What is the true value of a French property?

The true value of a French property is based on a number of important features like any piece of real estate in the world.

ONE

The quality of the building

TWO

The type of the French property

THREE

The energy efficiency of the French property

FOUR

The immediate environment close to the French property

FIVE

The usefulness of the land associated with the property

SIX

The view and exposure of the property

There are many more characteristics that impact the true value of a French property just like a property anywhere in the world.

You will agree that the most beautiful French penthouse apartment that is facing north and located in an insecure neighborhood will lose its value overtime.

As always the most important characteristic appears to be Location.

If you are looking for an English speaking French real estate agent to help you find the French property of your dream we can help check out here

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French Real Estate Dictionary The Humorous Selection

We just read a review of a new book on French real estate that includes some humorous content as a comment on some French real estate advertisements and how they can be creative and make something not so nice appear desirable.

Unfortunately for us English speaking and reading people the book is written in French but we still want you to taste some of the humor. So via our translation we have done our best to share the real estate humor below with special thanks to the French writers of Devenir propriétaire c’est malin

If you read French it could be a valuable tool since it contains lots of guidance not just humor. Click here to learn about the book

But here is a sample of the humor. We hope you like it.

In a French real estate advertisement you read
À DEUX PAS DU CENTRE-VILLE
Translation “A few steps to the center of town” but this phrase really means “for regular athletes who expect to walk 10 to 15 minutes at high speed to get to the center of town”

In a French real estate advertisement you read
À RAFRAÎCHIR
Translation ‘Needs to be Updated’ but really means “In the best situation you just need to paint, in the worst case you almost need to rebuild! ’

In a French real estate advertisement you read
APPARTEMENT, MAISON ATYPIQUE
Translation “Not your typical house or apartment” which really means “the layout is hard to work with and if you buy this place it will be difficult to sell unless you redesign the whole place!”

In a French real estate advertisement you read
AYANT CONSERVÉ TOUT SON CHARME D’ORIGINE
Translation : ‘Original Charm’ but really means “Old and without a doubt never renovated, definitely work needed most likely with the professional help of an architect’

In a French real estate advertisement you read
FORT POTENTIEL
Translation ‘Large Potential’ but it really means “Expect a lot of work and the aide of a architect to get the work figured out.”

In a French real estate advertisement you read
IMMEUBLE DE CARACTÈRE
Translation “Building with Character” but really means “Old building!”

In a French real estate advertisement you read
IMMEUBLE DE STANDING
Translation “Quality building” but really means “you are going to pay high monthly charges for the pay of a caretaker who is paid too much”

In a French real estate advertisement you read
TRÈS FORT POTENTIEL
Translation “Very large potential” but really means “Enormous amount of work and a very definite need for expert help from an architect”

In a French real estate advertisement you read
PROCHE/NON LOIN DU CENTRE-VILLE
Translation “Near the center of town” but really means “Reserved for athletes with the ability to walk up to 30 minutes at a good speed.”

In a French real estate advertisement you read
QUARTIER EN DEVENIR
Translation “Up and coming area” but really means “Someday it may be a better area! ”

We hope you enjoyed this share and ask you to share the link to this article to one of your friends.

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Paris French Property Sale Price Reduction News Update

According to research by MeilleurAgents.com published on Explorimmo the price of small apartments in Paris has gone down 0.8 percent in the month of March 2014.

This is passed on sales that took place between the 1 and 31 of March as recorded by Meilleur Agents.com

This is of course only a snap shot of the French market which shows a reverse to the slight increase in prices that took place in January and February 2014 on the same types of properties.

This is valuable information for you to use with your English speaking French real estate agent to help you negotiate the best price possible.

If you need to locate an English speaking French real estate agent contact us and we can assist you learn more here

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French Minister Manual Valls wants to create Cheaper New French Construction

French property News April 2014 : The head of the French Government Manuel Valls announced his plans to create less expensive housing and to do this at a faster rate than in the past.

Although the details are not stated the head of the French government said he has: (we translate) ” 50 measures that will help simplify the rules and norms currently in existence relating to new construction and these changes will not effect the quality and performance of the housing.”

This looks like good news for the construction industry in France and future New French property home buyers.

Read the full article in French here

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French Real Estate Off Market Properties Problems for Buyers

French property owners may experience a financial loss when they sell via the ‘off market’ approach as noted in a previous article. French ‘off market’ property buyers may also have problems.

Defining an ‘Off Market’ property
The French property owner asks a French real estate agent to market the property only to the agents network of clients and perhaps a few other agents. The goal is to sell the property by ‘word of mouth’. The property does not appear on open market websites.  In contrast to ‘Off Market’, ‘Open Market’ properties are exposed to the general public and niche buyers, to maximize the potential sale price through the competition in the open market place.

Here are the potential problems:

The agent for the Buyer is the Agent for the Seller

If the French agent for the seller is the same as the one for the buyer and the French real estate agent is being paid by the seller what duty does the agent have to the buyer to protect the buyer’s interest?
Will the buyer be able to put clauses in the contract to protect the buyer? Will they be advised to do so by the sellers agent?

Fees for the Agent for the Buyer

If the Seller has his own agent to help represent him many ‘off market’ properties may have no commission available for the Buyer’s agent so who pays the buyer’s agent. The buyer may think he is getting a good deal on the purchase price until he or she finds out the buyer’s agent fee has to be paid on top of the sale price.

Pricing Concerns

If the buyer is working only with the seller’s agent how does the buyer know the price is appropriate?

Market Exposure Helps the Buyer

If a French property is on the market for several weeks or months and is properly exposed to the market no amount of agents or owners stories about how exclusive the property is can change the fact that it is not desirable enough to have been sold at the price it is at. The open market exposure helps the buyer get a sense as to what the property is worth.

Make sure you are using the most resourceful and well connected French real estate agent when you go to buy your French real estate.

Find an English speaking French real estate agent for you by contacting us here.  

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Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.