Actor George Clooney House Hunting on French Riviera

Is it a good time to buy French Real Estate? One of our members just sent us a list of newspaper articles that say movie star George Clooney is shopping for French real estate particularly on the French Riviera.

We don’t know how reliable the real estate sources are but here are the links we received if you are curious.

London Evening Standard

http://www.standard.co.uk/showbiz/celebrity-news/george-clooney-wants-french-love-nest-with-amal-alamuddin-9499091.html

Daily Star

http://www.dailystar.co.uk/gossip/382604/George-Clooney-househunting-in-France

Show Biz Spy

http://www.showbizspy.com/article/277661/george-clooney-shopping-for-french-love-nest.html

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

How much is the French notary fees for the purchase of a new apartment or house in France?

At this time November 2021 you can expect to pay between 2 and 3 percent of the purchase price of a NEW French apartment or villa property (in addition to the purchase price) In general, the notary fees on the acquisition of pre-owned real estate are estimated at approximately 7 or 8% of the price expressed in the deed.

Source in French

To confirm these details in English and get more details visit the notary of France website. Information is available in English here from French notaries.

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

What is the average price per square meter of a Paris France apartment right now?

French real estate prices are on the top of the mind of buyers and sellers in the French market place and the French notary’s residing in Paris just made their latest report public.

On May 27 2014 the Notaries of Paris announced the average sale price of an older apartment (that is pre owned apartment) in Paris is 8160 euros per meter squared. That is statistically up 0.2 percent over the last quarter of 2013. This was reported in Explorimmo.

Read the original article in French here

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French Real Estate Advertisements 3 Ways to Avoid being Fooled by French real estate ads

If you are intending to buy French real estate you want to make sure you are not wasting your time looking at properties that do not correspond to the criteria you seek.

To avoid being fooled by an advertisement you need to use the following guidelines:

One
Make sure you know that modern camera tricks like panoramic ‘fish eye’ lens or ‘grand angle’ photos never give you a real clear image of how a property looks.

Two
Make sure you ask the agent or owner advertising the property the exact size of the property before you visit. Don’t be surprised if the property has not been measured and the advertisement is just an estimate.

Three
Make sure you know the location of the property. If he agent or owner will not give you he exact address and prefers to meet you ‘en route’ get them to at least give you a clear idea of the neighborhood by asking if there are main roads near by, a train track etc. So you don’t burn up your energy going to see a beautifully remodelled home by the highway, unless this is what you want.

Learn more effective ways to not waste time and become a more informed French estate buyer by getting a copy of our eguide with checklists here

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

What is a ‘letter or proposition d achat in French real estate?

In French real estate, the beginning of the sale of a French property is often seen as the document created by the French notary called the ‘compromis de vente’ which is in essence a preliminary sales contract signed by all parties to the contract.

Before the ‘compromis de vente’ the sale price of the French property can begin in writing when a buyer proposes in a special form of letter called ‘a proposition d’achat’ (a proposal to buy’) where in general the buyer offers a price in writing to the seller that the seller can accept or reject.

Make sure you understand the legal commitment you are making before you sign this document or any other legal document. You as a buyer or seller may want to have particular clauses referred to or indicated in this letter. We recommend you always seek legal advise before you sign a document to buy a property, be extra cautious if you are signing a document in French and you are a native English speaker.

For more details and to understand how this document works speak with an English speaking French notary or real estate lawyer.

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