A rare opportunity to purchase a beautifully renovated house 'Casa Fortino' in the unspoiled region of Basilicata. The property is in the historic town of Irsina, near Matera, European Capital of Culture 2019.
BUYING GUIDE TO ITALY
The three main buying stages.
- The Offer 'Offerta' The property buyer makes an offer, which commits him/her to buying the property at the given price. Once the offer is accepted and the buyer notified of its acceptance, in strictly legal terms a contract already exists. If the seller accepts, a deposit 'Caparra' (usually 10%) is paid.
- The Preliminary Contract 'Compromesso di vendita' Both parties sign a legally binding buying proposal. This acts as a template for the Deed of Sale containing the same key elements: i.e. the identities of the buyer and the seller, a detailed definition of the property with Land Registry references, the price agreed, the terms of payment, any special conditions and a time limit for completion. Miss Francesca Cantatore will prepare this contract for you, in Italian and English, with the aid of our legal consultant. Note: Should the seller withdraw, they must pay the property buyer double the value of the deposit. If the buyer pulls out, he/she loses the deposit
- The Deed of Sale 'Rogito' On completion, both parties sign the final contract (rogito) in the presence of a Public Notary who is an impartial public official, who then issues the deeds and informs the land registry to transfer ownership. The remainder of the balance, plus all taxes, must then be paid at this point
Special Power of Attorney is available for buyers that can't be present at the Deed of Sale.