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.
In excellent condition throughout and full of character and charm, this superb 7 bedroom country farmhouse is totally private and set within the centre of a large plot of 48,540m2 with a swimming pool...
- Floor Size: 320 square metres
- Plot Size: 48,540 square metres (4.85 hectares / 11.99 acres)
- Bedrooms: 7
Grand and spacious property with a total of 11 bedrooms, situated within a stunning location set amongst rolling rural countryside and only 20 minutes from a main town with all facilities and just 8 m...
- Floor Size: 400 square metres
- Plot Size: 13,200 square metres (1.32 hectares / 3.26 acres)
- Bedrooms: 11
Superb 5 bedroom stone built house, with a total spacious living area of 435m2, set within a rural but not isolated plot of 53,000m2, within an elevated position with superb interrupted views over the...
- Floor Size: 435 square metres
- Plot Size: 53,000 square metres (5.30 hectares / 13.10 acres)
- Bedrooms: 5
Fabulous 4 bedroom detached house ideally situated within a quiet setting just outside Limoux in the Aude region. With a total living area of 177m2, this superb home is set within a large plot...
- Floor Size: 177 square metres
- Plot Size: 5,208 square metres (0.52 hectares / 1.29 acres)
- Bedrooms: 4
Charming and spacious 6 bedroom former winemaker's house with a totla living area of 250m2, ideally located in a quiet setting in Limoux, nestled within a large plot of 7,000m2 with panoramic views ov...
- Floor Size: 250 square metres
- Plot Size: 7,000 square metres (0.70 hectares / 1.73 acres)
- Bedrooms: 6
A beautiful stone farmhouse in the Limoux area of the Aude, with 3 gites, swimming pool and pretty countryside views. This lovely 6 bedroom property is located in a tranquil setting less than ...
- Floor Size: 228 square metres
- Plot Size: 19,780 square metres (1.98 hectares / 4.89 acres)
- Bedrooms: 6