According to an article published on Explorimmo, between the 1st and 30th of April 2014 the notaries of France are offering the possibility of an accelerated sales process. If this process works you can buy or sell your French property in 45 days.
Explorimmo called this SPEED DATING applied to French real estate. The principle is based on the concept of an online auction process to help buy or sell a French property.
French property sellers need to contact their notary and it is the notary who organizes the hours and details of the visits to the French property.
During a period of 3 to 4 weeks French property buyers can visit the properties and after the visit they can register with the notary in charge of the sale and receive the opportunity to bid on the property when it arrives at auction.
The auction will take place on line and will last 24 hours. Only the buyers registered can bid and make offers on the property.
After the 24 hour period the seller keeps the offer that he or she likes best.
The sale then proceeds in the typical French real estate manner in the hands of the French notary.
The question in our mind is will this process bring out enough buyers to push the bids up to the minimal price desired by the seller.
Read the original article here in French.
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