The reasons why investors usually buy cheap property for sale by owner in Rome, Italy (FSBO) is because this can offer some unique advantages, but it also comes with some risks.
Rome is the capital city of Italy, and one of the most visited cities internationall that supports a strong tourism market which in turn supports a healthy luxury real estate rental market. This offers good opportunities for property investors seeking income through short-term or holiday or vacation rentals.
In addition, Rome also attracts high-net-worth individuals looking for luxury properties for sale to use for personal use, investment or at times a mixture of both.
Located in the central-western part of the country, Rome is situated within the Lazio region, and is seen as a hub in Italy for culture, politics, religion, and commerce, and attracts millions of visitors each year, again supporting property investments and capital appreciation.
Buying cheap homes for 'Sale by Owner' is usually down to a lower price, there are No Agent Fees, as sellers often price FSBO properties lower because they're not paying a real estate agent commission which can be 5-6% of the sale price.
As a buyer or investor, there may be room to negotiate a better deal directly with the owner, which may allow for more flexible terms and quicker and easier negotiation.
If the property is undervalued due to being in poor condition or in a transitioning neighborhood, renovate to hold and build equity over time could be viable.
FSBO properties are often marketed less aggressively, meaning fewer buyers may be aware of the listing, and these properties are ideal for investors or looking to buy at a low price as FSBO deals are often below market value when requiring attention.
A higher risk of errors in paperwork or missing disclosures can though occur, so due diligence is required at all stages, and hiring a real estate attorney for the legal aspect is essential.
If you are an experienced buyer or investor, have cash on-hand or good options on financing, buying cheap homes in Rome, Italy that is for 'Sale by Owner' can be an option.
If looking at Italy as an overseas or foreign investor or buyer into Italian real estate, those who typically invest or purchase at €250,000 which varies according to the area chosen, can obtain Italian residency through the Golden Visa Program, making Italy an attractive gateway to the EU.
Italy offers both stability and opportunity to buyers and investors, as tourism to Italy brings in over 30 million visitors across the mainland and the Italian Isles.
Real Estate Agents and Property Developers in Rome, Italy
