Another common French real estate buyer’s mistake is as follows:
Visiting a property only on the weekends prior to making an offer
Why?
Continue reading “French real estate buyer’s mistake number two”
French real estate buyer’s mistake number one
A common French real estate buyer’s mistake is as follows:
Making an offer of a certain price before you have seen the diagnostic reports for a French property.
Why?
Continue reading “French real estate buyer’s mistake number one”
Moving to France Tax Considerations to Know About
If you are moving to France to enjoy the French real estate experience first hand you will need to be aware of tax considerations.
For starters, you will need to know about your French residential status since French residents are liable to French income tax, social charges, capital gains tax, inheritance tax and maybe even wealth tax so it is an excellent idea to get informed.
We are not connected to Blevins Franks, however, we just received an email from them with details you can check out.
The link to their French tax considerations article is here. (Make sure the information you obtain is up to date so note the date of the article)
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If you are looking for an English speaking French tax real estate lawyer please contact us here.
French Real Estate Market Analysis
The French Real Estate Market has Changed.
In terms of activity, 2016 was a very active year.
According to the Notaries of France, “sales over a twelve month period rose progressively, reaching in the summer of 2016 levels as high as the previous market highs of 2006 and the start of 2012.”
There was an estimated 843,000 transactions made over the last twelve months, up 9% year on year
See the graphic and more details via this link.
If you need to locate an English speaking French real estate professional in your area of choice we can assist you at no charge. Contact us here.
French real estate buyer’s secret tips
If you are an experienced French real estate buyer you may know of the following tips or you may not. Better check.
If you are new to French real estate take a moment and read over the following to help you succeed in your French real estate investment.
One
Never Visit Alone
When you visit a French property it is always a great idea to visit with a friend not only for security reasons but also for the value of the extra set of eyes and ears visiting the property.
So many times when we have visited properties with clients and myself or a colleague we notice something significant a buyer never noticed. It could be a serious ceiling crack. It could be a slopping floor or even the fact that the neighbor’s yard looks like it have never been cleaned for years and your sun terrace will be facing their garden. Having a second person present can also be helpful if you have an owner present who talks constantly making it difficult for you to really notice the details of the home.
Two
Ask Thoughtful Questions
Owners like to see a buyer is interested in their French property. Asking questions shows you have interest. Never mind if the agent does not want you to ask questions. Just go ahead and ask in a simply, direct and polite way. Questions like “what is the property tax?”, “have you ever done work on the roof?” will each give you valuable information.
We have lots more suggested questions and multiple checklists available for you as part of our ESREA France 110 Tips French real estate buyer’s guide. This guide comes with a 100 percent money back guarantee. Learn about the guidebook here.