All You Need to Know About French Property Purchase Structuring
There is an enormous variety of attractive properties in France from ancient to modern, in a country, coastal or mountain location. Rosemont Consulting SARL experts are sharing some advices on how to structure the purchasing process and avoid common pitfalls.
Having found a suitable property to purchase the buyer and the seller either independently instruct their own notary or jointly instruct one notary to act.
The buyer may be asked to make a formal written offer to the seller. However, the buyer must take care and would be wise to seek legal advice at this stage.
The notary prepares the contract and the parties usually meet to sign the contract after acceptance of the buyer’s offer. On signature the buyer is obliged to pay the deposit, usually 10% of the purchase price, though 5% might be accepted by some sellers. The deposit will be held by the notary until completion.