process of buying property in France, a frightening prospect for some of the other as in Britain or Ireland. To help we have put together six tips to help you in your search property rights help to detect and the final sale. These tips will help not only more efficient and pleasant, but also an understanding of what your property purchase in France, brings.
1) spend a few days its worth it!
If you are serious about yourBuy in France, you must spend at least a couple of days, if not a week or more for the environment you want a really good feel for your property, but also see enough to make the trip worth it. A longer trip will also prevent rash decisions which you make a property purchase on one because you're short of time in France and desperate to get a foothold.
Viewing trips over a long weekend are often not sufficient and complete, these agenciesClosed Sunday and Monday are often also may mean that you really are not enough options to be able to make a rational decision. The best advice is a good week to spend days in ten locations chosen with five or six days for sightseeing and a few more days to do your research if you find something suitable. In these extra days, you can send to a local builder to check the structure of ownership and gives you all the work that is required. AreAlso gives you the opportunity to the local mayor's office Pop, where gathering information, like any planning permission granted in the area so that you can see how it could affect your property, if any.
This is particularly important if you plan to apply for an extension to protect your property you need to reach local authorities are well aware, and your page. If renovation or new construction of these additional days can be spent wisely with a local architect, soThey give advice on what can and can not be done and possible costs. All these controls are well worth before returning to the UK and, ideally, before you bid on the property, like her much better idea of what you can with the property and its value should do to you.
2) Do not be afraid to negotiate
Most people are not sure whether to negotiate in France, and if so to what extent. The answer is YES and you can negotiate is usually between 50-10%the price depends on the state of the market. As I write these areas, we see an up to 10% off the manufacturer, adopted through, because the market in France is currently a bit 'slow, in particular, is now actually a good time to go to the property had offered great hunting . Advice and assistance in negotiations on the price is actually one of the many areas where Leapfrog Properties can help their customers.
3) You will receive an overview / structural assessment
The process of sending aSurveyor of the property considering the structure and give you a report on how you would expect in England is very unusual in France. There are a few French geometer, but most are based in Paris and focus exclusively on commercial property residential. You are therefore left with three choices: do nothing, get a surveyor who moved to France English or French, what do those who are wondering, architect for the property valuation by the customer or local.
The last option ismost recommended, as it is wise to get professional advice before an offer during the time necessary to reach one of the few British surveyor in your property is already sold, you could do. should, however, it is more a matter of peace of mind, as the bargaining power then a first contract of sale is subject to a trademark investigation may be made by the surveyor of your choice. If the survey returns reporting deficiencies to the extent that you do not want to go aheadwith the purchase, you can cancel without penalty.
4) Do not be afraid to sign the first contract
The "compromise sale" (original contract) is to protect both the buyer and the seller. If you have an offer on a property and the agent very soon after asking you to sign a compromis de vente not because he / she is a seller of the press, simply because this is how things are in France. Once this document is signed by both buyerand give the manufacturer really is no room for negotiations and the property is withdrawn from the market, while all the necessary checks are carried out by the notary public appointed.
This is in sharp contrast with the process in Britain, where an offer may be accepted from a supplier and then gazumped few weeks later by someone with a better offer. In the UK, please send your surveyor, after the bid was accepted and then after the report has more room for negotiationsto exchange contracts. This is not the case in France, as can be no assessments, if both gazumped / signatures on the sell side controls the contract, so you should have some spare days, while all the ads on your journey to meet.
Similarly, if you want a flat does not make sense to return to England, before bidding, as the property is often used with other agents 5:04, and could be easily sold, plus the time to sign the paperwork and contracts by Both sides, if you're in another country could support the buyer in a. It is a seven days of reflection, where you can draw from for any reason without penalty if it is as simple as a matter of will a little more time to decide then, it is better to lose the signing of the contract to maintain the property and if possible, the seller's signature on them at the same time.
5) Obtain a loan agreement before planning your trip> France
If you mortgage your negotiating position and have a good idea, what you really afford to have largely improved with a mortgage agreement in principle before leaving. In this way, if you bid, you are sure of themselves if this excessive increase or not, and prevents disappointment later when the bank decides that the risk is too great and you can make the necessary financial resources. This can not only frustrating, but also a waste of time for all involved.It 'a good idea then, with a company that the system already in place to proceed with arranging a mortgage and to answer all questions related to finance. Typical repayment calculator are currently around 3.5% for the financing and resale properties can be easily organized up to 70%, while funding for new construction / lease back often as high as 95% due to strong demand and easy to rent the building of new houses in France.
6) Use a currency specialist
WhenSending money from UK to France, which is a lot of money to be made or lost depending on how you do and with whom. If you simply ask your High Street bank, your money in a bank account in € Frenchman who not only send a fee transaction but also give you something suitable for competitive prices on the exchange. You may even lose money negative exchange rate fluctuations on the strength of sterling against the euro.
To avoid these negativeAnd charges affect a specialist is better, money not only offers the best price for the exchange, but no charge from the Commission on the use of money sent. They will also be able to assess in advance of completion, which often buy three months of signing the initial contract and much more, if you purchase off plan. This ensures that you know exactly how many British pound, you will spend up to two years in advance instead of playingmoney in risky game, which cost thousands elsewhere.
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