Loire Valley Property
The Loire Valley has long been famous for the beauty of its scenery and the numerous attractive buildings. The area has one of the largest concentrations of manor houses and chateaux, drawing in thousands of tourists each year.
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 delightful Eighteenth Century manor house in a lovely rural setting with landscaped grounds of 5 acres and currently successfully operating as a prestigious B&B and gite business. This won...
- Floor Size: 345 square metres
- Plot Size: 20,350 square metres (2.04 hectares / 5.03 acres)
- Bedrooms: 9
Immaculate and spacious French Chateau with a vineyard and gites, situated in a quiet and great location less than 10 minutes from Chenonceau and Blere. In excellent condition throughout, this ...
- Plot Size: 210,000 square metres (21.00 hectares / 51.89 acres)
- Bedrooms: 13
Grand, spacious and impressive 19 Century chateau, which has been beautifully improved and maintained by the current owners over the last 2 decades, during which they have been resident. Refur...
- Floor Size: 1,200 square metres
- Plot Size: 150,000 square metres (15.00 hectares / 37.07 acres)
- Bedrooms: 17
Charming and nicely renovated character property with outbuildings in the Loire, just 20 minutes from Angers, set in over 3 acres of land with swimming pool. This old 'monastiere' comes with p...
- Floor Size: 270 square metres
- Plot Size: 13,474 square metres (1.35 hectares / 3.33 acres)
- Bedrooms: 3
Impressive and imposing French Chateau set in an estate of over 25 acres including private airstrip close to Angers in the Loire Valley with 24 bedrooms. Just 10 minutes from the centre of An...
- Floor Size: 1,100 square metres
- Plot Size: 110,000 square metres (11.00 hectares / 27.18 acres)
- Bedrooms: 24
A beautiful and newly renovated period character property, nicely set in a very quiet wooded corner of Vendome offering comfortable family accommodation and guest lodge within10 acres of private park...
- Plot Size: 40,000 square metres (4.00 hectares / 9.88 acres)
- Bedrooms: 7
Spacious and beautifully presented period Chateau, situated in a quiet setting hidden from sight, located on the edge of a charming village and just a short drive from a little town with a good select...
- Plot Size: 25,000 square metres (2.50 hectares / 6.18 acres)
- Bedrooms: 11
Spacious, beautifully presented and unique chateau style property,with high painted ceilings, ornate fireplaces, plaster mouldings and ceiling roses, large picture window overlooking a park, ideally s...
- Plot Size: 9,000 square metres (0.90 hectares / 2.22 acres)
- Bedrooms: 7
A beautiful character water mill on the river Loir that has been carefully and sympathetically renovated to provide spacious accommodation including a 2 bedroom gite, with lovely gardens, and outbuil...
- Floor Size: 324 square metres
- Plot Size: 166,941 square metres (16.69 hectares / 41.25 acres)
- Bedrooms: 6
Superb property with a total of 10 bedrooms, ideally situated in a great setting just a short drive from Loches, which is one of the most highly sought after areas in Loire valley. Recently upd...
- Plot Size: 52,900 square metres (5.29 hectares / 13.07 acres)
- Bedrooms: 10