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Buying a house remotely, or buying a land sight unseen is a significant investment that requires buyers do their searches.
Both practical and documentary searches are needed, some of them require the assistance of an expert professional, possibly a lawyer specialized in the real estate sector.
In this article we will explain a few tips for a successful long distance real estate investment.
Should I trust photos when buying a house virtually?
When you are looking for a property in Italy, the first thing you possibly do is searching for a good investment on a few Italian website, such as:
and many others.
But the question is: Can I trust on photos posted on websites?
In 2020 almost two-third of home buyers have bought a home remotely, since mane people wanted to avoid air travel do to COVID-19.
Making an offer without seeing a house in person can be done successfully thanks to today’s technology. However, our suggestion is not to trust photos.
3D video tours and video-calls help buyers to make their final decision about purchasing or not.
In many occasions we have visited houses on behalf of our clients, and we have described them our feelings about the property and surrounding area.
Having someone local to trust is essential, and a reliable attorney can even substitute a friend, considering that his/her aim is not to sale a house, but to protect each client’s interest.
Also Google maps and Google heart can be a useful tool for scooping out an area remotely, just be careful about the last updated street-view photos.
Moreover, checking if there is a water line is important, you need to ask your local professional to make sure that you will have water running to your property.
Are Home Inspections important?
A valuable technician can help you with the process of buying a house remotely.
When you are not able to do an in-person visit, you need to have a clear understanding of the conditions of the property and/or land that you wish to purchase.
Rather than trusting on photos published on a website, we suggest to have a feedback from a professional who can check the property in person.
A home inspection determines the current condition of the structure, and it is actually recommended even if you are able to visit the property in person before buying it.
Zoning and Land use: what do I need to know?
Zoning refers to local laws that regulate how to use an area. For example, for residential, agricultural, commercial use among other specific designations.
Zoning regulations can even regulate the details of construction in specific neighborhoods.
It is important to know what zoning restrictions are present in the area where you wish to buy a piece of property, since those restrictions can substantially influence prices.
Having understood that land-use regulations can affect property values, it is strictly important to make this check before buying a land or property.
In most cases effects are complex and can be easily misunderstood, but with the help of your real estate attorney you can avoid misinterpretations.
Even if you are buying a house unseen, those preliminary checks can be done remotely, and documentation can be required to the competent Municipality.
However, it is not always possible to receive the entire documentation via email, this is why you might need a lawyer who will know how to obtain and what documentation to require at the competent offices.
Find an experienced English Speaking Real Estate Lawyer
If you are buying a house remotely an experienced real estate attorney is your best asset.
A lawyer might be your guide for:
- Due diligence process
- Negotiations
- Drafting Power of Attorney
- Signing final deed of sale
- Informing you about Italian property market
- Contacting reliable technicians when needed
- Translation of documents
Luxury Law has dealt with many many long distance purchases on behalf of foreign clients willing to buy their dream-home or a land in Italy.
Italian/English speaking Real Estate lawyers at Luxury Law can assist you during the process of buying a long-distance land or home.
When you have a reliable attorney by your side, buying a house remotely becomes a welcoming and stress-free experience.
Contact us for further info!
Send an email at: info@luxury-law.com for your first free consultation or
WhatsApp us at: +39 327 12 60 285
