Page 0013

bottomed out. We don't expect

any dramatic increases in value

- unless in real property hot

spots like Paris or the South of

France - like those witnessed in

the UK over the last few years.

Just because property values

are rising in your neighbourhood, it doesn't necessarily

mean they're rising in the part

of France you have chosen. And

should they increase, it will not

be at the same rate. So do your

homework. Come and talk to

us or drop us an email - we're

always happy to advise.

ADVICE YOU CAN TRUST

Do obtain professional assistance

when buying. It's unlikely

you're familiar with the details

of French real estate law. We

have an obligation to keep you

properly informed about the

process of your purchase and

help you avoid any potential

pitfalls. Leggett is the only real

estate company in France with

their own in-house legal team

and notaire. We explain all the

sale and purchase agreements

in plain English.

It's important to establish

the legal status of exactly who

LEGGETT IMMOBILIER - LOCAL KNOWLEDGE YOU CAN TRUST

is buying the property before

you sign. If you're an unmarried

couple, you might consider

buying on a joint basis. If you

are married and wish your surviving spouse to inherit all your

estate, you will probably need

to adopt a French marriage

contract or buy 'en tontine.'

Unrelated groups of people

should consider establishing

a property company. We can

put you in touch with specialist

legal and tax advisors.

MAKING AN OFFER

When you've found the house

that meets most of your criteria,

it's time to make an offer. Once

the purchase price has been

agreed, a 'compromis de vente'

is drawn up. You then have a

seven-day cooling-off period.

The sale proceeds through a notaire.

You can share the notaire

with the vendor or appoint your

own - in either case the notary

costs will be the same.

Mortgages are comparatively

cheap in France and can

offer some tax advantages if

you are permanently relocating.

Should you require a mortgage

to buy the property, this will be

inserted as a conditional clause

in the contract.

At this stage you will

be required to pay a deposit,

usually 10 percent of the purchase price.

The buying process

continues through the notaire

and usually takes 3-4 months -

although this could be longer in

the summer.

COMPLETION

When the day of completion

finally arrives, make sure your

monies are deposited with the

notaire several days beforehand. This will ensure

the sale

goes through smoothly. Should

you have overpaid, the balance

will be refunded. Visit the property to ensure

all is as it should

be - particularly the fixtures

and fittings - and the sale can

proceed.

A FINAL WORD...

If you do your research and

take professional advice, the

purchase of your dream home

should be a simple process!

For more information on buying

a house in France contact our call

centre team at info@leggett.frttp://leggett.fr" target="_blank" title="Visit leggett.fr">leggett.fr

or visit www.leggettfrance.com

13

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