2334 sequence of events after agreeing a deal

ciao tutti

Can anyone tell me what happens after a property purchace is agreed in italy.

i know its a question which need a lengthy reply. but if possible a quick summery of the stages or sequence of events.

I'm going out to south lazio in the spring to try to finalise a purchace of a deralict property near cassino, and could do with a little knowledge.

Also if the deal comes off i'll be buying direct from the seller, not an agency
and from what i've heard " brown paper bags under the table" is not uncommon between buyer and seller. is this true?

ciao e grazia

Category
Legal

Submitted by Anonymous (not verified) on Tue, 01/10/2006 - 16:33

Oh goodness, if only it was that simple! Well spose it has been for some BUT only if you have been guided through by someone that knows what they are doing and can be trusted.

1, Have you signed a proposal?
2, Do you know the vendor well to trust them?
3, If not, you need a lawyer unless you think you understand enough to go with Notary only.
4, Have you considered problems with pre-emption rights and all the other rights that do not get spoken about much
5, Is you property rural or urban, if urban the tax lwas have changed so no need for brown paper bags unless vendor will still not declare full price.
6, Have you used search in the blue bar at the top?
Search for Proposta, Compromesso, Rogito and Charles Joseph threads, should help once you have waded your way through them.
Good luck and hope all goes well

Submitted by Anonymous (not verified) on Sat, 01/14/2006 - 12:18

[QUOTE=trullomartinafranca]Oh goodness, if only it was that simple! Well spose it has been for some BUT only if you have been guided through by someone that knows what they are doing and can be trusted.

3, If not, you need a lawyer unless you think you understand enough to go with Notary only.
4, Have you considered problems with pre-emption rights and all the other rights that do not get spoken about much
[/QUOTE]

That is very true! if your are buying a derelict house, you should engage a independent lawyer and also appoint a surveyor to ensure that the property is not going to fall down into pieces.

Charles and adriatica have been very pro-active in this forum and they have written many threads about what steps you MUST take to ensure that will not be ripped off.

If you do not have an estate agent, then your should at least have a competent lawyer to check the pre emption rights issues, any problems with the title, whether the property has been built legally and so on. You will find recommendations about good Italian lawyers in the UK in many previous threads in this section, their fees and the services provided.

It is also important to have an independent survey of the property: both the lawyer and the surveyor/geometra should not be related to the vendor to ensure that they act on your best interest only.

Good luck with your purchase.