The prospect of buying overseas can be daunting when you don’t know where to start. So, to give you some guidance about the process, we spoke to Casa Travello agent Linda Travello for some guidance on essential decisions to make before your viewing trip.
Whenever property is involved, especially overseas, your best bet is to reach out to an estate agent. They’re local experts and will have a superior knowledge of regional specifics such as schools, amenities and pricing.
Discover the key decisions to make as a prospective buyer in Italy
What to look for in a real estate agent
When browsing real estate agencies, start with the ones with good reputations. After all, reviews speak volumes, and you’ll often find reviews from likeminded British buyers. The internet makes it easy to find an agency on Trustpilot, so that’s a good place to start.
If you’re using an Italian agency, find one that has English-speaking agents. Local agents are also super helpful as they’ll be able to speak to neighbours for you too.
8 things decisions to make before your viewing trip…
What’s your budget?
1. Decide on a budget
Whether you’ve decided on your dream location or are still open to suggestions, the first step in your property search begins with setting a feasible budget.
2. What type of property are you after?
Ask yourself what the main use for your property will be? Perhaps its to be a holiday home in use for the summer months, or even a retirement home for those looking to enjoy their golden years in the sun. These questions will help determine what you look for in a home.
Interested in Arezzo in Tuscany?
3. Decide on an area, being realistic about budget
If you have an idea of a place where you can see yourself living, that’s a great starting point for your estate agent. They’ll have an accurate idea of recent house prices in regional areas and if you ideal location is a bit out of budget, as locals, they’ll have a better idea of nearby areas that offer a similar experience.
4. Remember you could find your dream property on your first viewing trip
Linda tells us that quite a few clients actually do find their dream home on their first visit, so if it feels right, act quick. Remember it’s a buyer’s market and while you’re on your first visit, other potential buyers could be on their second or third
Are you open to renting in Italy?
5. If you’re buying a second home or holiday home, decide if you’re open to renting
If you’re buying a home you don’t plan to be in all-year round, it’s helpful to decide before looking if you want to let it out when you’re not there. If you decide to let it out, you should consider homes with better commutes and nearby attractions that tourists and holiday goers would find appealing.
6. Remember contracts are binding, so don’t sign on the dotted line until you’re 100% sure
If you have niggling doubts about a large purchase, it’s wise to seek financial or legal advice. Our parent company, Your Overseas Home has a network of tried-and-tested partners that we recommend. Click here to find the right partner for you and your buying needs.
Find homes in Italy via our property portal.
7. Leave enough time for viewings
As an experienced agent, Linda tells us lots of prospective buyers try to pack more viewings into their day than Is physically possible. Be rational and schedule your day accordingly. Your estate agent is key here as they know how long a typical viewing takes, so use their expertise to your advantage.
