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Properties for sale in Rome

Buying a Property in Rome Can Be Difficult

For many years, Rome has been maintaining a status of the ultimate luxury destination. Rome is one of the best cities in Europe to make a real estate investment or simply to buy a house. If this is your long-time dream, we can encourage you on your way to achieving it. It is interesting to know that Rome is one of the first cities to visit in Google search lists.

It is a well-known fact that real estate is very expensive in Rome. However, it does not stop people from dreaming about their own house or flat in the capital city of Italy. More and more wealthy people from all over the world – Asia, Europe, Americas, and Africa – consider buying a property in Rome since it is a smart investment.

Ways to Find a House or a Flat

The easiest and most common way to find a property for sale is the Internet. In the majority of cases, real estate listings include contacts of real estate agents. In Italy, real estate deals are usually carried out via real estate agencies. Often, a buyer and a seller do not even meet each other – the communication proceeds via an agency. In addition, it is worth looking through listings in newspapers and specialized magazines. Overall, you can find both residential and commercial real estate that meets your preferences in every part of the capital. If you are looking for a house or cheap flats, be ready to make efforts.

Things to Pay Attention to

Homebuying in Rome can be rather complicated, especially for foreigners. That is why it is important to know the basic information about common pitfalls of house buying. You should take into account that, in addition to the price of the chosen property, you will have to pay additional costs. Such commissions and fees have to be specified by a solicitor because they depend on a property.

Keep in mind that a solicitor's job should be paid for too. Additionally, when taking a mortgage loan, you should pay for a bank’s survey of the property. The aim of the survey is to find possible minor or major issues.

Terms to Learn

It is very important to learn basic legal terms in order to feel comfortable in the real estate market. For example, conveyancing means an entire legal process of selling or buying a house or flat. A freeholder owns a property completely, including the land it is built on. A freeholder does not have to pay annual ground rent. A freeholder is responsible for the good condition of a property’s structure, including roof and walls.

A leaseholder is a person who gets a lease from a freeholder. A leaseholder pays maintenance fees, ground rent, service charges, a part of the insurance cost, etc. A freeholder may put some restrictions on a property for a leaseholder. For example, a freeholder can forbid a leaseholder to sublet or have pets.

Nevertheless, difficulties do not stop foreigners from buying a house or apartment in Rome. However, not every real estate agency is the best place to buy a home. If you need professional assistance in getting a home in Rome, Ready Property can provide you with all the necessary services. Our agents can help you with renting, selling, letting, or investing in a property. We will conduct a local search to find the best options for you. For more details, contact us using the contact form on our website.