Hello everybody,I'm wondering if

Stefka Image
03/30/2016 - 17:27

Hello everybody,I'm wondering if there is a website or place, where i can check if real estate agency is licensed. I`ve seen some cheap homes offers and I dont want to become a victim of scam. Any tips  for avoiding it will be appreciated. Thanks! :) 

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Hi, stevemonkseatonThank you for your fast reply!The property I`m looking at is for very serious renovation and this I guess might be the reason for the low price. I look up for a number in the website as you advise and I find P.IVA and REA numbers. I check the P.IVA but i could not find where to check the REA number.  I dont know, are those the numbers I must bee checking.

Hi Stefka,Property prices in Italy vary a lot from region to region, generally speaking, North Italy is more expensive than South Italy (South of Rome).If the property is near the seaside or has good views its value increases.If the property needs renovating the price should reflect that, but from my experience the discounted price does not usually allow for the basic works required and a strong negotiation of price is generally required to get the true price that reflects the works (and time and energy) that will be required.Ciao Conor      

Hi, Stefka, it is certainly a good idea to check on the credentials of the real estate agent involved, and this site may be of help ; however, the real estate agent will be responsible for only part of the purchase. The most important issue is the general condition of the property, particularly the structural one in the case of those properties requiring renovations and there you will need a building professional to give you an accurate diagnosis. An ordinary real estate agent is not qualified to do that and will not be responsible if estimating costs or condition are not accurate. As for prices... This is a buyer's market and some properties may be selling for much lower prices than before 2008 for a multitude of reasons.Buying a ruin is always complicated and you need professional help... And double the money you originally envisaged. But you can find homes which have already been renovated selling at reasonable prices.Good luck and best wishes! 

Anyway if you are looking down in Abruzzo there is a very chatty and friendly chap called Barry, who works for an estate agents in Abruzzo called acaitalianproperty.com.I bumped into Barry at a Place in the Sun fair in Birmingham, he is not an estate agent but works as someone who can explain how things work for english buyers in Abruzzo in simple language with a Stoke accent. I think their website gives contact details of Barry. He would be able to chat to you about a thing or two, migh tbe helpful.