Guide to Selling Property in France


Guide to Selling Property in France
 
 
France remained relatively unaffected by the recent economic recession that it Europe and the last few months have seen the French economy pretty much back on track. If you have a French property for sale, there has never been a better time to make the most of it, especially with several newly minted multi-millionaires from Asian countries such as China, eager to have a home in France.
But as always, selling property France or for that matter anywhere else in the world, requires a bit of luck, and a lot of effort put into marketing. They key is to put your French property for sale the right way, which we shall be discussing in this guide on selling property in France.
 
#Hiring a Expert Real Estate Agency…
Rather, hire not one, but three real estate agencies. Find out which agency has the highest number of international connections, or is known to be popular with Asian Chinese and Russian buyers. Agencies like Worldwide Group that have an international clientele are worth their weight in gold.
And don’t just stick to the agencies in your town or village, hire a couple of reputed agencies. The key is to spread the net as wide as possible – one great buyer is all you need, and there’s no telling how you can find one. So take your chances.
Also, in France, if the local agents aren’t too happy about the property put for sale, they’re not likely to work hard enough, although they will no doubt assure you of their cooperation. So, ask the agents frankly if they’re willing to take your work. Their enthusiasm for the job is the key.
 
Pricing a Property..
Pricing a property is quite a tricky thing to do, so you should be very smart about how you do it. The key is to price a property to perfection – price it too high, nobody would want to buy it, price it too low, and you’ll end up making a loss on it.
When pricing the property, “listen” to the market. Find out what the other homes in your area are selling for. Ask your real estate agent for a brutally honest assessment of how much they think your property is really worth.
Certainly, don’t overprice your French property for sale. The trick is to price it at just 5 to 10% higher than the average at which comparable properties in the region are selling for.
 
# Signing a Sole Mandate with a Local Agency…
Many Local real estate agencies in France ask you to sign a Sole mandate with them. What this means is, if the agency gets a price from a buyer which has been agreed upon by you, you are bound to sell property France. This is the norm in France, and you shouldn’t be surprised at this. The best way to handle it is to hire multiple agencies and not to offer any a sole mandate. And be clear about the commission on a sale to be around 5% - anything more than that is frankly unacceptable.
 
# Preparing the French Property for Sale
Creating a great first impression is perhaps the most important thing you should do, if you’re to sell property in France at a profitable price. Work hard on your property, get it thoroughly cleaned, have extensive repair work done. Get the heating and the air conditioning checked. Have the beds, curtains and carpets cleaned and have them looking fresh and neat. Hire a professional gardener to make the garden look as special as possible. Make your property look as new and fresh as possible; give it the appearance of an ideal French villa.
 
# Getting House Survey Done..
Getting surveys done for the purchaser is compulsory in France. After having successfully placed your French property for sale and, having found a buyer, it’s necessary to arrange a house survey or house inspection for your property. Inspection of termites, lead, asbestos, etc. will be done. The energy efficiency of the house will be examined and a thorough risk assessment will be performed. Normally, if the sale has been completed through a real estate agency, the agent will take care of the house survey – this is a part of every agency’s contractual obligation in France. But this will be done at your cost. France remained relatively unaffected by the recent economic recession that it Europe and the last few months have seen the French economy pretty much back on track. If you have a French property for sale, there has never been a better time to make the most of it, especially with several newly minted multi-millionaires from Asian countries such as China, eager to have a home in France.
But as always, selling property France or for that matter anywhere else in the world, requires a bit of luck, and a lot of effort put into marketing. They key is to put your French property for sale the right way, which we shall be discussing in this guide on selling property in France.
 
 
Remember all commission and legal notary fees in France are paid by the new buyer. If you need to sell your property in France contact us today we have sold many properties in France over the years for our clients.



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