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Global assistance - STEP-BY-STEP PURCHASING PROCESS


We firmly believe that buying a property should be a pleasant and enjoyable experience, during which the buyer feels in good hands, knowing that he is protected and assisted in every aspect of the purchasing process.

For this reason Avrai Leisure offers an excellent assistance service, the result of years of experience, which aims at supporting the customer throughout the entire process, from the visit to the contracts, from the initial project to the interior design, up to the delivery.

Having Avrai Leisure at your side means being able to count on efficiency, experience and an honest relationship.

STEP-BY-STEP PURCHASING PROCESS

Welcoming and visiting

We carefully select exclusive locations in private and unique venues.

We organize the visit by providing all the information about means of transport, best facilities, restaurants and activities to be carried out in the area, so that the visitor can appreciate first-hand the riches of the territory he has chosen to evaluate.

Property Reservation

After identifying the ideal solution, we proceed with the property reservation, together with the payment of a deposit that will guarantee the customer a priority on the purchase that will then be confirmed at the signing of the preliminary contract. In other words, it is a pre-contract that protects the buyer from possible other forms of interest in the same property, until the signing of the preliminary contract. At this stage the amount of the deposit will become a confirmatory payment and deducted from the payment of the balance.

Preliminary Contract & Deed

The Preliminary Contract (also called “the compromise”) commits both parties to the final contract. It can be signed privately if the real estate is already built or if the building permits have not yet been submitted. If the application for the building permits has been submitted by the builder, the deed must be signed in the presence of the Notary Public.

The preliminary contract must indicate the main sales factors such as the price and the house to be purchased, the address and a precise description (floors, rooms, etc.) with the cadastral/construction data and the date of the final notary deed. It is also important to define all the mutual obligations to be fulfilled before the delivery of the property.
Only in the event of the purchase of a property "on paper", it is necessary to enter the preliminary contract in the public registers and it counts as a valid property reservation. It is no longer just a private agreement between buyer and seller, but it is legally valid towards anyone and therefore the seller cannot sell the property to anyone else, nor grant a mortgage on the property or any other prejudicial right.

The notarial deed establishes the transfer of ownership of the real estate from the seller to the buyer. It will be the Notary's responsibility to write and register the deed within the terms of the law to ensure legal validity.

Act in two languages

The buyer should be sufficiently competent to understand the Italian language during the reading of the deed to be able to sign it.

If the level of Italian is not sufficient, it will be necessary to translate the contract in advance in order to make it understandable to the purchaser.
- The official translator must be present at the proceedings, and he or she will be sworn to have faithfully fulfilled his or her office.
- One of the two witnesses must understand the Italian language and the foreign language used for the document, as well as being resident in Italy.

Deed with proxy

In the event that the Client cannot attend the notarial deed or wants to speed up/simplify the procedure, he may delegate the signing of the contract to a person of his trust (attorney) who, of course, must understand the Italian language.

In case of mortgage

The mortgage, which is generally part of the final deed, i.e. at the time of the actual transfer of ownership, is generally used to finance the purchase of the property. It consists of a contract whereby the Bank chosen by the Client grants the Client the availability of the sum of money agreed upon, against the repayment of the amount in monthly instalments including both the principal and an interest portion. Once the Client indicates the chosen Bank, the Notary Public contacts the Bank to prepare the mortgage contract - which is generally signed at the same time as the deed of sale - and, after the usual legality check, he coordinates the meeting between all the parties. In order to guarantee the return of the amount paid, the Bank normally asks the Client to register a mortgage on the asset just purchased, i.e. a formality visible to all, which guarantees the Bank a right of priority over any proceeds from the asset in the event of an auction. The Notary Public will intervene here as well, in order to guarantee the Bank the correct registration of this mortgage, its degree and due publicity in the Real Estate Registers.

DOCUMENTS REQUIRED FOR THE PURCHASE

  • Buyer's identity document (indicating any change of address)
  • Fiscal code: identification code issued by the Revenue Agency
  • Marriage certificate extract or certificate of free status or civil partnership
  • Copy of any property agreement or cohabitation agreement
  • For non-EU citizens: copy of residence permit or entry visa
  • Not compulsory but recommended: bank account at a bank or post office in Italy
  • Recommended in order to merge the sums intended for the payment to the seller, and to pay the taxes, duties and utilities that burden the property.
    Other methods of payment are always possible, provided that they comply with the obligations of traceability of payments (e.g. by international bank transfer).
In the case of first home purchase
  • A copy of any purchase deeds for the sale of the previous home and of any invoice from the seller and/or notary for the deduction of registration tax or paid VAT (tax credit).
Moreover
  • Copy of the means of payment of what has already been paid
  • If the buyer has made use of it, data of the real estate broker with indication of the agreed commission and photocopy of the means of payment of what has already been paid
  • Copy of the preliminary sales contract

Can a foreign citizen buy a house in Italy?

Citizens of European Union member states may purchase property in Italy under the same conditions as Italian citizens. Non-EU citizens may purchase property in Italy only if the condition of reciprocity exists, i.e. only if an Italian citizen is allowed to purchase property in the State of the foreign citizen who wishes to purchase in Italy. (i.e. citizens of the U.S.A., Australia, China, Brazil, India, and many others can buy a house in Italy).

The Italian Notary Public verifies the reciprocity condition and signs the final sales contract. Citizens of non-EU countries, who reside in Italy, can buy a house in Italy only if they have a regular residence permit. Avrai Leisure can count on a considerable number of sales even to buyers from outside Italy, which makes it a specialized partner and able to meet any specific situation.