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.
PRICE REDUCED - Full of character and charm, this 16th Century period Manoir is for sale at an amazing price for a quick sale. Located in a quiet setting with nearly 300m of River Mayenne frontage, ju...
- Plot Size: 65,000 square metres (6.50 hectares / 16.06 acres)
- Bedrooms: 8
Spacious 15th Century Chateau located in Touraine, with a round 950m2 of living space within the chateau alone, with a stunning vaulted reception room of 120m2. With some improvements already ...
- Floor Size: 950 square metres
- Plot Size: 70,000 square metres (7.00 hectares / 17.30 acres)
- Bedrooms: 11
Unique 2 bedroom dome home with a stunning architectural design and with the possibility of rotating the shell to make the best of the lovely countryside views and to have a differnt view throughout t...
- Floor Size: 116 square metres
- Bedrooms: 2
Lovely 6 bedroom home which was extensively extended and modernised about 10 years ago, and which now offers spacious and comfortable accommodation for family and guests alike. The current own...
- Floor Size: 135 square metres
- Plot Size: 40,000 square metres (4.00 hectares / 9.88 acres)
- Bedrooms: 6
PRICE REDUCED - Simply stunning, entirely renovated and beautifully restored Renaissance Chateau, ideally set within the middle of a private 17 hectare estate with various outbuildings, located to the...
- Floor Size: 1,000 square metres
- Plot Size: 170,000 square metres (17.00 hectares / 42.01 acres)
- Bedrooms: 16
This impressive chateau which dates back to the Renaissance period, stands in 21 hectares of land which includes 10 hectares of vineyard which is producing well and the sale includes the wine producin...
- Plot Size: 210,000 square metres (21.00 hectares / 51.89 acres)
- Bedrooms: 13
PRICE REDUCED - For anyone looking for a lifestyle change with income opportunity, this impressive character property in the heart of a Loire valley town has much to offer. An ideal choice fo...
- Floor Size: 342 square metres
- Plot Size: 600 square metres (0.06 hectares / 0.15 acres)
- Bedrooms: 6
Enchanting and carefully restored French Chateau in a peaceful country setting, offering comfortable accommodation and just a short distance from the local village and less than a 10 minute drive from...
- Plot Size: 47,000 square metres (4.70 hectares / 11.61 acres)
- Bedrooms: 10
Beautifully restored 17th Century Chateau style residence situated right in the heart of one of France's most beautiful villages. - High quality and sympathetic restoration - Superb conserv...
- Plot Size: 2,500 square metres (0.25 hectares / 0.62 acres)
- Bedrooms: 7
Impressive 12 bedroom French Chateau from the Nineteenth Century, just 20 minutes from Tours with TGV access to Paris in about an hour, with excellent views from its elevated position, annexes and set...
- Plot Size: 80,000 square metres (8.00 hectares / 19.77 acres)
- Bedrooms: 12