The Worst Mistake a French Property Seller can Make

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STOP and avoid this mistake when selling French real estate.

In France at this moment in time there is no completely united multiple listing service with a system that offers access to actual sale prices.

As a result many French property owners whether they are selling with an agent or on their own make the worst mistake possible when they are pricing their property.

The mistake is:
French property owners often look at comparable homes for sale on the market and using the ‘list price / for sale price’ as a guideline for their own pricing.

Experienced real estate professionals know that the list price of a property is not the sale price. It is just a wish.

Make sure if you are planning on selling your French real estate you get a professional opinion of value based on actual sale prices.

We can connect you with an English speaking French real estate agent contact us here

Up to Date French Real Estate Market Trends

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Historical site in Arles France

French real estate pricing is very localized.

Even inside a town or village certain amenities, certain proximity and certain construction can change the value of a property.

However, sometimes looking at the historical trends in French real estate can be valuable.

We recommend you take a moment and look at this Housing price data on French real estate market trends brought to you by the government of France. Details in English.

Click here for access

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.

Time to Review Your Current French Mortgage

French real estate mortgage Rates decline.

This post is a reminder that the mortgage interest rates in France continue to drop at this time.

We had a client who purchased a home in Aspremont in the south of France in 2012 with a mortgage rate of 4.5 percent over 20 years and now a current client who is buying with a mortgage rate of 2.25 percent over 20 years.

Even if you are not planning on buying a French property right now, it may be possible for you to renegotiate the mortgage you currently have on your French property. This can save you a lot of money long term.

If you would like guidance to help you find an English speaking French mortgage broker please contact us we are here to assist you.

What must be included in a French Real Estate Co Property Condominiums advertisement?

Does the French real estate advertisement you are reading tell you everything you need to know about the co-property you are reading about?

Since the French Real Estate Loi Alur came into effect we understand it is now a requirement that the following items be noted in a French real estate advertisement for a French Co Property (condominium):

One
Advertisements should state that the real estate for sale is in a co-property.

Two
The number of lots in the co-property must be stated in the advertisement.

Three
The annual cost of charges to be paid by the owner must be in the publicity.

Four
The announcement must indicate if there is a procedure in progress relating to the co-property.

For more details in French visit this site or if you want to speak to an English speaking French real estate agent contact us here.