How does the purchasing process work in Italy?
There are generally two distinct steps in the house purchasing process in Italy. The first step is the signign of the preliminary contract where a deposit is made and both parties are committed. The second is the completion of sale. The process is overseen by an Italian notary public ( who represents the state) to ensure that rhe deed of sale is correctly prepared that the agreed purchase price paid to the vendor and the land registri is updated. He also makes sure thet all payable fees or taxes are collected. A deposit of about any where between 10% and 30% is paid at the preliminary contract (compromesso di vendita). The final deed of sale occurs about 4-12 week later given the public notary time to carry out a series of stands checks. A qualified professional is also required to carry out a series of technical verification.
