Hey folks! I’m looking to buy a vacation spot near Ciampino, just outside Rome. I found a ‘nuda proprieta’ apartment for 50k euros. The agent wants 5k for his cut, and says other costs like notary and taxes will be another 10k. That’s 15k total on top of the price tag!
Is this normal for the area? It feels like a lot for such a small place. I’m from another EU country, so I’m not sure what to expect. Anyone have experience with property deals around here? What’s a fair commission rate?
I know ‘nuda proprieta’ means I can’t move in right away, but that’s okay. I’m more worried about these extra costs. Any advice would be super helpful. Thanks!
I’ve dealt with real estate in Rome’s outskirts before, and your situation seems typical. Agent fees often range from 3-5% of property value, so 5k for a 50k place is within normal bounds. Notary and tax costs can indeed be substantial. The ‘nuda proprieta’ aspect complicates things, as it affects property rights and potential future value. Have you consulted a local lawyer? They could provide invaluable insights on the legal nuances and help ensure you’re not overlooking any crucial details. It’s a significant investment, so due diligence is key. Consider all angles before proceeding.
Interesting find, Hugo! Have you considered negotiating the agent’s fee? Sometimes they’re flexible. Also, curious about the ‘nuda proprieta’ aspect - how long until you can use it? Might be worth factoring that into your decision. Any specific plans for the place once it’s yours?
hey hugo, those fees sound about right for rome area. i bought a place near tivoli last year, commissions were similar. notary fees can be steep. 5k for agent isn’t bad for 50k property. double check all paperwork tho, sometimes hidden costs pop up. good luck with ur purchase!