The Buying Process
Buying a property for sale in France does not need to be a difficult process but it can be if you try and 'go it alone'. The good news is that our services are free! so you can proceed safe in the knowledge that you have us on your side and the services of our 'network of experts' on hand.
There are no hidden fees or charges for our service. The price you pay is the same as anyone walking through the door of the agency, and therefore the same as the price paid by the French buyer. Estate agents (Immobilier) and notaires in France are obliged by law to display their commission rates prominently in their office.
All our Estate Agents and High Street French Agents are registered and insured in France: all are holders of the 'carte professionnelle' as required by French law.
So when you buy through Clé France you can be confident that you are paying no more than the standard commission rates you would pay anyway, but you have the added benefit of a bi-lingual support team.
Buying a property for sale in France can be a daunting task but we have sold many properties in France over many years so with Cle France you are in good hands.
You may be looking for a Holiday home or a countryside Farmhouse for sale, it may be a building plot or a lake for sale, or indeed you may be looking to buy a Maison de Maitre or a Chateaux, for us they are all the same as is the buying process, with a few tweaks here and there!
- Vendor and Buyer agree on the price and terms of the contract, including any conditional clauses (clauses suspensives) and any furniture to be included in the sale.
- The preliminary sales contract (compromise de vente) is drawn up by the notaire, and signed by both parties. The buyer pays the deposit (usually 10% of the purchase price) to the notaire, and a seven-day cooling off period ensues, during which the buyer can withdraw, but the vendor cannot. After this seven-day period, the contract is legally binding. If the buyer pulls out after this, he forfeits his deposit.
- If you are going to buy with a mortgage now is the time to put in your application. However, it is better to get the mortgage agreed in principle before you start your search, to avoid disappointment later.
- If you are taking out a mortgage, this will be a condition of the preliminary sales contract, giving you the possibility of pulling out, should your application be turned down. Once the offer is confirmed, the notaire will be notified and the contract becomes unconditional.
- The notaire does all the conveyancing, which typically takes around 8-10 weeks. When the paperwork is ready, the notaire confirms the date and time of the final signing of the Acte de vente.
- The buyer must transfer the balance of payment to the notaire in advance of completion day.
- On the day of completion, all parties meet with the notaire (the buyer can appoint a proxy), keys and an attestation de vente are handed over, and ownership is transferred. The final acte de vente papers are then sent out around 3-6 months later.
So there you have it! not so difficult after all to buy a property in France, but make sure you have the best advice along the way, let us take care of all the stress and risk for you and find you your dream home in France.
For everything you need to know about French property for sale visit www.clefrance.co.uk