The Three Stages to buy a property in Italy

1. Offer

   This is an agreement that an agent may ask you to sign on making an offer. It confirms the details of the offer and the commission to be paid. A small deposit may be requested at this time. This is usually a binding contract if also signed by the seller.

2. Preliminary Agreement

   This is the standard agreement that is signed by both parties on acceptance of an offer. Upon signing, a pre-disclosed amount of monies is paid to the seller. This is typically 10% of the purchase price. The document is legally binding, setting out the terms of the sale, including a date of completion for the purchase. If the buyers withdraw they forfeit their deposit. Should the vendors withdraw they would have to repay double this amount.

3. Deed

   This is the formal sale and purchase completion process. This is the final stage and takes place before a notary with both parties present. Abruzzo Rural Property will put you in touch with an English speaking notary, to allow you to ask all the necessary legal information related to purchase. The notary is indispensable for the conclusion of the purchase. The notary ensures all the necessary documentation is complete and accurate. As well as paying for the property the taxes due on the purchase are paid by the buyer at this point.

For further information, read our more detailed guidance of property purchase in Italy.