Every one of you who has ever thought about buying a home abroad has experienced this feeling of uncertainty and anxiety. And understandably so, because a lot of questions arise at once, the main one being: how to buy a flat and pay the real, market price. How to determine that this particular amount, called by the agency or the owner, is fair.

Is it worth haggling when buying a home in Italy?

Bargaining is normal when buying property in Italy. Haggling is done in negotiations and in written purchase offers. When determining the value, each owner sets aside a higher or lower amount for bargaining. Therefore, bargain! Rest assured, it is absolutely normal and moreover so accepted. And we, in turn, want to give you some tips on how to avoid buying at an inflated price.

How to estimate the cost of housing in Italy?

First of all, after you have chosen a property option, do your own research on the local market. Remember, there is no such thing as “object value” in property valuation among professionals, but rather “cost per square metre”. Search local websites for several similar property options. Evaluate them on characteristics such as:

• Location

• Views

• Renovation

• Year the home was built

• Location in the neighbourhood

• Availability of plots and terraces.

Determine how each characteristic affects the cost per square metre of the object. Compare with the cost of your favourite option.

Services and sites for property valuation in Italy

A good assistant for property valuation in Italy can be a site for sale: immobigliare.it. Wandering around the site, you will find such a completely free service as online property valuation. It is enough to fill in a few boxes and the valuation of your option is on your screen. It is convenient and easy. The data is calculated from a database of all adverts with objects for sale in a time period of about 6 months.

Should I use an agency at all?

Contact your local estate agency for advice and valuation. As a result, everyone buys property abroad through an estate agency. It is very difficult for a foreigner to get orientated in a short time in the local laws. The level of knowledge of the language, as a rule, does not allow you to read legal documentation, so it is always better to consult a specialist. Try to establish a relationship of trust with the agent. In Italy, both the seller and the buyer pay the agency. The price of remuneration in most cases is fixed and is 3% + VAT of the value specified in the contract of sale. If your agency is the only intermediary in the transaction, the objectivity of its assessment you can trust.

Where is the cheapest accommodation in Italy?

There is an opinion that cheap housing in Italy is mainly in the areas of Sicily and Calabria. This is the south of Italy, and if the buyer wants to go to the north of the country or to other European countries – part of the time will be spent on the road and the holiday will be reduced. But how cheap can housing in Italy be?

Is it possible to buy a home in Italy under 100,000 euros?

You can, but you will need to invest a decent amount of money in renovation. Sometimes this amount can be equal to half the cost of housing. It should be understood that the location of such property is not the most convenient. Most likely, it will be a village.

Here, for example, a photo of property in the south of Italy up to 30 000 euros. In such a flat, there will be almost no repairs.

Another important factor is the number of rooms. If you want to move the whole family, the options up to 100 000 euros skip. Basically, these will be one-room flats and studio flats. Below is a variant of a flat in Skaleja for 40,000 euros with an area of 50 square metres.

Cheap property in Milan and other major Italian cities

As for the big cities – it’s the same here. These will be studio flats and flats with 2 rooms, but with a very small area. A very important factor for large cities – the crime rate. In big cities, cheap property up to 100,000 euros is sold mostly in problem areas. Keep this in mind.

If you want to move to Italy with your family or definitely want to stay in this country forever – the best option is Campione D’Italia. We have already written about the advantages of this city in the article ” Where is better to live in Italy Russians: all about the pros of living in Campione D’Italia“. Here is a low crime rate, financial stability and breathtaking nature. Many celebrities buy housing here. As for the price, a beautiful one-bedroom flat can be bought for 180,000 euros. It is safe to say that you will not regret the amount spent.

Procedure for buying a home in Italy

1. Listen to how the price of the object was determined.

Ask how urgently the owner needs to sell his property? For what reason is it being sold? How long has the property been on the market? The answers will give you an idea of the owner’s willingness to bargain.

2- Now it’s your turn to bargain. You have to realise for yourself, how serious is your decision? Does this option fully meet your requirements? Start haggling with the seller of the property.

3. Make a written price offer for the property with the agency. Argue your position and your proposed price. Back up your written offer with a deposit left with the agency. This will encourage the seller to agree to your terms or make substantial concessions.

4.If the seller refuses your offer, the deposit will be returned to you in full.

Find cheap accommodation in Italy with Help Westhouse

Contact us for advice, we will help you find a property that will please you not only for its price, but also for its location and condition. To contact us, please send us a message on Viber: +39 351050 0317 and we will be happy to advise you.