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| About
the Area |
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| Flights
And Rail |
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| Our
Viewing Trips |
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| Is
Buying In Italy Different ? |
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| The
Steps To Buying |
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| Legal Aspects |
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| ABOUT THE AREA | ||
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ˇ
Having lived in and loved the Emilia Romagna area for many years, we decided
it is an area fresh for development. |
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| FLIGHTS AND RAIL | ||
| ˇ
Emilia Romagna offers unspoilt scenery and countless places to visit. But
one of the greatest attractions of this area is that Bologna is served particularly
well by flights from the UK. British Airways has great flight schedules
and flies in from Gatwick three times a day. Ryanair flies to Forlě,
40 miles from Bologna. So that means you can be At Home in Italy in just
over two hours. People from the UK will particularly appreciate Italy's
efficient, cheap trains that can speed you along to destinations within
Emilia Romagna or to other parts of Italy. |
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| OUR VIEWING TRIPS | ||
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We want your exploratory visit to Italy to be as pleasant as possible and
we are in contact with local B & B's both in the city and the country.
You may prefer to stay in the heart of Bologna to get a taste of the city's vibrancy, or to get out to the country straight away to relax between viewings and absorb the local atmosphere and the local wine! We will be visiting areas within a 40-mile radius from Bologna airport, so only relatively short distances are involved, but we want to maximize your non-travelling time during your stay. |
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| IS BUYING IN ITALY DIFFERENT FROM IN THE UK ? | ||
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You might be apprehensive about buying abroad because some aspects might
seem very foreign and strange. Italian law can seem complicated to the first-time
buyer (even to Italians!) but we would like to emphasise that it aims to
protect both vendor and buyer. ˇ First of all, estate agents are regulated under strict legislation and there are severe penalties for malpractice. ˇ Secondly, it is worth repeating that only the vendor in the UK is subject to payment of estate agent's fees, whereas in Italy both vendor and buyer are usually charged commission by the agent. ˇ Another difference is that in Italy completion takes place before a Public Notary (Notaio). The Notaio is responsible for verifying the identity of the parties, witnessing the transfer of title from one party to the other and registering the title deed. |
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| WHAT ARE THE STEPS TO BUYING ? | ||
| There
are basically three steps in the purchase of property:
1) The offer to buy subject to contract, or Proposta di acquisto irrevocabile This is a formal, written offer from the buyer to purchase the property from the vendor. At this stage, it is common practice for the buyer to make a financial commitment with the payment of a small deposit, in order to demonstrate his/her serious intention to go ahead with the purchase. The offer includes the price that the buyer is willing to pay, as well as contractual clauses, milestone dates and any other special conditions that may be specified by the prospective buyer. He or she may, for example, make the offer on condition that intended planning permission will be granted, or that the property is not subject to rights of way. The intending buyer fixes a time limit to the offer (for example, ten days or two weeks) during which time the vendor may consider the proposal. It is obvious that if the conditions specified by the buyer cannot be respected, then he or she may withdraw.
2) The Preliminary Contract, known technically as the Preliminare di Vendita or more commonly as the Compromesso. This contract is really the basis for the final stage, and is a firm commitment by both parties (vendor and buyer) to complete the transaction within a given time and at the stated price. At this stage, it is crucial that both parties are determined to proceed with the sale: if the buyer withdraws after the Preliminare, he will lose his deposit. On the other hand, if the vendor withdraws, he will have to return double the amount of the deposit to the buyer. It is at this phase that any application for a mortgage is determined and other conditions may also be laid down, such as agreement on any repairs needed or any furniture included in the purchase. 3) The definitive act of transfer or the completion, called the Rogito or Atto Notarile. Completion takes place before a Public Notary. It is the buyer who has the right to choose which Notary. Obviously, if the buyer is not familiar with the area, he/she will probably be willing to accept the name of a Notary recommended by us or by the local Italian agent. The Notary is responsible for checking the legal validity of the title deeds. By this stage, it should have been ascertained by the Notary, in association with the Agent and Vendor, that the vendor has legal title to the property, has no outstanding debts and has not made illegal additions to the property which do not appear in the public records. Once the transaction has been completed, the Notary will register the new title within twenty-one days. If the buyer has applied for a mortgage, this will also be registered by the Notary.
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| LEGAL ASPECTS | ||
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1) At Home In Italy co. uk. Ltd. is a registered private limited company, registered no. 5665579. 2) Payment:
3) Purchase contract 4) Disclaimer
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