Why you Should Transcribe the Preliminary Agreement
Securing your dream home in Italy involves understanding the crucial role of the preliminary agreement or “compromesso.” This legally binding contract outlines the purchase price and terms of the sale. However, sellers can still renege, potentially leading to lengthy and costly disputes for buyers, even if sellers are obliged to return double the deposit. To safeguard against such pitfalls, buyers are advised to get the preliminary agreement transcribed by a notary public in Italy. This ensures the property is marked as “sold” and prevents the seller from misleading multiple buyers. Partnering with a trusted real estate agency like Invest in Italy ensures a seamless and secure property purchase process.