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#1 30-11-2017 03:03:19

Séniors National
Date d'inscription: 23-11-2015
Messages: 1008

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For those looking for a property in France here are some tips to take account of.

Property in France is highly attractive to expatriates.

Foreigners can buy real estate without any rerstrictions but the laws governing the purchase and re-sale can actually depend on the type of property and the location of property.

For example the laws relating to the buying of forrerstry land will be different to the rules governing the buying of a freehold dwelling.

You should always seek the advice of an independent lawyer when purchasing any property- especially if purchasing in a different country.

The buying process France is usually as follows:-

The vendor and buyer agree on a buying price.

A lawyer will write up a legally binding contract which both parties then sign.

A ten percent deposit is paid at this point. This deposit should be held in a secure account until the purchase completion.

Due diligence then begin and the property is withdrawn from the market.

If the buyer withdraws out of the contract at this point the deposit would be lost.

When due diligence have been completed satisfactorily Tyler Bozak Jersey , a contract will be signed by both the vendor and buyer at the Notary锟絪 office.

The deeds will pass to the purchaser, the land registry will be updated and the remainder of the purchase price is paid.

The fees you can expect to pay are as follows:-

1) The Lawyer fee will be around three percent of the purchase price.

2) Transfer tax 7.5% (less than 1% for properties)

3) Registration fees will be about another six percent.

3) Estate agents fees can top 15%, but are normally between seven and 8% - you should whether you are liable for these before you go forward with considering real estate.

For more information on buying a property in France please visit
Author's Resource Box

The Property Guru

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