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As
you would expect the higher your level of French the easier and
more comprehensible this process actually is. However as the expatiate
market expands so does the level of English spoken and the number
of services provided by native English speakers.
There are three main ways to find your ideal home. Through an estate
agent, agence immobilier, buying direct from an owner, or through
a property location service. If
you would like a service that arranges all your appointments with
estate agents and owners direct. Is on hand to translate and advise.
Click Here
Agence
immobilier- a good one should be a member of the professional
association FNAIM.
Not surprisingly an agent earns her or his money selling properties,
usually 10% of the agreed price and usually paid by the seller not
the purchaser. Ensure you confirm this fact before hand as some
sharp practice has been occurring recently whereby purchasers have
been paying agents, I suspect a double whammy has been played occasionally
with the agents racking off 10% from both parties. Caveat emptor.
The agency world is highly competitive in the Aude. Sellers are
in no way bound to using just one agency. A single property can
be with upwards of five agents. This is why agents are usually very
vague about the real location of a property, adverts in the press
and in agents windows say things like, "close to Narbonne",
this can mean anything from in Narbonne itself to half way to Carcassonne.
They do this for two reasons, firstly to ensure you walk through
their door and not the agent two doors down and secondly that you
do not approach the buyer direct.
This is also the reason why an agent gets you, the buyer, to sign
an agreement listing the houses they have shown you. This accord
ties you, should you wish to buy the property, into buying it through
them for the next 18 months. There is nothing sinister about this
document, without it they wouldn't be able to make a living.
Good agents should have a knowledge of the local services, schools,
planning permission regimes and flood conditions.
Price negotiations with agents is a trickey issue. For this I go
back to my first point, an agent is paid a percentage of the final
price: Therefore it is in their ultimate best interest to get the
best price possible for a property. However a bird in the hand is
worth two in the bush and an agent is aware of the real potential
buyers in a property, they may be able to persuade a seller to go
for a lower price to realise their asset sooner rather than later.
As rule of thumb though, all things being equal, an agent will over
price a property by between 5-10% to give themselves room for manoeuvre.
For a list of local agents click here.
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Property
Location Services
With the increase in popularity of the area amongst non-French
speakers and people for who are money rich but time poor a number
of property location services are available. We run one on a small,
select scale.see Our Service They
will take your requirements, search all available options, talk
to agents and owners on your behalf, sort out the notaires, help
you in the bidding process and guide you through the whole transaction.
LanguedocLive
are another service, part of France wide franchise (I think)that
provide a similar service, they have an office in Fitou an agent
in the Corbieres. Relocate
to France specialise in the fantastic high Aude.
Buying
From the owner direct
Cutting out the
middle man has a huge advantage, namably the 10% agency fees. THe
best, but time consuming, way to find property is to walk round
villages looking for a vendre signs. Asking at the local bar or
cafe and looking at the little hand written ads in supermarkets
also can turn up some jems. A good undrestanding of French is very
helpful, as amny of the properties are empty and just a hand written
phone number is visible as contact details. Various website have
properties posted by the owners direct,
le-guide has a few as does the forums of The
Languedoc Page, sam's site OdetoAude
sometimes has some, as does Sam's other site French factor . www.midi-web
is a good site for those looking in Roussillon.
An issue that may come up when buying from an owner direct is the
possibility of part of the price cash in hand, liquide. There
are advantages and disadvantages to this one. One big disadvantage
is of course that it is illegal. The advantage is that any cash
in hand transfer comes off the official price of the property so
the notaires fees are lesser, and often the owner will knock an
extra bit off the price so that he/she can get away with paying
lower Capital Gains Tax. A common sitaution is that you will be
buying a house of the children of the recently deceased owner, they
will have undervalued the property for inheritant tax purposes and
now face a large tax bill which they are trying to get round by
asking for an under the table contribution. Which neatly gets us
onto another possible disadvantage for the buyer, CapGains on secondary
houses takes 22 years to get down to zero. You will pay this tax
when you come to sell the house on the difference between the official
price and what you finally get- liquide brings down the official
price so you could well end up turning a short term positive into
a long term negative. Last but not least, if you are buying a really
cheap place there is a minium Notaires fee which you have to pay
regardless- so a reduced price may not benefit you at all. On balnace
I would say that undre the table dealsmainly benefit the seller
as the price of the buyer and the State. But your big boys and girls
now- just don't say I didn't warn you.
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