Purchasing property in Italy can be a straightforward process when guided by experienced professionals. Below, we outline 10 key steps to help you secure your dream home in one of the world's most beautiful countries.
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Choosing a Property
Begin by selecting a property that suits your preferences and budget. Our team provides accurate calculations for purchase and maintenance costs, enabling you to make an informed decision.
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Obtaining an Italian Tax Code (Codice Fiscale)
The Italian tax code, a 16-character alphanumeric identifier, is required for tax and administrative purposes. You can obtain it from:
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The local tax office in Italy
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An Italian consulate in your home country
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Signing a Purchase Proposal
The purchase proposal initiates the negotiation process. As the buyer, you outline:
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Your proposed price
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Preferred payment method
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Timeline for completing the purchase
This legally binding document includes a detailed property description, buyer and seller details, and mandatory guarantees as per Italian law. Once accepted by the seller, the proposal often converts into a preliminary contract. In some cases, the property can be purchased directly after the proposal is accepted, eliminating the need for a separate preliminary contract.
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For New Constructions: Signing the Preliminary Contract of Sale as a public deed
When purchasing new constructions, this obligatory by law step formalizes the agreement as a public deed before a notary.
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Paying a Guarantee Deposit
Typically 5–10% of the proposed price, this deposit carries legal significance:
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If the buyer withdraws, the deposit is forfeited.
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If the seller withdraws, they must return double the deposit and may face additional compensation claims.
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Making an Additional Advance Payment
For new constructions, an additional advance payment of 30–40% of the price may be required. This payment is often tied to specific construction milestones and accompanied by:
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Insurance guarantees
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Bank guarantees
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Registering the Contract with the Tax Office
The preliminary contract must be registered with the local tax authorities within 20 days of signing.
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Transferring the Balance to the Notary's Deposit Account
Before finalizing the purchase, the remaining balance is transferred to the notary's deposit account. If you don’t have an Italian bank account, this account ensures secure payment via certified checks on the day of the notarial deed.
Note:
Under Italian law (August 4, 2017, Law No. 124), the buyer can request that the notary transfer the balance to the seller’s account only after the property is registered.
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Signing the Final Contract of Sale (Rogito)
Before signing, a thorough review ensures:
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The property is free of liens.
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The notarial deed is pre-translated and verified.
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All parties (buyer, seller, agent, witnesses, and translator) are present for final deed.
Once signed, the keys are handed over, and you officially own your new property!
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Obtaining Certified Copies of the Deed
Within about 20 days of completing the purchase, you will receive a notarized and certified copy of the deed, which includes:
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Confirmation of tax payment
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Registration stamps
This document serves as your official proof of ownership.
By following these steps, you can ensure a smooth and transparent property-buying experience in Italy. If you need further assistance or have any questions, our team is here to guide you every step of the way.
For more details, please contact:
+39 366 447 6630 (Hanna)
info@bestcomo.com
