You are required to verify the property and get the legal documents of the property. In order to purchase a property in France you need to use a legal and reputed real estate agency. The agency should be an authorized one for dealing with sales and purchases of property. You can even search the internet to find the property in France.
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France is one of the world’s favorite tourist destinations because it is rich in culture, history and landscape. The country is a great choice for purchasing overseas property. You can easily find a great range of properties there. The properties range from cottages to stylish apartments and stunning coastal villas too. So choosing the best estate agency to make your purchase with is essential, especially as you are using your hard earned income to make your purchase.
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Where to buy a home?
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France is full of glamour and traditions. There are beautiful landscapes and incredible pastoral charms. Paris, the romantic capital of France, can be the best for you to purchase an investement. Here, you cwillan find an incredible range of properties.
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It is wise to buy a property in France on the Mediterranean Coast where the dazzling seaside towns are located. St. Maxime, St. Tropez and Cannes attract the rich and famous the most. There are hundreds of coastal villages offering gorgeous scenary to tourists and you can watch the coastal life pass you by. The Pyrenees can be the perfect location for skiers. This is another great place to buy a house, particularly in the Rhone-Alpes region.
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Some perfect destinations
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There are several locations where you can buy a property in France. Some of them are shown below.
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• Brretagne
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• Normandy
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• French Riviera
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• Languedoc Roussillon
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• Loire Valley
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These are a few of the provinces that present great deals for buying a property in France.
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Browse the internet and find English speaking agencies that will give you the best advice. Dealing with legal real estate agents will help you to reduce your costs as well as reduce your levels of stress.
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France offers stunning coastlines and magical islands with ancient towns in Bretagne. It offers rugged regions and stunning seascapes. The beaches are spectacular and full of atmosphere. Here you will find scrumptious sea food that is an obsession of this country.
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The Cost Of Selling
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When you sell a house in France you need to use a Notaire, who will handle with all of your legalities. The person buying the property has to pay all the fees for everything to do with the notaire.
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However, it is up to the seller who pays the real estate agent fees, even though it is generally considered to be the seller's liability. The agents usually charge around 5-10% of the property price.
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Reports
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As surveying the property is not normally done in France, you need to make sure that the following mandatory reports are carried out on the house:
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Termites
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Asbestos problems
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Lead (if built before 1949)
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Gas and electricity (if they have not been replaced in over fifteen years)
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Risks (of floods, earthquakes, etc...)
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Energy Performance rating
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Sewage arrangement
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If these reports are favourable, then you will not need to deduct anything from your selling price. However, potential buyers will use these points against you if they are not all excellent reports.
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Capital Gains Tax
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If the home is your main place of residence, then you do not need to pay capital gains. However, if you are selling the house and it is a 'second&' property, you will need to give a rather hefty sixteen percent (if you are not a resident of France), or twenty-eight percent (if you are).
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Representative
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If the house worth is over a hundred and fifty thousand Euros then you will need to appoint a fiscal agent who will take roughly one percent of the property price in fees.
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VAT
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