For many international buyers, the Italian purchasing process initially appears complicated. Fortunately, once you understand the steps involved, it becomes surprisingly straightforward.

Let's look at the process from beginning to end.

Step 1: Agreeing the Purchase Price

Once negotiations have concluded and both parties agree on the terms, the transaction can move forward.

At this stage, the professionals involved begin gathering the documentation needed to prepare the contracts.

Step 2: Obtaining a Codice Fiscale

Before purchasing property in Italy, you will need a Codice Fiscale.

This is an Italian tax identification number used for administrative purposes. Obtaining one is generally straightforward and we can usually assist with the process.

Step 3: Signing the Preliminary Agreement

The next stage is often the signing of a preliminary agreement, commonly known as the Compromesso.

This contract records:

• The buyer
• The seller
• The property
• The agreed price
• Deposit amount
• Completion date
• Any special conditions

The Compromesso (literally 'Compromise') creates legal obligations for both parties. It is one of the most important documents in the transaction.

The Deposit

A deposit is normally paid after the preliminary agreement has been signed. The exact amount varies, but it is commonly around 10% of the purchase price.

Generally speaking:

• If the buyer withdraws without legal justification, the deposit may be forfeited.
• If the seller withdraws, they may be required to repay double the deposit amount.

This provides protection for both parties.

At this point the agent is also paid his commission, the amount that was agreed.

Step 4: Preparing for Completion

Between the preliminary agreement and final completion, various checks and administrative tasks take place.

These may include:

• Technical inspections
• Planning checks
• Mortgage arrangements
• Utility reviews
• Final documentation

Your agent, notary and technical professionals coordinate much of this work.

Step 5: The Notary Deed

The final stage is the signing of the deed before an Italian notary.

The notary is a public official responsible for ensuring that the transaction complies with Italian law. The notary's role includes:

• Verifying ownership
• Confirming legal compliance
• Collecting taxes
• Registering the transaction
• Confirming residency

Once the deed is signed and funds have been transferred, ownership officially passes to the buyer. The property is now yours.

Payment for the House

The balance of the payment - the agreed sale price minus the deposit - is paid into the notary's escrow account before the deed signing. This ensures the funds are clear and the seller can be paid. The seller usually receives the payment within a week of signing over the house.

Language and Translation

If you do not speak Italian fluently, translation services may be required. We use a notary that can do all the transaction in English. I reserve this notary only for my client.

The exact arrangements depend on the notary and your circumstances.

These details can be organised well in advance, so there is no need to worry.

Utility Transfers

After completion, utilities must be transferred into your name. This includes services such as:

• Electricity
• Gas
• Water
• Internet, etc

Many buyers underestimate how much easier this process becomes when handled with professional assistance. The goal is to ensure a smooth transition from seller to new owner. We can recommend someone to do this for you.

If you need help with this:

Get in touch

How Long Does it Take?

It is possible to get from start to finished in 2 months but the average is 3-4 months. It deepens on many things such as how quickly the owners can move out, if aspects of the house have to be corrected, etc.

The Finish Line

After months of research, viewings, negotiations and paperwork, there comes a moment when the keys are finally handed over. For most buyers, it's one of the most rewarding moments of the entire journey.

You are no longer searching for a property in Italy. You own one!

NEXT: Costs, Taxes and Ownership →