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Les informations données par l'agence Burgundy Life
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De la Ruine au Chateau ....
On a tout ce qu'il vous faut !!!
Le Morvan
Massif granitique au coeur de la Bourgogne datant de l'ère Primaire (600 millions d'années)
Altitude moyenne 600 mètres au-dessus du niveau de la mer
Donc, ici: air pur, pas de tremblements de terre, pas d'innondations, pas de tsunamis
Alors pourquoi encore hésiter à venir y vivre !??
The Steps to Buying Property in France
The whole process of buying any type of property or land in France is
strictly regulated.
Firstly you should decide how you will buy your property. There are three
options:
Buy for cash - a straight forward option, but once capital has been
invested in a French property it can be difficult to release equity although not
impossible.
Re-mortgage your main home to raise the cash - again, a straight
forward option and one that doesn't involve you having to deal with any French
banks, but you will probably find that the interest rates charged by banks and
building societies in other countries may be higher than interest rates in
France. Bear in mind the mortgage warning "Your home may be repossessed if you
do not keep up repayments on your mortgage". You may be putting your main home
at risk for the sake of your holiday home.
Finance your property with a mortgage from a French bank or mortgage
provider.
Initial Costs
Whether you are buying for cash or with a mortgage there are some costs you
are going to have to fund yourself.
The Deposit as your agreement to the purchase - On the day you sign
the Compromis de vente (the sales agreement contract) you will be
required to pay your deposit, usually 10 percent of the purchase price for older
properties (less for new properties under construction or buildings under five
years old). It is advisable to pay your deposit cheque to the notaire or agent
who is representing you and not to the vendor. The deposit is held by the
notaire/agent until completion.
Notaire fees - For an existing property, be prepared for 8 percent of
the purchase price as the cost for the legal fees. For a new build property,
assume 4 percent of the purchase price. In addition to the notaire fees, there
will be the land/property registration fee which varies from region to region.
You can choose your own notaire, or use the same notaire as the vendor -
whichever you choose, the cost will be the same. Notaire fees can only be
included in the mortgage for French tax payers. If you pay tax in another
country, you will have to fund the notaire fees yourself.
Agency fees - An amount between 5% and 10% can be charged and there
is no hard and fast rule on whether it is the vendor or the buyer who pays the
agents fees. If you are raising a mortgage you can include these fees in the
mortgage if the agency fees are stated in the Compromis de vente.
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