Making an offer on a property – our Guide
12th August 2017 |
Making an offer on a property in France – A Guide
Q: Can I make my offer verbally or does it have to be in writing?
A: In practice you can do either, but we’d recommend putting it in
writing, either via letter or email.
Q: Do I have to offer the asking price?
A: As Agents we’ll put any offer through to the vendors. When we
receive an offer from you, we’ll discuss whether we think there is a
realistic chance of acceptance – this will vary from case to case,
but remember very low offers may well be taken badly by French
vendors – hindering further negotiations
Q: Will we need to place a deposit with you?
A: No, it’s illegal for Agents to take monies at the time of an offer.
You should only pay a deposit over when you sign a reservation
contract or a compromis de vente, and our advice would be to
transfer that directly to your notaries client account.
Q: Why have you asked for proof of ID?
A: As both UK and French licensed Estate Agents, we need to
comply with the money laundering regulations, and so will require
amongst other things, proof of Identification, address and source of
Q: What happens if the offer is accepted?
A: We’ll notify both notaries of the details, who will then draw up
the initial contract between them – including any specific clauses
(for example for a mortgage or a delayed completion) that you
have stipulated in your offer. Your notary will be on hand to answer
any legal questions you have.
For information only – do not substitute for good legal advice – always check with your notary