I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@EliaszPass The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Thank you very much Iacopo for this generous video which will surely be of great help to people like myself attempting to purchase property in the belle paese. Eloquently presented with transparency and a friendly tone. Perhaps the Italian words for all these steps might also appear in a future video? But really great work and THANKS again !!
@@valenteitalianproperties Si vende l'intera proprietà (NO DIRITTO DI SUPERFICIE) THIS is a difficult concept to understand, despite one hour of research this morning!
Thank you for your video! 🙏 Could you please give a concrete example, if I buy a house in Italy for 50,000 euros from an agency for example, with all the fees you listed, how much will it cost me as a final price.
you. said at the begining the first payment will be discounted at the end when purchased at the notary but in your sum of the cost I don;t see where it is discounted,...
Because you got time (9 month?) to decide if you imigrate to italy or use your new italian house as a vacation house I have a question. Because of above, when do you have to pay this 2% or 9% tax? When you buy the house or after the periode (9 month?) you can decide this?
Thank you for your information. We are in the process of buying a house and received a proposta to sign. In the proposta is only 1 owner mentioned while the property is bought in community of property. So we think both owners should be mentioned. Must both spouses be named in an irrevocable purchase proposal for the sale of a property in Italy if they are married in community of property?"
@@valenteitalianproperties Yes, thank you. But when the sellers are married in community of property, they have to be mentioned of course in the deed but as well in the proposal, I understood.
Very informative video. You gave an example of €1,000,000 villa, but what if I wanted to buy a house / apartment in Southern Italy (to use as a holiday residence) costing around €100,000? I'm an EU citizen.
Thanks for all the explanations, they're very helpful. Suppose I bought a mortgage using a loan in order to rent it, are there any additional taxes I've to pay regularly (yearly or monthly)?
Thank you for the video! I’d like to buy property for 42000 Eur The property agency indicated to pay 4280 Eur agency fee. It is not 3-4%, but 10%. Is this a normal practice or should I stop working with such an agency?
I am a real estate broker in Texas interested in buying a retirement home in Tuscany. Is there any way i can get you to give me and example of what whe call a Settlement statement... breadking down all closing costs.. Of course, I only have a real estate licence in Texas but I would like to see an example settlement cost statement on a property of about 600 Euros.
in Italy each property has a value on which the tax is calculated for a sale by private individuals or if the sale is made by a company there is VAT (10% or 22% depending on the category of the property). Then depending on whether you buy as a "first home" or not the taxation can change, the calculation can vary a lot from house to house
The average real estate agent commission in the USA is typically between 5% to 6% of the property’s sale price. But as per a recent survey done by FastExpert in Q2 2023 the average real estate agent commission rate in the USA comes out to be 5.57%. However, agent commissions can range from as little as 4% in some locations for house sellers to as much as 7% and 10% in other cities for residential and commercial properties, respectively.
Actually, it very similar to what you pay in the Washington DC metro area. 6% for seller agent fees, depending on the market another 3% in closing help to buyer plus miscellaneous fees means seller pays 10%. Buyer pays about 3%-6% in stamps fees and mortgage fees.
I agree with one of the people who commented on your video. The Italian system seems to be extremely complicated, confusing, and not straightforward. I am thinking of buying a property in Italy, but your video certainly scared me away. Also, I did not understand if you do, or do not pay proper taxes.
Hello, I understand because we fear what we don’t know! You don’t pay property taxes on the first property in Italy if you move your residency. If you are planning to buy you can contact us at info@valenteit.com for further clarification
You can apply for elective residency, with proof of income (at least 31'000 € per year) and insurance. Also recently in march 2024 Italy approved the Digital Nomad Visa, if you are a remote worker I suggest you do look for it.
Buongiorno and thank you for this content, are you a real estate agent in Italy? Do you have a business contact info for something more specific? Thank you! 🙏
Good evening sir i am from Pakistan living in Italy i have a complete document. I want to buy a house for my family i want to ask you is have a age limit ty buy a house from Bank on instalment tell me about age limit then we will contact thanks
Generally the mortgage must end when the mortgage holder is between 75 and 80 years old. Exemple: if you are 60 years old, the maximum mortgage term could be reduced to 15-20 years
Why should a estate agent earn so much (48.000€) on one sale?! The estate agent earn also from the seller, so he get much more money only selling 1 house?!😮
It is the digital era but you still pay the bollo depending on the amount of pages. When I tell people about Italy no one believes me, it is not a country but a joke pretending to be one.
