We are currently negotiating the sale
We are currently negotiating the sale of property in Tuscany. The prospective buyer is a US citizen and US resident as are we.
We would like to structure the sale so that the $$$ purchase transfer would be between the buyer’s US bank and our US bank in $$$. This reduces the cost of currency exchange and transfer fees. The buyer would pay all costs incurred by the transaction in Italy in €, notary fees, taxes, paper shuffling fees, etc.
Question is what verification is necessary to satisfy the Italian notaio that the $$$ is transferred from buyer to seller and by what “agency;” US bank, escrow company, attorney, or ???
Any suggestions? We would think this has been done many times in one form or another.