STAGE
1OPOSTA DI
ACQUISTO – (OFFER TO PURCHASE)
Having identified the property
you wish to purchase and agreed the price you
wish to offer with us, the Agency, you will be
required to sign a PROPOSTA DI A'CQUISTO
(Proposal to purchase). This is a reservation
agreement, normally valid for a few weeks. We,
the Agency, then ask the Vendor to agree the
price formally and countersign the Proposal. A
small deposit is required at this stage (approx €1,000 to €2,000), and this is held on your
behalf by the Agency in order to take the
property off the market.
STAGE
2 COMPROMESSO – (PRELIMINARY CONTRACT)
Once your offer has been
accepted by the Vendor, then both parties can
sign the COMPROMESSO ( Preliminary Contract),
which is a legally binding agreement, whereby
both parties have the mutual obligation to
complete the purchase. At this point the Buyer
must pay a deposit ( ranging from 10% to 20% of
the sale price) to the Vendor. Once the deposit
for the Preliminary Contract has been handed
over, it is not refundable. For example, if the
Buyer withdraws he will lose his deposit.
In the process of drawing up the
Preliminary Contract, the buyer(s) will require
a tax code, which in Italy is a tax
identification number ( Codice Fiscale ). In the
Preliminary Contract the following documents are
included:
-
Plan of the house
-
Habitable Condition
- Planning Permissions
PLEASE NOTE THAT IN PRACTICE THE
ABOVE STAGE IS OFTEN SKIPPED IN FAVOUR OF A
DIRECT PROCESS TO STAGE 3 to avoid unnecessary
expense and time.
STAGE
3
ROGITO – (TITLE)
The final step is the execution
of the ROGITO ( Title Deed ). This contract has
to be signed in the presence of a public Notaio
(Notary ). The Notary is an independent and
impartial officer who performs the vital task of
registering the sale in the Land Register. This
act publicly records the transfer of the
ownership to the buyer. The Notary also ensures
that the sale is executed correctly by running
local searches in the Land Register, checking
planning permission, investigating the vendor's
legal title, and checking that no other mortgage
or charge exists over the property. At this
stage the buyer pays to the Notary the balance
of the price for purchasing the
property, the Notary fees (usually ranging
between 2.5% to 3% of the property value), and
the taxes payable (10% for a second home, or 4%
if primary residence). The buyer's
commission of 3% must also be paid to the Agency
at this stage. Translation of the deed, which is
required by law, is included in the fee.
OUR SERVICES.
Here are some of the services
offered by APREMONT OVERSEAS :
-
We will meet you at the airport, at your
hotel ,or our office
-
Assistance with opening an Italian Bank
Account
-
Assistance with Italian mortgage
lenders
-
Assistance with acquiring a tax
identification number ( Codice Fiscale )
-
Assisting clients in re-selling the property
-
Translation of the Deed, or providing a
translator at the execution of the
Deed, at cost price.
-
APREMONT OVERSEAS will support you throughout
the entire buying process, and answer any
questions you may have, and will continue to be
your first point of contact until you are in
your new property.
EXTRA SERVICES – APREMONT
OVERSEAS also offers the following services for
which there are pre-agreed charges:
-
Introduction to and assistance with the
formulation of estimates from
builders,electricians, plumbers, carpenters and
other relevant tradesmen.
-
Introduction to and assistance in discussions
with local suppliers of bathroom, kitchen and
other equipment, including tiles, appliances,
furniture etc.
THE PRICES QUOTED BY APREMONT
OVERSEAS FOR ALL PROPERTIES FOR SALE IN SARDINIA
ARE SUBJECT TO a 3% BUYERS COMMISSION
unless stated otherwise.
STAGE 1. OFFER TO PURCHASE Once
the client has found the property he wishes to
purchase, he makes an official offer to purchase
(reservation agreement). Normally, this offer is
valid for a few weeks and involves the payment
of a small deposit to the estate agent.
STAGE 2.
PRELIMINARY CONTRACT (Compromesso) Once the
offer has been accepted by the vendor, then both
can sign the PRELIMINARY CONTRACT, which is a
legally binding agreement and both parties have
the mutual obligation to complete the purchase.
At this point the buyer must pay a deposit (
ranging from 10% to 30% of the sale price). Once
the deposit for the preliminary contract has
been handed over, it is not refundable. For
example, if the buyer withdraws he will lose his
deposit. In the process of drawing up the
preliminary contract, the buyer will require a
tax code, which in Italy is a tax identification
number (Codice Fiscale). In the Preliminary
Contract the following documents are included: *
The housing project * Plan of the house * Full
description of the property as stated in
the Land Registry Office * Habitable Condition *
Planning Permission
STAGE 3. TITLE DEED (Rogito) The final step is the execution of the Title
Deed. This contract has to be signed in
the presence of a public Notary (NOTAIO). The
Notary is an independent and impartial officer
who performs the vital task of registering the
sale in the Land Register. This act publicly
records the transfer of the ownership to the
buyer. The Notary also ensures that the sale is
executed correctly by running local searches in
the Land Register, checking planning permission,
investigating the vendor's legal title, and
checking that no other mortgage or charge exists
over the property. At this stage the buyer pays
to the Notary the balance of the price for
purchasing the property, the Notary fees
(usually ranging between 2.5% to 3% of the
property value), and the taxes payable (10% for
a second home, or 4% if primary
residence). The buyer's commission of 3%
must also be paid to the agency at this stage.
Translation of the deed, which is required by
law, is included. OUR SERVICES. * Our colleagues
will receive clients in Sardinia * Our
colleagues will meet you at the airport, or at
your hotel * Assistance for opening an Italian
Bank Account * Assistance with Italian mortgage
lenders * Assistance with acquiring a tax
identification number ( Codice Fiscale) *
Assistance for letting your property * Assisting
clients in re-selling the property * Translation
of the Deed, or providing a translator at the
execution of the Deed. Our colleagues in
Sardinia will support you throughout the entire
process, and answer any questions you may have,
and will continue to be your first point of
contact until you are in your new property.
THE PRICES QUOTED BY APREMONT
OVERSEAS FOR ALL PROPERTIES FOR SALE IN SARDINIA ARE
SUBJECT TO a 3% BUYERS COMMISSION unless
stated otherwise. |