fbpx

Selling a property in France. What do the notary and the broker cost, and who pays whom?

If you are selling a property in France, the notary costs will be charged to the buyer. These costs are around 7 to 8% and consist largely of taxes. The notary himself is only allowed to keep a small portion of these fees. So he does not really earn a lot. Unless you’ve given the notary an official sales mandate and he actually comes up with the final buyer. In that case you as a seller will have to pay him an extra 3%… the so-called ‘frais de négociation’. The mandatory part, i.e. the fixed notary fees, is calculated as a percentage of the selling price. You can check the amount using the french notary fee calculator on Immonot.com.

The real estate agent in France, on the other hand, is paid by the seller. If you put your house or other property in France up for sale with a estate agent and he (or she) finds a buyer for you, you yourself will have to pay the estate agent’s

Read moreSelling a property in France. What do the notary and the broker cost, and who pays whom?

French culture do’s and don’ts

Whether it’s the alluring promise of a high quality of life, or the idea of living in a country where the healthcare system is considered to be world-class, there are plenty of reasons why many expats choose to call France ‘home’. But moving there as an expat brings new challenges – not least getting used to the cultural differences.
To help expats understand and integrate into this country’s rich culture, this article offers some cultural do’s and don’ts – from food etiquette to language learning.

  1. Language

Do’s:Learn the local lingo. This doesn’t mean you have to be fluent right away, but learning some basic phrases and sentences can really help you communicate with others and blend in with the locals more easily.

Read moreFrench culture do’s and don’ts

Seven ways to save on buying a house in France

If you are thinking of buying a house in France, it is a good idea to also think about how you will attack the problem of finding the right house at the right price. Buying property in France, you will soon find that the prices are wildly different from one area to the other. And of course also the state of the property has a lot to do with the price. Other factors that influence the price are costs and commissions for professionals in house hunting and property selling, and of course your negotiating skills. In this article I’d like to go into the different ways there are to save money on buying a house in France. Having extensive experience in buying property in France myself, I – ahum – consider myself somewhat of an expert. Even though I’m still a lousy negotiator. But you know the old adage: those who can’t, teach. So here are my tips.

  1. Look for a house in quiet regions of France

Cheap region for buying house france (Tournus)France has a lot of popular regions. Places where ‘everyone’ wants to buy a house. You’ll find large concentrations of British there, who’ve all heard from each other how great it is where they have bought their house in France. Unfortunately, the popularity of these regions have influenced

Read moreSeven ways to save on buying a house in France

Why do people move to France (or not)?

Apart from my job as webmaster of Immogo, I have also kept a Dutch web log with daily tips about France, with an ongoing discussion about France in a alternately humorous, vivid, knowledgeable and ignorant atmosphere. The nice thing about it is that people are evidently interested in France for many different reasons. Let’s try and make an inventory of the people who (want to) move to France. Or not.

First of all, of course, you have the real Francophiles. They know the wine atlas by heart, have their own addresses for monks cheese, goats cheese and she-ass cheese, blue veined or not, and talk about the perfect glass of Chateaubriand with their Médaillon de Veau aux truffes.  They are the people who bring home stories about obscure restaurants with a divine cuisine, where they have lived in an olfactory and tasting paradise for a few moments and only a few sous.

Read moreWhy do people move to France (or not)?

Buying a house in France with or without real estate agent? An analysis.

Buying a house in France without a real estate agent?Are you buying a house in France, where real estate agents easily charge 5% and sometimes even more? Then it is certainly worth asking yourself whether you should  maybe buy a house without a real estate agent. Depending on the selling price, the brokerage fees can add up considerably. The average price of a house in France is between 200,000 and 300,000 euros. So, at a commission rate of 5% you pay a brokerage fee of many thousands or euros. Of course, in itself it might not be a bad thing to pay a specialist for doing his or her job, as long as that job means that the numbers still add up. The question is what precisely a real estate agent does for

Read moreBuying a house in France with or without real estate agent? An analysis.

Buy a hotel or restaurant in France

hotel for sale france - FSBO restaurant franceBuying a hotel or restaurant in France is easier than ever. While I am writing this, various restaurants and hotel restaurants in my touristy French town of Tournus are for sale. That is because like in many countries in Europe, and also in France, keeping the business afloat in the catering industry is not an easy job. Moreover, many French do not manage to adapt to modern marketing practices. None of the hotel restaurants that are for sale have a good website and most of them show little activity on social media. This is why they cannot compete with the more innovative players on the market, who make full use of the services of AirBNB, Bookings, and Trip Advisor. So, no other option than offering their French hotel for sale – restaurant for sale France remains.

Read moreBuy a hotel or restaurant in France

French real estate prices rise – The trend for 2018

2017 was an exceptionally good year for the French real estate market. House prices in France have increased with 2% on average and it now looks likely that this trend will continue in 2018.

French house prices rise

When we take a closer look at house prices in France we see big differences within the French market. The prices in the countryside have on average stayed more or less the same, while the prices in the cities went up.

Read moreFrench real estate prices rise – The trend for 2018

Why do people who dream of buying a castle pick France as a hunting ground?

 buy castle france 14th century old castle

The question is: why do people dream of buying a castle go search in France, particularly? The main reason is probably that France has a very large choice. There are hundreds of castles for sale in France, sometimes at surprisingly low prices. They are sold to serve as a home, and more often as chambres d’hôtes or luxury hotels. And sometimes divided into apartments for individual resale. But beware … prices are rising again! After years of bad business and falling house prices, nowadays, more prestigious objects in France, such as castles, are now for sale at a higher price than before. 

Read moreWhy do people who dream of buying a castle pick France as a hunting ground?

Property in France still popular despite Brexit

english buy house in france+ 34% is the number of the day… a number that corresponds to the increase in purchases of real estate in France by British buyers compared to 2016 (Leggett Real Estate). The British, as it turns out, do not seem at all afraid of the imminent Brexit “rupture” with the continent with regard to their investments in French territory.

As a direct consequence of the ever-increasing demand from foreign as wel as French buyers, real estate prices in France are still climbing in the big cities – assuring that an investment in property in France will be an opportunity for <! – more -> added value in the long run. The company ‘Meilleurs Agents’ noted an increase from 1% to more than 5% depending on the city, whether in the provinces or in the capital, with Marseille in lead (5.4%).

Read moreProperty in France still popular despite Brexit

Watch out for property scams and swindles on internet

If you put an ad on the internet, selling a house, or a boat or a car, you might be contacted by persons with less than honorable goals. At Immogo we’ve seen quite a lot of them passing by. So please allow us to give you some tips about how to avoid being foiled by these people.

To good to be true
For starters, be wary about people who appear very interested without having seen your house. Normal buyers will want to visit your house before making an offer. If someone makes you a firm offer before even visiting your house, you can be certain something is awry. Especially if they come out with a very interesting offer. They are trying to lure you.

Read moreWatch out for property scams and swindles on internet