Sunday, February 1, 2009

If You Are Buying an Off-Plan Property in Calabria Please Read

In my previous post (entitled Buying Guide) I have given a full breakdown of the procedure and what to expect during your purchase. Something you should double check with your lawyer before you send a penny, is that they have the original copy of the bank guarantee.

Lawyers should do this as a matter of course, however I have seen at first hand monies being released to a developer when all the lawyer had was a promise the guarantee was in the post, everything worked out ok, but you do not want to leave yourself open.

Your bank guarantee is absolutely essential, as it guarantees the deposits you send to the developer. If the unthinkable happens, your money will be returned to you.

Buying your dream home should be a pleasurable experience, so its important you do your groundwork initially. You can then sit back and wait for the time you will be sitting on your terrace, watching the Calabrian sun set, enjoying a glass of Pinot.


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