Ensuring Your Purchase of Italian Property Runs Smoothly and There Are No Legal Delays
When purchasing any property it is essential that you’re in close contact with all parties involved, in particular the lawyers and estate agents. When you live in another country and try to make the purchase of Italian real estate, the whole process becomes a lot trickier to say the least. That is where Italian Real Estate Lawyers help and guide overseas clients, regardless of their country of residence.
Our firm specialises in the remote purchase of Italian property on behalf clients who live overseas and will need specialised lawyers to act on their requests and in some cases act as the client with powers of attorney.
Before we initiate the property purchase process, our client needs an Italian Tax Code: an alphanumeric code assigned to all Italians at birth and anyone who comes to live and work in Italy will probably need one, whether they are Italian or not. Requesting and obtaining an Italian Tax Code is quite easy also for non-residents.
Foreign citizens can apply for free to obtain an Italian ‘Codice Fiscale”:
- At any Italian diplomatic or consular representative/office (even if it takes a little bit longer)
- Or, alternatively (the fastest way), the application can be filed at any Italian Revenue Agency office directly by the person concerned.
In both options, we assist and help our clients to obtain an Italian Tax Code.
Property Purchase Process
The purchase process of Italian real estate is a complex procedure structured in three main stages:
- The Purchase Offer or the Reservation Offer,
- The Preliminary Contract of Sale and
- The Final Agreement (you can find a detailed description of each phase in the section “Property Purchase Guide”).
The entire process will involve five or more individuals, whom each play a part in the transaction:
- The Seller
- The Buyer
- The Real Estate Agent (if present)
- The Notary
- The Property Lawyers of both the buyer and seller.
Our role within the property purchase for our clients is extensive and encompasses the full range of requirements to complete the property transaction, especially helpful for those that are not familiar with Italian Law and the Italian property market.
We take care of the legal aspects of the process, we help clients overcome language barriers by taking care of any legal documents related to the purchase of a property in Italy (Power of Attorney, Preliminary Contract of Sale, Contract of Sale, etc.), by translating documents and certifying legal translations (e.g., contracts, deeds, vital record documents, divorce decrees, dual citizenship documents, technical reports, etc.), and providing the legalization for international use of any foreign documents involved in the process (legalization through the local consulate or Apostille Seal).
In summary, clients who use are our services are able to complete the entire property purchase in a timely manner, which in turn allows them to enjoy their new property as soon as possible.
We find that we are able to move from the Preliminary Contract to the Final Agreement, regardless of the type of property involved within a month.
There are exceptions to this, notably when the properties are more expensive and there is a requirement for extensive searches and additional care is required. Likewise, if the property being sold is co-owned by two or more parties, then this will complicate matters and consequently slow down the process.
If you have any questions relating to purchasing an Italian Property, please do not hesitate in contacting our team of experts.