The deposit of the price
to the notary
The safest way to eliminate the risks of a transaction
The safety of the purchase
The certainty of payment
Safety
The buyer is exposed to the risk that, between the date of the deed of sale and the date of its registration in the real estate registers, an unexpected burden will be published against the seller: a mortgage, a seizure, a foreclosure, a judicial request , etc.
In order to reduce this risk, the firm of notary Marco Stra fulfills the obligation of transcription in a very short time.
However, to eliminate this risk , if "requested by at least one of the parties", the notary must keep the balance of the price intended for the seller on deposit until the formality of the transcription of the deed is carried out, with which it is acquired the certainty that the purchase was perfected without being burdened.
The deposited sums are absolutely safe : both because they are separated from the notary's assets (they do not fall in his succession, in the event of premature death; they do not go to the spouse's legal communion; they are unencumbered by his creditors) and because they are also unencumbered by the creditors of the seller.
The deposit of the price protects against the risk of prejudicial transcriptions or burdens in the delays between the stipulation and the transcription of the deed, but it can also be exploited in many other cases!
Certainty of payment
The deposit of the price also constitutes a protection for the seller .
It guarantees the correct and safe completion of the transfer of money from the buyer to the seller, who will collect the sums after a few days, but will not run any risk with regard to the effective collection of the agreed sum.
Furthermore, foreign customers will be able to take advantage of the notary's deposit account to transfer the money intended for the purchase to Italy , without necessarily having to open an Italian current account.
