Purchasing a property in Italy – When can your purchase offer be considered a legally binding agreement?
If you are in the process of searching for your new home in order to retire to Italy, it is important for you to fully understand what are, from the perspective of the Italian law, the legal implications of a purchase offer, also taking in to consideration the way it is submitted. What form should the proposal and its acceptance take in order to give you the right to buy the property? Would a verbal proposal be valid? What about the Real Estate Agent? When is their fee due? These and other useful questions are answered in this article regarding the regulation of reservation offers in the Italian real estate market.