BUYING IN SICILY

Buying in Sicily is unique in it's own way. Property in some small town could cost you as little as £12,000.00, and with some modifications, could make for a good second home. Or just pull it down and build a new one for as little as £25,000.00.

The beaches are great, the weather is good for most of the year, which means that you can pop over to Sicily anytime in order to enjoys its beaches, scenic sites and sunshine.

You may pay the full amount of the property and take immediate possession. (Full contract completed)

You may opt to pay half as a deposit (first-part contract), gain immediate and sole access to the property to live in or use as you wish, then pay the balance as and when agreed with owner. (During this period, if either party pulls out or fails to hold to payment agreement made, that party forfeits an amount equal to the deposit paid - plus the value of any improvements the purchaser has made to the property.)

When the time comes to pay the balance, the second-part contract is completed and the deeds then become yours. In other words, if you pull out and do not complete, you will lose the amount of the deposit laid. Likewise though, should he pull out, he then is liable to pay you the deposit laid. Needless to say, few if any ever pull out and 'gazzumping' isn't known here.

It is possible in some cases, and in agreement with the owner, to pay a smaller deposit and to agree stage payments of the outstanding balance. Please note though that legal requirement is minimum 50% to gain legal access to the property and any deposit of less than 50% will not allow you access to the property until at least 50% of purchase price has been paid..