Can you explain the purchasing process in Italy?
1. After price negotiations, a purchase proposal is drafted. This proposal will include information such as the terms of payment, the validity period of the offer, and will include a check written out to the seller.
2. Once the seller has accepted the purchase proposal, a preliminary contract is drafted. This is a technical document that binds both parties to complete the transaction by a given date.
3. After the notary has done the verifications, the final deed is drafted. This document is accompanied by other necessary documents and certifications. After the final deed is signed, the property can then be immediately handed over to the buyer.