My Property in France
MyPropertyinFrance.com is a portal website, offering a huge range of different Estate Agents and private sellers all listing there properties on our website, we have thousands of villas, houses and apartments for sale throughout the different regions in France.
What You Need to Know about Buying French Property as a Foreigner
Many people dream of owning a home outside of their country of residence. While there are many popular destinations, depending on a person’s individual tastes in geography, climate as well as culture, one of the most popular destinations for people to buy homes internationally is to purchase a home in France. While most people may consider purchasing property in France has something either unobtainable or far too complicated, those people may be very surprised as to how easy it is to make the dream of buying property in France a reality.
When purchasing a French Property, the first thing that you want to do is start looking for French properties for sale. Whether you’re looking to purchase a home in the South of France or you are looking to purchase a home in the capital city of Paris, seeking out a property for sale is going to be your first consideration.
There are many types of homes that exist in the French real estate market and which one you choose will depend upon your personal tastes when it comes to buying property in France. You may want to look at villas for sale, you may look for the old world charm of an existing French home, you may be interested in a newly constructed home or you may simply be looking land in order to build your own home. Regardless of what you’re looking for, whether it’s a private sale or public offering, there are plenty of homes to suit your wants and your needs.
After you have looked at the various French Properties For Sale, your next step is going to be to contact dedicated French Estate Agents. Employing the services of these professionals while buying property in France is going to be your best option for not only finding the right home, but for making the process of buying a home in another country much easier.
Many estate agents are dedicated to facilitating international buyers in buying a property in France. Not only will these real estate agents offer you a great many options in available real estate, they can also help with language barriers as well as help you have a better understanding of the processes involved in purchasing public or private property for sale in France.
Once you have contacted an estate agent and have been able to make contacts with the various owners of the houses for private sale that you are interested in, the actual process of buying French Property For Sale isn’t very complicated. In these situations, while a solicitor or an advocate can be used, by French law, it isn’t required. You will, however, need a notaire for the buying process.
Once you have gone through the viewing process and have settled upon the house you are looking to buy, it’s time to make the initial agreement. This is where you agree to purchase the property from the seller. It is worth noting that an initial agreement and the documents entailed in this agreement are legally binding in France. For this reason, if you have doubts about this being the right property, you need to be very cautious when signing this agreement.
After you have signed the initial agreement contract then it’s time to have any surveys or inspections on the home performed. Some buyers may not wish to have the surveys done while others will find it absolutely necessary, especially in the case of an older home.
From the time the initial agreement contract is signed, the process will take roughly around 6 to 8 weeks. This is the process in the purchasing of a French property where a notaire becomes invaluable and necessary. During this time, the notaire will perform searches on all the documents to ensure that the information is correct and ensure that the documents signed are all pursuant to French laws concerning the sale of property.
The last phase of the initial agreement contract is where the potential buyer places a percentage of the price of the property as a down payment. This down payment is held in a protected account by the notaire until either the sale is completed or the sale is terminated.
Once all documents have been verified by the notaire, the property is then ready for conveyance. Whether it is through the buyers own funds or whether the buyer has secured financing for the property, this is the time when the money for the property officially changes hands from the buyer to the seller and the property ownership is officially transferred.
There are a few things that you’ll want to consider during the process of buying French property. If you are not a resident of France, you may find a few legal hurdles regarding what to do with your property in the event that you pass away. For example, even if you have stated in a legally binding will that your French property should pass to your spouse in the event of your death, French law prohibits this.
One way to mitigate this is through an act of French marriage contract. This will allow the legal transfer of assets and properties that reside in France to your spouse should you pass away. This, of course, only applies to those of you who aren’t French citizens.
These obstacles in transferring assets either to a spouse or family member can be maneuvered around through various legal maneuvers. However, it’s important to understand these obstacles before you purchase a property. This ensures that regardless of what your wishes are for the future of that property, you’ll have the right legal documentation to make sure that the property can be legally transferred without extensive government bureaucracy.
Regardless of whether you’re looking for a new home, a French cottage, a commercial property or even a mobile home, using the resources of the Internet to find French real estate portals that offer you a wide variety of different properties and estate agents is invaluable. By starting your search with these resources, you could be well on your way to owning the French home that you’ve always dreamed of.