Friday, June 17, 2011

buying real estate in france- help for the american buyer - conclusion

Conclusion - Purchase Process

Sign the "Acte de Vente" (Final Deed)

You have received your loan offer and you have accepted it 10 days later. The day comes to sign your Deed of Sale. The Notaire's dossier is complete and checks are prepared by you for the balance of the purchase responsibility or money is wire transferred to the Notaire (down payment, taxes and fees), checks are prepared by the lending bank for the payment to the seller and by the Notaires to pay the various commissions and fees.

Once again the buyer, seller, representing Notaires and agents convene for the actual signing. The keys are ready to transfer to you, the buyer, in exchange for the check of payment to the seller.

(In your absence, we can sign on your behalf with Power of Attorney)

The Final Payment and Deed of Sale

The Notaire hands over a check to the seller in full payment for the property and an "Attestation" of the sale to you, the buyer. The documentation will then be submitted to the Chambre de Notaires for official recording and processing. It may take six months or more before you receive the final recorded deed and normally there is a small refund of overpayment of fees, as the assessment at the time of closing is just an estimate and always greater than the final amount officially due.

You, then walk away with keys in hand to your newly purchased French property at which point you will start the renovation/refurbishment/furnishing...and enjoy it for as many years as you like.

Congratulations, you are the proud owner of a property in France!

A bientôt,

Adrian Leeds
Editor, French Property Insider

with Mimi Chiang, Behind the Scenes of House Hunters International

If you have questions about real estate, please contact the Adrian Leeds Group.  She offers consultation services to Anglophones and non residents who desire to live or invest in France.  Happy house hunting!
Please tell Adrian I sent you!


Felcy said...

interesting blog. It would be great if you can provide more details about it. Thank



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rather be in paris