There are no restrictions placed upon a non-resident wishing to purchase a house in Italy, either from Europe or elsewhere.
If you change your mind you will fortfeit the deposit, as the owner will have effectively taken the property off the market for a certain period of time. If the sale does not go ahead in the specified date through no fault of your own, then your deposit will be returned to you. We can arrange for a surveyor (Geometra) to organise a survey on the property and carry out the searches, if required at this stage.
You will be expected to pay a deposit at this stage (Caparra) which his usually 1/3 of the purchase price. It is important to note that if you withdraw from the sale after signing the Compromesso, you lose your deposit. However, if the seller withdraws, he must pay you double your deposit.
The buyer, seller and estate agent are all required to be present for the signing of the contract at the Notary's office. You can sign the Rogito in person or we may be able to appoint a Power of Attorney in your absence. You will be expected to transfer funds to the vendor and the Notary at this stage – we advise the best way of transferring funds to your Italian account in time for the Rogito is either via Swift from your own bank in the UK or by using a specialist currency dealer, which may be able to offer you better rate of exchange.
If you can't be present at the Rogito - Special Power of Attorney
We draw up the power of attorney agreement which is emailed/faxed/sent to you and you need to prin tit off and sign it in the presence of a solicitor. You then need to send or take it to the Foreign Office in your country to have it ratified with an "Apostille" and send back to Italy. We can then sign the rogito on your behalf withouth the need for you to come to Italy.
LIMEDIA RE Staff