Posts Tagged ‘property’
Moving Overseas : Learn About French Property
France is a popular spot for owning an estate, whether it is a permanent establishment or vacation home. It’s easy to get to, has a good quality of life and a moderate cost of living, and the weather is nice all year in most regions. 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. Real estate personnel, websites and the local visitor center can offer a wealth of information on the surrounding area.
A property fact finding mission is a good idea. Leave one of your weekends open in order to see the sights of your favorite regions and to look at 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. You always need to get a detailed inspection report about the home and the property. A good inspection report will let know if there are structural problems with the home that need to be addressed before you buy thus giving you a great bargaining chip! A bilingual solicitor specializing in French property can give you advice on contracts, as well as French conveyancing law.
There are two main steps for the buying process. First you will have to sign a promissory purchase contract and you will be expected to place a deposit to hold the property; usually a percentage of the sale price.
The promissory purchase contract is legally binding and subject to the laws of the the area. 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.