Buying in Abruzzo
Submitted by Pacentro08 on Mon, 11/08/2010 - 19:47In reply to A newbie all over again! by Annec
I can't comment on your experience, I'm afraid, but I can say that my own purchase was fairly straightforward, so don't despair. There is another forum that is only about Abruzzo and people there may have some advice to offer. Not sure if I'm allowed to mention it, but I guess you could easily find it through a search engine. Welcome to the Forum and good luck with the house hunting.
Not your problem
Submitted by Annec on Tue, 11/09/2010 - 07:13In reply to A newbie all over again! by Annec
Unless you are absolutely fixated on the house in question I'd say don't give it any more thought. It's not your problem and you shouldn't get dragged in to any argument I agree that you should check out the Abruzzo forums. I don't know the ins and outs of different types of agenst, though I would probably advise using a well-established local Italian agency if possible. Apart from anything else they will have all the local contacts you will need to eg open bank accounts etc. There's no doubt that buying abroad is a scary process. I don't know if you're planning on buying house for restoration, but if so, that roller coaster ride has its fair share of terrifying moments!
Property agents/buying in Abruzzo
Submitted by atessa on Tue, 11/09/2010 - 09:08In reply to A newbie all over again! by Annec
Hello Kimrls,am also new to this forum and have just bought in Abruzzo near Atessa in June this year.We spent a five day visit last year looking around with four agents and found similar problems/houses with agents at various prices!We then gathered more information on our return home for a visit this year.The agent we eventually used had previously worked with an agent we visited last year.He had set up his own agency which he registered because he was not happy before.Look for registered agents and ask for proof.Dont enter into there problems,do what is best for you.You can talk more openly on the private messages which is shown on the right of the site,to me or anyone on this site.(just found how to use it myself)With the right people you will find that all will run smoothly.All the best Atessa.
Many thanks
Submitted by kimrls on Tue, 11/09/2010 - 11:05In reply to A newbie all over again! by Annec
Thankyou for your comments so far, today I have spoken to the solicitor I spoke about and have found out a lot of information regarding Estate agents in Italy not just Abruzzo, this problem is a widespread one and has opened my eyes to what is right and wrong, I suppose the answer is simple ask if they are estate agents and ask for their registration details, apparently most of the property finder businesses are not even registered as businesses which I find a little strange and worrying, I have been told that they should advertise their IVA numbers (like our VAT) and registration numbers even on their websites. I suppose I just need to be a little more careful, I am scouring the web trying to find out more information and hope to return to Abruzzo soon, but this time more prepared. I am really sad about the house we found as we both really liked it but I suppose there will be more. I will try and find the other forums thanks for the tip.
estate agents
Submitted by Ram on Tue, 11/09/2010 - 12:00In reply to A newbie all over again! by Annec
It sounds as if you have been drawn into what is, unfortunately, a typical state of affairs. I am an estate agent - legal and official, and spend my life dealing with the 'abusivi' or unlicenced agents. if I can Ill clear up a few things for you. 1 - If an agent is not registered as such, (such as your company 3) it is illegal for them to ask for commission, so you have no obligation to pay them anything. They also, it seems have no mandate for the property. You dont say if company 4 had an exclusive contract with the seller - if so, then it is up to company 4 to take action. You are under no obligation to do anything. 2. property finders are not estate agents - it does not exist as a profession in Italy. Foreign property finders get round this by not charging commission, but a fee that is the same ie 3% or somesuch. They cant do this. You will also find that alot of the British based property companies are registered at Companies House, but dont declare an income in Britain, and dont exist in Italy so all the money ends up being cash in hand in euros and not declared to anyone. The only loser here is the client, who has no protection in law. 3. You are right - a registered agent should display his IVA number and number of registration on the front page of his website. However, an IVA number is no proof of his being an agent. A plumber will have an IVA number, so there is nothing to stop him putting his IVA number on his site and selling houses on the side. Your safest bet is to check that an agent is registered, and preferably an associate of one of the professional organisations: FIAIP, FIMAA or ANAMA - though only FIAIP is for estate agents only. You were being dragged into a war between a registered agent and an illegal one - I am in court myself with an abusivo at the moment, but if you dont want to get involved you dont have to be. On the other hand, there will be no fall out for you. Most 'property finders' add a hefty bit onto teh asking price in order to get their fee. A registered agent will have the mandate - he knows who the seller is and how much is really being asked. Everyone else is jsut trying it on. Dont let it sour your dream - but go in with your eyes open. If you send me a personal message Ill send you a copy of my book which explains all the pitfalls of buying in Italy....
It is good to hear
Submitted by kimrls on Tue, 11/09/2010 - 13:24In reply to A newbie all over again! by Annec
It is good to hear that what you are saying is pretty much what the solicitor and the 4th agent said, I now feel a little guilty I asked them not to contact me for a while as I can see why they would be upset, to be fair they were very good and said pretty much what you have said so at least there appears to be good amongst the bad. The problem I feel is that many people can be put off including my wife because we are not talking small amounts of money, we have worked and are working very hard to make this happen and I guess it could be easy to run into serious problems and risk some of that money, another problem for me is that the websites of these people are all over and are very convincing, not only this I have found many of them advertising on some of the sites linked to this website including the one I have had a problem with !! I know they are not to know who is legal and who is not but we need to be protected against things like this and if more people know what to look for hopefully they will go away. If someone is reading this from Italy mag and other Italy magazines I would suggest they look closely at who advertisers as now I am looking into this problem I am finding it on every corner. Ram do you work in Abruzzo ?
