|
To
Buy Or Not To Buy
|
| Buying
In France |
| by Graham Dooley |
| I have been
in Brittany, France for 13 years and in that time I have seen the property
market change several times. There are literally hundreds of property agents
in one form or another advertising their wares predominantly on the web
and also in the many other journals and property exhibitions available
around the globe today.
We have clients
from all over the world and have sold to citizens from as far a field as
Hong Kong, the USA and Australia. So when you see an advert for your dream
home who are you buying from? The French property market and “Agence
Immobilière” remained a mystery for many years to the general
public and during the 80's contact was made via an intermediate, usually
in the country where the prospective purchaser resides. Then followed a
letter of introduction or fax and off you went in search of your property. |
|
|
|
|
|
| With the advent
of the web it is now possible to view a vast array of French properties
all over the web and go direct to the agency. You probably will not save
a great deal of money as the agency normally pays the commission to the
introductory agent, however, in this case the agency will not normally
negotiate on the agency fee if they are paying out large commissions.
The problem
is that over the past few years agents offering to sell you a French house
have appeared on every street corner and often hundreds of tempting properties
are shown on the web. You see them, make a reservation, but then find that
when you arrive to visit the property of your dreams, it was sold long
ago.
You have to
get real in the French Property Market and go and see for yourself. An
idyllic stone cottage with potted geraniums, shady terrace and within walking
distance of your croissant and baguette will rarely have time to be loaded
on the web page before it is sold.
So who do you
buy from? |
|
|
| Agence
Immobilière
This is a professional
estate agency and has to have a Carte Professionnelle issued by the Prefecture.
In order to obtain the CP the owner, principal or Gerant of the agency
must have professional qualifications! It is possible to mix and match,
for example, several years experience in an estate agency or other administrative
position (normally 10 years) can be combined with qualifications,
however, the formal qualifications that are necessary to secure a CP have
to be obtained by diploma or professional experience or both.
For members
of the European Union, in general, one has to have proof of a three year
university education with a degree and two years of experience. The professional
title can also be obtained two years after the baccalaureate with a diploma
in law, economics and commerce.
Suitability |
|
|
Offshore Resources Gallery
|
|
|
| In order to
meet certain ethical criteria. The following people can not become French
estate agents:
• People who
have been imprisoned by the French court.
• People who
are have undischarged bankrupts.
• Public officials
who have been dismissed, or others that have been dismissed by their professional
association.
• People who
have been convicted guilty by a foreign court under the same conditions
as above.
Commercial
Agents
They sell,
negotiate and usually work under the umbrella of an Agence Immobilière
or Notaire. They can have an office but cannot display properties in the
window as they are not estate agents.
Notaire |
|
|
| The Notaire
is principally a government tax collector not just estate agent. Buying
directly through a Notaire will not necessarily save you money as he/she
will put their own negotiation fees on the sale. If you buy through an
Agence Immobilière or if the seller has a mandate or authorization
to sell the property, the Notaire should not normally put negociation fees
on top. This is for the agency. If however you engage the agency to search
for a property on your behalf i.e.“Mandat de Recherche” then it
is quite possible your final fees will include some negotiation fees.
Advertising
Agency
Always ensure
they send you to an Agence Immobilière or commercial agent. Always
ask whether or not their fees are included in the Agency Fees or on top.
The long established reputable agencies provide a good service in order
to connect you |
|
|
Offshore
Resources Gallery
|
| with a network
of professionals in France and will never ask you for their commission
directly.
Private
Sale
This is ok
but remember you will have to do all of the paperwork and ask the right
questions. Do not forget to ask the private buyer to provide you with a
valuation from a notaire or agent. I have known some cases where a property
has been advertised privately for almost twice the market value.
Del Boy
If you wish
to go down this route then good luck. When you meet the guy or girl outside
the bar always ask for identification and if they have a commercial agent's
card. Never pay cash up front or at all and always pay the deposit and
balance to the notaire. At the end of the day good luck and from BRETON
HOMES we hope you find your dream however and wherever your search takes
you.
BRETON HOMES
S.A.R.L.
Agence Immobilière
- French Estate Agents
Graham Dooley
- Marketing Director
44 rue de
Val Lamballe Brittany 22400 France
+33 2 96 50
18 00 +33 6 74 29 89 48
graham@bretonhomes.comwww.bretonhomes.com
Helping you
to find your home in Brittany. French & English spoken. |
|
Article
Index ~ France
Index ~ |