Buying a property in france


(Martin O'Connor) #1

A quick question if somebody can help. I found a house for sale in Tarbed, 86meters in good order downstairs, upstairs is 60 meters which can be turned into 3 bedrooms and sitting room (unfinished). There is 2400 square meters of land part of which is a private road to the property. Part of the land can be used to build a second house. The property is for sale at 175,000 euros but the agent wants 6,000 on top and the notaire who is also the agent another 8%.

The property was built in 1970 and is in a good livable state with a great view of the Pyrenees.

Does it seem expensive with notaire and agent fee on top?


(Martin O'Connor) #2

Thanks All.


(Christian Mauve) #3

Hi Martin,

The price is at the average selling level for Tarbes. Agent and notary fees are ok.

Don't forget that most properties in France are sold at a price ~10% under the asked price. You should have some room for a price discussion, especially if you are a cash buyer and there is no or little competition.

Christian


(anon61990393) #4

These numbers seem ok, the agent is taking 3.5% (which is not alot) and the notaire 8% which is fixed by the state.

Be careful with planning permission on the second house.

Don't forget to ask for the diagnostique thermique

Sounds great, in Montpellier you'd get a one bedroom flat for that money!

Cheers


(Pauline Ann Smith) #5

Notaires fees (which in fact are mostly disbursements that go to the state - land registry costs etc) are fixed according to various criteria including the value of the property. That sounds about right but you can check on http://www.pap.fr/argent/calculettes/frais-de-notaire?gclid=CjwKEAjww9O3BRDp1tq0jIP023YSJAB0-j1S7Nbd34FasWfQe_mjLkaLYc94pd5n7MhRHfNOowr45hoCigTw_wcB

just put the figures in and it will tell you what the fees should be. This fee is unavoidable, everybody pays it when they buy a house in France.

When you say part of the land can be used to build a second house, make sure permission is in force and also be aware that the permission doesn't last for ever - if you haven't started building within the timescale, the permission will lapse and may not be renewable. So if you intend to do this, it needs to be a near term project not a long term project in 10 years or so, because that may turn out not to be possible.