Purchase process

1. Italian Bank Account and Tax Code (Codice Fiscale) via Monoro:

Monoro enables clients to conveniently open an Italian bank account and apply for a tax code (Codice Fiscale) prior to purchasing property in Italy.
To open an Italian bank account, we visit the bank on behalf of the client, and we also assist with applying for the tax code, either in Italy or at the client’s home country embassy/consulate.
Additional Information: We recommend clients complete these steps with Monoro’s professional assistance before their first visit to Italy.

Before purchasing a property, we advise conducting a thorough property audit through Monoro. This ensures that all inspections and assessments are completed prior to signing the preliminary agreement (Compromesso).
Monoro’s experts evaluate the condition of the property, identify any potential issues, and examine technical aspects, ensuring transparency and confidence for our clients.

Once the price and terms are agreed upon with the seller, Monoro assists clients in drafting and signing the preliminary agreement (Compromesso).
Monoro specialists clarify the transaction costs, schedule the notarial contract signing, and gather the necessary documentation, safeguarding the client’s interests throughout the process.
Additional Information: After the preliminary agreement is signed, Monoro assists the client with paying the deposit and half of the real estate agent’s commission.

The sales contract is drawn up by a notary (Notaio) appointed by Monoro.
Monoro ensures that before signing, the notary verifies that the property is free of mortgages and all legal aspects are correct, guaranteeing legal security for the client.
Additional Information: The notary fee is calculated based on the size of the transaction and the cadastral value of the property.

Monoro provides professional advice, helping clients account for the costs associated with property acquisition, which vary depending on the buyer’s status (Prima Casa or Seconda Casa).
Additional Information: These costs include VAT (for new builds), real estate agent commission, notary fees, property registration fees, and, if necessary, translation fees.

After the property is purchased, Monoro assists clients in transferring various contracts into their name, including utilities, electricity, water, telecommunications, and gas.
If purchased as Prima Casa, Monoro will also guide you through the process of registering as an Italian resident.