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Leggett brokers getting on my nerves

Even though it clearly says on our website that professionals in real estate are not allowed to contact our sellers, every once in a while there are those who obviously don’t give a damn. Today, one of the infamous Leggett agents contacts three of my sellers with the same spiel: “Hello, Can I mandate your … Read more

Immogo, the specialist in real estate communication

Onroerend goed-communicatie FrankrijkSelling a house is an art in itself. An important part of the job is real estate communication. For houses in France this is a lot more complex than in many other European countries. The market in France is much less transparent, with real estate agents trying to outdo each other and also having to compete with both the notaries and their clients: the private sellers themselves. After all, many owners try to save 5 to 6% commission by finding a buyer themselves – without a broker.

As a result of the fierce competition between brokers, there is no site that – like for instance Funda.nl in the Netherlands – makes the market almost 100% transparent. Real estate agents do not want to share their portfolio online without restrictions, for fear that their competitors will try to poach their clients.

Real estate communication is too much of an investment

Another important problem is that brokers in France are not prepared to invest in their clients. With a few exceptions, especially in the higher price ranges. We can see the lack of motivation from the presentations that the real estate agents produce in the field of real estate communication. Poor pictures, brief descriptions, no presentation advice, for example with home styling. In other countries this is much more evolved. As a result, all the houses on sites outside of France are neatly arranged and super clean on the photo, with only tasteful (and noncommittal) art on the walls.

Why don’t the

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Why are real estate agents in France so expensive?

A real estate agent in France costs the seller between 4% and – in the case of cheaper houses – as much as 10% of the selling price. While in the Netherlands as a seller you only pay 1% to 1.5%. Why is the estate agent so expensive in France? Does he or she deliver so much more quality? The sales advertisements produced by the real estate agents do not reflect this. A superior quality is obviously not the reason for the high price of the French broker. We will gladly explain it to you.

‘MANDAT EXCLUSIVE’ – TIED TO ONE BROKER

If you hire a real estate agent in France, you have to sign a “mandat”. This is the official assignment for the real estate agent to sell the house. There are two types of ‘mandat’. A ‘mandat exclusif’ gives the real estate agent the exclusive right to sell the house.

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Move to France – Cash in and check out… British are crossing the Channel

move to France buy a longere Move to France and live like a Burgundian… now this might be possible even with a limited budget. Especially in view of the still relatively modest property prices in France. In the more rural areas, a sum less than a 100,000 euros will get you a very charming independent home sitting on a nice piece of land. This while many people in the UK own a house that has become much more valuable in the past ten years. A surplus value of a few hundred thousand pounds is no exception! This is why more and more people decide: “Cash in and check out! We are moving to France!” They sell their old house and

Read moreMove to France – Cash in and check out… British are crossing the Channel

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?

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

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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. 

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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