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Usually buying process consists of the following steps: 1. You come to Italy and choose the property you like during the viewings. 2. When you have chosen property you like, you make offer, and, if it's accepted, you'll leave the deposit (bank transfer or cash (usually 10% of the price of the property) and go back to your country. These deposits are refundable only if seller refuses or can't sell the property. Then we organise Notary checks of the property you have chosen. 3. After checks passed we contact you and organise Notary signing date for you and seller (usually 1-3 month after you have paid deposit) 4. After date is set, we'll send you instructions where to send money balance prior to your visit for signing at the Notary. 5. When you'll come for signing at the Notary, we provide interpreter. You get keys during the signing and can move in to your property immediately. You'll receive the Deed after Notary registered your purchase in the Government's computer (usually around 20-30 days). 6. After you have moved in we can organise for you refurbishment works (if necessary) and paying your bills. Please note, if, after paying deposit you don't wish to come to Notary yourself, you can leave Power of Attorney to us and we can buy the property for you. We can only buy the property you have chosen, for the price you have chosen and only in your name.
Please keep in mind that upkeep of your property will cost you around 1,500 EUR per year plus costs of electricity and gas. In addition, your condominium might decide to do external works which are charged to you and usually happen once in 5-10 years.
You can choose the property on our website, pay deposit and give to us power of attorney. Then, after all check passed, you pay the balance and we can buy the property in your name.
In general it's impossible for non-Italian to obtain mortgage in Italy. But occasionally we have sellers finance options. We usually note this in our listings.
Your can rent out your property to friends and family. Rentals to holidaymakers must comply with local laws which is your responsibility, which require many specific certificates and CIN and CIR numbers. We can organise them for you for the price of 2,500-3,500 EUR.
As owner, you can decorate your property any way you like without seeking permission for most of the internal works. We have own team of decorators who can repaint walls, change kitchen, re-tile bathrooms etc. but you can do it yourself or hire someone else.
You can resell your property at anytime. Our commissions are 3% for this service. Please note: if you'll sell your property early than 5 years after the purchase, you'll pay 20% tax for any profit you have made.We you don't want to come to Italy for the sale, you can leave Power of Attorney and we can sell your property for you and send you the money. The cost for this service is only 150-250 EUR per person (depending which Notary does POA and costs of Apostille in your country)
You can include your property in your Will. We'll be happy to help to organise all documentation for your successors for a small fee.
As much as we want to, we cannot guarantee neither stability in the World nor World Peace. All Governments do change Laws, rules and obligations all the time, often without prior notice. We aim to provide correct information on our website, but cannot guarantee it since we rely on information provided by government bodies etc. which are run and managed by people who can make mistakes intentionally or not. We cannot be held responsible for other people's mistakes and errors. What we can guarantee is 100% refund of the money paid if seller can't sell the property.We also promise to provide help, assistance and advise (for free when we can, but some services are to be paid for) during your leasehold ownership - we'll do everything we can to make sure you are enjoying your property. Word of Advice: before buying any property, please make sure you can afford yearly maintenance charges without relying on rentals - Covid has taught us that! If you can't afford - DO NOT BUY! By using our service you understand and agree to all above mentioned.
Process of Buying/Selling Freehold (outright) Property
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See our FAQ page for answers to your other potential questions.
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