MLS-2 Blog

French Time is long - even the “cooling off” period!

November 18, 2007 on 8:49 pm | In Reviews, Investment, International, French Real Estate |

If you long for the the long dinners, the laid-back lifestyle of a French home, you’ll just have to wait!

With “off-plan” new build, you have 8 full weeks “cooling off” period from day of reserving a property. World-wide the max. is 10 days for “cooling off” and the normal is 3 to 7 days). Your deposit is fully refundable during this period. (of course, this is a good wait.)

To help we advise all investors to look at two important Government websites :
1 : www.insee.fr (have English Version). GOVERNMENT. Ministry of Economic and Trade.
2 : www.notaires.fr The official website of the State notaires. English version. They have wonderful booklets to download - in English

We also appoint an English speaking notaires for you to contact. You will find list of English speaking the notaires on their website of thru any French Embassy, or the American Embassy in Paris. (Remember : the notaire “closing” fee is fixed by the State at 2.5% per property – whether there is one, or ten notaires involved!)

Yes; dealing in a foreign language can be daunting, but you will find the benefits of French property worth the little “extra” time and effort.