Property purchase: The three steps to buy property in Italy.

Understanding the process of buying property in Italy through an italian real estate agency.

Understanding the process of buying property in Italy through an italian real estate agency. Read more.

Habitable country house with land and olive grove, Molise.

Country house of 190 sqm, surrounded by 1 hectare of olive grove. Poggio Sannita, Molise, Italy.

Country house of 190 sqm, surrounded by 1 hectare of olive grove. Poggio Sannita. 70.000 €. View Property.

Restored 200 year old stone 132 sqm villa close to Palmoli, Italy.

Restored 200 year old stone 132 sqm villa surrounded by one hectare of land close to Palmoli, Abruzzo.

Beautiful restored old stone villa with one hectare of land, four bedrooms and four bathrooms. 185.000 €. View Property.

Beautiful villa with sea view. Montenero di Bisaccia. Molise.

Beautiful villa with breath-taking view of the Adriatic sea, Majella mountain and rolling hills. Molise, Italy.

Beautiful villa. 370 sqm of habitable space surrounded by 1.500 sqm garden. 350.000 €. View Property.

Abruzzo Lifestyle

Abruzzo Lifestyle keeps you informed about Abruzzo and Molise events and traditions.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Archives
    Archives Contains a list of blog posts that were created previously.

The three steps to property purchase in Italy

Posted by on in Succesful property purchase in Italy

 Once you’ve found a home you want to buy, the next step is to make an offer, usually through an estate agent. There are no restrictions on foreign ownership in Italy.

Offer:

When you find the right property in Italy you can place an offer. If the offer is accepted by the owner of the property, Abruzzo Rural Property will collect all the document related to the house.

The most important documents are:

  • Titles documents
  • Floor plans and land maps
  • Energy certification

There might be other documents required by the notary. We will provide to the notary all the documents he asks for. The notary will check all the documents, if everything is in order he will issue an estimate. The estimate will include: Notary fee, purchase taxes, registration taxes.

When the notary gives his approval, and issues an estimate the buyer can choose to have a technical survey. The survey is not a mandatory document, it is not required by the notary. Nevertheless, the buyer might want to have it to be sure about the state of house. A survey can be provided by any registered surveyor, architect or engineer.

Preliminary agreement:

At this point after the approval of the notary and after the satisfactory outcome of the survey if the buyer decides to have one done, Abruzzo Rural Property can proceed to write a preliminary agreement.

The preliminary agreement is a pre-purchase contract where we will state:

  • Terms and conditions of the purchase
  • Buyers and vendors’ data
  • Property cadastral data
  • Price of the property

The preliminary agreement must be registered at the Agenzia delle Entrate to be an official contract. If the preliminary agreement is not registered, it’s value is reduced to a mere agreement amongst two people. When the buyer and the vendor will both have signed the preliminary agreement, the buyer must send a deposit of the 10% of the final purchase price. The deposit can be sent directly to the owner of the house or to the real estate agency that is handling the sale.

Usually the completion’s time after the signing of the preliminary agreement is two or three months. It is possible to complete the sale in shorter time or longer time according to buyer’s and vendor’s need. The terms of the sale will be stated in the preliminary agreement and will have to be respected. The preliminary agreement can be signed from abroad and sent by email. But two original copies with original signatures will have to be posted to Abruzzo Rural Property that will take care of the registration process.

Final Signing - Deed of sale:

The final signing will take place at a notary office here in Italy. To sign the final deed the buyer will have to be present, or he will have to sign a power of attorney in favour of the real estate agent or any other people who can attend the signing.

On the day of the final signing the buyer must complete all the payments: to the owner of the house, to the notary and to the agency.

On the date of the final signing the buyer will receive the keys of the house and will become the new owner of it.

Tagged in: Purchasing process

This website uses cookies to allow us to see how the site is used. If you continue to use this site we will assume that you are happy with this. We will assume you are ok with this, but you can opt-out  if you wish.