The proposal to buy
Now, after your House-Hunting experience, lets assume that you find the right property: the next step will be starting the process to buy.
The Real Estate Agent will prepare a Proposal to Buy in your name, indicating the purchase price that you propose for that property. The Proposal to Buy will have a validity of one week and within that period the Vendor will have the power of accepting, refusing or discussing the price with you again. When he accepts, the price wont be discussed anymore.
The Real Estate Agent will prepare a Proposal to Buy in your name, indicating the purchase price that you propose for that property. The Proposal to Buy will have a validity of one week and within that period the Vendor will have the power of accepting, refusing or discussing the price with you again. When he accepts, the price wont be discussed anymore.
At this point, you will be asked to leave a deposit to the Agency, normally with a cheque in the name of the Vendor, that will be given to the Vendor only in case he accepts the price, signing your proposal.
Please Note that if the affair does not go ahead at this stage, for any reason, the sum will be given back to you without any penalty.
When the vendor has accepted and signed the proposal, you can now instruct a lawyer, in Italy called a Geometra or an Architect, to make all the structural and legal checks of the property at the Land and Building Registry office (the Catasto).
We can advise you on which Geometra to use, most agents work closely with local geometras building up a relationship that can make all the difference when it comes to the crucial stages!
Choosing the righ house with the right people:
The proposal to buy
Download the .pdf file in order to know the best ways to invest your money in Tuscan estates!
