France is a popular place to own a property, whether for holiday hideaway or permanent home. 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 France’s various regions for character, the local weather, prices, accessibility, architecture and countryside. 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 great idea would be to go on an estate fact-finding quest. Leave one of your weekends open in order to see the sights of your favorite regions and to look at properties. Plan ahead to make appointments with estate agents, giving them time to prepare a list of suitable properties, and make sure an English speaker is available if you need one.
If you see the perfect French property, be sure not to commit right away, especially if you’re pressured to sign a contract. First obtain a structural survey and valuation report. An appropriate survey might uncover some issues, which allows you to settle for a discount in the price. A bilingual solicitor who specialises in the French property market can advise on contracts and French conveyancing law.
There are two main stages for purchasing a property. 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 will be binding, subject to some formalities and conditions. Second, after you have paid the agreed upon asking price of the property, you will sign a deed of sale or in French an “acte de vente” and you will be home sweet home!
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