5 Mistakes to Avoid When Buying Property in Italy
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- Опубліковано 25 лип 2024
- These 5 mistakes to avoid when buying property in Italy can make a huge difference when you've got them in your back pocket while going through the process. By following these tips, you'll avoid some common pitfalls when buying a home in Italy. If you're thinking about buying a property in Italy, be sure to watch this video first! We'll provide you with essential information about buying a home in Italy, including tips on investment properties in Italy, what to keep in mind during your search and more. In this episode of the Italian Real Estate Podcast hosts Marco Permunian, an Italian attorney, along with video podcaster and dual citizen expat, Rafael Di Furia, known for his project Not Your Average Globetrotter (@RafaelDiFuria ) will discuss some of the most common mistakes that people make when buying a home in Italy.
Italian Real Estate Podcast EP61:
5 Mistakes to Avoid When Buying Property in Italy
00:00 Intro
00:47 Overlooking investment property guidelines
04:44 Choosing the wrong real estate agency
07:58 Failing to carry out due diligence
10:48 Overlooking additional purchasing costs
14:59 Overlooking residency requirements
23:14 Closing remarks
For help with buying a home in Italy, and more information about Italian Real Estate Lawyers visit IREL's website:
ItalianRealEstateLawyers.com
To contact Italian Attorney Marco Permunian and his team, you can use the contact form on the Italian Real Estate Lawyers website: italianrealestatelawyers.com/...
Also to see more from Rafael Di Furia about life in Italy and life as a dual citizen check out his UA-cam channel and website:
/ rafaeldifuria
Http://RafaelDiFuria.com
#movetoitaly #italianhouse #italianrealestate - Навчання та стиль
Like most old houses in Italy, the walls tend to be thick and therefore in Winter , any moist air hitting a cold stone wall will cause condensation to form. Advice rent before you buy, get to know the area,
great information. thanks for sharing.
Thank you for posting.
Very informative.
That last point is so incredibly important.
Grazie- per questi informazione importante per noi.
Not getting a building condition survey would be a massive mistake.
Right. In USA it's called a Home Inspection and it's crucial to have someone competent and honest do this. There can be serious problems that the average person won't recognize.
Spot on, I have knowing people who bought properties in Italy only to find out foundation problems, cracks on thick walls, farmers had rights of way on your land olives trees etc, the list goes on. Get a good geometra a property surveyor to look over the property.
How much does that cost + -?
based upon location, type of property and price. Condition Surveys start at £550 plus tax.@@user-bz6nt2ez5q
I know about home inspectors in North America. Most of them rely totally on recommendations from realtors and I cannot think of a worst conflict of interest! I did "inspections" in US and Canada and they have very similar, corrupt systems so I would not trust any HI who came via a realtor. He/she is only working for the next referral. Homebuyers should use their commonsense wherever in the World.
That's true, they are good only at charging you money, and then you're on your own.
I love this video and you both gave very good pointers for buying in Italy. I live in the US but am Italian by birth; I am looking to relocate back to Italy with my wife-to-be and I have to make an observation. Photos of real estate in Italy are PITIFUL. Ok maybe it's because I did some real estate photography in the past and I am used to the much more professional way to do it here in the US, but some apartments look like dumps and they might just be fine. . Home staging must not be a thing in Italy; I've even seen apartments with not a single photo in focus, not ONE! I might have found a way to do business, not that I want a Partita IVA though LOL! Good job guys!!!
I'm also Italian born (moved to the U.S when I was 12) and looking to relocate back to Italy with my wife and kids. You're right, real estate photos are terrible but from what I've been told by family is that it's pretty much the norm.
@@giovanni4304 yes i think it's the norm, like it's a norm writing to an Italian business or service and never getting an answer. Out of 10 realtors you're lucky if you get 3 answers
My family and I are Canadian, the economy and government here has become absolutely horrible. Everyone is losing everything they have ever worked for or barely hanging on. Retirement is no longer a thing as nobody can afford to not be working. My family and I are interested in migrating to Italy and becoming citizens in the next few years. My husband wants to open his tiling business in Italy (he owns one here in Canada) and I wish to maybe own a house with a vineyard and some property to host weddings and receptions and other beautiful events. Are these just pipe dreams or would we be able to do so because we would be investing in Italian property and economy by opening up jobs?
You can't work
We are planing on buying a house in italy, one of many questions we have is do italy banks provide a loan for US citizens and how much is the lawyer service to help the proccess to buy a house?
