6. Final contract

Posted on Thursday, January 24, 2019

By this time, any conditions that need to be met by the sellers have already been met and any queries arising from the writing of the preliminary contract have been settled so both buyers and sellers get to meet each other around the table to sign the final paperwork and exchange pleasantries. The only check that cannot be completed until just before the final contract is the lien check. It is vital that this is done just before we walk into the notary’s office because it is still always possible that the vendors could put a mortgage on the property even if the compromesso is signed. At the final contract, you will need to pay the balance of the purchase price by a bankers draft, bank transfer or mortgage and the details of payment are written into the final contract.

The notary will need your proof of ID at the contract, so don’t forget your passport.

Buying a property in Italy can seem complex. However, the Italian Property Gallery Team have more than 20 years experience and work with expert partners in the area to ensure your buying experience is as straightforward and stress free as possible. If you would like us to talk you through any element of the buying process further, please do not hesitate to contact us.