hi i am in the process of selling

darrenw Image
11/03/2017 - 06:51

hi i am in the process of selling my italian property.  i really dont know what process to expect form the Imobilare and from the italian solicitors.  would the imobilaire deal with the transfer of uitlies to the new person ?  as i dont speak italian it makes it harder to communicate with the imobilare. ! also, does anyone know the best way to get the money from Italy to the UK - such as a company that will give you a good rate, i have tired to look it up, but all websites are assuming that you are transferring money between accounts not that the money is coming from the sale of property.thanks 

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I doubt many UK agents would transfer utils, but oddly enough ours (the sellers) agent did! As to money, I'm sure the bigger FX companies would deal with any such transaction, but you likely need to get an idea of their cost against the UK banks (absolutely sure FX will be better). Also look at companies like Transferwise and Currencyfair, although I'm sure they will have much lower one off limits. A final option would be to open a Euro account with one of the UK banks. Sounds daft, but when we did it the other way they (Lloyds) were paying a very, very good interest rate which more than covered the charges for using the account which we closed immediately when done.

Alot of agents do do utilities transfers, however they cant do certain things which require either the person or a Power of attorney.   You are selling, how?  Are you givng a POA tosomeone to act on your behalf or are you going to be present for the sale which will be translated?As to how to get your money - there are  various ways. but it must be in a way which complies with the antirecycling legislation.

Depending where your property is, you may have to terminate your water contract in person.  You need to make sure you are up to date with IMU and TARI payments, and that your closing electricty/gas bills can be paid.   If the notary prefers that you give a  POA to somone to sell on your behalf, then with prior notice the buyer can pay the POA holder who will then forward the money to you in the UK - but best that you know and trust them.  The agent cannot do this - it would have to be a third party.   If youdont have an Italian bank account you could ask the notary if you can be paid by bank transfer direct to a euro account in a UK bank - not all notaios are willing to do this, however.