Simple answer NO. They prefer giving morgages to resident Italian citizens who have permanent jobs
I understand Marco’s office is in Rovigo.
Would his office be able to help me if I’m buying a house in Liguria, or the lawyer helping me must be from the same state as where the property is located?
Thank you for your message. Yes of course! We can assist with the purchase of a property in any part of the country.
We are very interested in buying property in Italy,
Similar to Canada paying the property price, the notary & the real estate agent & taxes due on property! Can be expensive thanks for advice as Registration Tax + Notary Fee + Real Estate...Attachment to Property Not A Good Idea re: Property Attachment is property conforming to laws/regulations Don't Skip Due Diligence as Is Property a Good Investment!
We really appreciate you explaining the process. That has been one of our question but had a tough time getting explanation.
Looking forward to the next episode.
I heard that Italian government has been working on visas for people who work remotely. I work remotely and I would like to purchase the house in Italy.
Hi guys never buying any house in South of Italy maybe your neighbour is a mafia people and you don't know until when any problem occurs and you stuck for everything...including selling back to anyones 😢 and also the burocrazia is to slow and corruption is everywhere including ad townhall where you need
Sadly this is true
In Australia the seller pays the real estate agents commission which seems fairer.
The buyer pays the sellers real estate agent?
Thanks for the info. Hi! Would you recommend a real estate lawyer in italy who is reasonable to look over a purchase contract? Thanks!
I believe we cannot compare the realestate market dynamics of Italy with the U.S. for multiple reasons but also because the U.S. I believe has approx 12% realestate fee upon purchase, an average of 1% maintenance cost per year, and a much higher property tax. I believe, but might be wrong, that in some way these costs fuel the realestate market too.
Nope, the fees are NOT 12% for a buyer here in the States. Realtor commissions are paid by the seller here! Why would you even make a statement like that and many other incorrect assertions without first researching what you’re talking about??? Not only that, but if you use a real estate agent for the purchase here, you can actually negotiate with that real estate agent to get several percentage points into YOUR pocket through the transaction - in reality that means anywhere from thousands to tens of thousands of dollars to TO YOU depending on the price of the property. I won’t go into detail here because it is rather lengthy, but it is a fact nonetheless. As far as other fees such as escrow, title fees, and so forth, yes, there are of course dollars to be paid by the buyer, but nowhere near what you are stating them to be. The supposed fixed percentage of maintenance costs you are referring to for property owners here in the United States, well, that is also not 1%. In fact, in many, if not in most cases, there are no “maintenance costs” per se, except for normal maintenance of the property unless it is a condominium with a homeowners association which takes care of maintenance on the exterior. But regardless, there is no such thing as a fixed percentage involved in true maintenance, and those are highly unlikely any higher here - even here in California - than in Italy. And here, they certainly are very unlikely to include any more headaches, than in Italy. Further, there are so many variables and scenarios in Italy as far as property taxes go that it’s virtually impossible to compare. But if you make such a comparison, you would have to run that comparison way into the future so that you properly amortize and take into consideration the various taxes that you would have to pay in Italy.
Lawyer says you should hire a lawyer. Surprising.
Hi I'm currently living in Canada and I have Italian Citizenship and looking at buying either an apt or house in Italy. I heard that squatters or people might break in and occupy my home.. If this would happen what are my rights... Thank you Camillo
Call the Mafia!
Italy never change and don't give away your soul to anyone.
How much would I have to pay for a lawyer, an English speaking one, to negotiate the purchase?
Hi. How to deal with agent who lie to you in Italy please ?
In Italy lying is encouraged
@@relocatetoItalyIt sure is
Thank you so much for all the information. I'm very interested in speaking with Attorney Marco Permunian. I'm first generation American, and all my family is from Italy, so I'm interested in dual citizenship and buying a home. Please can you offer an email?
Sure! Info@italiancitizenshipassistance.com
Why do you buy an apartment in Italy?! In America we only rent an apartment! So what if I only wanted to rent a place to live what would that be considered to be!? An apartment or a home!?
That’s incorrect, many folks do not rent. I own my NYC two bedroom apartment, so does my sister and a whole lot of other folks. If I sell it, it’s easily worth $400K
@@gracekarina7186 so the comment I made was about buying an apartment! Down here in Texas I've never met anyone who bought their apartment. That's news to me! Glad you bought an apartment because at least like you say you can sell it and get your money back and then some! Buying is always a smarter investment I think.
I love Italian men. Thank you for posting.