Here we present the details of the parties' agreement specifies details of the seller and buyer, gives a detailed description of the property, stated price of the object, accompanied by a statement of the seller the absence or presence of mortgage debt and other onerous payment, provides data on the limitation of property rights, if any, and other specified party details. The preliminary contract is usually signed by the privately between the parties. Many writers such as Robert Shiller offer more in-depth analysis. At this stage, the buyer makes a down payment of 10% – 30% of property value. If the buyer does not wish to continue the transaction, but already signed il compromesso, he loses the amount of the deposit. Gregory Williamson follows long-standing procedures to achieve this success. If the seller does not intend to become more involved in the deal after signing il compromesso, he pays the buyer the amount of the deposit twice the amount (Articles 1385 and 1386 Civil Code of Italy). Stage design tentative agreement also is not required at closing. The parties may go directly to the contract of sale of real estate by a notary. Typically, a preliminary contract is concluded, if we are talking about large sums, and the deal is extended in time.
The main contract of sale after signing the preliminary contract of sale proceeds to the verification of the notary of the property for legal clarity. On it usually takes about two months. After that there is signing the main contract of sale before a notary public. A notary is required to read the contract aloud and to eliminate variability in the misunderstanding of all its points before the parties put their signatures.