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Dordogne Estate Agents
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Dordogne Estate Agents is a network of independent, registered estate agents based in the Dordogne
Dordogne Estate Agents are a member of the One Call Estate Agency Network, a subsidiary of the Where On Earth Group. |
Dordogne Estate Agents |
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What you need to know before making an enquiry through our website for a property for sale in France
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| Once you have found a property to purchase you will need to make an offer and if accepted by the vendor, both parties have to sign a "Compromis de Vente".
Once an offer has been accepted, either the Notaire or the Estate Agent will draft a first contract, which confirms the details of the property, price and other conditions of the transaction. Once this document has been signed, the purchaser will benefit from a seven day cooling off period (only where the property is a dwelling). If the buyer decides to retract their offer after the cooling off period, the deposit could be forfeited and potentially additional costs sought by the vendor. It is at the point of signing this contract that you will have to pay a deposit of 10% in Euros. click here The transaction usually takes 2 to 3 months from the first contract being signed to completion. The main costs are the Notaire's fees which are in the region of 7% of the purchase price for properties not subject to VAT. This fee includes taxes due to the State (equivalent of stamp duty). Where the property is bought through an agent, a commission of around 7% to 10% is either included in the net price or added on. If a mortgage is secured against the property, there are registration fees of 1/2 % to 1% of the mortgage amount. |
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