Italian bureaucracy is often very complex, in order to avoid errors and omissions, it is important to have a thorough understanding of all the steps involved in buying a house in Italy.
The experience and the reliability of the team of Gardalive certainly knows how to guide and assist you during the entire process to realize your dream.
Request the Italian fiscal code is the first thing to do, it is essential in order to purchase a property in Italy and it is used to uniquely identify individuals residing on the Italian territory (you do not have to worry, we will arrange an appointment and accompany you to the office that issues the fiscal code).
Before concluding the purchase contract, we carry out a verification of the cadastral documents to control if the property is registered regularly, belongs to the seller, or if it is burdened with mortgages, foreclosures, seizures or other encumbrances whatsoever, to ensure a safe purchase!!
Represents the first written document of the negotiations for the sale, through which the buyer express the intention to buy the property under certain conditions.
The offer must contain the essential elements of the contract, including the price offered, the terms and conditions of payment; It should also include the period of validity within which, the purchase proposal, must be accepted by the seller.
The purchase proposal will become binding for the seller when signed for acceptance.
Once the seller signed for acceptance and the buyer is informed about the acceptance, the purchase proposal will be registered at the public office which will constitute the Preliminary Contract (or compromise).
The purchase proposal / preliminary contract indicates all the terms of the contract and, once signed, it binds the contracting
parties to comply with the positions taken.
In the purchase proposal / preliminary contract is required to pay by the promissory purchaser a confirmation deposit; that sum, at the time of signing the deed, will be deducted from the sale price agreed.
In the event that the seller intends to rescind the contract, the deposit shall be returned to the purchaser plus an amount equivalent to the deposit itself. The buyer may also exercise the right of withdrawal, at the expense of losing the entire amount previously paid as deposit.
The transfer of the ownership of the property from the seller to the buyer, takes place only with the conclusion of the notary deed, which is a public act established by a notary (public official who by law must be impartial and therefore protect the parties in equal measure) with the formalities required by the law; the choice of the notary is generally made by the buyer.
If the buyer does not know the Italian language, the notary deed will be drawn up in two languages, one in Italian and one in the native language of the buyer.
The costs incurred for the purchase of a property are paid directly to the notary, who is the figure that the State entrusts with the collection
of taxes. The expenses to be incurred vary according to the price of the property; once identified the house we will provide you with a written cost estimate and details of the costs that you will incur for the eventual purchase (VAT / registration taxes – notarial fees - real estate agency fee).
Opening a bank account: it is useful to have a bank account in Italy because it makes the payment process more streamlined and it will be necessary for the direct debit of utilities (again you do not have to worry, we will assess together the best bank for your needs and together we will open your bank account);
Shared expenses: if you buy an apartment in a condominium you will have to pay an amount for the maintenance which will vary depending on the square meters of the apartment and the services offered;
Luc (paid to the municipality): It includes the tax on the property, on waste and services the citizen benefits from; each municipality decides on the amount within parameters established by the Italian government. Also in this case, once identified the property, we will inform you on the annual amount. Which consists of Imu (you pay according to the Land Registry value), Tari: waste charges which is calculated on the square meters of the property and the number of residents) and the Tasi (you pay according to the Land Registry value and concerns all the services that the citizen benefits from).
Utilities: electricity, gas and water.
Mortgage: assisted by an agent in financial intermediation who will find the right financing for your needs with the best international banks;
Requirements to apply for a mortgage;
Maximum age of the applicant at the end of the mortgage 75 years;
Financing up to 60% loan to value;
Maximum loan term 20 years;
Maximum ratio between debt and income 30%;
International legal assistance;
Construction / renovation of the property making use of the expertise of technical offices and reliable construction companies;