maude Posted January 20, 2010 Share Posted January 20, 2010 Hi folks.We are hoping to sell this house very shortly.however we then have to find another and there is the query.What ideas are there out there regarding financing the 10% deposit to allow a compromis de vent to go ahead.We are only on retirement income and small amount of capital savings.Unfortunately not working out where we are for personal reasons, so need to move,possibly to a smaller house with less upkeep.Any advice welcome. maude Link to comment Share on other sites More sharing options...
Les Posted January 20, 2010 Share Posted January 20, 2010 It's not written in stone that you must pay a 10% deposit, lot's of people negotiate a smaller or even no deposit. Link to comment Share on other sites More sharing options...
Gastines Posted January 20, 2010 Share Posted January 20, 2010 Ask the Notaire. Having sold a few times we had one buyer who paid a deposit of E500. The notaire did point out to them that if they defaulted ,they would be liable to pay the full 10% deposit. You can also ask advice from the notaire what arrangements can be made as I'm sure a lot of buyers can't come up with the 10% untill thay recieve payment from their own sale. Most Notaire's would give you this info free,especially if they will eventually be dealing with the sale. Link to comment Share on other sites More sharing options...
Tricia Posted January 20, 2010 Share Posted January 20, 2010 We were in the same position and went to the bank to ask ( Credit Agricole.) There were 2 types of loan which could apply, and they lent us the money.It does depend on your income, but you can always ask. Pat. Link to comment Share on other sites More sharing options...
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