Hello! there. I saw your videos on RUclips and was impressed by the quality of your content. However, after analysis, I noticed there needs to be improvement for getting more views and subscribers. You are working hard but the main motive to reach an exact audience is not fulfilled. You are working for your audience if the video can't reach them. That's a waste of your energy and time also. I will show the problem in your video and share how to fix it. Only say ‘yes’ if you want to grow your channel.
@@videorankprowithsamanta so how do you expect any other channel to do business with you or believe your sales pitch if you can't prove it with your own channel? It's funny af
Thank you for the video! I’d like to buy property for 42000 Eur The property agency indicated to pay 4280 Eur agency fee. It is not 3-4%, but 10%. Is this a normal practice or should I stop working with such an agency?
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@EliaszPass That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@DenmarksKings My advisor is *MARGARET MOLLI ALVEY*
You can look her up online
@@EliaszPass The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
This was great information, thank you for explaining in such detail. I subscribed 😊❤️🇮🇹
Thank you very much Iacopo for this generous video which will surely be of great help to people like myself attempting to purchase property in the belle paese. Eloquently presented with transparency and a friendly tone. Perhaps the Italian words for all these steps might also appear in a future video? But really great work and THANKS again !!
Thank you for your feedback
@@valenteitalianproperties Si vende l'intera proprietà (NO DIRITTO DI SUPERFICIE) THIS is a difficult concept to understand, despite one hour of research this morning!
What means 'bare ownership 77 years old' in Italy?
Thank you for your video! 🙏 Could you please give a concrete example, if I buy a house in Italy for 50,000 euros from an agency for example, with all the fees you listed, how much will it cost me as a final price.
I made an exemple at the end of the video, It's impossible to estimate the exact costs with only the price requested
Thanks for the video but the system is very complicated and making me scared to buy holiday house is better to rent well Thanks for the video
It's not easy, but with the right consultant you can rest assured. You can contact us at info@valenteit.com
That's Italy, nearly everything is complicated. Italy is beautiful but the system sucks!
you. said at the begining the first payment will be discounted at the end when purchased at the notary but in your sum of the cost I don;t see where it is discounted,...
If you mean the registration of the preliminary contract it is discounted on the registration tax
Because you got time (9 month?) to decide if you imigrate to italy or use your new italian house as a vacation house I have a question.
Because of above, when do you have to pay this 2% or 9% tax? When you buy the house or after the periode (9 month?) you can decide this?
Thank you for your information. We are in the process of buying a house and received a proposta to sign. In the proposta is only 1 owner mentioned while the property is bought in community of property. So we think both owners should be mentioned. Must both spouses be named in an irrevocable purchase proposal for the sale of a property in Italy if they are married in community of property?"
Not necessarily! But it’s mandatory in the notarial deed if you are buying together
@@valenteitalianproperties
Yes, thank you. But when the sellers are married in community of property, they have to be mentioned of course in the deed but as well in the proposal, I understood.
Very informative video. You gave an example of €1,000,000 villa, but what if I wanted to buy a house / apartment in Southern Italy (to use as a holiday residence) costing around €100,000? I'm an EU citizen.
Thank you! Rules are the same and soon we will post a video on how to get a loan in Italy as a foreign buyer
Thanks Jacopo nice and clear!
You mentioned at the beginning of video possibility to have 0% yearly tax on property, but did not explain this topic further. Or I misunderstood?
For more explanation check the video on Prima Casa topic ruclips.net/video/ZiF7EvpH1hU/видео.html
Thanks for all the explanations, they're very helpful.
Suppose I bought a mortgage using a loan in order to rent it, are there any additional taxes I've to pay regularly (yearly or monthly)?
You have to pay property tax (if you don’t move your residency in Italy)
Thank you for the video!
I’d like to buy property for 42000 Eur
The property agency indicated to pay 4280 Eur agency fee. It is not 3-4%, but 10%. Is this a normal practice or should I stop working with such an agency?
