Buying House

The purchase of the house is a very important investment.
The largest number of property transactions is accomplished through the real estate agent, whose task is to find and bring together interested parties to conclude a contract.

Proposal for purchase
The first step of purchasing a property is the wording of the proposed acquisition, important stage of negotiation as it ties the purchase proposer for the period. At the expiry of the term of validity to the proposal becomes ineffective. The proposal is usually accompanied by a deposit in the form of a check payable to the seller, who at the time of 'acceptance of the seller will deposit, or to be returned instead if the seller does not accept.
After the offeror (buyer) became aware of the irrevocable acceptance of the proposed purchase by the seller, the contract is concluded.

Preliminary sales contract
The next step is the conclusion of the preliminary contract of purchase, where parties define economic agreements the buyer paying a deposit to the seller. In preliminary contract must specify the following:
• details of the parties
• address, settlement and land register details of the property
• the price agreed and the methods of payment 
• the date by which the parties agree to conclude a notarial deed
• whether mortgage bonds
• acquisition of the remaining loan to the buyer or the 'extinction from Seller
• the origin of the property, that is, as the building came a seller's property
• the composition of the property and its accessories, common properties, appliances.. It is also importantto verify the correctness of the house construction, the presence of any mortgages or servants or any transcripts prejudicial.

Notary, compromise, final contract
The Notary is a public official from which stipulate acts of transfer of ownership.

Retirement land
The Italian financial dated 26-12-05 gives buyers the opportunity to buy a property with money totally condemned in the contract, paying taxes due solely on the pension land (valued by the state to a property) multiplied by the following multipliers: 115 for the first house and 126 on second homes.
Example: purchase of a house that has a value of € 200,000
and a retirement land of € 51,000 x 115.50 = € 58,905 = amount to be taxed 

Fees and taxes
The purchase of a property is subject to taxes, registro or Iva ( depending on the seller), the mortgage and cadastral tax. When the seller is a private taxes payable are:
- Registro 7% (3% if it is first house)
- Ipotecaria 2% (€ 129,11 if it is first house)
- Catastale 1% (€ 129,11 if it is first house).

The taxes are calculated on the cadastral income (multipliers as above).

For the purchase of building or agricultural land rates of registration are due respectively by 8% and 15%. For non -building land, the land value is determinated by multiplying for 75 the income revalued by 25%. 

They say buy the first house when you are not owners in Italy of an object assigned housing and facilities due to the first house. To have the facility must establish residency in the municipality where you buy it or engage the activity there.
Buying a first house is not required to reside inside it but gives an obligation to transfer his residence in the municipality where you buy within 18 months from purchase.
In the case of a first house purchase in addition to the benefit of the more favorable it is possible to download on your tax return the interest owed by the bank (17%). 

The taxes (registro, ipotecaria e catastale) are paid by the notary at the time of registration.

Mutual in Italy
The amount of mutual depends on the income of the applicant and may be granted the full extent of a rate equal to one third of the monthly income of participants to the purchase. If the applicant has other financing (car, furniture ..) these go extinguished before granting the loan. Should not exist on the part of the applicant proceedings negative suffering banking.