To wire transfer you would
Submitted by stevegwmonkseaton on Thu, 08/10/2017 - 07:39In reply to A newbie all over again! by Annec
To wire transfer you would have to do so on the day, not easy and not always acceptable to the seller. This aspect has been covered here or on other forums a couple of times and Modicasa should know best as it is his job. But I believe people should have it agreed pre-contract how payment will be made to avoid confusion and ensure funds can be made available. Personally I would be looking to be paying the final amount by bankers draft, that way I have the money in my hand when I sign. Modi will no doubt tell you this may not be acceptable to the seller also. I guess you are not happy paying up front, neither would I be. If it's the agent, then get back to them and tell them so.
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Thanks Steve. Yes I have
Submitted by S.p on Thu, 08/10/2017 - 07:45In reply to To wire transfer you would by stevegwmonkseaton
Thanks Steve. Yes I have concerns regarding paying over balance now when the deed is not being signed until October. Have thought about having a bank draft on the day because it would make us feel more comfortable. There is so much too consider especially when we are not on the ground in Italy as such.
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The draft we had took a lot
Submitted by stevegwmonkseaton on Thu, 08/10/2017 - 08:22In reply to Thanks Steve. Yes I have by S.p
The draft we had took a lot longer than we thought it would and caused us some panic. So if you get to go that way I would sort it out well in advance and make sure your bank tells you exactly how and when this can be done.
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Thanks for that again Steve.
Submitted by S.p on Thu, 08/10/2017 - 08:32In reply to The draft we had took a lot by stevegwmonkseaton
Thanks for that again Steve. I hope they will accept a draft from an Irish bank. We are cash buyers so it is only a matter of drawing a bank draft on account.
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A check drawn on an Irish
Submitted by Ugo on Thu, 08/10/2017 - 10:12In reply to Thanks for that again Steve. by S.p
A check drawn on an Irish bank will not be accepted by many Italian banks, and in any case, it will become a denar, within an Italian current account, over a 45/50 day period - I, instead of a Italian seller, I would not accept it - no one can guarantee that the account in Ireland really contains the money written on the piece of paper.
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Thanks Ugo. A bank draft is
Submitted by S.p on Thu, 08/10/2017 - 10:18In reply to A check drawn on an Irish by Ugo
Thanks Ugo. A bank draft is different than a check though. You must buy the draft from the bank so it does not require money in a bank account. It is equivalent of a cash payment. I do not want to transfer all the money now 2 and half months before final deed transfer. I am surprised to be asked now. Is it normal? We have transferred 50% of house price last week as a deposit.
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I know home is a bank draft
Submitted by Ugo on Thu, 08/10/2017 - 11:39In reply to Thanks Ugo. A bank draft is by S.p
I know what is a bank draft (this is part of my job), even Italian banks know it, however they will take no less than 45 days to turn the bank draft into cash on their client's Italian account Payment, it is NOT normal to pay the full price before signing the sales act in front of the notary You talked to the notary ? Have you requested a check on the property you are purchasing? Are you sure the seller has all the titles to sell to you this property and that this is really his?
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Thanks Ugo. No the agent has
Submitted by S.p on Thu, 08/10/2017 - 10:35In reply to I know home is a bank draft by Ugo
Thanks Ugo. No the agent has arranged the notary. We made an offer, it was accepted and we signed a purchase contract and paid the deposit. All this last week. Now we are back in Ireland. I have tried to contact an English speaking Italian lawyer but it's hard to find one and am a bit in the dark.
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Do you mean that you sent
Submitted by Ugo on Thu, 08/10/2017 - 10:48In reply to Thanks Ugo. No the agent has by S.p
Do you mean that you sent money to a person you never saw, to buy a house you do not even know if it is the property of the person you sent the money ?, sorry, do not offend you ... but this is a real crazy ..You do not need a lawyer, but a notary who speaks English and who, with his professionalism, is able to control what you are paying and especially who sells that thing is the real owner - Already the fact that you are Asked to pay for everything, before going to the notary, does not make me think very well - I think it's Modi and Steven, I agree with me.If you tell us where exactly the house is, we will try to find a notary who speaks English and can help you buy the home of your dreams without any danger.I advise you not to pay any more money than you already paid.
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Now I am very worried Ugo.
Submitted by S.p on Thu, 08/10/2017 - 10:58In reply to Do you mean that you sent by Ugo
Now I am very worried Ugo.
The house is in a village called Palata in Molise. We saw the house with an agency based in Vasto called Better Property Italy. The director of the agency is Antonio Cieri.
As I said we made an offer through the agent which was accepted. We signed the purchase agreement and paid the deposit. We requested the signing of the final deed for the 30th October as we can travel at that time.
The agent organised the notary. This morning I received an email looking for the balance outstanding to be paid so they could make the appointment for deed signing with the notary.
