for the French Residents

[2 bays & a grey:D]

I am sorry to post here but I would like the french residents to see this.

Please could anyone offer any advice on how to sell a French Property- I have done my internet research but it all seems a mine field. Its my mums house.

Thanks in advance

Jo

[gillmcg]

I've never actually sold - only bought but I guess there are similarities. Choose an agent (exhorbitant but the buyer pays!) and a notaire (not the same as a solicitor as works for the state and buyer and seller can choose their own or have the same one) which both buyer and seller pay for - percentage of the property price I think. The seller has to put together some information re bugs, energy efficiency, etc but the agent would advise on that. Find a good translator! If you wanted to save agency fees you could do a property search on the web for your area and find a site but you won't get any help re pre-sale checks etc. Once the seller has signed the promise to buy they have a short cooling off period and can stipulate clauses that would enable them to back out e.g. can't get the loan, roof is collapsing, or whatever! That's pretty much all I know to be honest- good luck.

[jen1]

a place in the sun home or away , i belive there is some usful links on there, and phil whatsis face from relocation he might have some links there too,

[marianne]

Starting point will be getting several valuations from local estate agents so you get a feel for the 'real' property price. It's best to have it on the market with at least two to avoid giving any single agent exclusive rights - it'll make the agents work a bit harder too!

As Gill said, estate agents fees exorbitant but you wouldn't be the one paying. I thought notary fees were also paid by the buyer only (didn't think vendor did too) but I've also only bought, never sold.

The good thing about property sales in France is that exchange happens very early on, so the buyer is truly committed financially. Deposit is recommended at 10% of purchase price though separate negotiation allowed between buyer/vendor.

Is there anything particular you'd like answers to?

[specialized]

This link gives a good summary of costs etc
francelegal.co.uk/articles/selling-french-property-associated-costs

[2 bays & a grey:D]

Thanks guys.

With the current market I understand things will be tough. She is willing to make a huge loss on it just to get it sold- would an auction be a good bet?

Its 15km from a ski resort. It has two buildings on the land, one is the house and the other is a hall with a couple of rooms, a dance hall and a bar. It has a plunge pool and over looks a lake. It really is in a beautiful location and wouldn't mind living there myself if I could speak French & could afford it. I think it would be ideal for an investor?

[specialized]

Don't know if they auction properties in France the same as we do here.
It will be tricky to sell any property on the continent until the euro is sorted one way or the other.