The remaining balance is paid, usually via a circular check or a bank transfer.
Once signed, the Notary registers the sale with the Land Registry, and you receive the keys. 5. Costs and Taxes to Budget For
Once you find a property, the formal process begins with a (Purchase Proposal). buying a home in italy
If the seller accepts, the offer becomes legally binding, and the deposit is held by the agent or notary. 3. The Preliminary Contract (Compromesso)
The Compromesso is the most critical stage. It is a detailed contract that outlines the price, completion date, and everything included in the sale. The remaining balance is paid, usually via a
Usually 3% to 4% (plus VAT) paid by both the buyer and the seller. Legal Fees: Usually 1% to 2%. 6. The "Hidden" Step: Due Diligence
Italy has strict laws regarding "Abusi Edilizi" (unauthorized building work). If a previous owner added a bathroom or a terrace without a permit, you could be liable for fines or forced to tear it down. Always have a verify that the floor plans at the Land Registry match the actual house. Costs and Taxes to Budget For Once you
This is your Italian tax code. You cannot sign any contracts or open a bank account without it. You can obtain this at any Italian Consulate in your home country or at the local Agenzia delle Entrate once you are in Italy.