November 11, 2017

From your set budget, you need to work out your true, realistic budget. You need to take into account all the things that traditional agents assume you know – but you usually don’t (at least the first time around). Such as:

•  Stamp duty: purchase fees and taxes are an...

November 10, 2017

Your TPM (“true purchase maximum”) will help you decide which properties to visit. Say your TPM is 410,000€. You can safely assume that no property sells for the asking price – so you can factor in a negotiation margin. But how much?

Generally, the answer depends on th...

November 9, 2017

Your initial offer is crucial

Your initial offer is the start the discussion – not the end point. So your initial offer should not be the maximum you would be willing to pay. Because if you do, there will not be any negotiation: it will be a take-it-or-leave-it situatio...

November 8, 2017

A 3-way discussion

Buyers should remember that it is not a good idea to disclose any information to the agent that could be used to their disadvantage during the price negotiations (unless of course they are a buyer’s agent working for you).

Be aware that when you are ne...

November 7, 2017

Listing agent

The traditional agent’s commission: By law, offered prices must include the selling agent’s fee: the offered price should be followed by the letters FAI (« frais d’agence inclus »), and the ad should mention the full monetary cost of the commission. For ex...

November 6, 2017

You may have heard about people having their dream property snatched away by a competitor with a higher bid, just before exchange of contracts – after they already had invested time and money to prepare their purchase.

This practice doesn’t exist in the USA because a wr...

November 5, 2017

 “Notaire’s fee” (“frais de notaire”) is a global term used to describe the legal costs of the purchase, which include taxes to be paid on the purchase (stamp duty), the notaire’s expenses and the notaire’s own remuneration. Unlike the agent’s commission, those fees ar...

November 4, 2017

Transfer of funds


At the time of the compromis de vente, you need to arrange transfer of funds to pay the deposit of (usually) 10% of the net purchase price. From this point on, if you withdraw from the sale, you could lose your deposit – unless it is for one of the re...

November 3, 2017

In our experience, most foreign property buyers in Uzège pay cash. It is possible that try and arrange a mortgage with their high-street bank at home. 

Because for foreigner without French-based income, getting a mortgage is tricky – whatever their net worth. It is not...

November 2, 2017

Taxe d’habitation

It is a residence tax. You have to pay this tax if you own a property and live in it yourself (or have it available for your use, or rent it out on short-term lets). Where properties are rented out long-term, the tenant pays. Taxe d’habitation is deter...

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MONEY MATTERS

CHAPTERS

BEYOND THE BOOK, THE BLOG

© 2017 by Uzège Transactions et Développement

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