Buono Giorno. REI

[Henry Clark]

Doing Xmas and new years near Lucca Italy.  My brother and his wife will be here for 5 years and are looking for a house.  Everywhere is different so passing along some experiences.

They have looked at about 30 houses.  None are a fit.    

Taxes aren’t paid, no legal ownership of road, ADUs or the entire house not permitted, upgrades, repairs needed, etc.

 Getting ready to make an offer on a house in Lucca.  Has a full upstairs kitchen and living area.  And a full downstairs.  Problem is by district rules are different.  Primary house could be zero property taxes.  Secondary house could be up to 14%.  He plans to put a circular staircase inside the house so it is one house.  Currently separate outside stairs to second floor.

Most of the house he has looked at they would leave all of the furniture, lawnmowers and tractor.  

Only seller realtor.  No buyer realtor.  3% sales commission.  

Buyer uses a Geometra professional. They check the physical house, legal permits, taxes, liens, future plan design, getting contractors, doing estimates.   Attorney handles the legal contract.  Buyer pays for both of these.  

Lots of properties on the market but no MLS. You have to check with each realtor to see what they have listed.

Each town sets its own downpayment and interest rate.  Was 1.5% and 15% down about 4 months ago.  Now 4.4% and 30% down.  

Enough of a break.  Time for Lunch.