France is a very popular place to be a property owner, whether that be a permanent home or a vacation hideaway. The quality of living is superior, the cost of living is reasonable, the land is easily reached and the weather conditions are fair. Now, how does one uncover a French property – and what information is needed in regards to the buying process?
Research the regions of France for local weather and character, accessibility, prices, countryside and architecture. You could utilize the Internet and estate agent brochures in order to accomplish this, as many additionally incorporate regional guides, expert, methodical and legal advice, aside from the usual list of estate for sale.
A property fact finding mission is a good idea. Take a long weekend and explore your favorite region, viewing the properties. Organize your plans for estate agent appointments, thus providing them with the time to conjure a list of appropriate properties, and be sure to have an English speaker at your call if something comes up.
If you see the perfect French property, be sure not to commit right away, especially if you’re pressured to sign a contract. First get a valuation report and a structural survey. An appropriate survey might uncover some issues, which allows you to settle for a discount in the price. You should really get a lawyer who specializes in French Real Estate law and who will help write up a good purchase agreement.
The purchase procedure is in two main stages. Once you choose a property and agree a price, you will likely be asked to sign a preliminary purchase contract and will have to pay a deposit, which is usually 10% of the purchase price.
The contract binds the purchaser to a range of stipulations and regulations. The second stage is signing an acte de vente (deed of sale), when ownership of the property is transferred to you and the full amount of the purchase price is paid.
