It is now widespread practice in real estate agencies, when drafting a preliminary purchase and sale contract, to search for, produce and attach a whole series of documentation to guarantee the "goodness" of the property purchased, but above all to protect the "weak party" in a real estate transaction which is notoriously the buyer; Let's see which of this documentation is best to get from the agency:
“Deeds of provenance”: i.e. the “title” with which the seller came into possession of the property (deed of sale, inheritance, donation, etc.).
Mortgage inspection at the Real Estate Registry: this type of inspection allows on the one hand to identify the real ownership of the property (by comparing the data with the previous point) and on the other to ensure that the property is not subject to prejudicial mortgage registrations and registrations.
Land registry survey: although it is not probative for ownership purposes, it provides a useful series of information such as the land registry identification of the property and the income which constitutes the tax base for taxes relating to the property.
Cadastral plan: it is good to have this type of plan and not other types (except for properties under construction) because if you notice discrepancies between the drawing and the real state of the real estate unit it means that there is something wrong and that it is better to investigate further.
Building concessions - amnesty concessions: the property, in addition to having to correspond to the cadastral plan, must comply with the concessions issued by the municipality which is good to see; if work has been carried out which is not only aesthetic improvements, but also moving walls or other things, it is a good idea to ask the owner to provide "proof" that the work has been authorised; this proof could be a building permit, or an amnesty grant if the work had been carried out without authorization and "condoned" at a later time.
Certificate of habitability: this constitutes a further guarantee regarding the property and it is best not to always assume that it exists, even if the property is not recent; there are particular cases where there is no habitability, and in this case the Notary will hardly be able to sign the deed.
Tax return: to be "sellable", the property must have been declared in the seller's latest tax return.
Condominium aspects: it is good to have an idea (preferably a statement drawn up by the condominium administrator) of the management costs; but it is also a good idea to make sure that no expenses for extraordinary maintenance have been decided, or are being decided, as the cost could fall on the buyer. As you can see, there are many aspects to look into before signing a preliminary purchase and sale contract (there are still others) and your trusted real estate consultant will certainly be of help in this, but at the basis of everything you need to remember one simple thing, namely that a property should not be purchased "with the heart", but "with the head".
source: edited by Paolo Padovani
Grimaldi Padua
Padua - 35137 - Via G. Matteotti, 27
e-mail: padovacentro@grimaldifranchising.it
Tel. +39 49 663 033 - VAT number 05301660287
Grimaldi Cadoneghe
Cadoneghe (PD) - 35010 - Via G. Franco, 2/A
e-mail: cadoneghe@grimaldifranchising.it
tel. +39 049 88 736 56 - VAT number 05322440289