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.
Charming south facing refurbished 18th/19th Century "Maison de Vignes", on the edge of the Loir-et-Cher & Sarthe areas, which has been tastefully decorated using modern materials to blend in with the ...
- Plot Size: 4,200 square metres (0.42 hectares / 1.04 acres)
- Bedrooms: 2
Charming home dating back to 1856, completely renovated in the late 80's/early 90's and has since been improved to the high standard that it is today. The 3 separate buildings offer ample space for a ...
- Plot Size: 50,000 square metres (5.00 hectares / 12.36 acres)
- Bedrooms: 8
Located in a small quiet hamlet in the countryside south of Amboise this charming manor house offers comfortable accommodation steeped in character. Ground floor: entrance hall with period tile...
- Plot Size: 2,800 square metres (0.28 hectares / 0.69 acres)
- Bedrooms: 4
Beautifully designed spacious family home, benefitting from a superb tranquil location with no passing traffic, private large garden, pool, geothermic underfloor heating and excellent access to local ...
- Plot Size: 15,000 square metres (1.50 hectares / 3.71 acres)
- Bedrooms: 6
Built in 1882 in the style of Napoleon the 3rd by architect Pierre-Felix Delarue. 4 floors providing over 1,500m2 of habitable space with separate guest/hotel complex. A home and business with enormou...
- Floor Size: 1,500 square metres
- Plot Size: 80,000 square metres (8.00 hectares / 19.77 acres)
- Bedrooms: 29
Superb Loire chateau near Angers. Imposing chateau in need of renovation, constructed by the architect René Hodé (1811-1874), very authentic. About 2150sqm of living space comprising sp...
- Floor Size: 2,150 square metres
- Plot Size: 110,000 square metres (11.00 hectares / 27.18 acres)
- Bedrooms: 31