Can I take advantage of the immovable property tax exemption when buying real estate if I am not an Italian citizen? Yes you can, the benefit applies to residents of the first home, regardless of citizenship.
How can I get my money back if for some reason the deal doesn’t go through? The money is automatically refunded by the bank, if within three days from the appointed date of the transaction, the notary has not provided the sale contract.
How can I get my Advance back if the landlord changes his mind about selling the property? The deposit is held in a bank escrow account until the Purchase and Sale Agreement is signed and is returned automatically as soon as the bank receives the seller’s notice of refusal to sell the property.
Can I get my Advance back if I change my mind about buying the property? No, the deposit is not refundable if you decide not to buy the property, it is transferred automatically to the seller, minus the agency costs.
Within what period of time is the transaction assigned, from the date of receipt of the Advance to the deposit account of the bank? The date of the transaction is fixed by agreement of the three parties (seller, buyer and notary) and written in the “offer to purchase”. As a rule it is not more than 60 days.
