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Why would a French property buyer need the diagnostic reports?

When you make an offer of a certain price before you have seen the diagnostic reports for a French property you could be making a mistake.

The diagnostic reports could indicate to you any defects that could impact the value of a property.

One agent we know working with his buyer made sure his buyer got the reports from the seller’s agent prior to making an offer. It turned out the reports showed the French house had asbestos in the walls of the living area of the home. This information was not in the advertisement and not mentioned by the seller’s agent during the visit but it definitely impacted the value of the property in a material way.

Before you request the free ebook below read what people are saying about ESREA France – some examples:

Cynthia Sadler wrote ” I am so grateful to you for your help, and I have already spoken to friends who are planning to retire in France after their children graduate from college in 5 or 6 years, letting them know about the wonderful support that ESREA France will be able to provide when they start looking for a house to buy. You can be sure that I’ll be referring other friends who are thinking about relocation possibilities to you as I learn of that interest!I”  

Tanya Coletz wrote “I can’t recommend David enough, such a refreshing experience after months of trying to find suitable professionals myself he managed to find English speaking, qualified and responsive recommendations immediately. He also responded to my emails on a French holiday and followed through on every promise at a very reasonable price. I’m very grateful for his help and highly recommend his professional service”

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Free eGuide 10 Mistakes to Avoid when Buying French Property

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

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French real estate buyers some financial items to consider

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When you are thinking about buying real estate in France and you will purchase with a mortgage, you will want to consider the following.

One
Make sure the the portion of your income you use for your housing budget is comfortable and not too much so that you are not house rich and cash poor.

Two
You may wish to minimize your down payment to make sure you have enough money in your bank account to do any renovations after you move in. Always plan that the renovotion may cost more than you expect.

Three
Make sure that you have all the neccesary insurance on your French real estate and mortgage just in case the undesirable happens.

Before you request the free ebook below read what people are saying about ESREA France – some examples:

Cynthia Sadler wrote ” I am so grateful to you for your help, and I have already spoken to friends who are planning to retire in France after their children graduate from college in 5 or 6 years, letting them know about the wonderful support that ESREA France will be able to provide when they start looking for a house to buy. You can be sure that I’ll be referring other friends who are thinking about relocation possibilities to you as I learn of that interest!I”  

Tanya Coletz wrote “I can’t recommend David enough, such a refreshing experience after months of trying to find suitable professionals myself he managed to find English speaking, qualified and responsive recommendations immediately. He also responded to my emails on a French holiday and followed through on every promise at a very reasonable price. I’m very grateful for his help and highly recommend his professional service”

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Free eGuide 10 Mistakes to Avoid when Buying French Property

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

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French real estate: who pays for the diagnostic reports?


Who is responsible for paying for the diagnostic reports on French residential real estate?

According to the notaries of France website.

As part of a sale of a residential French property, the cost of establishing the technical diagnostic file is the responsibility of the seller. However, the parties to the French property sale may agree to charge the purchaser the cost of these services.

As part of a rental of a residential French property, the law provides that the technical diagnosis file is provided by the lessor, the person offering the French property for rent. It follows that it is established at its exclusive expense of the lessor, the owner of the property.

Note this is not legal advice and things may have changed since this was posted. Please confirm by contacting a French notary via the Notaries of France website here.

Before you request the free ebook below read what people are saying about ESREA France – some examples:

Cynthia Sadler wrote ” I am so grateful to you for your help, and I have already spoken to friends who are planning to retire in France after their children graduate from college in 5 or 6 years, letting them know about the wonderful support that ESREA France will be able to provide when they start looking for a house to buy. You can be sure that I’ll be referring other friends who are thinking about relocation possibilities to you as I learn of that interest!I”  

Tanya Coletz wrote “I can’t recommend David enough, such a refreshing experience after months of trying to find suitable professionals myself he managed to find English speaking, qualified and responsive recommendations immediately. He also responded to my emails on a French holiday and followed through on every promise at a very reasonable price. I’m very grateful for his help and highly recommend his professional service”

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Free eGuide 10 Mistakes to Avoid when Buying French Property

* indicates required

Intuit Mailchimp

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

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French property buyer: Moving to France Tax Efficiently

 

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If you are planning to move to France and buy French property you will want to speak to an English speaking French tax expert so you can learn about taxes you will need to deal with in France and what you should consider before moving to France.

