Buying a home is certainly one of the most important and exciting moments of our life.
Home is very important to us. It is a very expensive but fundamental asset, for many people a difficult goal to achieve, through long mortgages and hard sacrifices.
It is not just an object for us. It becomes our refuge, a place of sharing, of important emotional relationships. It is a place where each of us can feel safe.
It is the place where each of us spends situations that deeply mark our being.
We grow fond of the house and take care of it because taking care of the house is a bit like taking care of ourselves.
Research is the first important step to take when deciding to buy a new home.
When you decide to start looking for a property, it is good to have focused on some fundamental aspects. That is: type of property, the area and a maximum budget that you intend to spend
These points will be very important especially when you decide to contact a Real Estate Agent. So before starting your search, try to focus on your needs to understand what type of house you need and in what area.
The more precise your requests will be and consequently the more precise the offers you will receive from the real estate agents.
Or you can choose the most comfortable and interesting solution, that is, to appoint a PERSONAL PROPERTY FINDER. HousesInPiedmont is one of the first groups to offer this service in Italy. Who is the Property Finder? He is your personal real estate agent, appointed by you to find your ideal home. If you are interested in knowing you will find everything at this link.
Once you have identified your ideal home, it will be time to sign a purchase proposal through your agent.
What is the Purchase Proposal?
The purchase proposal is a declaration signed by a buyer with which he expresses his will, towards a seller, in wanting to buy a specific property at a certain price. Everything is done through a Real Estate Agent and also accompanied by a sum of money which, in the event that the Seller accepts the proposed conditions, will automatically become a deposit.
We must be well aware that when you decide to sign a purchase proposal you are in effect signing a real contract both towards the Seller and towards the Agency.
Therefore this step must be taken when you are sure you have found the right house in all respects.
Once the agreement between the Parties (Buyer and Seller) has been found, it is good use by the agents of Houses In Piedmont to have a further more detailed private agreement signed, i.e. Compromise 8 or Preliminary Sale and Purchase Agreement), especially in cases where the Deed will not be made in the short term.
The notarial deed is the last phase necessary to realize the definitive transfer of the properties.
It must be drawn up by a Notary, or a public official, who will make legal proof of the facts and legal acts that occurred in his presence by the Parties, will authenticate the signatures and will transcribe everything on the public real estate registers.
The Notary must be chosen by the Purchasing Party which will also have to bear the costs.
Once you have identified the house to buy, our agents will provide you with a detailed estimate of the total costs to be incurred for the purchase.
In addition to the purchase price to be paid to the owner to buy a house, the following must be taken into account:
– The real estate agent’s commission. The Agent will be entitled to his remuneration from the moment in which he concludes the deal, more precisely, at the moment in which he notifies the Proponent of the acceptance of the purchase proposal by the Seller. However, it is common practice by Agents to request payment of the fee at the same time as the agreement is signed. The commission obviously varies according to the purchase price and the type of property and service that is offered to you.
– Expenses for the registration of the preliminary sale (€ 200 + a minimum of € 32 revenue stamps + 0.5% on the deposit + 3% on any deposits paid)
– Notary’s fee (It varies according to the purchase price. Therefore it will be necessary to request a quote from the notary chosen)
– Registration tax. Taxes will be paid on the day of the Notarial Deed through the Notary and to quantify them it will be necessary to identify the property to be purchased and to determine its cadastral value and above all it will be necessary to establish if you can and intend to take advantage of the “FIRST HOME” subsidy.
If you take advantage of the first home advantage, the deed of sale is subject to the following taxes:
if the seller is a private individual
registration tax of 2%
fixed mortgage tax of 50 euros
fixed cadastral tax of 50 euros
If the seller is a construction (or restructuring) company, subject to VAT
4% VAT
fixed registration tax of 200 euros
fixed mortgage tax of 200 euros
fixed cadastral tax of 200 euros
If the seller is a non-construction company or is purchased from a construction (or renovation) company more than 5 years from the completion of the works not subject to VAT
registration tax of 2%
fixed mortgage tax of 50 euros
fixed cadastral tax of 50 euros
If you do NOT take advantage of the first home benefit, the deed of sale is instead subject to the following taxes:
if the seller is a private individual, or a company that carries out a transaction NOT subject to VAT
registration tax of 9%
mortgage tax of 50 euros
cadastral tax of 50 euros
if the seller is a company that carries out a transaction subject to VAT
10% VAT
fixed registration tax of 200 euros
fixed mortgage tax of 200 euros
fixed cadastral tax of 200 euros