How to buy a house in Italy
Cities
How to buy a house in Italy: Step-by-step guide to buying real estate
Buying a house is an important moment in a person's life and, in Italy, the process can be complex. In this article, we will examine all stages of buying a property in Italy, from the search for the perfect home to the notarial deed.
1. Searching for the ideal home
The first step in buying a home in Italy is to search for the property best suited to one's needs. You can carry out an independent search using online property advertisements, specialised magazines and local newspapers, or you can rely on a real estate agency that offers advice and support in selecting the most suitable home.
2. Property visits and offer
After having identified a home of interest, one proceeds to visit the property. In case of interest, an offer to purchase may be made to the seller, which may be verbal or written. The offer should include the proposed price, any conditions and terms of the purchase and a deadline for acceptance.
3. Irrevocable offer to purchase
If the offer is accepted by the seller, the irrevocable offer to purchase is signed. This document, drawn up by the real estate agency or notary, sets out the terms of the agreement between buyer and seller and includes the payment of a security deposit (usually 5-10% of the purchase price) as a guarantee of the buyer's commitment.
If the offer is accepted by the seller, the irrevocable offer to purchase is signed. This document, drawn up by the real estate agency or notary, sets out the terms of the agreement between buyer and seller and includes the payment of a security deposit (usually 5-10% of the purchase price) as a guarantee of the buyer's commitment.
4. Preliminary contract of sale
The preliminary purchase agreement is a preliminary contract that commits both parties to conclude the purchase within an agreed term. The agreement contains all the details of the property, the conditions of the purchase and the agreed price. At this stage, the buyer pays an additional guarantee deposit, usually 20-30% of the purchase price.
5. Legal and technical checks
After the signing of the preliminary agreement, the buyer must carry out a series of legal and technical checks on the property. These verifications include checking urban planning, cadastral and mortgage regularity, ascertaining the absence of restrictions and verifying energy certifications. It is essential to rely on a notary and a specialist to ensure that everything is in order.
After the signing of the preliminary agreement, the buyer must carry out a series of legal and technical checks on the property. These verifications include checking urban planning, cadastral and mortgage regularity, ascertaining the absence of restrictions and verifying energy certifications. It is essential to rely on a notary and a specialist to ensure that everything is in order.
6. Loan application (if necessary)
If the buyer needs a mortgage for the purchase of the property, it is important to start the application with the bank or credit institution of choice. The bank will make an assessment of the property and the buyer's economic situation before granting the loan.
7. Notarial deed
The last step in buying a home in Italy is the signing of the notarial deed. This document, drawn up by the notary, formalises the transfer of ownership from the seller to the buyer and is registered with the competent land registry offices. When signing the deed, the purchaser pays the balance of the purchase price and pays the taxes and notary fees.
In conclusion, buying a home in Italy can be a complex and bureaucratic process. However, by following the steps described in this article and relying on experienced professionals, you can successfully conclude the purchase of your property.
In conclusion, buying a home in Italy can be a complex and bureaucratic process. In order to facilitate and guarantee a positive buying and selling experience, we recommend approaching an experienced and reliable real estate agency such as Maior Capital. Thanks to their expertise and knowledge of the Italian real estate market, Maior Capital can assist you at all stages of the purchase and sale process, from the search for the ideal property to the signing of the notarial deed. By relying on Maior Capital, you can be sure that you will be guided and supported by professionals in the sector every step of the way towards the home of your dreams
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