France » The Purchase Process

The real estate property purchase in France is very easy as France real estate purchase process is very simple and well governed. Every year many thousands of foreign purchasers buy in France without troubles or complexities.

 

Some property purchasers see problems because they have not understood correct France property buying process. One of the most important hurdles in communication arises as the positional buyers do not know how to speak French language.

 

This purchase process portion in Official website of IPBRE gives you useful tips in the issue of how to buy a home in France. 

 

The France home purchasing procedure is as under.   

Types of Sale/Purchase Contract

There are two types of contracts use in the French property market. One is called a Promesse de Vente and other one is called Compromis de Vente. But second type of contract; Compromis de Vente, is mostly used in contract procedures. 

Contract signing 

Contract paper can be signed through an estate agent in France or a notary. Some reservations are used in these contract signing procedures. These reservations can be discussed with the estate agent or notary. Some agents provide translated copy of these contract papers as well. 

About notary role in the purchase process

Notary tells you all the legal implication of the property and nature of France house buying process. These notaries are also liable to give you advices by focusing your financial circumstances. Notaries are legally bound to tell you about the contract you are going to sign. 

Role of Legal advisors

Some purchasers also buy the services of legal advisors with specialised skills in the France apartments buying process.  

 

Contract Conditions

The following aliments have very key role in fulfilling the contract conditions.

• Pre Contract Enquiries
• Conditional Clauses
• Cooling Off Period
• Options to Buy
• Deposit
• Statutory Disclosures
• Local Rates
• Fixtures/Fittings

Surveys

The survey part in the France property purchase process consists of the following steps.

• Statutory Surveys
• Building Survey
• Land Survey

Other Formalities

List of other formalities important for the completion of the property purchase process are.

• Transfer of Funds
• Completion Date
• Condition of Property
• Signature of Deed of Sale
• Certificate of Purchase

Fees & Taxes

Fees, taxes and other costs associated with the purchase process are given bellow. 

• Notary Fees
• House Buying Taxes
• Calculating Costs
• Reducing Costs