Whether you’re embarking on the journey solo or seeking the assistance of a real estate agency, selling a property in France involves crucial steps that demand attention. Join us as we explore the key stages to ensure a successful and secure transaction.
- Determine the Selling Price: The initial and critical step is establishing the property’s selling price. Choose between conducting a self-assessment based on market research or opt for a professional appraisal by engaging a real estate agency.
- Create a Listing: Armed with the selling price, proceed to create an enticing listing. You can take charge using real estate listing websites or delegate this task to a real estate agency for their expertise in reaching a broader audience.
- Property Viewings: Property viewings are pivotal for finding potential buyers. If working with a real estate agency, their agents will efficiently handle this step, coordinating viewings and providing valuable feedback.
- DPE (Diagnostic de Performance Energetique): In France, presenting a DPE certificate assessing the property’s energy efficiency is mandatory. Ensure you have this document ready at the beginning of the sales process.
- Mandatory Inspections: Beyond DPE, mandatory inspections such as asbestos, lead, and termite assessments are crucial for buyer safety and integral to the sales process.
Special Note on Capital Gains Tax (CGT) for Non-EU Tax Residents: Non-EU tax residents selling property in France may need a designated tax representative to assist in accurate CGT calculations, collaborating with a notary. We’re here to offer expertise and support in this process.
- Why Choose Your Own Notary: Consider selecting your notary for the transaction. They play a pivotal role in drafting the sales contract and ensuring a legally sound process, working in your best interests without additional costs.
- Solicitors (Optional but Reassuring): While not mandatory, many sellers opt to work with solicitors specializing in real estate law for additional advice and reassurance throughout the sales process.
- Valuation of Furnishings: If selling a furnished property with significant furnishings, consider having them appraised by an auctioneer. This can reduce the basis for notary fees and capital gains tax.
- Different Phases of the Sale: The sale involves various stages, including signing the preliminary sales contract (compromis de vente), the withdrawal period, and the final signing of the definitive deed of sale.
- Finalizing the Sale: Handing over keys and transferring the property marks the conclusion. Ensure compliance with suspensive clauses to prevent potential cancellation.
Armed with a comprehensive understanding, whether venturing solo or with a real estate agency, adhere to all legal and tax steps for a secure property transaction in France. Your peace of mind remains our priority, and we’re here to guide you every step of the way.