Purchasing real estate in Italy involves several key steps. Here is a detailed outline of the process:
➡️ Searching for the Property and Preliminary Document Review
Begin by identifying a suitable property. At this stage, it’s crucial to conduct a basic review of the property’s documentation, including ownership details and compliance with building regulations.
➡️ Signing the Preliminary Agreement and Paying a Deposit
Once you find a property, both parties sign a preliminary contract (Compromesso) that outlines the terms of the sale. The buyer typically pays a deposit, usually 1–5% of the property's price. This step formalizes the buyer’s intent and reserves the property.
➡️ Legal and Technical Due Diligence
Conduct a thorough examination of the property's legal and technical status. This includes verifying the absence of debts, mortgages, or liens, as well as ensuring that any renovations have the necessary permits. This step protects the buyer from potential legal complications.
➡️ Signing the Final Deed with a Notary
The final contract (Rogito) is signed in the presence of a notary. The notary plays a key role, drafting and authenticating the agreement, overseeing the payment process, and ensuring the transfer of ownership complies with legal requirements.
➡️ Registering the Property
After signing the final deed, the notary registers the transaction in the land registry (Catasto) and tax authorities. This step officially confirms the transfer of ownership and updates the property records.
‼️ Important Note: Before signing the final deed, it is essential to verify the property’s legal and technical status. This precaution helps avoid future disputes or unexpected liabilities.
By following this structured process, buyers can ensure a safe and transparent property purchase in Italy.