The Buying Process
An irrrevocable purchase agreement is signed by you and the landlord when you have agreed the price in order to identify both parties, the property, and also gives an expiry date for signing the Compromesso. When you sign, you pay a deposit for the equivalent of 10% (that can vary) of the agreed price.If you change your mind you will fortfeit the deposit, as the owner will have taken the property off the market for a certain period of time. If the sale does not go ahead in the specified date through no fault of your own, then your deposit will be returned to you.

Then the Compresso contract establishes the terms and conditions of the final contract (Rogito) and details price, date for completion, the nature of the property and guarantees from the landlord. It may also include any other relevant legal details.
You will be expected to pay a deposit at this stage (Caparra). It is important to note that if you withdraw from the sale after signing the Compromesso, you lose your deposit.

Then the Rogito is the final stage of the process and transfers ownership of the property from the landlord to you. The document is drawn up by the Notary (Notaio) where the signatures between all parties takes place.
Notary fee – payable when you sign the final contract;

As well as paying the balance for the property, the buyer must also pay:
Purchase tax (For new properties) – which is either 4% if the buyer purchases the property as his first residential home in Italy and applies for residency in the local area, or 10% if the foreign buyer already owns property in Italy or does not wish to apply for residency. Please note that the tax is calculated on the declared value of the property and not the purchase price ie. on the value stated in the building registry. The declared value of land is extremely low, unless it is valuable land such as olive groves or building land;
Running costs of your property might include:
Condominium expenses – if you buy a property which is part of a group of properties which share some communal areas – gardens, driveway, swimming pool, tennis court etc. then you will be required to pay condominium expenses;

Our agency fee is 3% of the purchase price of the property and includes all transactions, administration fees and supervision of the entire process.

Beware the agencies that do not work through italian laws and that are not registered in the chamber of commerce of the province where they are
located. Also please note to always ask for the (Ruolo of Agenti in Mediazione Number) which gives the agents the right to act on behalf of the buyers, the landlords and thirdparties. It is the number given to registered agents.