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Clé France

The French Property Network

Sep 3

What is the 'Compromis de Vente'

A common question I often get asked is "if I see the property I want to buy in France and make an offer on it, what happens next"?

Once you have made your offer on a property in France and it has been accepted the 'Compromis de Vente' is the first document you will sign. It details the main terms of the agreement between the buyer and the seller.

Normally you (the buyer) will pay a 10% deposit on signing the agreement, which is held by the notaire. The agreement has to be signed by both parties and it is a legally binding agreement – there is a 10 day cooling off period and certain clauses can be added in ie. 'subject to mortgage application' or 'subject to CU being granted' etc.

The 'Compromis de Vente' will include an estimated date when the 'Acte Authentique' (the contract of sale) is ready to be signed. Note that this date is not legally binding and is really used as a target date. For the the agreement to be drawn up you will need to provide your passport, marriage / divorce papers. If you are borrowing money you will also need the relevant paperwork.

So if you are planning a viewing trip to look for your perfect property in France and want to act quick when you find it, take these documents with you! If you have any specific questions about buying a house in France then get in touch and I would be only to happy to help.

Blog submitted by: Sharon at Cle France.

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Sep 3

Where to Start?

If you are looking to move to France from the UK, then you might be surprised at just how simple the whole process of buying a house in France can be.

Many people will be surprised at how uncomplicated it can be to move to France. Many people start out by being 'wary' of buying in France, because the culture is so different but the process of buying a house in France is actually really simple.

It is a simple system and a system that I think gives the buyer considerable support. It is a safe system, a well-tried and tested system and it is quite logical.

Also 'gazumping' is not common in France as the sellers of properties generally stick to their first acceptance.

For more information go to our "The Buying Prcoess" page or better still give me a call or contact me via the website.

Blog Submitted by: Sharon at Cle France.

Add CommentViews: 425

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