I posted here because I have concerns about this now. I think I need your help.
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write to the Notary , You has
Submitted by Ugo on Thu, 08/10/2017 - 11:06In reply to Now I am very worried Ugo. by S.p
write to the Notary , You has to pay - at signature , NOT BEFORE !you need to open a bank account in Italy , for have an italian bank Draft or payment via bank trasfert .you do not can pay the purchase in Italy with a not Italian bank Draft -You receive a Codice Fiscale ? without this you vcan't buy , or open a bank account i Italy -
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Ugo the agency said that they
Submitted by S.p on Thu, 08/10/2017 - 11:12In reply to write to the Notary , You has by Ugo
Ugo the agency said that they would take care of the fiscal code. We transferred the deposit to their bank account. What do I do now? Am very frightened that I have been scammed.
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Well. It seems to me that
Submitted by Ugo on Thu, 08/10/2017 - 11:37In reply to Ugo the agency said that they by S.p
Well. It seems to me that everything that was not right could be done - You've already done it - I can not find anything worse than you can -Write to the Notary, if it exists ..
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Thank you Ugo.
Submitted by S.p on Thu, 08/10/2017 - 11:40In reply to Well. It seems to me that by Ugo
Thank you Ugo.
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Could you or anyone else
Submitted by S.p on Thu, 08/10/2017 - 11:47In reply to Well. It seems to me that by Ugo
Could you or anyone else recommend a notary to represent our interests ?
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I'm not too sure if you can
Submitted by stevegwmonkseaton on Thu, 08/10/2017 - 09:40In reply to A newbie all over again! by Annec
I'm not too sure if you can ask your bank to do so, but ours arranged for the draft to be drawn against an Italian bank (in eruo of course), which is I believe better for the seller if they are Italian. Best of luck getting it all sorted.
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Thanks again Steve. We are
Submitted by S.p on Thu, 08/10/2017 - 09:43In reply to I'm not too sure if you can by stevegwmonkseaton
Thanks again Steve. We are Euro here too.
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Even Italian banks are in the
Submitted by Ugo on Thu, 08/10/2017 - 10:15In reply to Thanks again Steve. We are by S.p
Even Italian banks are in the euro area, but they have a way for them to interpret this truth ... :)
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Don't panic. I'm guessing
Submitted by stevegwmonkseaton on Thu, 08/10/2017 - 11:59In reply to A newbie all over again! by Annec
Don't panic. I'm guessing this is the same person who asked about this agent here or on another forum and Modi said they were registered and okay? I have to say I am surprised at a 50% deposit and it going to the agent, but things may be different now. Get back to the agent as I said, if you have not already and ask who the notiao is and for contact details. It is coming up to the main holiday period here, so again don't panic at no immediate response. It's a very worrying time buying and the slightest thing gets to you, try not to let it.
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Thank you Steve. Yes we
Submitted by S.p on Thu, 08/10/2017 - 12:04In reply to Don't panic. I'm guessing by stevegwmonkseaton
Thank you Steve. Yes we proceeded because the agency checked out as registered. Now I am feeling very foolish though and am sick with worry. I am awaiting a reply regarding the notary's name and details. Hope that this is not a scam.
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I know it is not easy to do
Submitted by stevegwmonkseaton on Thu, 08/10/2017 - 15:12In reply to A newbie all over again! by Annec
I know it is not easy to do this, but worrying over something that's unknown is worrying for nothing. I said 50% seems a lot and that may cause you concern, but 50% of 10-20,000 is not a lot. Hopefully they will come back soon and put your mind at rest.
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Thanks Steve. The purchase
Submitted by S.p on Thu, 08/10/2017 - 15:17In reply to I know it is not easy to do by stevegwmonkseaton
Thanks Steve. The purchase price was in that region and that was why we were not concerned withvthe required deposit. You are so right about worrying not changing anything too. Hope they answer about the notary name tomorrow and I will post an update.
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When we purchased our
Submitted by suexpat on Fri, 08/11/2017 - 01:47In reply to A newbie all over again! by Annec
When we purchased our property we had to have a Codice Fiscale and we had to do this ourselves by going to an Italian Embassy as we didnt live in Italy. Do you not have to do that or do you already have one?
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Hi Suexpat. Getting a codice
Submitted by S.p on Fri, 08/11/2017 - 03:23In reply to A newbie all over again! by Annec
Hi Suexpat. Getting a codice fiscale is a service that most, if not all, estate agents offer to foreign clients now. I'm guessing here but I would imagine that it is easier for them to do so if you are from an EU country.
