Residential

Refined Residential

Commercial

Support Services

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Innovative Service:
Service Areas & Fees

As mentioned in our general description of Property Support Services we provide a range of services which support foreign property buyers in Italy. These services are based around the specific links of the property purchase chain shown below.

The common Standard Service provides a range of help including search, logistics and purchase support. Payment for the service is based on a % of your final purchase price. Any pre-purchase tasks are indeed billed but then detracted from the fee due at final purchase.

With the Innovative Service you're at liberty to pick and mix any element you might feel you require. Payment is calculated per job and is focused on achievement of specific goals.

Time

Monitor, Feedback & Correct

Holiday & Friends

Idea

Area Search

Property Search

Visits

Identify Shortlist

Paperwork & Purchase

Equip, Renovate Restore

Clearly Define & Revise:

  • Motivations

  • Resources
  • Hurdles
  • Objectives
  • Targets & Timescales

Notes:

  • Every stage brings higher costs
  • Unexpected events become increasingly expensive with time

  • Each stage requires management and monitoring
  • Earliest possible income at final stage

Step 1: "Idea"

The involves the creation of a document which embodies your ideas & motivations, identifies hurdles, timings and so on. If you're serious about investing in property we suggest you should be assembling something like this in any case.

This document will provide the bedrock of the final result and it is likely that it will have to be revised and corrected here and there as a consequence of your property search, area search and local visits.

We can provide some assistance by reading and raising questions. We can provide some simple pro-formas if you wish and even some background advice on what you might hope to get out of the property afterwards, including rentals. For example not everything is rentable and there's plenty of competition out there, so if this is an integral part of your plans there are a few extra considerations to be taken into account. 

The document includes: Clear definition of Motivations, Resources, Hurdles, Objectives, Targets and Timescales. It may at first appear like dreary form filling but it should be made interesting and inspiring. You will gradually fill the dreamy bits with substance and possibly shape and reshape. Photographs, cuttings and anything else of the sort are not amiss and all told it can quickly become something you may show and share with friends and family.

On the more dreary side it is important for you to define some budgets: have a look at the various stages of the property purchase chain, break it down by tasks, work out a personal cost and cost of being in the country, apply timings and set some cash against it. Make it credible so you at least have a chance of hitting your targets.

Getting the facts in and the details right is paramount, even if it takes a little time. Question marks will get raised and indeed you may well find that the picture doesn't always stack up. If left unidentified the gaps can become Very expensive mistakes. So don't skip the process.

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Step 2: Area Research

You probably have some ideas of what area you are interested in following a recent holiday or chatting with friends. However that doesn't mean that there might not be some areas with similar characteristics which are a little less known and promise the possibility of a higher return on your investment...

Extremely clear definition during stage 1 of your objectives, of what you are after and why, coupled with the elimination of preconceived ideas + some local research can yield those few extra % points of value.

We can provide local area visits and reports, including research into local council and political agendas, local taxes, forthcoming infrastructure development projects in the area etc. So long as the information is available to the public we should be able to get at it for you.

Fees for these services are subject to specific objectives agreed in advance with you. They are generally charged at convenient hourly/daily rates, possibly with caps to make sure that your research budget is held under control or improved upon.

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Step 3: Property Search

This is a relatively standard type of service offered by many agencies. The general practice is to charge an up-front amount + significant percentage of the final purchase price should you purchase through them. Try calculating 3% of the average 200,000Euro property purchase....

As with our other services we charge hourly work rates rather than a percentage of the final purchase price. However there is a cap on the charge, and payment is subject to satisfactory results of the search (ie we can't just provide you with a bunch of web addresses!).

However the real advantage we have is that we have little to gain whether you buy through one channel or another. Hence the search can be quite varied rather than limited to specific agency searches:

  1. agencies/internet
  2. local publications
  3. going for direct owner sales (potential 3-8% saving on real estate agency fees!)
  4. property auctions (bargains to be had but you definitely need some ground support if your going to go for it at a distance).

