The importance of buying in Italy through a licensed real estate.

The importance of buying property in Italy through a fully licensed real estate.

In Italy only fully licensed real estate agents can work in the real estate business.
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Habitable country house with land and olive grove, Molise.

Country house of 190 sqm, surrounded by 2.000 sqm of land with olive grove. Poggio Sannita, Molise, Italy.

Country house of 190 sqm, surrounded by 2.000 sqm of land. 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.

Life in Abruzzo. Events and Traditions.

This blog promotes life style in Abruzzo and Molise regions. Events, festivals, traditions and many others interesting, funny and useful tips about Abruzzo and Molise.

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Succesful property purchase in Italy

Testimonials of foreign buyers purchasing a property in Italy with Abruzzo Rural Property.

In Italy only fully licensed real estate agents can work in the real estate business. The license can be obtained after a 12 month formation course held by the local Chamber of Commerce. At the end of the course, two exams are to be taken there and only after passing these exams, will it be possible to apply for a license.

Passing real estate exam to get license

The license will only be granted to those with no criminal record and to those with an insurance to cover all work related to problems that might occur. For example, if a client were to fall whilst visiting a property, the insurance of the fully registered realtor might well cover the damages.

It is also very important to have full trust in a registered realtor for another reason: When there is a formal written offer and the buyer sends a deposit to the real estate agency or to the owner of the house, the realtor has to register the contract at the local tax office.

Registration is required by Italian law. Without it, buyers and sellers could incur in a fine and in the worst case, the buyer could lose his/her deposit and also the property. A purchase offer or a preliminary agreement not registered at the local tax office, is not an official document. It is just a piece of paper without any legal value.

The registration makes the contract official and public; Through this document the government knows that the property is going to be sold to the buyer and therefore the owner of the house will not be able to sell the property to anyone else, even if he were to receive a better offer. This is obviously a safeguard for the buyer. Only regularly registered real estate agents can guarantee the registration of a contract.

Federazione Italiana Mediatori Agenti d'Affari

Italian law is very strict on this matter and only registered realtors can show properties to potential buyers. A foreign buyer looking for property in Italy, might come across people who introduce themselves as licensed realtors but who are not actually registered at the Chamber of Commerce and therefore are not insured. This could be very risky. This type of “false” realtor usually deals with foreign buyers as, in many cases, foreigners are not familiar with the Italian law and are not aware that realtors need to have both a license and an insurance.

Today on the internet, there are numerous websites of real estate agencies selling properties in Italy, many of which are written only in English. Some of them are fake real estate agencies or fake realtors.

An Italian real estate agency’s website should show:

  • The license number  (Not the VAT number, the VAT number is a different thing).
  • The insurance number
  • The association to a business category
  • It should be written in Italian (not only in English)

If you are dealing with realtors who do not show their license, do not hesitate to ask them for credentials…. It is better to be safe than sorry.

Real estate license italy
Visite: 1245

Buying a house in Abruzzo

 We too would like to share our experience of, not only buying in Italy but also the very smooth process of buying through Abruzzo Rural Property and, in particular, our Agent, Monia.

My cousin and I have Italian blood running through our veins and so it was only natural that we both wanted to have our own little getaway in Italy if only to get back to our roots.

 We therefore started our search in early 2015 and saw 12 houses over two days before falling in love with our beautiful house in the small village of Tufillo with its breathtaking scenery and warm, welcoming people.

The “buying” process went so smoothly because we were in such safe hands with Monia. The way she just dealt with everything for us, from negotiating with the owners, signing the papers, meeting with the Notario, to handing over the keys and introducing us to our wonderful builders, in such a calm manner was just so helpful and we could not have done it without her. Everybody going through a similar process should have a “Monia” supporting them as you will not find anyone more efficient and professional than she is. She even took us to the bank to help us open up an Italian bank account – would we get that service from a property agent in the UK?  I don’t think so!

Anyway, nearly one year on and our house is almost complete so here are some photos below showing the house as it looked before, during the works and after:

Old and new facade
Old and new kitchen
Old and new second bedroom
Old and new master bedroom
Old and new bathroom
Visite: 1690

From Iceland to Abruzzo: Why I bought a house in Colledimezzo?

 Our real estate agent Monia asked us if she could blog about us and the house on the hill in the little fairy village of Colledimezzo.

Of course it is our pleasure to share with everyone our experience of how it is to have one foot in Italy and one in Iceland. In our opinion Abruzzo is "a slice of heaven", we just love it!

