Many people are probably wondering whether to rent out or sell the property they currently own.
If you are still considering selling, please contact us first to find out how much you can sell your property for and how much tax you will have to pay after the sale. We will provide you with a free property price estimate and a formal quotation.
Documents
Required documents
If you have decided to sell, please prepare the following documents. These documents contain important information about the property, serve as a basis for potential buyers to make their decision, and are required by the notary public to draw up a preliminary contract.
- Title de proprieté (title deed)
- Règlement de copropriété (management association regulations)
- Administration fee invoices for the past three months
- General assembly reports for the past three years
- Your most recent property tax bill
Diagnostic Techniques
Building Standards Inspection
It is also the seller’s obligation to carry out the following diagnostic techniques (building standards survey) before signing a provisional contract. The cost is approximately 500 euros, and a specialist company will carry out the survey all at once. We can also arrange for the company to do this. Please note that for those who have signed a Mandat Exclusif de Vente (exclusive real estate sales commission) contract with us, as explained below, we will cover the cost of this survey.
- Surface loi carrez court standard area
- Amiante (DTA) asbestos
- Termites and pests
- Plomb (CREP) lead
- Performance énergétique (DPE) Building energy efficiency
- Etat des risques naturels natural disaster areas
- Indoor gas piping installation
- Electrical installation: indoor wiring
Mandat de Vente
Real estate sales deed
Once you have decided to sell, you will sign a Mandat de Vente (Real Estate Sales Deed). By signing this deed with the seller, we will be able to advertise the property, find a buyer, accompany you on viewings, and proceed with the sale process. This deed will specify the property’s address, description, selling price, real estate price, contract period, etc.
The Mandat Exclusif de Vente (Exclusive Real Estate Sales Mandate) is an exclusive contract with our company, and the seller cannot request other real estate agents. Instead, we will give top priority to the property and spend advertising expenses on the sale, so the property will sell quickly.
A non-exclusive real estate sales mandate (Mandat de Vente sans Exclusivité) allows you to contract with multiple real estate agents or sell your property individually. However, since no agent has exclusive rights, no agent will have priority, which can make the sale take longer.
The Mandat de vente is an essential document that real estate agents need to officially sell the property. Until this document is signed, advertising cannot be carried out, so it is no exaggeration to say that the selling process begins with this document being signed.
Préavis
Notice of eviction
If you are selling a property that you are renting, you must send a notice of eviction to the tenant by registered mail with delivery confirmation six months in advance. This notice of eviction must later be submitted to a notary public, so be sure to keep a copy of the letter and a delivery receipt in a safe place.
Publicity
Advertising and promotion
We advertise not only on our website but also on the largest real estate internet site in France.
We also advertise in the window displays of our store in the Palais Royal in the Opera district.
Visit
Viewing the property
If the property you are selling is unoccupied, it is easy to have you leave the keys with us. If you are living in the property yourself or have renters living in it, we will contact you the day before to confirm your availability and then come to view the property with you.
The first impression of a property is determined by the first glance, so we recommend keeping the room tidy and clean to make it look as appealing as possible during the few minutes it takes to view it.
Contrat provisoire
Provisional contract
Once the price is agreed upon with the buyer, the process of signing a provisional contract begins immediately. The deposit required at the time of signing a provisional contract is approximately 5% to 10% of the property price. Recently, there have been many cases where young people borrow the entire amount from a bank to buy a property, and if the deposit is too high, they will not be able to prepare it by the time of signing the provisional contract, so it has become common for the deposit to be 5%.
The deposit for this provisional agreement will be held by a notaire (notary public) in a special account and will not be given to the seller until the final contract is signed.
There is a cooling-off period of eight days from the date of the provisional contract, during which the buyer can cancel the contract without giving any reason.
In addition, if the provisional agreement is subject to a Condition Suspensive and the buyer seeks bank borrowing, the provisional agreement may be invalidated without penalty if it is proven that the borrowing is not possible.
If you receive a notice of a general meeting of the management association after the provisional contract has been signed, please contact a notary public immediately. Any votes taken at general meetings after the provisional contract has been signed will be the responsibility of the buyer. You are obligated to send a letter of attorney to the buyer so that they can attend general meetings during this period.
Contrat de vente
This Agreement
The final contract will be signed approximately three months after the provisional contract. If possible, you should move in and unpack your belongings two weeks before the final contract is signed.
Under this contract, when we receive the sale price, we will also receive a check from the buyer for the next invoice for the property tax and management fee, calculated on a pro rata basis. The next invoice will be sent to the seller, so the seller will pay it all at once.
The keys will be handed over to the buyer on this day, so please have all keys ready.
It is best to leave the electricity and gas turned off in advance so that the buyer can begin construction and move in the next day, and to complete the title transfer procedure together with the buyer on the day the contract is finalized. However, it is easier to avoid having to do the same work if you check the electricity and gas meters in advance.