– this post is part of a series. read the previous part here –
In Holland, we have TV shows that show how people buy houses in foreign countries without decent up-front research. This often results in situations where the people have to spend way more than they’ve initially planned and sometimes even have to sell the house again, because it’s way over their heads.

We of course, wanted to prevent something like this from happening, so we decided to do some decent brainstorming after we came back from our first trip to Italy. I do a lot of brainstorming for work already and so do the others, so we didn’t do this is a very formal fashion, but had the occasional glass of beer accompany it. The end result though was pretty good and we came out of it with a good idea about a budget about what we wanted to look for.
One unfortunate side effect of such an exercise with a group of four people is that it’s getting more on more explicit and clear where differences in opinion are and how big those differences are. One of the guys realized during the brainstorming he really had very different ideas from the rest of the group and during the process, he decided not to continue with it. So, left were the stock broker, an entrepreneur and a management consultant.

We took a little break from all of this and started looking at houses again early 2007. To our surprise, the house we had seen at first was still available!! After having seen this, we really didn’t want to take our chances and wait much longer, so the one guy that hadn’t seen it yet, quickly went to visit the house, which is somewhere in the North-West of Italy.
The most unfortunate thing happened: he found another house that was much bigger and which he liked a lot more $#*($%*#@(%@#!!! Back to square one. Lars and I thought we had everything nailed: a good house, decently priced, not too much to do about it (in terms of DIY), but well, we were with a group of three and couldn’t just decide on our own. That’s why we had to go there again and decide (with the three of us) which house it was going to be.
Long story short, After having visited both houses, we finally managed to decide the first house was the best one to pursue. Less renovation and reconstruction to do and less pricey.

In the meantime, we had started budgeting everything. From costs involved with arranging a translator to costs involved for getting there and arranging and paying the notary. We also planned and budgeted the (re)construction of several things in the house, such as an extra stairs, an upgrade of the bathroom and everything else.
Then the buying process began. We had gathered several good resources and had contacted a Dutch guy who would be able to do help us during the process of negotiations. The process was three-ways:
- Gathering of all the necessary papers and arranging for formalities such as a bank account and fiscal number in Italy (codice fiscale)
- The creation of a preliminary contract of sales, the basis for the remainder of the process
- The actual transfer
The process is more thoroughly documented here (in Dutch).

The preliminary contract of sales took quite a bit longer than expected, as there were several things that we wanted in there. Guarantees for the process to be ending in time, with the right people present at the notary, et cetera. There is no standard contract available for this (although templates exist) of course and we just added everything we wanted.
The price (for which the house will be sold) is also part of the contract. This essentially means that if both parties agree to the contract, the negotiations about the price have finished too. After a little while and after several rounds of negotiation about the price we finally agreed and the contract was signed. Together with this, we paid our first installment.
The next step was for the other party to start arranging several things with the local government. There were some issues with the zoning of the property that needed to be resolved first. This took a while, but finally, after a couple of months we were able to set a date for the transfer. We’re talking September/October 2007 here!
Finally, mid-November 2007 we drove to Italy to transfer the house. It was fun to see how many people had joined at the notary (I think there were about 10, with witnesses from both sides and several brothers and sisters of the selling party also present). Because we don’t speak Italian, not only did the notary have to read the contract in Italian, but our translator also had to do the same thing in Dutch. Two hours later we were finally done and we got the keys to our new place.
p.s. Yes, these are the keys to the house