Articles

Essential Guidelines To Follow When Planning To Purchase A Property In Italy

by Ameli Rowland Property consultants

Italy, the land of romance, is awaiting your presence. How about purchasing a house in this pristine country? You will enjoy your stay in the sweetest country with an amazing vibrancy to be felt in the environment. However, before purchasing a property in this part of the world, you need to have a clear idea about the real estate industry and how it operates in there.

 

Finding an apartment in the States may well be an easy affair than picking the property in Italy. Yes, you read that right! There are plenty of options available in Italy too. However, not all of these options may bring you the best of results. At the same time, there are numerous beautiful locations in Italy with breathtaking visuals. You may get confused when picking the correct place to have your property. To make your procedure easier, let me provide you with some essential tips. 

 

Understanding the working procedure of the real estate agents

 

While in Italy, you need to focus strongly on the working procedures of real estate agents if you are seriously planning to purchase a property. Remember, the working procedures followed by the agents in UK and US are much different when compared with the ones available in Italy. In this romantic country, the real estate agents may not guide you much in your search for Italian homes. Rather, they would be representing the seller. These agents would be charging a certain fee once you purchase a property. You are the one who will have to pay the fee once the negotiations and settlements are done for the property and the deal is being closed. However, the agent will definitely provide you much of assistance in carrying out the negotiation and documentation part with the seller. If you are from a different country and is unable to be present physically, you would prefer an agent who can serve you online and represent you in the purchasing process. The agent will be responsible for doing the negotiation, the settlement, and also opening a bank account and finalizing the contract and closing the deal.   

 

Checking the documents

 

Before purchasing a property, you need to ensure that the documentation part is well maintained. It is your utmost responsibility to make sure that the documents related to the property you are purchasing are legally binding. And that includes the deed too. The deed must be drafted and registered by a legal representative, most notably a notary public.

 

When planning to buy property Italy, it is a must for you, as a prospective buyer, to request all the copies of the documentation related to the property. It must include the documents of the present owner and the past ones, the deeds, the tax papers, and the floor plan that must be registered and totally up-to-date. Check whether the previous renovations are being registered on the floor plan or not. Unless you are careful, you may be held responsible at a later stage.

 

It is definitely an exciting thing to purchase your dream property in Italy. However, you must follow the rules and be slightly more careful before investing in real estate in this beautiful foreign land.  

 


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About Ameli Rowland Junior   Property consultants

0 connections, 0 recommendations, 12 honor points.
Joined APSense since, October 9th, 2017, From Perugia, Italy.

Created on Oct 9th 2017 00:45. Viewed 295 times.

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