We love the wonderful villages and the breathtaking views, the friendly people and their healthy attitude to life. The fresh and tasty food, its absurdly good. The lovely clean beaches that are not to crowded plus of course that which is most important for us Icelanders the good weather.

The first word you learn in Italy is "con calma" or slow down, in the beginning that was very difficult for two over stressed Icelanders!

We probably looked like mental patients to the villagers when we run up and down all the infinitely many steps from the house up to the bar many times a day even during the hottest hours of the day when no one was outside, to check out our e-mail and facebook status (the only internet connection is at the bar). In between painting doors, windows, walls and of course all the endless cleaning.

It's a good thing that I can speak Italian so that our dear neighbors, could tell us often enough to calm down, for us to actually learn to relax more and enjoy the moment.

When we first started looking for a summer house in Italy, I was very negative to search for a house in Abruzzo, the only thing I wanted to view was Toscana and preferably Florence. I accepted to go to Central Italy and see the villages just to please my husband.

I am very glad that I did !!

The first time we came to Colledimezzo it was raging rain through the whole time. Monia showed us the house that was going to be our summer house.

I strongly disliked it, I told my husband I will never go back to this house! I just don’t like it... luckily he did not listened to me, and took lots of photographs for me to view when we got home. Needless to say I fell completely in love with the house and the village.

Here below some photos of the house before, during and after the restoration works:

BEFORE:


DURING WORKS:


AFTER THE WORKS:

Visite: 1954

Our house in Abruzzo

Every time I think about it, which might be several times in a day I feel a warm glow inside. We are still probably not sure how it happened but here is what we can make out about the decision to buy a house in Abruzzo, Italy. The first point is that we like to go on holiday. Being complicated about these things we like some beach, some ‘culture’ lots of tradition and easily found good food. Also we never felt that we had lots of extra money so ‘good value’ was often high on the list too.

We were lucky to be invited to Corsica to spend a couple of weeks with friends a few years ago. The following  year we returned to the same general area but Sardinia this time – our friends joined us again. Sardinia was lovely and with direct flights from East Midlands (our local) airport it seemed like a good place to return to. In the end we thought we might like to see Rome the next year, though with two school age children we probably needed beach time too. So that time we flew to Rome, spent a couple of days there and then drove across the ‘boot’ to Abruzzo. We stayed in a small beach town in Chieti and it worked very well for us. We drove to Lanciano some evenings and enjoyed the summer festivals. The following year it seemed logical to return to the same spot, because we knew our way around a bit - and that is when the idea really took hold.

b2ap3_thumbnail_Tufillo.jpg

Both busy with full time jobs and active boys a holiday was often part adventure, trying new places and restaurants and part relaxation. Sometimes we thought, it would be nice to just do the relaxation and save the adventure for other occasions. Having looked at property in Italy Abruzzo seemed like an extremely good deal. As we dreamed and contacted estate agents online we were impressed at how promptly Monia at Abruzzo Rural Property would answer our enquiries, with plain and simple answers. This went on for a while and we were unable to find the limit of her patience with our speculative enquiries. Some things changed in our lives and it became evident that if we were to stop dreaming and become serious then we might be able to afford something small, even if it was a tiny shack in the middle of a small olive grove.

Lentella

So then we began to be serious. We informed Monia that we would fly out to view some properties and the story began. We flew out last winter and spent two days with Monia and her outstanding English language skills, viewing properties. As patient as her emails, she took us to see all the places we had listed - spotted around different towns and villages in Chieti province. The second day of viewings was bright and sunny and that is when we saw ‘our house’.

A stone house with a dozen olive trees, in a small hilltop village. The view from the back of the house is jaw dropping yet serene, everything else is all we wanted and more. All four of us decided then and there that this one was it. Monia then spent the next few weeks helping us to negotiate a price, get all our paperwork organised, a bank account, a notary, a geometra and probably a hundred other vital things we didn’t even properly realise. Then on a balmy July evening this summer the deed was finalised in the notary’s office with the seller and her (it seemed) entire extended family present. It was a complicated contract where many of the family members had claims to bits of the land and house. The assembly of all the various people was a mammoth task to get right for the day and we didn’t have to lift a finger. The entire process could not have been smoother and Monia was astounding in her ability to get things done, yet always allow us to take our time with decisions and to clarify each part of the process until we were sure.

So now we are having some adjustments done to the house to make it fully ours and still Monia is by our side, helping to smooth the process and compensate for our lack of Italian language skills. Without Monia we would never have felt confident in buying in Italy. It was totally painless – in fact I think I can say it was really fun. Now we have a place to go to relax. We won’t get out there as much as we’d like - but in between we can always travel there in our imaginations.

Visite: 2727

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