Pyrenees Atlantique Property
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 and spacious 19th Century house with 2 gites and 2 apartment, with a total living area of 511m2, ideally situated within a quiet and private setting on 6,375m2 of land, on the heights of Sali...
- Floor Size: 511 square metres
- Plot Size: 6,375 square metres (0.64 hectares / 1.58 acres)
- Bedrooms: 11
Late 19th century country house, which was almost totally rebuilt in 2010 whilst managing to presere the beautiful stone and oak structures, ideally situated in a quiet setting in Castetbon, within a ...
- Plot Size: 6,500 square metres (0.65 hectares / 1.61 acres)
- Bedrooms: 5
Marvellous 4 storey, 5 bedroom former abbey dating back to 1327, enjoying stunning views of the Soule Mountain Range, located near Mauleon Licharre. This magnificent ancient secular abbey is st...
- Floor Size: 560 square metres
- Bedrooms: 5
Impressive French chateau dating back to the Twelfth Century close to Orthez, set in almost 3 hectares of parkland with swimming pool and a variety of outbuildings. This magnificent and histo...
- Floor Size: 513 square metres
- Plot Size: 29,000 square metres (2.90 hectares / 7.17 acres)
- Bedrooms: 11
This stunning Maison de Maitre which dates back to the XVIIIth Century is set in 6,000m2 of land with enchanting and well planted garden. The estate comes with an independent apartment. Ideall...
- Floor Size: 356 square metres
- Plot Size: 6,140 square metres (0.61 hectares / 1.52 acres)
- Bedrooms: 8
This superb apartment in Biarritz is located in a most prestigious building, part of the Residence Regina which is a most sought after residence. The apartment comes with huge potential as it can be s...
- Floor Size: 220 square metres
- Bedrooms: 3