Here you go:
I never took a seminar I did all the research myself. When I finally found something I liked I forwarded over to my cousin who is a lawyer and she tweeted it to include if building is more then 3 months late in completion I will receive a 20,000.00 euro refund. It was very clever on her part considering the covid could delay construction.
Almost forgot - no the kids did not have to be present and the notary takes care of all the arrangements. It’s why he’s so expensive.
Good afternoon to you - I didn’t use an agent and was able to save myself the fee. I did however look at different websites to get an idea of prices of homes for the area in the Pescara region. We had started looking in small towns and my husband was pretty insistent that he wanted to be close to the sea. We choose Montesilvano on Lungomare right on the water. So you open up your door and can have coffee facing the sea with no obstructions. Montesilvano coast is quite beautiful with bike and running trails and cafes right outside your door. We also wanted access to very good restaurants and trattoria’s. They are building quite a few new builds as the town is expanding and I was to negotiate on the cost. Now just have to factor in the cost of adding the kitchen cabinets and bathroom cabinets and furniture. As in Italy cabinetry is not included in the purchase.
I just purchased a property in Montesilvano Pescara - it’s right on the beach and decided to go with a new build as to avoid any beauracy in dealing with permits and also would like to avoid any mould issues that are quite common in older homes by sea. Yes it was more expensive and yes being a 2nd home you are going to pay a 10%vat tax on new property. I also ensured I purchased a home with a A4 rating in regards to efficiency as we all know everything is imported in Italy and fuel costs are huge. I did purchase a condo as I’m not a resident and only plan to use for 1 month a year and rent out remaining time. Besides the initial cost of the property (and keep in mind I’m from Canada - the euro at this point is quite high, the condo fees are only 60.00 euros a month. Huge difference from Florida were my husband and I thought to look where the fees for a similar two bedroom two bath condo were starting at 900.00 us a month.
I am fortunate enough to have relatives living in Italy who are lawyers and were able to review the contracts and make all necessary changes. A lawyer is a must and you will also require a Notary to lose the sale. We plan on having our children’s name on the deed to avoid transferring over and avoid having them pay an inheritance tax. If anyone has any questions, don’t hesitate to contact me. Looking forward to this pandemic coming to an end so that I can enjoy my new purchase.