When it comes time to sell your home, here are some helpful hints from French real estate brokers and French property specialists…
- Don’t assume that the asking price will be reflected in replacing the central heating or installing double glazing. Prospective buyers expect these items to be current. Don’t hide any flaws in your house, and be honest about everything so that nothing can come back to haunt you once the sale is complete. Before completion, you will be required to pay for the cost of certain diagnostic surveys mandated by law.
- Be aware of the market when it comes to the asking price. Even though many sellers have a rough notion of what their house is worth, the market ultimately determines its final selling price. An agent has a much greater understanding of the market, and current pricing than a buyer has on their own.
- Once you’ve signed the mandat de vente, provide the agent with as much information as feasible (before the marketing starts). Floor plans, taxes, and title papers are all included. When an offer comes in, it will expedite the process. Make a list of the annual expenses of the residence, such as heating, water, taxes, and so on. The realtor might also benefit from having a copy of the cadastral plan on hand when discussing property lines.
- If you’re selling your home without the help of a real estate agent, be cautious. You have nothing to lose as a vendor by handing over your product for sale to an agency. It’s best to work with a French-speaking agency that also represents clients from throughout the world.
- The conversion rate might fluctuate considerably between the time you accept an offer and when it is due to be completed. Check with many currency exchange brokers to save thousands of pounds on your money transfer back to the UK. A forward contract can also be used to fix the exchange rate up to two years in the future.
- Try to go out or let the agent perform the visit fully on their own when you have visitors. It’s a turn-off for purchasers to have the owner following them around, as they can’t express their opinions to either the agency or their partner. Give them room to go around and acquire a feel for the place. To avoid losing possible sales because the owners are away, you must ensure that the real estate agent has access to your home at all times.
- If you’ve done your renovations and utilised British electrics or plumbing, make careful to tell the agent/purchaser about it because these systems don’t correlate to the French systems, and someone will want to talk to you if there is a problem.
- After the 10-day cooling-off period has expired, your buyer buying a mortgage should not go out and buy another house. Even after verbally agreeing to something, French banks have a bad reputation for changing their minds. The deal might fall through even after the bank signs the final written agreement.
- Keep your fosse septique up-to-date and operational at all times unless you are certain. The Notaire can withhold payments to replace your fosse septique if the test results are not stated in the compromis de vente just before the final signing date. Suggesting that it works (if it does) but you’re unsure whether it fits current standards is usually sufficient (unless you are sure).
- Be completely certain that you’re going to be selling. Once you’ve signed the compromis de vente, you can’t go back and alter your mind. The buyer gets a 10-day grace period in which to alter their mind.
Are you trying to make a sale? To increase your chances of selling your home in France, contact esalesinternational to get in touch with potential buyers from across the world.