Let’s elaborate on the term” Italian homes for sale” if you want to make the sale of your Italian homes easy, we are here to guide and help you to sell your property. We will help you in some ways and reasons that you can know from this blog. This blog will help you to solve your queries that you will know in upcoming paragraphs. Here, before make yourself eligible for homes for sale, you should read our blog. Moreover, you must be thinking: How To Sell Homes In Italy? How Long Did It Take To Sell A Home In Italy In 2020? In what ways COVID 19 Is Impacting The Sale Of Homes In Italy? How Real Estate Diary Can Help You Selling Property In Italy?
According to the recent report of the Italian market analyst firm Nomisma, 603000 sales of homes were registered in 2019. In 2020, Nomisma estimates that there will be a decline in sales of homes from around 40000 to 110000. This is because of the coronavirus. Without the coronavirus, Nomisma had expected 613000 sales of homes this year.
How To Sell Homes In Italy?
The sale of Italian homes is a difficult and expensive but important stage. The consumer who undertakes this should be aware of the many difficulties that are in connection with it.
Firstly, you have to decide whether to avail yourself of a real estate agent or handle it themselves personally. If you do it personally, you will save the real estate agency commission. But remember, it also makes it harder to find a buyer or a home to buy. By the way, if you find a buyer, deciding the price is also the next difficulty that you will face if you do it personally. By chance, if you sell lower price to your home in Italy, it will be not good for you. This is because it is not easy to make a home easily. Many efforts that you need do to build your home. But, selling depends on you.
Thus, you need to take the help of a real estate expert. By the way, if you confuse about deciding real estate expert, we will guide that you should choose our company: Real Estate Diary. Our company has a team of highly skilled experts. At Real Estate Diary, we will guide you best rate at which you should sell to the buyer. We will help you to find a buyer as well. Hence, choosing us is your best choice.
Secondly, you should always stay alert to avoid stress while selling your home and missing out on a great deal. This leads you to make commitments and sign contracts too quickly. Lastly, you should pay attention to rules important for signing a private contract between seller and buyer. This protects you from possible risks. Hence, you should focus on all these ways.
How Long Did It Take To Sell A Home In Italy In 2020?
After knowing the ways of how to sell your property in Italy, you should know How long did it take to sell a home in Italy in 2020? If we would like to talk about time, to be honest, it depends on the person-to-person case. Let us explain different cases that will clear your doubt about timing.
- Firstly, if you sell your home without a mortgage (cash payment), the home is empty. Moreover, the documents of the house are in order. Then, it will take 2 months from the date you officially declare that you want to sell.
- Secondly, if selling with a mortgage requested from an Italian bank, the home is empty. Moreover, the documents are in order. Then, it will take 4 months from the date you officially declare that you want to sell.
- Thirdly, if selling without a mortgage (cash payment), the home is empty. But, the documents are not in order of the home. Then, this depends on the extent of the issue to be solved; it will take up to 6 months. Consequently, remember one thing, in case if you have funds in a currency other than Euro, you should arrange the money transfer to Italy.
In What Ways COVID 19 Is Impacting The Sale Of Homes In Italy?
You should know after knowing the timing that How COVID 19 is impacting the sale of Italian homes? The selling market is being hit because of the coronavirus that is going to get worse than last time. In Italy, a considerable increase in house sale was registering in the months before the lockdown. This is because of the willingness of Italian banks to provide loans, low-interest rates. Some good deals are available in Italy at that time. Unexpectedly, the real estate market suffered a bid decrease in March. While there is some expectation of a considerable fall in Italian homes prices, it is overstated. Houses prices will indeed fall. Most predictions point to price falling by 1.3 to 4% in 2020/2021. Then, these prices will again increase in 2022. However, no one knows about the future. No one knows that they would face problems with this pandemic.
Another COVID 19 Impacts On Sale Of Homes:
Interest from foreign buyers has decreased. This is because of economic uncertainty and the closing of borders. This has impacted potential investors. The social distancing situations have made the situation worse for sellers. The majority of the transactions have been put on hold for the time being. Some prospective buyers have pulled out negotiations completely, even where a verbal contract had already been made with the seller. Hence, in the above ways, COVID 19 has impacted the sales of homes in 2020 in a bad way. However, if you are taking the help of a Real Estate Diary to sell your Italian homes, you will get countless benefits. Let’s take a look at the important benefits of using Real Estate Diary experts in Italy.
How Real Estate Diary Can Help You Selling Property In Italy?
One of the benefits of being helped by Real Estate experts concerns the documentation and paperwork related to the property. This becomes an element of difficulty with the risk of getting lost in government tasks. This is especially for those who sell their house personally because of a lack of experience in selling homes. But, Real Estate Diary experts will help you to get your head around. At Real Estate Diary, we will carry out a series of checks to ascertain the possible presence of mortgages. We will also be acquiring information about origin. We will do correct property valuation, verify property data.
Moreover, we will do management of the relationship between clients and toward public notary. Unlike other companies, we will also guide you on how to sign a proposal in written form. By this, we will able to guarantee services. This helps to maintain the relationship between you and us. Consequently, by these ways, you will get the help of a Real Estate Diary.
Conclusion for Italian homes for sale:–
By looking at all above these doubts, you will get information to make the sale of Italian homes. From first doubt, you will know ways to sell the home. Moreover, from the second question, you will know the proper timing of selling the home. From the third query, you will know in what ways COVID 19 has affected the selling market in Italy. And last, our company will help you to sell your Italian homes. By focusing on all these, you can easily sell your home in Italy without any doubt.
Frequently Asked Questions:
Can a foreigner buy a house in Italy?
In Italy, there are no restrictions on international people buying a house. You can buy anything if your money is officially documented. Unfortunately, mortgage loans are not a choice, as Italians do not give mortgages to foreign buyers.
Is Italy still selling homes for $1?
Yes, Italy is still selling home for $1. Italy continuing clearance sale of $1 houses has been ideal for people who are searching for starting a new life in some of the nation’s far-flung corners.
Are homes in Italy expensive?
Yes, homes are so much expensive in Italy. This is because Italians have a very high population density per square kilometer, as well as laws that seek to save the environment by preventing the devastation of the green areas. This means that the building land is decreased even more and this raises the cost.
