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The documents necessary for the purchase and sale of a property in Italy are those certifying the ownership (notarial deed of purchase, declaration of succession, etc.) and the urban planning regularity of the property (cadastral plans, hypo-cadastral records, references to the urban title) , energy performance certificate, etc.).
The preliminary is a contract with which the parties undertake to stipulate the final deed of sale (so-called notarial deed). It must have the same form and the same contents as the notarial deed that will formalize the sale. The preliminary must be registered with the Revenue Agency within 20 days from the subscription date. Registration is intended to give certain date to the preliminary.
The Energy Performance Certificate (APE) is a certificate, drawn up by a qualified technician after inspecting the property, which allows you to have all the information on how a building was built in terms of thermal insulation and energy consumption . It is valid for 10 years. On average, the fee requested by the professional for this service amounts to about € 200.
The cadastral plan sheets may sometimes not be updated to the actual situation of the property for various reasons: they are very dated or works have been carried out and have not been updated anymore. It is possible to update them by contacting, privately or through an agency, a qualified technician (surveyor or architect) who will make a study of the property and update the land registry files. Updating is mandatory by law so that a sale is possible. On average, the fee requested by the professional for this service amounts to about € 300.
The real estate agency is paid a commission usually equal to 4% plus 22% VAT at the time of acceptance of the purchase proposal by the seller. The commission includes the typical agency services (e.g. promotion and visit of the property, etc.). For extra services there is only a refund of expenses.
The services offered by a real estate agency are manifold: advertise the property through sector web portals, make it visit to potential buyers, etc. In general, the agency follows and protects customers, both sellers and buyers, in the various and sometimes complex steps of the sale, from the assignment of the assignment to the notarial deed. The real estate agent acts as a "third party" in the deal and has the burden of checking and verifying that the negotiation is carried out in compliance with the law.
In order to sell a property, the heir who intends to accept the inheritance must necessarily formalize acceptance with a notarial deed. After 10 years from the death of the deceased no one will be able to claim rights on the property.
The real estate agent, as already mentioned, protects both the seller and the buyer. To protect the buyer, the agency checks all the documents relating to the chosen property, verifies its legal and town planning regularity and provides any information that may be of interest to the buyer once he becomes the owner.
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