SO, standard search providers will tend to give you option "1", and a limited no 1 at that (ie their own agency/affiliates) - which in any case is their run of the mill business. This means you lose twice: you are quite unlikely to get any chance for the more juicy options 2,3 & 4 and you pay commission on top.

Clearly search options 2,3 &4 require a degree of leg work but try calculating the potential savings on that final budget....

Fees for these services are subject to specific objectives agreed in advance with you. They are generally charged at convenient hourly/daily rates, possibly with caps to make sure that your research budget is held under control or improved upon.

Search parameters are set with you and you will be provided with a full report of the investigation undertaken as well as the results. The search will be undertaken in the search area(s) you indicate and will continue until a predetermined number of suitable properties is found or until a time period has expired (ie on a basis of x hours research and/or y properties per week).

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Step 4: Visits

Those visits abroad are clearly part "business" part pleasure. Maximising the results of the business part means getting the most out at least cost. So what might "most" include and how can that be achieved?

Defining clear objectives and a little organisation ahead of time will go a long way. Logistical support in organising the trip or arranging (self catering?) accommodation at affordable costs always helps. An English-Italian speaker by your side during a day or two may prove to be handy. Not only will you want to deal with agencies and property owners but the odd informal chat with the locals can often prove to be most useful.

Then there's a little time to be spent on background planning of the trip and of course, last but not least making sure that it all gently fits in with the pleasurable parts of the trip.

On average a foreign buyer will make some 5-6 trips before finding and purchasing the chosen property. Each trip will have a number of cost headings, including:

This part of our services can be dealt with piece-meal or if you prefer as an all-in price for 1 trip or more. Service elements with which we can provide to give you a degree of advantage include:

Wherever possible we provide justification and highlight where the benefit and/or monetary saving is in a particular choice or element of the travel plan. Suggestions are subjected to your prior approval.

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Step 5: Short-list

An all-in-one type of service for those who want to limit the time spent going backwards and forwards and achieve the fastest results. Especially significant if you're considering making a return on the investment as soon as possible.

It does tend to imply the largest saving in time and money as the idea is you avoid some 3 or 4 trips + time. We find you something in the region of 5-10 properties which not only correspond to your objectives but furthermore have been directly vetted by us and approved as being suitable. We therefore have the time to research and raise any potential issues and risks, obvious work requirements, hidden costs and so on.

This service allows as much of the ground and research work to be done as possible before you actually come over so that you only spend your time on "useful" tasks. Your visit is organised ahead of time and we take you round one by one. Airport pickup and so on as per the "Visits" service.

Precise objectives, timings and service costs are set in advance with the customer but tend to be in the region of 2000 + expenses, subject to the tasks and objectives set.

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Step 6: Paperwork and Purchase

You may at some point want someone to be with you there present to give you a little extra moral support... Should you be unable to be present at any part of the process you can also name someone to be there and act on your behalf according to your specific request.

So if you need a hand getting that "Codice Fiscale", "Residenza" and so on we can offer a lending hand which should come to cost you a little less than the daily cost of being here yourself. Italian bureaucracy isn't always a "linear" thing and may take a day or two.

Generally charged on an hourly/daily basis + costs.

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Step 7: Equip, Renovate, Restore

This step would also include building projects. Yes we can provide valid support with this, especially as we ourselves owned a construction company so we have an idea or two on how to go about things. However because of the variety and significance of this type of work it is best to deal with things on a case by case.

Generally speaking, we provide:

Why? See the benefits section.

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Holiday Service

Whilst the "Holiday and Friends" step is usually the very spark of the buyer's process it often becomes an objective of the investment project. The property is refurbished and equipped so that it might be put to work for holiday letting but clearly that isn't in itself sufficient: like all ventures a little market knowledge and planning can make all the difference to getting the most out of the property and guess who happens to work in that line of business?

For further ideas on:

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