Find your New Build



 
Why buy with us?
  • Regular on-site visits
  • Focus on South of France and in-depth local knowledge
  • A one-stop-service based in France: no need to ‘hand you over’ to someone else
  • Specialist in new build French property with insider knowledge
  • Registered estate agent under French law with prior experience in property development
  • Bilingual independent and free purchasing help and after sales service
  • Based in South of France where you plan to buy
  • Careful selection of property portfolio thanks to former experience in development
 
advantages
of new  build
  • Financial advantages : stage payments
  • Financial advantages : low maintenance and running costs
  • A personalised home in a wide choice of properties : an extensive choice of property style, type and size
  • Peace of mind : no renovation hassle
  • Peace of mind : a ready-to-move-in property
  • Guaranteed quality : easier to let property
  • Guaranteed quality : latest building regulations
  • Financial advantages : refundable deposit
  • A personalised home in a wide choice of properties
  • Financial advantages : no estate agent fee
  • Financial advantages : no uncertain & extra costs of renovation
  • Financial advantages : reduced land taxes
  • Financial advantages : lower notary fees
  • Peace of mind : secure and regulated buying procedure
  • Guaranteed quality : modern comfort and safety in well-designed home
  • Guaranteed quality : lower energy costs
  • Financial advantages : better resale & letting potential
  • Peace of mind : financial guarantee of completion
 
 

Step 1 : the signing of the preliminary contract

Once the above mentioned boxes have been successfully ticked you are going to sign the initial contract. The most common form is the “compromis de vente”, a bilateral contract that binds both seller and buyer to complete the purchase provided certain conditions are met. This contract precedes the signing of the final deed of sale. The “compromise de vente” is followed by a 7-day cooling-off period during which you can pull out for any reason.


It is advised to have this initial contract drawn by a professional and precisely by a “notaire” because this one has an advice duty towards seller and buyer. The cost is already included in the total legal fees that will have to be paid under completion of the sale. The writing of this document has to be very precise since you will be required to pay a deposit and this pre-contract is still binding even if preliminary.


This preliminary contract states that the sale will go on provided certain conditions called “conditions suspensives” (get out clauses) are met. The very first condition is to obtain a loan if you are requesting one to a bank but this one is always self-implied. The other conditions have to be added or else you might lose your deposit which generally amounts to 10% of the building land value. For instance if you buy under the assumption that you will obtain the planning permission but in the end you do not have this permission you will end up with a building plot that you cannot use for the chosen purpose. Make your intention of building the land clear to the vendor and include it in the pre-contract. In this case the vendor is obliged to say if the plot has been delimited by a “géomètre-expert”. If this is not the case this will have to be done before the final deed of sale. You must also integrate in the pre-contract the fact that you will go on with the sale provided you get a planning permission. Nevertheless, to protect also the vendor, the pre-contract must state a reasonable deadline for you to apply for the planning permission. Another condition you should add in the “compromis de vente” is the fact that you will buy the plot once the planning permission is granted and free of the right to appeal by third parties. As a matter of fact, third parties have a right to contest a planning permission during two and a half months after the publicity of your planning permission. Of course third parties must provide reasonable grounds to contest a planning permission. The last risk of seeing your planning permission endangered is by the administration itself as it has a right of pulling out its decision during 3 months. So if you want to be on the safe side a 3 months period is in principle necessary for a planning permission to be considered as definitive.


The “compromis de vente” will have to state the following information too: civil and marital status of seller(s) and buyer(s), the address and references of the plot, the origins of the vendor’s ownership on the land, the description of the land, the price and how it will be paid, the amount of the deposit, the deadline for the signing of the deed of sale, when the buyer will take ownership of the land, the easements and rights of way, the amount of the estate agent fees and who is to pay for them.


Even though the whole process may seem very complicated you still have to bear in mind that planning laws are applied in a rather relaxed way in most areas, above all in rural areas. Also these rules which seems very stringent they are made to protect all parties and thus avoid overseas property scandals such as in Spain. The job of the “notaire” is that these public rules are adhered to.