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 - A very impressive 19th Century French chateau with 20 bedrooms, set in 2 hectares of private parkland and yet beautifully positioned in the heart of popular Loire valley town.
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- Plot Size: 140,000 square metres (14.00 hectares / 34.60 acres)
- Bedrooms: 10
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- Bedrooms: 18
This impressive estate which is located seventeen kilometres north of Tours, dates back to 1642 and comes with two guest lodges in the extensive grounds of 6.5 hectares with towering mature trees, som...
- Floor Size: 500 square metres
- Plot Size: 65,000 square metres (6.50 hectares / 16.06 acres)
- Bedrooms: 10
Impressive traditional style Solognote farmhouse, nicely situated on the edge of the Forest of Orleans and just an hour from Paris and set in a 58-hectare private hunting estate with fishing lakes....
- Floor Size: 330 square metres
- Plot Size: 580,000 square metres (58.00 hectares / 143.32 acres)
- Bedrooms: 4
PRICE REDUCED - A classic and newly restored Nineteenth Century Loire Chateau, well situated south-east of the popular market town and tourist destination of Loches and an hours drive from Tours, with...
- Plot Size: 66,000 square metres (6.60 hectares / 16.31 acres)
- Bedrooms: 15
An enchanting and very nicely presented French chateau with origins in the Eighteenth Century, set in 30 hectares of private estate and in just a a short drive south from the popular market town of L...
- Floor Size: 1,800 square metres
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- Bedrooms: 12
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- Plot Size: 20,000 square metres (2.00 hectares / 4.94 acres)
- Bedrooms: 6
PRICE REDUCED - Just 17 kilometres north of Tours, this beautiful XVth century home comes with enormous possibilities for income from an equestrian centre, B&B, Gites or just a luxury private residenc...
- Plot Size: 110,000 square metres (11.00 hectares / 27.18 acres)
- Bedrooms: 13
PRICE REDUCED - Located in the heart of the Loire Valley, and only 12 minutes from Tours, this magnificent chateau comes with 15 bedrooms and a beautiful landscaped garden. The TGV gets one to...
- Floor Size: 775 square metres
- Plot Size: 50,000 square metres (5.00 hectares / 12.36 acres)
- Bedrooms: 15