Purchasing or owning a house is the dream of almost everyone. Apart from saving one from the monthly rent, this peace comes with knowing the property you reside in belongs to you. You don’t have to take permission to carry out certain renovations or decorations in the apartment as you are sure it belongs to you.
However, it is one thing to purchase a house, but getting it in a comfortable, secured and lively location is another ball game. When it comes to investing in real estate, Italy appears to be one of the most sought-after locations. This is because of its welcoming culture, clean environment, luxurious resorts as well as developed infrastructure.
One can get access to varieties of homes to choose from with varieties of architectural styles. Whether as a native or foreigner, getting a house in Italy shouldn’t be a herculean task. This is why we will be showing you the guidelines for purchasing a home in Italy.
Blueprint to Getting a House in Italy
You must have gone through different resources online in your quest to get a home in Italy. You might even be confused about whether to approach a lawyer, notary, or realtor first before going ahead with your purchase. However, one important thing to note about Italian properties is that each property has its unique features and history. As such getting a house should be dependent on what the buyer wants.
After having an idea of the kind of property you want to purchase, the next step is to seek the service of a realtor. The realtor should be licensed by the real estate law in Italy, and should also be conversant with the process involving getting a property in Italy. After finding the house you would love to purchase, the next step is to seal the purchase deal. This step requires the service of a notary, who is a lawyer who specialises in public deeds. One cannot purchase a house in Italy without the service of a notary.
The realtor has to negotiate and agree on the price of the property with the seller. After the price has been agreed on, the seller will provide the notary with the necessary documents of the house. Initially, the realtor should have ensured most of the houses listed has the right documents. After the notary has received the necessary documents, he will then make an estimate of his fees and purchase taxes which will be paid by the buyer. However, before then the buyer must have signed a purchase proposal or a preliminary contract to show their readiness to make the purchase.
It is after the preliminary agreement has been signed and a deposit has been made that the notary will proceed to write the final deed. This is the final step in the purchase process, and it is usually signed in the notary office.
Although it appears the process involved in getting a house in Italy is cumbersome if you follow the above-explained guidelines the burden will be reduced. One should also ensure they engage the services of only licensed and professional realtors and notaries. Finally, it is advisable to consider your budget before thinking of purchasing any house. You can work hand in hand with your realtor in this regard.