French Property Buyer Be Aware of This BIG Mistake
Buying French real estate is an emotional experience and for many people a dream come true, however, no matter how exciting the experience is when you find your dream French property remember to avoid the following mistake when you make an offer to the owner.
**** Do not write an offer without including conditional clauses that you will need to protect yourself in the purchase of the property. That is, for example, when you make an offer in price note that details like the fact that you will be buying subject to you obtaining a mortgage the details of which will be explained in the initial contract of purchase and sale (compromis de vente).
We have heard stories of buyers who make an written offer just noting the price and with no details about conditiona, for example, the usage of a mortgage or a property inspection and then when these requests are written into the ‘compromis de vente’ the seller refuses to sign saying he or she agreed only to the price if there were no conditions.
Protect yourself get legal advice before you make an offer on a French real estate property.