Do you know the bare property?

Many people, especially the elderly, might consider selling the bare property and keeping the usufruct while living at home: but does it make sense? Of course it does, especially if the seller has little savings to spare and is looking for a good strategy to get some financial oxygen without getting into debt with the banks. But buyer side, eye not to end up in the trap of thinking too...

Loan assumption: have you ever heard of it?

Have you ever heard of loan assumption? You know what it is, when it can be done and what it’s for?The assumption is a financial instrument through which a debtor takes over from another for the payment of the mortgage. With this type of tool you can sell house with an outstanding mortgage.The loan assumption formally starts at the time of the deed, which happens as in any real estate sale at the time...

Notarial power of attorney

Do you know the notarial power of attorney? You should know taht sometimes it can happen that a person can't (or doesn't want) partecipate in the sale deed of a property, even if its signature is indispensable. What is done in this case?You make a notarial power of attorney: the person who is to be represented, in front of a notary, gives to another a power of attorney. In this way, the day of the...

What is the CILA?

Such "sworn notice of work started", it is the necessary authorisation of extraordinary maintenance work: displacement of walls, internal door openings and changes of spaces distribution. 👉🏻 This doesn't apply to small changes, such as ordinary maintenance....

Urban and cadastral compliance: what does it mean?

The certificate of urban and cadastral compliance proves that the actual status and the building license with which the Municipality has approved the authorization for the construction or renovations of a property correspond. 👉🏻 This is used to demonstrate urban regularity of the property, in case you want to renovate, buy or sell. The structure, in fact, could have been built or modified in...

Trade-in of the house: when is it convenient?

What are the advantages of real estate trade-in?The trade-in of the house allows you to save on notary fees. If you sell your old flat to buy a new one, you have to enter into two separated sales contracts, paying twice the notary fees. Instead, with the real estate trade-in, the deed to sign is only one because you exchange a property with another. Usually, the expenses are divided in half between the...

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