Income Potential 7 bedroom House for sale with countryside view in Montcuq, Occitanie
This magnificent property comprises of a main house of 130 m2 with 3 bedrooms and its swimming pool, a gite of 80 m2 with its private swimming pool, a partly converted barn of
260 m2 and its awning of 100 m2, a dovecote and its adjoining small house of 70 m2, and a shed on two levels of 123 m2.
The different buildings have been designed to be able to operate independently of others.
The main house has a stairwell entrance of 8...
This magnificent property comprises of a main house of 130 m2 with 3 bedrooms and its swimming pool, a gite of 80 m2 with its private swimming pool, a partly converted barn of
260 m2 and its awning of 100 m2, a dovecote and its adjoining small house of 70 m2, and a shed on two levels of 123 m2.
The different buildings have been designed to be able to operate independently of others.
The main house has a stairwell entrance of 8 m2, kitchen with its fireplace at table height of 21.5 m2, a 41m2 living room with its central wood stove, and bright office 21 m2.
On the garden level is a clearance of 3 m2, bedroom of 14 m2 with a walk in wardrobe (2.5m2), a 7 m2 bathroom, and WC of 1.5 m2.
On the second level is a clearance of 3.5 m2, a room of 20 m2 on the ground, a room of 23 m2 on the ground, a 5 m2 shower room, WC 1.5 m2 and vaulted cellar of 62 m2 accessible from the outside.
The lean-to barn of 85 m2 comprises of 68 m2 converted into a reception room, fireplace, and swimming pool access. The remains of the barn is in its agricultural state.
The swimming pool is 6 x 12 m, and hangar on 2 levels 123 m2.
Dovecote and adjoining building 2 levels of 21 m2, an 80m2 cottage with terrace overlooking a private heated swimming pool (7m x 3.5m).
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This House is located in Montcuq in France
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Buying a Property in France
1. Signing the Agreement (Compris)
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner.
The next step, once you are in agreement, is to sign the preliminary contract (Compromis de Vente). This is a legal document and after ten days will be binding on both parties. Rules change frequently in France and it is best to consult with your notary about when this period starts. Generally the compris will be signed in France with the Agent.
Variants can be included in the compris, for example an Acte (clause) can be added if the name or names to go on the title deed have not been finalised. If a mortgage will be required to purchase the property, the details for this, including the name of the mortgage company, must be on the compris.
2. Paying the Deposit
Generally the deposit will be 10% of the agreed purchase price. This will normally be paid to the notaire. There are exceptions to this, if the agent holds a carte professionelle, is bonded and fully registered then you may pay them, but do not hand over the deposit to anyone else. If for some reason the purchase does not go through, for example, if you write to the notaire and the agent that you do not wish to go continue with the purchase before the contract is binding (within seven days of signing the compris), then your deposit would be repaid. This would also apply if a condition had not been met, or the mayor or S.A.F.E.R. (a government agency that has the right of first purchase on most rural property that comes onto the market in France) could oblige the purchaser to give way. If you decide after the seven days 'cooling off' period that you do not wish to complete the purchase and pull out of the sale you would lose your deposit. If however the vendor pulls out of the sale then you will receive your deposit back plus the same amount from the vendor.
3. On Completion
Generally it will take around two or three months to complete the purchase.
During this time the balance of the purchase money must be paid into the account of the notaire, this must be done well ahead of the completion date. The notaire will prepare the documents, check that the deed of sale (Acte de Vente) is in order and have the legal title ready to be signed over. It is possible to have someone sign on your behalf if you give them power of attorney. An interpreter may be of use at this point if your French is not very good and many Notaires will suggest (or insist) that an interpreter is with you.