Normally the rules and procedures for purchasing are as follows:
- The agency of Pegasus will provide the interested client with a technical report and all the documents necessary for the evaluation of the building regulations, local regulations and generai standards of the property. They will also inform the buyer of any existing conditions or other points which could influence the choice of property.
- Preparation of the offer. The agency prepares the offer, on the buyer's behalf, which is then presented to the owner with payment conditions and the amount offered.
- If the offer is accepted by the owner, the agency will prepare the preliminary contract, the 'compromesso', where all the terms and end conditions, price, means of payment, date of notary contract will all be detailed. This contract will be registered. Normally, when this contract is signed, the buyer pays the owner a deposit which will ensure that both the buyer and seller will respect ali the terms agreed. The deposit, once paid, aets as a warranty and, unless both parties subsequently change their minds, will not be returned. The amount of the deposi t changes according to different areas, but is normally between 10% and 30% of the total purchase price.
- Within the date agreed in the 'compromesso' the final notary contract will be completed and signed, and usually the balance of payment will be made on the same day. The buyer can choose a notary he prefers to use and pays for all the necessary expenses incurred (notary fee, purchase tax, etc).
- By the date of the final contract the owner must normally present all the necessary documents relating to the property. In this phase, Pegasus real estate will verify and check that everything has been done property and that all the conditions have been met, and will ensure that the sale is properly completed.
- Taxes for the purchase of the property are different depending on the type of property and its fiscal status at the time of the purchase; however, usually the most common percentages are: 2% for the purchase of a building intended for habitation as long as it is the owners first property in Italy, 9% for the purchase of the building intended for habitation without the benefit of being the first property. Usually, for agricultural land the percentage is 15%. ( Update law 01/01/2016)
- The necessary expenses for the purchase of a property are normally: fee for the notary for the contract, fee for the estate agent, registration tax and various taxes on the price 'declared' on the notary contract (see point 6), cost of eventual researehes or particular reports on the property.
From 1° January 2012 properties advertised will be declared the energy class they belong to that part of the "A +", which corresponds to properties with minimum energy consumption, according to the classes "A", "B", "C", which have low fuel consumption energy, up to class "D", "E", "F" and ending with "G", with properties intermediate and high energy consumption.
Are exempt from this certification, the property under construction and not yet completed, while for older apartments or houses in a poor state of repair dilapidated, the owner can use a self-certification stating that the house or apartment covered in class "G " that is, with high energy cosumption.