the process

We understand that it can be a bit scary when you are considering purchasing a home in a foreign country, especially one where the natives speak another language. Our aim is to make the process as smooth as possible and we are on hand through out. Many people arrive with us either knowing a bit about the process, others are well versed whilst some know nothing. Our aim here is to outline the purchase process from start to finish, of course there are slight variations, we hope this will allay any fears you may have.

You have found you property, made an offer, which has been accepted, what next?

• The agent will collect details from you, copies of passports, birth and marriage certificates remember to bring these documents with you)
• The first paper you will sign is an offer document, stating who you are and which property you are interested in purchasing and the agreed price.
• Next comes the compromis de vente, the first legal document, signed by the vendor and the purchaser. Again this lists all relevant details of the house and people involved, with this you will have a copy of the cadastral plan(document showing the plot and buildings with the land registry number marked).
• After signing the compromis de vente you will be given your seven-day retraction letter, you now have seven days in which you can change you mind at no cost.
• The seven days has passed and you have not changed your mind, if a deposit is to be paid now is the time to transfer your deposit (normally between 5 and 10 percent of the purchase price of the house, but not obligatory, it is paid on agreement between the two parties involved).
• After the end of the seven day period all paper work is lodged with the chosen notaire and he begins his work on the sale and advises on inheritance wishes.
• Six to eight weeks later and the notaire will set the date for completion and advise on the balance of funds to transfer.
• Completion is held in the notaries office, normally with both parties present, every one signs the acte authentique and you will get a copy of the deeds when it has been registered. Asbestos, termite and lead tests Depending on the location of the property certain tests are required, these reports will be supplied at the cost of the vendor and you will be advised on the findings.

Things to bring with you

Birth and marriage certificates, divorce papers, documents concerning any change of name and passports.

f.a.q.

• Do we need to pay a deposit and if so when? No, a deposit is not obligatory, but it does show the seller that you are serious. If a deposit is to be paid it is done so by mutual agreement of both parties and is only payable after the seven-day period has passed. It is paid into the notaires bank account and is normally between 5 and 10% of the purchase price.
• It is usual to pay the asking price or can we make an offer? Yes, an offer can usually be made but be advised by the agent as they know the vendor and making a silly low offer can offend the vendor, he may not then even listen to a higher offer.
• How long does it take to complete on a property in France? Normally the whole process takes between 8 - 10 weeks, but this time can be extended or shortened to suit both parties.
• Do we need a bank account in France? No, as all funds for the purchase are transferred direct to the notaires account, having said that it is a good idea to open an account to pay insurance and utility bills.
• How do we open a bank account in France? We can do it for you, all we need is a simple letter and a form filled in, we then take these to our local bank and within a few days you will have your account number, remember banking here is different to England, you get charged for the service here. For example a join account with cheque book and one card will cost from Twelve euros a month.
• How and when do we insure our new property? We will organise a quote and cover letter for the completion of your property, the insurance agent will then visit you to put the policy in place. Yes, he speaks Engish.