Purchasing Process in Italy
Once you have found your ideal property, SuCasaBella is fully involved in the process taking care of the administration for you:
- Preliminary Contracts are drawn up which define the terms of the contract between the Buyer and the Seller.
- The Buyer makes their initial deposit into the estate agent’s holding account.
- The estate agent acts as guarantor and deposits the sum to the Seller.
- All necessary enquiries are made and documents are prepared for the signing and exchange of the Preliminary Contract.
- At the time of signature of the Contract a second deposit (caparra) is due to the Seller. The sum is usually 30% of the price of the property.
- The Buyer also pays a commission which will vary according to the price of the property and sometimes other factors. We always check this and make clients aware of the percentage applicable at the outset and before any commitment is entered into. The Preliminary Contract will then be registered with the local Revenue Agency (Agenzia della Entrate) and paid for by the Buyer.
- The final stage to complete the purchase is the Purchase Deed (Rogito) which is completed by the Notary Public (Notalo).
- In total you should allow up to 17% of the purchase price for taxes and charges.