Paying the balance

Although this is done at the final contract we have put this under a separate heading.  Our service can no longer, by law, include paying the balance of the purchase price for you from a holding account. If you haven’t already done so we advise you to come at least two or three days before the final completion to check the property over with us and open a bank account in a local bank.  You are not allowed to transfer money into a local bank if you don’t have a bank account there yet, and unfortunately we are not allowed to open a bank account for you either.  So what you should do is:

  1. Bring cheques(banker's drafts) with you and pay the seller by cheque or put them into your new account. We will advise how many cheques, for which amounts and payable to whom!
  2. Or, upon arrival, give your home bank a call to wire the money as soon as you’ve opened a bank account.  Your Italian bank will give you the cheques (assegni circolari) that you need to pay over to the owner. 

Then the final contract is, by law, read out in both Italian and your own language if your Italian is not excellent.  In this case you will need to have the contract translated and interpreted into your own language.  Although the directors and staff of La Porta Verde speak up to five languages fluently we are deemed interested parties and cannot act as your official interpreters.  However we do provide a qualified translator interpreter from an officially licenced agency. The translation and interpreter will normally cost between 350 and 450 euros, depending on work involved, and they need to be paid immediately after the final contract is completed.

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