A simple guide
to help you buying a House in Italy

Guide written by Lorenza Marinelli and promoted by
MCH through Houses for sale in Italy

The preliminary contract and the deed of sale

In Italy, all real estate transactions take place before a Notary Public. The Notary Public is not the same as a British solicitor. Here in Italy he must only guarantee that the deed is legal, that the house is in order and that the payment is made in a legal manner.

The transaction comes about in two stages: the preliminary sale contract and the actual Deed of Sale.

The preliminary stipulates the terms and conditions of the purchase.

The notary public will indicate the price, describe the property and outline the obligations for the purchasing party and selling party, as well as the date on which the definitive deed of sale will take place.
At the time of the preliminary, the purchasing party will normally pay a sum ranging from 10% to 20% of the sale price. According to art. 1385 of the Italian Civil Code, if the vendor decides not to sell the property after having signed the preliminary sale contract and collected the deposit, he must pay the purchasing party back twice the sum received. In Italy therefore it is highly unlikely that a vendor will contemplate paying back double the sum by changing his mind after the preliminary contract has been signed. Property sales in Italy in this sense, are much more secure than the sales made in the U.K!

The dilemma of whether to purchase as a first or second home…

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Guide written by Lorenza Marinelli and promoted by
MCH Marche Country Homes and Houses for sale in Italy