Once the purchase price has been agreed upon, proceed to finalize the sale and closing process.
Sign the preliminary sales contract (compromesso) and pay the deposit (caparra confirmatoria) to secure the property.
Coordinate with your lawyer to review the contract, conduct title searches, and ensure all legal requirements are met before proceeding to the final deed of sale (rogito).
After completing the purchase, register your ownership with the local land registry (agenzia del territorio) and obtain the necessary permits and certificates.
Transfer utilities and services into your name, including electricity, water, gas, and internet, to ensure a smooth transition to your new property.
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Review and Sign the Contract
Review the final contract drafted by your real estate agent or legal advisor to ensure that all agreed-upon terms and conditions are accurately reflected.
Verify the purchase price, payment schedule, deposit amount, closing date, and any other provisions included in the contract.
Once satisfied, sign the contract and provide any required documentation or signatures to formalize the agreement.
Pay the Deposit
Submit the agreed-upon deposit (caparra confirmatoria) to the seller or their representative as a sign of good faith and commitment to the transaction.
The deposit is typically held in escrow by a third-party escrow agent or deposited into a designated escrow account until the closing date.
Ensure that the deposit amount is transferred securely and in accordance with the terms of the contract.
Arrange Financing and Mortgage
Finalize your financing arrangements and mortgage approval, if applicable, to secure the necessary funds for the purchase.
Coordinate with your chosen lender or financial institution to complete the mortgage application process, provide the required documentation, and obtain loan approval.
Ensure that all financing conditions are met before the closing date to facilitate a smooth transaction.
Conduct Final Inspections
Schedule final inspections of the property to verify its condition and ensure that any agreed-upon repairs or renovations have been completed satisfactorily.
Walk through the property with your real estate agent or inspector to identify any issues or discrepancies that may need to be addressed before closing.
Confirm that the property meets your expectations and is in the agreed-upon condition.
