Archive for March, 2007

Private Property Sales

March 21, 2007 at 2:56 pm · Filed under Feature, France, French Property, Property Market

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In France Private Property Sales account for a large share of the total number of properties sold in France. Why? Well one reason is the fee / commission that Immobilier (Estate Agents / Realtors) add to the property price. This fee can be 5 to 10% of the price! So the vendor thinks his price will be more attractive with a private sale!
So it is a big carrott - for a selection of French Private Sales < < click here.

If you want to go down this path - remember all property transactions in France are performed by Notaires. Do not part with cash to a vendor however tempting the price! The property transfer will not be legal unless the Notary has checked and notarised the sale. The notaire's fee including taxes will be about 7 to 9% of the purchase price. Documentation will be in French and you need to understand what you are signing.
In addition, we would recommend that a surveyor (or at the very least a local builder) has checked the property for problems and estimated the costs of renovation or repairs needed.

The Comfort Factor

If you want a helping hand when buying a French property, then get the comfort factor of using an Immobilier who is experienced in selling to the English. They will often help you through the purchase process, including negotiating a better price with the vendor, arranging mortgages (at better rates), translating documents, arrange the transfer of utilities (gaz, electricity, phone, etc.) into your name, recommend builders, etc. You could also end up saving money by using the services of an Immobilier!

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