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Is possible ask a codice
Submitted by Ugo on Fri, 08/11/2017 - 03:28In reply to A newbie all over again! by Annec
Is possible ask a codice fiscale , at italian tax office , The person requesting it, on behalf of a foreigner, must have a form signed by the foreigner and a copy of the foreigner's passport with date and signature -You must take great care to apply for the tax code of married women, they must take the tax code, with the maiden name and not married According to Italian law, the woman does not change the surname with the marriage If the tax code is Taken with the spouse's surname, and then a divorce occurs, the woman who has resumed her maiden name, will change the tax code Therefore it will not be the same person who bought the house, as the tax code will be different - and sell The house that he bought with the married tax code generates an infinity of bureaucratic problems.
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That is interesting to know
Submitted by suexpat on Fri, 08/11/2017 - 03:36In reply to Is possible ask a codice by Ugo
That is interesting to know Ugo. When I applied for my CF I was living in the US, I am from the UK, and it is in my married name. If I divorce my husband though I will keep my married name so I wonder if that makes a difference.Also when we purchased our home amost 10 years ago our estate agent said they could not do the CF we had to obtain it.
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click on < Married Woman.....
Submitted by Ugo on Fri, 08/11/2017 - 03:44In reply to That is interesting to know by suexpat
click on < Married Woman.........>at > http://www.lifeinitaly.it/Inglese/Purchasing_Real_Estate_in_Italy.htm
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Thanks, so do you think I
Submitted by suexpat on Fri, 08/11/2017 - 03:57In reply to click on < Married Woman..... by Ugo
Thanks, so do you think I should change mine as it is in my married name? Is it easy to change?
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Changing is not simple - you
Submitted by Ugo on Fri, 08/11/2017 - 04:22In reply to Thanks, so do you think I by suexpat
Changing is not simple - you need a certificate issued by your consulate in Italy or your country's passport office ( translated in italian and apostilled), which shows that you with the married name and you by the maiden name l , are the same person.This document must be submitted to a tax office in Italy - preferably the same as the tax code required -The office should be asked to replace the tax code and link the new tax code with all the acts that have been registered with the tax code to be replaced.If you can not go to the office in italy, you can delegate a person of yours, the delegation form is included in the forms for the request of the first tax code, the form must also be attached by a copy of your passport With date and your READIBLE signature.
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No that is not going to be
Submitted by suexpat on Fri, 08/11/2017 - 04:30In reply to Changing is not simple - you by Ugo
No that is not going to be easy. The forms we filled in originally were given to us by the Italian Embassy in the US and we just filled them in so I have no idea what forms they were. Do you think this is all necessary as I will not change my name and all our bills and the bank account is in my married name. I know Italian women use there maiden name but I have never been told I have to use mine as it is not something we normally do in the UK.
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The married name is no longer
Submitted by Ugo on Fri, 08/11/2017 - 04:38In reply to No that is not going to be by suexpat
The married name is no longer used by Italian women for almost 20 years - if you are not going to divorce now, do not worry, maybe you will never have to deal with this problem
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Good reason to keep my
Submitted by suexpat on Fri, 08/11/2017 - 04:56In reply to The married name is no longer by Ugo
Good reason to keep my present husband :) You have been really helpful though.
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Yes Ugo. The agency took
Submitted by S.p on Fri, 08/11/2017 - 03:35In reply to A newbie all over again! by Annec
Yes Ugo. The agency took copies of our documents and we signed the form so that they could apply on our behalf for the codice fiscale.
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AS Ugo says - do not pay
Submitted by modicasa on Sat, 08/12/2017 - 03:42In reply to A newbie all over again! by Annec
AS Ugo says - do not pay anything until you are in front of the Notary for the final act of sale. That is when the balance is due, not a moment before. However, the seller can refuse an Irish bankers draft - and probably will. They can take months to clear - they have to be sent physically to the issuing bank. In your case it would be better to pay by SEPA transfer, and there is no reason why you cannot do this. The notary can insert the relevant text into the atto which allows you to send the money (providing the TRN number) and it has full effect of the law. Do you have a copy of your preliminary agreement/compromesso? Its not unusual to send money via an agent - I do it often, its a bit of pain with all the antirecycling legilsation but sometimes its the best way when the buyer doesnt have an Itlaian bank account - however, you do need to trust your agent to do this. The compromesso you signed is a promise to buy (and a promise to sell) by 30 OCtober - you do not have to prove or supply anything before that date. I dont know what the agent is playing at to be honest. Unless you have misunderstood or he has explained something badly.
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Thanks Modicasa. Have been in
Submitted by S.p on Sat, 08/12/2017 - 05:55In reply to AS Ugo says - do not pay by modicasa
Thanks Modicasa. Have been in touch with the agent and suggested the sepa transfer on the morning of the deed signing. I am hoping it is just a miscommunication. As Steve says it is a nerve wrecking time buying a house abroad but am glad to have this forum as a support.
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