How to buy a Property in France: The Guide

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 Buying property in France involves making an offer, signing a preliminary contract (compromis de vente), paying a 5-10% deposit, and completing the sale through a notaire (public notary) within 2–4 months. Foreigners can purchase without restrictions, but should budget an extra 7–10% for fees and taxes. [

The Step-by-Step Purchasing Process 

1. Find Property & Make Offer: Search through portals like SeLoger. Once an offer is accepted, a notaire is appointed to handle legalities, searches, and taxes. 
2. Sign Preliminary Contract: You will sign either a Compromis de Vente (firm commitment) or Promesse de Vente (option to buy). This sets the price and conditions, such as obtaining a mortgage. 
3. Cooling-Off Period: After signing the preliminary contract, you have a 10-day period to withdraw without penalty. 
4. Deposit Payment: A 5% to 10% deposit is paid into the notaire’s secure client account. 
5. Title Search & Surveys: The notaire conducts mandatory searches, including diagnostics for asbestos, lead, termites, and energy efficiency (DPE). 
6. Finalize Financing: If using a mortgage, final approval is secured during this period. 
7. Signature of Acte de Vente: The final deed is signed, the remaining balance is paid to the notaire, and you receive the keys. 
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Key Considerations 

• The Notaire: A notaire is a legal official mandatory for property transactions, ensuring the sale complies with French law. 
• Costs: Budget 7–10% of the purchase price for notaire fees, registration, and taxes. 
• Property Diagnostics: A dossier of diagnostic reports (termites, energy rating) is mandatory for the seller to provide. 
• Foreign Ownership: You can buy in your own name, jointly, or via a company (e.g., SCI). 
• Non-Residents: Non-EU citizens are limited to 90-day stays in France without a visa.
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Useful Tips 

• Mortgage Protection: If the sale contract includes a mortgage clause and it is not approved, you can withdraw without losing your deposit. 
• Currency Exchange: Use a specialized, experienced foreign exchange broker to transfer funds to the notaire for better rates. 
• Property Type: Consider if you are buying a second home or a primary residence, as this affects tax implications. 
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