HELLO AND WELCOME
Submitted by Gala Placidia on Tue, 11/09/2010 - 16:06In reply to A newbie all over again! by Annec
Hello and welcome to our Community. I feel sad to hear all the problems you have had. Our own experience, buying a property in Tuscany, was a positive one; however, we know that there are quite a few problems with some agents. I don't think that this affects Italy only. You find the same type of traps wherever foreign buyers are involved. All what I can say is, that if you really want to move to Italy, this problem should not affect you. Keep on looking for what you want.
I think Ram consistently
Submitted by Capo Boi on Tue, 11/09/2010 - 16:44In reply to A newbie all over again! by Annec
I think Ram consistently offers the best advice on this forum. In my opinion, always seek out only registered local legal agents. This goes for whatever region of Italy that you are thinking of buying in. Perhaps someone will be able to explain to me what a UK property middleman can actually add to the buying process? True story. I did a major international property exhibition in London a few years back. Purely in the capacity of helping out a friend (naturally for free...he's my friend) who as a registered agent was marketing his company and his properties. I think we were maybe approached by about ten different UK based Italian property finders all saying or implying "can we have your properties to market. We can market at a different (higher?) price into the UK and share commission or split gains". Needless to say, we declined every offer.
In reply to A newbie all over again! by Annec
In reply to A newbie all over again! by Annec
No, sorry Im in Sicily. If you go to the FIAIP site at www.fiaip.it you can find a list of all FIAIPagents , or look on www.cercacasa.it which is the listings site reserved for FIAIP members. OR drop me a line and Ill do what I can -
Please don't fall in love
Submitted by TheItalianLife on Wed, 11/10/2010 - 05:39In reply to A newbie all over again! by Annec
Please don't fall in love with a house! There are lots of houses out there and not so many buyers. You hold all the cards until you fall in love and then you hold hardly any. In my experience as a seller, agents regardless of letters after their name or a code of practice are often less than scrupulous. They have all had a tough time and sadly this seems to have made them prepared to drop standards of behaviour. Find someone who can give you a list of clients that you can email for references and only work with them if they will do this. We actively encourage clients to speak to other residents and that gives them huge comfort. By the way, I am not selling to you on that comment as we re are NOT working in Abruzzo. I would suggest you find other Abruzzo residents and get a list of recommended agents and start again. Good luck to you and your family fabrizio
Thanks again
Submitted by kimrls on Wed, 11/10/2010 - 10:34In reply to A newbie all over again! by Annec
Thanks again for the advice and welcomes ! I have actually approached the 4th agent again and they have given me a list of people who have bought with them and who live in Abruzzo, this has really helped as I have made contact with a couple of people already and getting good advice. It really has all been a mad situation but now we are back on track, the agent we are dealing with is also putting a piece on their website about the problems of buying so hopefully others will follow suit and it will be safer for people like us. A story that did make me laugh is that one of the so called agents who does this type of illegal work actually used to work for the inland revenue in the UK !!!!!!!!!! I am so looking forward to buying in Abruzzo and changing our lives, I guess I should get used to having a bit of stress as we have a lot to do. Thanks for the advice regarding FIAPP however I understand not all agents register with them, is there a site where you can check everyone ??
When you have gotten through all of this malarky...
Submitted by TheItalianLife on Wed, 11/10/2010 - 11:23In reply to A newbie all over again! by Annec
A couple of things that I
Submitted by La Dolcevita on Thu, 11/11/2010 - 11:27A couple of things that I learnt during our purchase that might be useful:- It doesn't matter what the price the agent has the house on the market for - whatever offer price you put in (no matter how ridiculous) they are obliged to inform the seller And advice from people who have been severely burnt (not us thankfully we we followed their advice) never seek legal advice from a solicitor recommended by an agent (unless others can vouch for them) Seek independant advice from people you know. We paid extra to have an english speaking italian solicitor sort our purchase for us but it was sooooo worth the piece of mind. I felt guilty as it felt that we were sending out a message that we didn't trust people - however others that we know that put their trust in others have been left many many thousands out of pocket - so for us a couple of k was worth it Good luck - we're a little ahead of you - we bought in May and had a great buying experience with a fab party after
In reply to A newbie all over again! by Annec
t doesn't matter what the price the agent has the house on the market for - whatever offer price you put in (no matter how ridiculous) they are obliged to inform the seller Technically yes, but it depends on whether they have an exclusive mandate or not, which has a minimum price on the mandate. You would be surprised how many agents dont tell the owners anything until they're ready!
did not realise it was this complicated
Submitted by kimrls on Thu, 11/11/2010 - 14:19In reply to A newbie all over again! by Annec
I am back to trawling the net searching for the right ones but this time checking out every company, the sad thing is there are less legal ones than the illegal ones !!!!! At least I feel safer now, I must say after looking at some of the sites that are not agents they tend to always harp on about how you can get ripped off when in actual fact it is them doing the ripping, you do not need to check for licence numbers just check out the sites that say how bad the others are and how hard buying in Italy is and you can bet they are bad ones. I do enjoy the searching though although my wife is tired of me shouting her to come to the computer and look at another one !!!!
kimrls, why does it feel to
Submitted by Capo Boi on Fri, 11/12/2010 - 02:51In reply to A newbie all over again! by Annec
Or maybe agent 4
Submitted by Capo Boi on Fri, 11/12/2010 - 02:50In reply to A newbie all over again! by Annec
In reply to A newbie all over again! by Annec
you can check out a company at the www.registroimprese.it putting in either their job - agente or agenzia immobiliare with a province, or the name of the company and/or agent. Unfortunately it is not foolproof - there are some real con merchants in my local list, but it does give you an idea. Failing that, really dont be afraid to ask to see their documentation. ANy decent agent will be happy to show you their accreditation. Best of luck.