Anyone purchasing their first residential property through financing under Brazils…

Overview

Anyone purchasing their first residential property through financing under Brazil's Housing Finance System (SFH) is entitled to a 50% discount on notary fees, a benefit structured by law since 1973, though still little known. The discount applies to properties valued up to R$ 1.5 million and covers the notary fees for deed and registration. These fees are calculated as a percentage of the property's total value, which can represent a substantial cost at the time of purchase. For higher-value properties, notary costs can easily exceed R$ 7,000. This discount, therefore, can mean real savings of several thousand reais for buyers. Seeking individualized legal guidance in real estate transactions can help identify costs that may be reduced or avoided altogether. A civil lawyer with experience in real estate can assist in reviewing documents, analyzing contracts and interest rates, and verifying applicable legal benefits, such as the discount on notary fees. This professional guidance reduces risks, ensures a safer transaction, and helps buyers take full advantage of their legal rights, many of which are often overlooked due to lack of awareness. Legal guidance can help clarify the applicable rules, the risks involved, and the next step that fits your situation.