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The Buying process

We ensure all our clients receive clear information whilst considering and purchasing a property,  

taking you through each stage of the purchase step-by-step, to the completion of the final contract.

 

If you find a property you like?

 We shall clarify the entire process and make sure you understand all the legal procedures and costs.

In Italy, the selling and purchasing of properties are carried out by a Notary public,

who will carry out searches on the property and will check it is free from any mortgages or debts.

 

All clients must feel protected from any possible risks, therefore we advise you to consult a qualified

professional, such as a Geometer, Architect or lawyer,  prior to the purchase, to verify all the

documentation, especially if the property includes land. We can recommend reliable professionals.

 

 
 

Compromesso

The initial stage is the drawing up of a legal contract,

the compromesso, in which either party promises to buy or to sell.

A deposit will need to be put down at the time of making the compromesso.

 

The compromesso protects both parties, if the vendor pulls out of the sale, he will have to pay to the buyer

double the deposit amount and, if the buyer to pulls out, then he will then lose the deposit already paid.

The percentage of this deposit can vary and is generally agreed between both parties, however 15% to 30%

is generally an acceptable amount to put down at the compromesso stage..

 

At this stage our fees are also paid.

 

 
 

What does the Compromesso show?

  • - the agreed sale price

  • - the amount paid as the deposit

  • - any schedule for payment of the balance

  • - the agreed completion date

  • - anything else included will be listed, such as a tractor, that you have agreed to purchase

  • - copy of a land map and full details of the property and boundaries 

  • - any other clauses, relevant terms and conditions.

 
 

Final contract / Deed 

Completion of the contract takes place, on the agreed date, in front of the Notary Public, with both

parties -Vendor and Buyer- signing the Deed. We shall accompany clients through all of the buying stages

being present at all times, offering attentive assistance and explaining what is happening throughout.

 

The balance of the purchase price is paid to the Vendor and also the Notary Public's fees are paid,

plus any Government taxes that are due.

 

 
 

Role of the Notary

The safety and guarantees on the property which is being bought is  given by the Notary, who is - under

Italian law as for all countries which are governed by civil law, the legal professional by excellence 

– whilst for countries with common law systems, the legal professional by excellence is the lawyer.


In Britain, at the time of drawing up a contract, the parties are assisted by their lawyer. 

The Notary on the other hand, within the context of civil law, maintains a third party position of neutrality and has 

the added capacity to confer legal status to transactions done in his presence, not the case for the British solicitor.


The notary is obliged to check the legality and validity of the transaction he is asked to oversee, ascertain

the intention of the parties involved and give it the correct legal form. The accuracy with which the

Notary undertakes his role is assured by his professional status and in the case of any violation, 

he is subject to civil responsibilities and disciplinary sanctions. Consequently the Notary,

 as the British solicitor, must have a vast legal background, ascertained though rigorous selection.

 

If you have any questions then please email us.

Email: marchedream@gmail.com

 

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Tel: +39 0734 633391  Cell:+39 335 5420569  e-mail: marchedream@gmail.com

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