How to Buy

Buying property, a smooth transaction, and costs.

A smooth transaction

Buying property in Brazil is actually a very clear and straightforward process, but there can be many pitfalls for the unaware. For this reason sk0-004 study guide we only work with reputable developers and lawyers to ensure a smooth, safe and efficient transaction. Below we set out information on buying process requirements and costs of property purchase

 Financing Mortgages in Brazilare very rare because of high interest rates and most property is bought by full cash payment. In the case of Off-plan property, payment can be spread over a period of up to 5 years. It is possible to obtain mortgages through international mortgage brokers.

CPF (social security number) This is required to buy real estate or open bank accounts in Brazil. We will be glad to assist you in obtaining your CPF.

Bank accounts
can be opened in Brazil on certain conditions and all major banks provide online banking services. We can introduce you to a Bank and help with the opening of an account for you here in Brazil. To open a bank account you need to have the RNE or a Brazilian Resident Visa, otherwise only a save account.

Lawyers We have for your legal advice a selection of lawyers specialized in real estate, taxes and immigration.

Closing Costs

MJS Imóveis commission charges depend on the services we provide. It’s paid by the seller.

Transfer tax varies between 2% and 3% depending on the location, this tax being levied on the declared purchase price.

Lawyers and Notary fees are charged for checking certificates and registers, that there are no debts owed on the property, for proofing contracts, advising on obligations and registration of the property in the new owner’s name. This cost varies between 0.2% and 2% of the property value, depending on the type of property. Quotes can be requested on your behalf.

Yearly Running Costs

ITPU property tax. Can be splited in 10 monthly or pay cash with 10% off.

General, tel, electric, gas, water rates, etc. are about 50% of what they are in Europe or in North America.

Condo fee
charges are between 300 and 1600 BRL per month, for upkeep, maintenance and security of houses in closed condominiums.

, for cleaning and cooking, between 350 to 800 BRL a month.

The above  costs are guidelines to help you plan sk0-004 your budget. When purchasing a property, costs can vary to those stated above depending on property type, size and investment .