in Porto a few days in May (14-16 I think). Maybe see you then!

@ExpatsEverywhere

Ай бұрын

Reach out via Patreon. - Josh

FIXED ALL THE WAY!!

@ExpatsEverywhere

Ай бұрын

ALL. THE. WAYYYY - Josh & Kalie

Great interview! We highly recommend working with Rafael and his team. He is a very knowledgeable and trustworthy mortgage broker. Everyone we worked with that he recommended were also very helpful.

@rafaelfonsecaportugal

Ай бұрын

Thank you Monique ! Happy Easter

@ExpatsEverywhere

Ай бұрын

Thanks, Monique! We appreciate the feedback. - Josh & Kalie

Rafael is great, but we found our mortgage and banker through BPI and now it's all wr deal with! Nuno rocks!!!

Another great video. Curious what homeowners insurance costs are there. I realize it varies but any resources to find quotes?

@ExpatsEverywhere

Ай бұрын

We got a variety of quotes from €200-500 (annual) depending on coverage amount. - Josh & Kalie

Love your channel. Thanks for your hard work! Got questions: Cash out 60% from purchased apartment value is possible in Portugal? It still needs life insurance? What’s is cashing out interest rate? Is the penalty for early repayment 2%? The loan amount is 40% of gross income? (US W2 wage )

@ExpatsEverywhere

Ай бұрын

Thanks for the love and recognition. All of those questions should be really straightforward for Rafael to answer. Email Kalie (info@expatseverywhere.com) and she'll get you connected ASAP. - Josh

We are currently preparing for a purchase in Portugal and we heard IVA is included in the list price on all listings? Is this true? If not, how do we know which ones are bundling the IVA into the list price?

@ExpatsEverywhere

Ай бұрын

IVA wouldn't be the tax you need to be concerned with. IMT, IMI and stamp duty are the ones that add up. - Josh & Kalie

Our mortgage rate is at 3%...My banker said interest is around 6 %...We got lucky and love Nuno at BPI!!

@tamaramadelin4831

Ай бұрын

My husband us an EU citizen so we were able to get a loan at 85%...could've been 90% depending on the valuation. Every broker we looked into could not beat our deal!

Please, I need your advice on a better country to move to. I have opportunities for moving to Romania and Italy to study. Romania has a very very cheap living cost, affordable tuition and jobs while Italy offers a lot of Scholarships. So I am confused where to go for better living even after study. Please help me. I am facing serious financial constraint

I'm also planning to buy a flat

@ExpatsEverywhere

Ай бұрын

Nice! - Josh & Kalie

Stop invading! In the middle of a housing crisis where most young portuguese people cannot buy or rent a house this shouldn't be allowed. We are already strangled enough!

I find it impossible to Listern to you as you shout like your scolding people! It’s like your telling off the guy like you have control issues

Non residents should not be allowed to purchase residencial houses in Portugal. Thats causing a major problem to portuguese and imigrants because the house prices speculation makes Impossible for them to find a place to rent or buy

@flaviamitkiewicz3125

Ай бұрын

The resident buyers accounted for 25 billion euros of the total transaction amount in 2023 and the foreign buyers accounted for 3 billion euros. The problem with prices is that Portugal does not promote the new construction and renovation of old properties that have been abandoned for decades. Source: Idealista.pt

@flaviamitkiewicz3125

Ай бұрын

The resident buyers accounted for 25 billion euros of the total transaction amount, and the foreign buyers accounted for 3 billion euros. The problem with prices is that Portugal does not promote the construction and renovation of old properties that have been abandoned for decades. Source: Idealista.pt

@shaiksalamzubedi2026

19 күн бұрын

Yeah yeah