You need to know how the following impact you and keep in mind the below list is not an exhaustive list.  Do seek tax advise from a professional.

Income taxes
Social charges
Wealth tax on real estate
Succession / inheritance tax
Pension plans

Samples of important things to be aware of and learn more about. 
One
French succession laws impose forced heirship, your children are protected heirs so you cannot leave everything to your spouse. You may have other options depending on your country of nationality. Get professional advice.

Two
An awareness of French tax rules and the tax rules in your home country could impact your decision as to whether you should sell property you currently own in your home country before you move to france or after you are a French resident.

Before you request the free ebook below read what people are saying about ESREA France – some examples:

Cynthia Sadler wrote ” I am so grateful to you for your help, and I have already spoken to friends who are planning to retire in France after their children graduate from college in 5 or 6 years, letting them know about the wonderful support that ESREA France will be able to provide when they start looking for a house to buy. You can be sure that I’ll be referring other friends who are thinking about relocation possibilities to you as I learn of that interest!I”  

Tanya Coletz wrote “I can’t recommend David enough, such a refreshing experience after months of trying to find suitable professionals myself he managed to find English speaking, qualified and responsive recommendations immediately. He also responded to my emails on a French holiday and followed through on every promise at a very reasonable price. I’m very grateful for his help and highly recommend his professional service”

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Free eGuide 10 Mistakes to Avoid when Buying French Property

* indicates required

Intuit Mailchimp

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

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French property buyers how to create a more sustainable French property

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As a French real estate owner you can consider the following options to help make your home more sustainable and potentially save money as well as reducing your carbon footprint.

One

Make sure your appliances are energy efficient. If it is not affordable to buy new you can also find in France stores that sell used appliances that maybe more efficient than what you currently own. Stores like ENVIE.

Two

Make sure you use high-quality insulation to keep your home cool in summer and reduce air conditioning costs and warm in winter to reduce heating costs. Check if there are any current French government financial aid for your work on improving the insulation in your home.

Three
Instead of replacing cabinets in a kitchen consider repainting or refacing like changing the doors and handles to refresh your home. This can be less expensive and will reduce your contribution to the landfill waste disposal center.

Four

Add solar panels to heat your water or heat your home to reduce your dependence on the electrical grid and hopefully reduce your expenses over time.

Five

Add skylights to your home to increase natural lighting and reduce the usage of using electrical lights on cloudy days.

Six

Install a hot water heat on demand system so that when you are not using your water tank it is not constantly heading water that you are not using for example when you are away for a few days. Over time this can reduce cost and also be more friendly for the planet.

If you are thinking about buying real estate in France check out our 110 tips French real estate buyers guide here

Before you request the free ebook below read what people are saying about ESREA France – some examples:

Cynthia Sadler wrote ” I am so grateful to you for your help, and I have already spoken to friends who are planning to retire in France after their children graduate from college in 5 or 6 years, letting them know about the wonderful support that ESREA France will be able to provide when they start looking for a house to buy. You can be sure that I’ll be referring other friends who are thinking about relocation possibilities to you as I learn of that interest!I”  

Tanya Coletz wrote “I can’t recommend David enough, such a refreshing experience after months of trying to find suitable professionals myself he managed to find English speaking, qualified and responsive recommendations immediately. He also responded to my emails on a French holiday and followed through on every promise at a very reasonable price. I’m very grateful for his help and highly recommend his professional service”

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Free eGuide 10 Mistakes to Avoid when Buying French Property

* indicates required

Intuit Mailchimp

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

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