property management 10

property management 10
The Compromis

This document is the document that you sign the agreement to purchase the property at the agreed price. It is by both seller and purchaser and sets out all the details of the purchase price and fees.

After registration, there is an initial 7 days of reflection in which the buyer may pull out of the sale without penalty. After cooling, the contract for both seller and buyer, and a deposit is payable. The deposit is usually 10% of the purchase price.

The Compromis a legal and binding contract for the collection, you can create a deposit of 10% lost. However, there are classes that can be created in the compromise that the withdrawal could under certain circumstances, for example, was a French mortgage.

To develop the compromise, you need your passport, marriage / divorce papers, relevant information on formalities when you get a loan to purchase the property.

You should advise you if the compromise, and if necessary have it translated by experts before you register.

Polls and inheritance advice

Once the compromise is signed and you have paid the deposit to the notaire then begins the search on the property, control land boundaries, public rights of way for termite inspections, as well as lead and asbestos checks. The notaire is responsible for ensuring these are carried out and the seller is responsible for those costs.

Unlike in Britain France is not always carried out surveys on the sale of properties. Find inspectors in France, which offer this service, or alternatively, a registered builder is often in its opinion to offer. These are things that should be dealt with before your first signing.

The French law in relation to the succession is a complicated affair, and you should legal advice on this issue.

The final signature

This is done in the notaires office, if you're not in a position to be in France for the final signature, it is possible that someone in authority and sign your name. See legal representation in this matter

Ideally, you should have seen, at the date of signature, since there is a clause stating "sold as at the date of signature."
You need to ensure that the transfer of the balance of payments is in the notaires account in time for the final signature of this date will have been agreed with suppliers in advance, and it is obviously important that this is fulfilled, otherwise you could lose your deposit and especially the sale of the house. The sale can not be completed unless the money had cleared the notaires bank account.

Real Estate Site - Real Estate for sale in France, with direct links to real estate brokers.