Tag: how to buy a 1 euro Italian house

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All Of Your Italy Property Purchase Questions ANSWERED!

1 Euro Italian House
Italian Balcony

Hi Guys!

Chris here from Super Savvy Travelers!

If you are not familiar with us, please check out our YouTube channel for amazingly informative videos all about purchasing property and moving to Italy. Almost every single day we post new content designed to turn you into a Super Savvy Property Purchaser/Owner.

And every single day I receive emails asking specific questions about the process of finding a home, purchasing a home and all of the tiny details that go into making your move and finding your dream.

And in the process of communicating with you, I have found that certain specific questions come up over and over.

For this reason Pete and I put together a super comprehensive course which if studied well, will give you a huge increase in your level of understanding and more importantly, will give you the things to watch out for.

Italian real estate is very different from American real estate.  The laws are different, the process is completely different and there is a certain level of due diligence that is required on the part of the buyer. If you do not know these things you can be bitterly disappointed when things don’t turn out the way you pictured them.

Pete and I purposely sell this course for a ridiculously low price considering the amount of data you get. We are doing this to protect YOU and educate you so that you know what questions to ask and what to expect. Honestly we could ask twice the price and it would still be a massive value.

Here is a brief outline of what is on our course:

  1. Welcome and what you will  learn in the course
  2. Where will you live? An overview of the regions of Italy
  3. Earthquakes, medical facilities and transportation to and from
  4. Deciphering the energy efficiency ratings on real estate listings
  5. How to choose your agent
  6. The necessary documents you need to have ready for your purchase
  7. How to obtain an Italian mortgage
  8. The Italian property purchase process step by step
  9. The Notaio
  10. Closing costs, fees and taxes,
  11. Renovations
  12. Property succession laws in Italy
  13. Working as a resident of Italy
  14. Obtaining residency step by step
  15. The Golden Visa Program
  16. How to learn the language
  17. How to move your pets
  18. FAQ’s
  19. Leasehold properties
  20. What the Heck is an Apostille?

Before you make any move on your property purchase, you NEED all of the information we have provided here.

On another note, Pete and I are rolling our our Remote Property Purchase Program soon. We already have several people signed up so if you are interested in taking advantage of the crazy Italian property market right now but are frustrated that you cannot get over there, shoot me an email and we will put you on the list! info@supersavvytravelers.com

Ciao! See you in Italy!

 

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More Truth About 1 Euro Italian Houses

Italian hill town
Italian hill town

Ciao Amici!

A couple of days ago I was searching online for more 1 euro Italian houses for my online course. I have created a special Ebook that tells you where to find them!

But I noticed that there were not many at all in Calabria so I asked our town architect and historian, Antonello Lucchesi if there were any and he sent me back some very interesting information. Antonello deals with sales and technical assistance for notarial deeds as well as handling renovations and designing beautiful houses.

Italian hill town

Here is what he had to say about it:

In Italy, the houses and land are registered in the land registry and they are identified with a number on a map.

Each home has a value which is multiplied by 126 (which is the coefficient or factor for non-residential houses in Santa Domenica Talao) and this gives a value.

This value MUST be declared in the deed of the notary, proving that payment was made by bank transfer or check for taxes to be paid to the State based on that value.

In the event that these taxes are not paid and the minimum value is not declared, the Office called the Revenue Agency can carry out a tax assessment asking to pay the unpaid taxes plus penalties and interest.

Antonello brings this to our attention so that we understand it and take it into consideration when looking at a 1 Euro Italian property, or any property, and that there are tax consequences.

While Santa Domenica Talao a supply of ruins, they are not valued at zero with the above formula so this has to be considered in the asking price of the house.

Antonello let me know that many of the houses in Santa Domenica Talao have been listed on agency websites but that none are exclusive listings. He can offer any of them at any time.

He has suggested that we work together to bring you videos and photos of these properties so that you can have a realistic idea of what they look like.

Antonello can provide floor plans and even renovation suggestions and estimates with the local builder. I think this is a great idea and we will be working on this when we arrive back in Italy.

So this is why you don’t see 1 Euro properties everywhere. It is also something ask about if you do purchase one of these properties.

I hope this helps!

XO Chris