| Buying
a property in France is a regulated process.
There will be a :
Notaire who is a government
official responsible for the conveyancing and
represents the buyer and the seller. Notaire
fees are fixed – around 4% for new properties
and 10% for second-hand. If you appoint a Notaire
who is different to the sellers they split the
fee (you do not pay twice). It may also be advisable
to appoint a solicitor to advise on the legal
documentation.
Compromis de Vente
When you select a property you will sign a preliminary
contract (Compromis de Vente) which binds the
buyer and seller subject to obtaining a mortgage.
Normally you will be required to pay a 10% deposit
to the Notaire at this stage. There follows a
7 day cooling off period.
Acte de Vente
Within 2 – 3
months a final contract will be signed
Power of attorney
In the case of
both agreements you may appoint a person to sign
on your behalf.
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