Through collaboration with both Italian and foreign agencies, carefully selected, itcasa is able to offer its customers an exclusive collection of properties to satisfy even the most particular taste.
If the desired type of property is not immediately available in our collection, itcasa offers a personalized search service that, following the market according to the client's search criteria, indicates new properties placed on the market that might be of interest to the client.
Once identified the suitable property, itcasa offers its customers all the assistance necessary to make the purchase, including:
- The valuation of the property;
- The preparation of a technical report containing all the documentation necessary for the evaluation of the urban, building and general regularity of the property, indicating, if any, any particular conditions, both positive and negative, which could affect the choice of the property by the buyer;
- The submission of the formal purchase proposal;
- The preparation or supervision of the technical and legal procedures necessary for the conclusion of the preliminary sales contract (also called "compromesso") and the subsequent notarial deed.
The main aspects of a real estate purchase are briefly outlined below.
Formal purchase proposal
The first step in the purchase of a property is the preparation in writing and subsequent sending of the formal purchase proposal by which the buyer irrevocably undertakes, for the period of validity indicated in the proposal itself to purchase, for himself or a person or company to be appointed later, the property at the price indicated in the offer.
At the same time as the formal purchase proposal, the buyer will deliver to itcasa, as a real estate agent, a non-transferable cheque, made out to the seller, which itcasa will deliver to the seller when the latter, accepting the terms of the proposal, will countersign the same. The amount of the cheque (which varies in proportion to the value of the property) will be valid as a "deposit" which in turn may be "confirmatory" or "penitential" depending on the case and if the seller should refuse the offer, the cheque will be returned to the buyer within 5 days.
Preliminary contract (also called "Compromise")
If the offer is accepted and then countersigned by the seller, the next step is taken, i.e. the preparation and signing of the preliminary contract, also known as the compromise contract.
At the signing of the compromise the buyer will have to pay a deposit, usually between 10% and 30% of the total purchase price stipulated and will also be indicated in the contract, among other things:
- The price;
- The terms of payment;
- The deadlines;
- The state of the property (vacant, rented, etc.);
- The guarantee that the property will be transferred free of any charges (including past condominium expenses);
- The date of delivery of the property;
- The date of the notarial deed of sale (usually between 2 and 4 months from the date of conclusion of the compromise).
By signing the compromise, the parties concerned have the certainty that, since the will of one or both parties is not lacking, in which case the type of deposit paid at the time of the compromise must be considered in order to better understand the procedure to be followed, the sale will be successful and therefore, legally, the commission is due to the real estate agent.
The notarial deed is the final deed of sale of a property and is drawn up in front of a notary (normally chosen by the buying party) and the parties concerned (seller and buyer).
Before drawing up the deed, the notary carries out all the checks relating to the property being sold (cadastral surveys, mortgage surveys, etc.) and only once the conformity of the property has been ascertained, draws up the deed which is signed by the parties in his presence and then carries out the registration of the property, paying the relevant taxes, the transcription in the registrar's office and the cadastral survey.
Often with the deed of sale is also signed the deed of mortgage and after this operation the notary will provide the mortgage registration in favour of the lending bank.
At the time of the deed the balance of the price stipulated between the parties is paid and the notary's costs are settled.
Usually, the cost of purchasing real estate should not exceed 12% of the value of the property.
Since all the costs necessary for the conclusion of the notarial deed (notary's fee, taxes for the purchase of the property, etc.) are to be borne by the buyer, it is up to the buyer to choose the notary trusted for the conclusion of the contract.
The main costs associated with the purchase of real estate are as follows:
- Taxes due for the transfer of the property - vary according to the type of property (first house, second house, etc.) and the type of seller. For example, in principle, the value of taxes due on the purchase of a property from a private seller varies between 2% and 9% of the cadastral value of the property revalued according to the category the property belongs to.
- Notary - the notary's fee is established according to national tables and varies according to the value of the property purchased.
- Real Estate Agency - itcasa's commission usually varies between 2% and 5% of the total purchase price (excluding VAT) depending on the value of the property.A