Under a certain amount (usually 100'000) there is a fixed price but you can always negotiate
I am a real estate broker in Texas interested in buying a retirement home in Tuscany. Is there any way i can get you to give me and example of what whe call a Settlement statement... breadking down all closing costs.. Of course, I only have a real estate licence in Texas but I would like to see an example settlement cost statement on a property of about 600 Euros.
in Italy each property has a value on which the tax is calculated for a sale by private individuals or if the sale is made by a company there is VAT (10% or 22% depending on the category of the property). Then depending on whether you buy as a "first home" or not the taxation can change, the calculation can vary a lot from house to house
So a real estate agents takes 6-8% in total? Why? In most countries, this is just 3-4% covered by the party selling the house. Sounds pretty scammy
The average real estate agent commission in the USA is typically between 5% to 6% of the property’s sale price.
But as per a recent survey done by FastExpert in Q2 2023 the average real estate agent commission rate in the USA comes out to be 5.57%.
However, agent commissions can range from as little as 4% in some locations for house sellers to as much as 7% and 10% in other cities for residential and commercial properties, respectively.
Actually, it very similar to what you pay in the Washington DC metro area. 6% for seller agent fees, depending on the market another 3% in closing help to buyer plus miscellaneous fees means seller pays 10%. Buyer pays about 3%-6% in stamps fees and mortgage fees.
Thank you
I agree with one of the people who commented on your video. The Italian system seems to be extremely complicated, confusing, and not straightforward. I am thinking of buying a property in Italy, but your video certainly scared me away. Also, I did not understand if you do, or do not pay proper taxes.
Hello, I understand because we fear what we don’t know! You don’t pay property taxes on the first property in Italy if you move your residency.
If you are planning to buy you can contact us at info@valenteit.com for further clarification
Well agent taking 96k in fees is def a reason to avoid one :)
Depends on the price!
Does Italy have a residency visa that can incentive non-italians to make a Huge purchase such as a house?
You can apply for elective residency, with proof of income (at least 31'000 € per year) and insurance. Also recently in march 2024 Italy approved the Digital Nomad Visa, if you are a remote worker I suggest you do look for it.
@@valenteitalianproperties thanks for reply. Hope your government is competitive on the world market with other attractive economies in this arena.
Good info.
Buongiorno and thank you for this content, are you a real estate agent in Italy? Do you have a business contact info for something more specific? Thank you! 🙏
Yes I am, if you need help send an email to info@valenteit.com
Good evening sir i am from Pakistan living in Italy i have a complete document. I want to buy a house for my family i want to ask you is have a age limit ty buy a house from Bank on instalment tell me about age limit then we will contact thanks
Generally the mortgage must end when the mortgage holder is between 75 and 80 years old. Exemple: if you are 60 years old, the maximum mortgage term could be reduced to 15-20 years
How much tax a year
It depends on the property!
thank you good information i will buy property i contact you thank you again jacopo have a great day jose y noemi from california usa
Thank you! Hope to meet you soon
Why should a estate agent earn so much (48.000€) on one sale?! The estate agent earn also from the seller, so he get much more money only selling 1 house?!😮
It depends on the price of the house, the higher the value the higher the commission
It is the digital era but you still pay the bollo depending on the amount of pages. When I tell people about Italy no one believes me, it is not a country but a joke pretending to be one.
The Marche da Bollo is inexplicable even for Italians
We are still all waiting to find out how not to pay tax. Vergognati
?
Poor chääs, . Noo probläam 😅
Hello! there.
I saw your videos on RUclips and was impressed by the quality of your content. However, after analysis, I noticed there needs to be improvement for getting more views and subscribers. You are working hard but the main motive to reach an exact audience is not fulfilled. You are working for your audience if the video can't reach them. That's a waste of your energy and time also. I will show the problem in your video and share how to fix it.
Only say ‘yes’ if you want to grow your channel.
this comment coming from a bot channel with only 1 subscriber is hilarious 😂
@@broragnarok146 Because I don't have any video content on my channel and that's not funny at all.
@@videorankprowithsamanta so how do you expect any other channel to do business with you or believe your sales pitch if you can't prove it with your own channel? It's funny af
@@broragnarok146 There's lots of prove I can gave him. I don't approach you so it's better for you to don't come in between.
Thank you for the video!
I’d like to buy property for 42000 Eur
The property agency indicated to pay 4280 Eur agency fee. It is not 3-4%, but 10%. Is this a normal practice or should I stop working with such an agency?
The price depends on what city you are from. The national average is 3-4% plus vat