Hi guys! Well here we go! You are about to purchase your new Italian Dream Home but you realize you know absolutely nothing about the Italian property purchase process and suddenly you are stricken with analysis paralysis! And rightfully so! There are so many things to watch out for in an Italian property purchase and certain provisions need ot be included in these documents like the Compromesso.
Here we take a deep dive into the Comprmesso, the promise to buy and sell, we go over actual articles in the document and what they are and what they mean, in addition to why it is absolutely vital that you include some of these provisions.
While your Italian real estate agent may be fabulous, if he misses some of these you could be in legal jeopardy! Whether you are buying a house in Tuscany, Puglia, Calabria or any other region in Italy these provision are super important. Watch this video and take good notes!
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Disclaimer: I am not a real estate agent in Italy nor am I an architect or attorney. Please consult with the appropriate professional on your own specific circumstances.
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6 Comments
Comments on wall insulation? We will be adding it in our renovation, but they seemed to think this was strange.
Is there a good site for finding an Italian tutor?
Great detailed advice. I have purchased two properties, but hopefully will sell one soon. As a seller, I needed this information. Having said that, I will differ to the advice of the proper Italian authorities. These are people I have dealt with in then past and trust. Italian real estate practices are somewhat different from what I am accustomed with in the US. So, it’s very important to seek legal advice. Thanks for such helpful information.
Chris, I'm about to prepare a compremesso. The home was this owners parents home. There is a small home next to this home. This owner is retaining this property. He wants to take Homes front gate where the drives go to. He wants to install a new gate for my Home. This is not setting right with me. Can you give just an opinion for me?.
I tried, where do I find it??
Am very surprised at your talking about some sellers removing kitchens etc when selling the house. In my experience, they normally leave these in place. Most buyers that i know usually rip out the kitchen regardless of whether it's old or new. Same with bathrooms. In fact, a good friend of mine spent around 15k re-modelling the bathroom. A very short time later he sold the property and i was stunned when he told me that the new owners had immediately ripped out the recent luxury bathroom to install a different one. However, i did notice (when visiting a development complex that a friend was involved with) that, unlike in UK, a lot of new builds do not have Kitchens, or even bathrooms in some cases. You have to install these yourself. Even as an Italian, i do find Italy a very bizarre place. Am surprised your hair hasn't fallen out. Stay safe & sane.😁