Buying Tips

Buying property in France is much the same as buying property in any other country. Unfortunately, all to often the influence of weather, wine and holiday mood results in the normal safeguards being overlooked. Here are a few reminders:

• Property Price. When buying property in France, don't assume that the asking price is the final price. Just as at home, there is often room for negotiation. Even if the asking price seems very reasonable, keep in mind that prices in much of France are relatively low, so the 'reasonable' asking price may well be above the market rate.

• House Inspection. In the UK it is standard to have a property inspected before buying it. In France, one should also get an inspection before committing to the property. Alternatively, if you do not want to risk losing the property to another bidder, you can sign a contract for the property (normally the pre-sale contract known as a 'Compromis de Vente'), but ensure that you have the right to cancel the contract (known as a 'Clause Suspensive') if the inspection uncovers any problems.

  • Keep in mind that the house inspection has two purposes. The first is that by identifying issues with the property, it can help prevent expensive surprises. The second is that any detailed inspection will likely identify issues (especially on older properties), which can then be used to negotiate lower prices.

• Estate Agent Commission. With most contracts, the seller pays the estate agent's commission. However, some contracts call for this cost to be paid by the buyer, or to be split between the buyer and seller. Before signing any contract to buy a house, you should confirm who is paying the commission.

• Notaire Fees. Notaire fees, which also include the house purchase taxes (similar to UK stamp duty, but significantly more expensive), are normally paid by the buyer. As these fees can easily add 10% to the cost of the house, you should allow for them in your house buying budget. Fortunately, the amount you can be charged is set by law, so it doesn't matter which notaire you use.

• Your Notaire. By law, the notaire is required to represent both the buyer's interests and the seller's interests, without preference. The reality is that notaires get a lot of their business from estate agents and consequently are under some pressure to support them (and consequently the seller). While this may be unfair, it is in some cases the reality. Fortunately, you can appoint your own notaire to represent your own interests. Furthermore, as notaire fees are set by law, it doesn't cost any more to have your own notaire as the notaire fees are simply split between the two notaires rather than being paid to one. There are a number of bilingual notaires in France, so you can also appoint one who speaks English, which is an advantage if you are not fluent in French.