French Properties with Lakes and Ponds
Guide to the French Buying Process
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.
IMPORTANT - Disclaimer :
All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.
A unique opportunity to acquire a superb collection of traditional stone buildings, all in excellent condition, with pool and equestrian facilities, set in over 20 hectares of beautiful countryside
Impressive and carefully restored hilltop chateau with excellent panoramic views over the surrounding countryside, set in almost 14 acres of land. The entire property is in impeccable condi...
- Floor Size: 750 square metres
- Plot Size: 56,000 square metres (5.60 hectares / 13.84 acres)
- Bedrooms: 11
A unique opportunity to purchase a stone built property also a house shell, in very good condition, plus large barn, garage, stables, paddocks and lake. Set in 13.5 hectares of gardens, paddocks, and ...
- Floor Size: 230 square metres
- Plot Size: 13,500 square metres (1.35 hectares / 3.34 acres)
- Bedrooms: 6
Amazing historical property dating back to the Tenth Century which has been lovingly restored, set in 15 acres of beautiful gardens with pond, lake and woodland, on the outskirts of a small village w...
- Floor Size: 320 square metres
- Plot Size: 60,000 square metres (6.00 hectares / 14.83 acres)
- Bedrooms: 4
Grand, spacious and immaculately refurbished, this 11 bedroom authentic mill is ideally located in a quiet setting close to Isle-sur-la-Sorgue. With its origins dating from the 17th Century, th...
- Floor Size: 875 square metres
- Plot Size: 120,000 square metres (12.00 hectares / 29.65 acres)
- Bedrooms: 11
Ideally located near Cannes, within a quiet landscaped plot of 8,990m2 with a swimming pool and beautiful pond, hidden away from sight and not overlooked, yet just a 15 minute walk from the villages o...
- Floor Size: 351 square metres
- Plot Size: 8,990 square metres (0.90 hectares / 2.22 acres)
- Bedrooms: 8
Superb 18th Century French chateau, ideally situated in a quiet countryside setting. The property is located between Saint Gaudens and Aspet. The TGV Toulouse is 1 hour 15 minutes away and Toulouse ...
- Floor Size: 700 square metres
- Plot Size: 40,000 square metres (4.00 hectares / 9.88 acres)
- Bedrooms: 10
Charming and spacious stone built farmhouse with a total of 8 bedrooms, which is currently being run as a successful equestrian property, set within a large 15 hectare plot situated in a quiet setting...
- Floor Size: 300 square metres
- Plot Size: 150,000 square metres (15.00 hectares / 37.07 acres)
- Bedrooms: 8
Grand and spacious 7 bedroom home, ideally situated within an exclusive and heavenly location alongside a river, with versatile accommodation offering an income and equestrian facilities. Set ...
- Floor Size: 450 square metres
- Plot Size: 12,500 square metres (1.25 hectares / 3.09 acres)
- Bedrooms: 7
Grand, spacious and romantic French Chateau with a total of 6 bedrooms, set within over 3 acres of land, located near a lake, river and many walks and all shops and amenities are just a short drive a...
- Floor Size: 340 square metres
- Plot Size: 12,575 square metres (1.26 hectares / 3.11 acres)
- Bedrooms: 6