News and Answers

Posted on

New French Real Estate Rental Requirements Must be Included Equipment

esreafrance.com
Typically not included

As a result of the new French real estate laws enclosed in the Loi Alur owners of French real estate that is rented as a furnished rental must have the following equipment included:

One
Bedding including duvet or blanket

Two
Devices to darken rooms intended to be a sleeping area such as a bedroom

Three
Hotplates also called a stove top

Four
Oven or microwave

Five
Refrigerator with at least one freezer

Six
Dishes enough to serve a meal to the occupants

Seven
Cooking tools

Eight
Table and seats

Nine
Storage shelves

Ten
Lighting

Eleven
Housekeeping materials adapted to the characteristics of the dwelling

The equipment must be in working condition when the renter moves in.

More details are sure to follow from the government. This rule is apparently set to come into effect September 5th 2015.

You can read the source article in French here.

Note: If you have a challenge with your property rental please contact the property owner or real estate management company. We cannot help you. This information is for educational purposes only.

Posted on

French Mortgage Rates Rise in New Report and Forecast

english speaking french real estate agents

French Mortgage Interest Rates continue their gradual increase according to the CSA. 

CSA is a French institution that studies the trends in French mortgage interest rates. They forecast that in the coming months the rates will continue to increase. It appears the decline in rates has ended.

The increase in interest rates on average when you are buying a pre-owned home in France may only be .05 percent comparing July to June 2015 according to the CSA, however, this always means you are paying more money for the loan of the same amount of money. The increase affects also what you can afford on your current income.

If you have a plan to buy in the current French real estate market we recommend you speak to your English speaking French real estate broker. If you need guidance please ask us.

 

Posted on

How French Real Estate Agents can help you Part Two

english speaking French real estate agent

Here are five more benefits you can receive as a French property buyer or seller from working with a French real estate agent. 

Find the first five here.

Six
Seller Support
If you are selling on your own and a buyer or a buyer with their agent approaches you with an offer how do you know if it is fair to you since you have no professional representation?
When you work with an agent who you have hired to help you then you can ask him or her for professional advice and guidance.

Seven
Negotiating Skills
One of the most important skills of a real estate agent is their ability to work on your behalf in negotiating a favorable result for you. You can save thousands or lose thousands of euros (or valuable inclusions) depending on how a deal is negotiated and having a professional negotiator can be the key to success for a buyer and for a seller.

Eight
Professional Technology
Modern Professional French real estate agents use technology that helps you gain access to information and service that can help you as a buyer and seller. Be cautious of working with an agent who is not using modern technology that can enhance your ability to find the right property or sell your property.

Nine
Safety
When you work with a French real estate agent he or she helps you with the visits to your home or he or she goes with you on visits to properties. This professional assistance can give you an extra sense of safety and security. Otherwise you are going to a stranger’s home alone or you are letting strangers into your home.

Ten
Network
Your French real estate agent will be able to offer you access to a network of individuals who can help you with solutions to financing, tax, renovation and many more challenges.

If you are planning on buying or selling French real state and you would like to interview an English speaking French real estate agent please contact us today for access to our network.

Posted on

How French Real Estate Agents can help you Part One

popular French villages

As a French property owner or buyer you may be wondering why should you work with an English speaking French real estate agent.

Here are 5 of 10 benefits you can obtain from the right professional agent, 5 more will arrive in our next article.

One
Access
As a buyer, the access to properties on the market in France is complicated. If you only view properties that are for sale directly with an owner you will miss out on properties that are only for sale with agents. So at a minimum you need to be connected to an agent who is familiar with all properties for sale both with and without an agency. You are unlikely to get a home owner directing you to all comparable homes on the market with agents.
As a seller, if you only try to sell directly without an agent you miss out on all the buyers that are actively shopping only with agents. Plus you may miss out on all the buyers who do not speak French.

Two
Guidance
The real estate selling and buying process in France is complex like in many parts of the world. In addition the rules keep changing. Do you want to risk not knowing about a new law that can impact the sale or purchase of property in a negative way? You can be up to date and learn about what to expect as you move through the process by working with a professional French real estate agent.

Three
Marketing
With modern technology we can all place an advertisement online, however, professional real estate agents know what is effective at attracting buyers. As a starting point, compare the photos by a professional agent in an advertisement to a private owner’s advertisement and you should see a difference in focus.

Four
Multiple Neighborhood Knowledge
As a seller you will know your own neighbourhood but buyer’s want to know how your area compares to other areas this is another time where an agent’s help is valuable.
As a buyer, you need to know the good and bad about every neighbourhood you visit and this is why the knowledge of an experienced professional is valuable.

Five
Buyer Support
When you work with a French real estate agent to help you find a property you have a professional who is working to get you the best property at the best price. If you simply go to the owner or the owner’s agent you are meeting with someone who is not looking to get you the best price possible.

NEXT five in our next article

If you are planning on buying or selling French real state and you would like to interview an English speaking French real estate agent please contact us today for access to our network.

Proudly powered by WordPress