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Anna Andersen
++33 (0)6 84 09 13 39
Virginie Picque
++33 (0)6 12 43 65 53
info@andersenpicque.com
 
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The initial sales contract (compromis de vente) is very important. It is up to the buyer and vendor to ensure that everything is communicated correctly to the notaire and that all the points agreed between them are detailed in the contract. Get-out clauses have to be inserted into this initial contract covering things such as rights of way, planning/building permission, mortgage application being approved and so on.


Information such as boundaries and access, plans for buildings works and new roads in the vicinity, flood zones, is best obtained from the local town hall. For other queries consult the relevant authorities or call in an expert.


If you plan building/renewing work it's wise to get quotes before committing yourself. Ask an architect or builder to come and take a look.


Reports on termites, lead and asbestos are mandatory and charged to the vendor.


Contact an insurance company after signing the initial sales contract so you have the necessary papers on completion day.


View the property on the day of completion before attending the signing: the acte de vente specifies that the purchase is "sold as seen on signing date".


Remember to open a French bank account and make your mortgage application (if necessary) in plenty of time. If you are moving cash between countries look around in advance for the best currency exchange.


Remember to factor legal fees into your budget: the notaire will charge 3-8 per cent in addition to the purchase price.


Remember that the expense of a translator can help you saving money and disappointments.

 
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