| Moving to France – how to do it? |
| Written by M. Cany | ||
| Wednesday, 12 November 2008 | ||
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First and foremost, you have to begin your property search before planning a trip to France. Begin by clearly listing your criteria: choose the French region where you would like to settle and what sort of property you would like to buy. Thanks to the Internet, it is much easier nowadays! Here are some clues for your criteria list:
The second important thing to sort out before planning your property viewing is your finances. Make sure you have them in order because this will save you a lot of time. Your bank may help you in this process. You should also have answers to the following questions:
Once you have found your dream French property, you have to make a written offer. If the vendor accepts it, you will then sign the written contract of sale agreement, called “compromis de vente”. It legally binds together the seller and the purchaser but also clarifies details about the purchaser, the seller, the property and the purchase (price and fees related). You are allowed to insert clauses in the Compromis de vente. They are called “clauses suspensives” and allow you to withdraw from the purchase if for example you are refused a request for outline planning permission or if you are turned down for a French mortgage. When both parties have signed the contract, the property is taken off the market, and the vendor is not allowed to accept a higher offer than yours. You also need to send a 5% deposit. You then have a 7-day cooling off period, during which you can withdraw from the sale without giving any penalty.
The last step of the buying process is a meeting in the Notaire’s office. You and the seller will sign the “contrat de vente” (final deed of sale), and you will be given the keys of your new property! The best way to integrate in France is at first to introduce yourself to your new neighbours and to participate to the local life, for example there are numerous club and associations in France and the best way to know them is by visiting your local town house. We also advice to start learning French, it will help you in your property search. French will better welcome someone who tries to speak their own language (try to imagine a foreigner who arrives in the UK, would you be pleased if he speaks English?). About the Author: M. Cany works for Sextant French Property an English company specialized on the French Property market. The company works with a Network of English speaking French agents. Tel: 0207 428 4910©M. Cany |
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| Last Updated ( Thursday, 19 March 2009 ) | ||