The first step in the process is the initial consultation, where we analyze your needs and goals. This includes identifying your preferences, wishes, and budget. Our experts will help you understand the Maltese property market and provide an overview of the options available to ensure you achieve your objectives.
After the consultation, we will compile a list of properties from our portfolio that are specifically selected to meet your needs.
We will organize a property viewing trip in Malta for you, creating a personalized itinerary and, if necessary, assisting with initial bureaucratic procedures.
Before making an offer, it is important to conduct a thorough valuation of the property. This includes determining the market value of the property and checking its technical condition. The valuation helps establish whether the price is justified and if the property meets the buyer’s expectations. We will review all legal aspects and documents to ensure the technical correctness of the property.
Once you have found a suitable property, we will prepare an initial offer for the seller. This means making a purchase offer that outlines all the necessary points and specifies the proposed price. Following this, the negotiation process begins with the other party, during which we will discuss the price, payment terms, and other contractual conditions. Our goal is to achieve the best possible agreement for you that satisfies both parties.
Once you have selected the property and your offer has been accepted, the next step is to sign a preliminary agreement between the buyer and the seller. This agreement is referred to in Maltese as “Convenium” or “Konvenju,” and it commits both parties to the transaction according to the agreed-upon terms. The preliminary agreement is typically valid for three months, and after signing, we immediately involve a notary who conducts additional checks related to the property to ensure everything is in order. At this stage, a tax of 1%-5% of the property’s value is paid to the tax authority, and the buyer pays a 10% deposit to the seller.
In the event that the final transaction does not take place without legal justification, the buyer will receive back 1% of the amount paid to the tax authority, while the deposit agreed upon at the signing of the preliminary agreement will remain with the seller.
Once the conditions of the preliminary agreement have been fulfilled and all obligations met, all parties gather at the notary’s office to sign the final transaction. The notary’s role is to draft the final contract and prepare it for signing. The standard procedure is as follows:
After the transaction is completed, we offer property management services, including the establishment of utility contracts and property maintenance. Our goal is to ensure that your property purchase process is secure, smooth, and hassle-free.
Reg: 14997267
Monoro Group is an expert in real estate services and exclusive investment opportunities in key regions of Italy, Monaco, and Malta.
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