X1th Century Italian Castle for Sale
Only 4 weeks after having had our offer for Castello dei Pecorari accepted, we were back to undertake the exchange – orcompromesso. We had brought Ed and Rebecca Ross back with us, as they were contemplating the idea of moving to either Italy or France to set up a B&B business, and we wanted to show them the magic and possibilities that Le Marche region might provide
Together, we visited a number of possible Farm houses and restoration projects within a 10-20 kms radius of the castle. Our idea had always been to provide a range of activities and courses, but we needed to offer a lower cost option for the accommodation than a luxury hotel and Spa. We were hoping that Ed and Rebecca might be so taken with the project that they would consider setting up their B&B near us
Once again we parked our cars at the foot of the hill, and made our way gingerly up the weather beaten track to the castle.
It had lost none of its magic. The views on such a clear day were breath taking, and we were able to wander around the remains of the courtyard, mentally planning where we would site the restaurant, the Spa and the accommodation.
The following morning we all gathered at Cesare Belpasso’s office for the formal exchange. There were four individuals selling the castle and the various parcels of land – Piero Mochi, Pietro Mochi, Caselli and his wife XXXX. Since the reason for the sale was that none of them could agree what to do with the ruined castle, the atmosphere was a little tense.
Cesare had drawn up the exchange contract with infinite care and attention to detail. He read through each of the different articles that outlined the terms of the exchange, including the clause that stipulated the current owners would forfeit double the deposit plus any costs that we had incurred in the period between exchange and completion. Since the deposit was 20% of the purchase price, and we were planning to get straight on with the clearing operation, this gave us a feeling of real security.
With five of us to sign and initial an array of documents, the process took some time, but soon the contracts were signed, the deposit and expense paid and we had formally exchanged on Castello dei Pecorari
The reason for the sale was that none of them could agree what to do with the ruined castle, the atmosphere was a little tense.
Cesare had drawn up the exchange contract with infinite care and attention to detail. He read through each of the different articles that outlined the terms of the exchange, including the clause that stipulated the current owners would forfeit double the deposit plus any costs that we had incurred in the period between exchange and completion. Since the deposit was 20% of the purchase price, and we were planning to get straight on with the clearing operation, this gave us a feeling of real security.
With five of us to sign and initial an array of documents, the process took some time, but soon the contracts were signed, the deposit and expense paid and we had formally exchanged on Castello dei Pecorari
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