BUYING PROCESS in SARDINIA ITALY

The APREMONT service.

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 (ROGITO). 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.