Published by carratelli4 years ago

Buying a home through a real estate agency is an excellent solution for those looking for their dream home but don't have enough time to dedicate to it, and for those who want to be relieved of the bureaucratic hassle.

Buying a house through an agency It's an excellent solution for those looking for their dream home but don't have enough time to dedicate to finding it, and for those who also want to be relieved of the bureaucratic aspects.

 

What are the duties and procedures that an agency will have to submit?

- must always define the various agreements in written form;

- must specify any mortgage registrations or liens;

- must use the forms made available by the Chamber of Commerce for the stipulation of the various contracts;

 

How much does a real estate agency cost?

 

The commission to the real estate agency  It's subject to the free market, typically 3-4% of the transaction, but it can be negotiated. This also depends on the type of work the agent performs. The commission terms and payment methods must then be agreed upon in writing.

 

It's important to know that the commission is shared by both the seller and the buyer, if they work with the same real estate agency.

 

What is the procedure?

 

Once you have found the house of your dreams, the agency will ask you to sign a irrevocable purchase offer, that is, a declaration of willingness to purchase by the customer at a given price and in a certain manner.

 

The proposal to purchase a house has a limited time validityDuring this period the seller can accept or refuse and will be free to look for other buyers, while the buyer, if he does not withdraw the offer within the irrevocable deadline, is obliged to purchase the property if the seller accepts the offer.

 

If the seller accepts the proposal, the next phase begins, that of the compromise. Through it, the two parties stipulate an agreement that commits them to complete the purchase and in which the conditions of purchase are indicated; the latter will be perfected by the notarial deed of deed.

 

So, the purchase proposal It helps the seller identify those individuals seriously interested in purchasing and helps the agency formalize the buyer's interest in some way.

 

With the irrevocable purchase proposal the buyer is required to pay a check Made out to the owner/seller. In fact, the purchase proposal is also called a promise to buy, and the substantive promise is the check left as a deposit, which will then become a confirmatory deposit during the preliminary agreement or final deed.

 

Before signing the irrevocable purchase proposal, you must check the following:

- the exact identification of the owner and the property being sold;

- the absence of any constraints (e.g. mortgages, building violations, urban planning violations, etc.);

- any sum left as collateral;

- the price of the property offered and the subsequent terms and methods of payment;

- the deadline by which the seller must accept the offer.

 

All these conditions will be verified by a real estate agency if you rely on it.

 

As previously mentioned, the seller is not obligated to accept the purchase offer, but if accepted in writing, it becomes binding on both parties, who must proceed with the real estate sale. In fact, the purchase offer can have the same legal value as a preliminary agreement. Often, the purchase offer is registered with the Revenue Agency, but the preliminary agreement is not executed, proceeding immediately to the notarized deed. If the seller rejects the offer, the potential buyer is entitled to a refund of the advance payment without interest.

Carratelli

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