Category: French Real Estate

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French Real Estate Sellers Know your Obligations

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The Seller of French real estate has obligations to inform the buyer.

Perhaps, you have already visited a French property with a French real estate agent or directly with the owner and you had questions and you did not receive answers to the questions because you were told ‘I don’t know’ by the person you did the visit with. Yet you wonder do you have the right to know the answers.

In fact, according to the Notary of France website the French property seller has the obligation to inform the buyer.­ To quote the notary site “an obligation is a Legal relationship created by operation of law or by the will of one or several individuals committing themselves for the purpose of doing or not doing an action.”

In general, the seller must disclose all the information he has about the real estate. It is important to know the courts punish any failure by the seller to meet this general obligation.

We highly recommend you read the linked to details on the Notary of France Website and consult directly a notary for guidance. Follow this link

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French Real Estate and Major Tax Reforms in France

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The new French government has some new ideas about taxes that can impact you.

Although it is not law yet here is a example: a new 30% flat tax rate will be introduced for investment income from January 2018, and also there will be a new version of wealth tax that will only apply to real estate, lowering tax bills for many expats living in France.

This above information was found in a new article from Blevins Franks read the full article here in English.

If you would like to be placed in contact with an English speaking French real estate agent, English speaking French mortgage broker or currency expert we can help you connect at no charge for our assistance contact us here.

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French Real Estate Buyer Often Missed Area to Check One of Three

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When you are a French property buyer you are entitled to comprehensive list of diagnostic reports that your French notary will make sure the seller supplies to you.

The diagnostic reports are done by a specialist and the reports you receive depend on the type of French real estate you are buying and where it is located.

This article is written in 2017 and one of the items currently not studied in the diagnostic reports is the condition of the roof of the property of a single family dwelling.

The roof if it needs work can be an expensive item to work on and yet you will not find details in the reports about the condition of the roof.

Even if you are buying an apartment you would want to know from the company that manages the building the condition of the roof so as you don’t have to be involved in a new replacement or repair bill you knew nothing about.

The solution is to hire a professional roofer to check the condition of the your future roof and to the get roofer to put their analysis and / or estimate for repairs in writing so you have a record.

If there are problems with the roof on your single family home address this as part of your price negotiation.

Learn more valuable tips to help you buy the right French real estate for you by getting a copy of this 110 tip French real estate buyer’s guide.

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New French Real Estate Statistical Resource from French Notaries

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French real estate buyers and sellers rejoice!

It is Five years since a law was put in place in France requiring French notaries to contribute to the dissemination of real estate information. However it was only on the 1st of July this year the new source of French real estate statistics became now available online.

The French real estate notaries site lists the prices of houses and apartments throughout the country.
A welcomed source for French real estate buyers and sellers. Visit the site now (note site is in French)

If you are looking to sell your French real estate learn about 50 Tips for French real estate sellers here

If you are looking to buy French real estate learn about 110 Tips for French real estate buyers here

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If you need to connect with an English speaking French real estate agent. We will help you connect at no charge for our assistance. Contact us here. 

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France First Tax Exchange Information Now In Place

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France First Tax Exchange Information Now In Place

French real estate owners who are expatriates need to take extra care with cross-border tax planning now that global tax transparency with the new ‘automatic exchange of information’ has started.

50 jurisdictions began collecting data from January last year were required to pass the information on by September 2017 This includes the tax authorities in Spain, France, Portugal, Cyprus, Malta, other EU countries and the UK will now start to receive new information on their taxpayers’ offshore assets and income.

Note: We are not tax advisers. We simply read this news and found it important. If you would like to contact and English speaking French tax adviser please contact us. We will help you connect at no charge for our assistance.

To learn more about the source of this article find more information on this website
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