Normally buying freehold property in Italy is arranged in two stages:
Either directly or with the assistance of an agent
Property checks and searches
At this stage it will also be necessary to organize a survey, local land registry searches, and all necessary checks with the local authorities (Commune), as far as local planning and building regulations are concerned. This work is usually undertaken by a local surveyor (Geometra) and Public Notary (Notaio), which usually organised by Agency. If these searches reveal any problems regarding the sale of the property then the sale cannot be completed and you will get your deposit back in full. Usually these checks and searches take around
Checks carried out by Geometra:
— The property matches the Land Registry definition
— The property was not built without planning permission
— Any work done, have received approval and have had the relevant taxes
Checks carried out by
property, For example is the vendor has agreed to allow to someone to build or extend within the
minimum laid down by Italian law or has given a friend a right of way across the property
The last stage relates to the completion formalities which normally take place in the offices of a Local Notary. Notaries have a special duty of drafting the Purchase Deed and to ensure the proper execution, registration, and payment of all Italian taxes ancillary to the completion. Before this stage you will need to transfer balance to seller, or to own Italian account or to Agency’s account so funds are cleared BEFORE you are going to Notary.
IF YOU DON’T WANT TO COME SECOND TIME, YOU CAN LEAVE POA FOR OUR WORKER AND WE’LL SIGN THE PROPERTY IN YOUR NAME WHEN CHECKS ARE DONE AND FUNDS CLEARED.
The purchaser is liable to pay:
— Translator fees at the Notary — from FREE to around 150 Euros, depends on property
— The Geometra’s fees — around 150 Euros
— Help (if needed) in opening Italian Bank account and Obtaining Codice Fiscale — up to 200
- Estate Agency fees up to 6% of the market price of the property, depends on property
— Registration Tax. This is levied at 11% (from declared value of the property) for
ONLY AT OUR AGENCY YOU DO NOT PAY ANY OF THE CHARGES LISTED ABOVE. THE PRICE YOU SEE IN OUR LISTINGS IS THE PRICE YOU PAY. NO ADDITIONAL FEES OR CHARGES. GUARANTEED.
COSTS OF MAINTAINING YOUR PROPERTY
List of property for sale here