Avoid mistakes. Understand how the French real estate buying process works with ESREA 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.
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.
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.
Entering the French real estate market are Connected Homes.
Are you considering buying or creating a connected home?
Connected homes are part of the IoT or internet of things and they allow you to have control over your home from outside of your home. You can control temperature, lighting and a whole lot more.
If you are interested in Connected homes consider the following in France.
One
Old homes in France May Have Connectivity Problems.
You need to make sure your ancient French village home has the right internet connection to make things connect. Check out if it is possible before you invest.
Two
The Investment May be High
You may find the initial investment like the cost of a Nest Learning Thermostat
Three
New Homes May be Connected
Do not assume a new home has the connectivity you need. Make sure you have the details from the builder to make sure you can do what you want to do.
Four
Not all Devices are the Same
Connected homes include thermostats that communicate with the heating system, smoke detectors that talk to the fire hall and fridges that can tell you the milk is about to turn bad. But the real value lies in the devices that add real value.
So a thermostat and a smoke detector can be a money and life saver but knowing that the milk is about to go bad may not be worth the technological investment.
As always find out what is important to you and ask lots of questions.
Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.
According to Property Wire, the price of houses in regional France continued to fall in 2014. However, there are considerable variations in the information received.
The French national association of French estate agents FNAIM says that house prices fell by an average of 1.5% in 2014, but with significant variations across the country.
Prices fell, most notably by 5.3% in Nord pas de Calais, by 5.1% in Limousin, by 4.9% in Upper Normandy, by 4.8% in Franche Comte, and by 4.3% in Champagne Ardennes.
In contrast, Picardy led the way with price rises of 3.5%, Lower Normandy saw prices rise by 1.2%, Poitou-Charentes by 1%, Languedoc-Roussillon by 0.9%, Auvergne by 0.8% and Brittany by 0.4%.
Read the full article in Property Wire here
Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.