There is something permanent,
and something extremely profound,
in owning a home.
There is something permanent,
and something extremely profound,
in owning a home.
Narrowing down your big-picture homeownership goals will point you the right direction.
First thing, let’s meet and discuss about four key points:
Our in-depth research starts with the location; once identified, we can then focus on the property.
You'll be surprised to see how easy is to buy a home in Italy: here at Lakeside we work hard to make the procedure the smoothest and the clearest for you.
We don’t hide that the bureaucratic, technical and legal side of the sale is often very complicated, but no panic: our team is ready to face any obstacle and solve it ASAP.
Furthermore, our private Technical Office is an added value of our efficiency.
What we want you to know is that most of the hard work is somehow invisible to buyers, as it’s made by Lakeside as soon as a property takes part into our portfolio: checking of the Cadastral situation, verifying the building and urban license to avoid not compliant works, fixing what hasn’t been legally approved by the Authorities.
Furthermore, as licensed realtors we have a deep knowledge in Technical & Private Law: what we do is a detailed analysis of the property, which will be double checked again by the Notary at a later stage.
In other words, we provide a full 360° screening at every single property we handle.
To make it easier, we have summed up for you the three key steps of each sale procedure: offer, Preliminary Agreement contract and Notary contract.
You’ll see: with the right partner on your side, the whole process won’t look that difficult anymore!
1. OFFER
You make an offer to the Seller: we like the idea to ease things for our clients, so we usually suggest to start with a verbal one. This way you don’t waste your time and strive in long written contracts, which might result useless if price offered is not accepted by the Seller.
2. PRELIMINARY AGREEMENT CONTRACT
3. NOTARY CONTRACT
In Italy, the Notary is responsible for all parties and he’s legally liable for all documents being checked.
In addition to the property price, during our dealing you will face some costs related to the sale.
Two are the questions we ask to our clients:
Thereinafter you can find an overview of the above-mentioned costs, depending on the two aspects just mentioned:
Buying as a resident* | Buying as a NON-resident | ||
From a private owner | 2% as Registry Tax on the cadastral value** | PLUS for both: Mortgage Tax ?€ 50 Land Registry € 50 |
9% as a Registry Tax on the cadastral value** |
From a Builder | 4% VAT on the price | PLUS for both: Registry Tax € 200 Mortgage Tax ?€ 200 Land Registry € 200 |
10% VAT on the price |
In case of a Loan request | Tax “Imposta sostitutiva”*** 0,25 % on the total amount of loan released |
Tax “Imposta sostitutiva” *** 2% on the total amount of loan released |
* Resident
Buyers falling into this category, who decide to live permanently in Italy, have up to 18 months after the purchase date to register as Italian residents.
** Cadastral Value
It’s determined by the Land Registry Office and it depends on factors such as location and floor space.
*** Imposta Sostitutiva
The “substitutive mortgage tax” was introduced by with the DpR no. 601 in 1973, for mortgages and loans over 18 months in duration
NOTARY | between € 2.000/5.000 + VAT (it depends on the purchasing price and the transaction) |
NOTARY FEE IN CASE OF MORTGAGE | to be paid an extra around € 1.800/2.000 + VAT |
REAL ESTATE AGENCY | 4% + VAT on the agreed property price |
TRANSLATOR | between € 700/800 + VAT |
IN CASE OF LEAVING DEPOSIT WITH THE NOTARY BANK ACCOUNT | between € 400/500 + VAT |
REGISTRATION COST OF PRELIMINARY AGREEMENT CONTRACT (charged to the Buyer) |
- € 200 as Registry Tax - 0,5 % tax of the deposit paid - stamps of € 16 every 100 lines of the contract (to be registered minimum 2 copies) - stamps of € 2 or € 16 (it depends) on every attachment of the contract |
LAWYER (if required) |
usually the fee is around 2% + VAT on the property price |
TECHNICAL SURVEY (if required) |
between € 500/1000 + VAT |