Mr Coeur de Lion Posted February 2, 2011 Share Posted February 2, 2011 I have a buyer for my smaller property and am selling privately.Is there a procedure anywhere I can follow in order to complete the transaction? Can I download the compromis de vente from the net, fill it in and send it to the buyer? Once he has signed it, does he then send it to the notaire?It's basically an old barn and I bought it 3 years ago. Do I need to get any reports done, or can I use the ones from 3 years ago? The buyer is English and an aquaintance.Of course, I'm doing all this from the USA, so it's a little harder than normal.Any advice or pointers gratefully accepted. Link to comment Share on other sites More sharing options...
P-D de Rouffignac Posted February 2, 2011 Share Posted February 2, 2011 My advice, if you have received a written offer (on ordinary paper) from your buyer, is to agree which Notaire to use, and to contact him/her and then send all the available information you have - such as your original 'titre de propriété' (title deeds) from when you bought it three years ago. The Notaire will need all this information - cadastral reference etc plus full details of the buyer - in order to prepare the 'compromis de vente' for signature by you and your buyer. You will need the Notaire anyway to complete the sale and his/her handling the 'compromis' will not cost any extra ('frais de notaire' including taxes etc paid by the buyer). A 'compromis de vente' is a complex document, almost identical to the eventual 'acte de vente' and not something you could easily draw up yourself. Hope this helps - P-D de R. Link to comment Share on other sites More sharing options...
Mr Coeur de Lion Posted February 2, 2011 Author Share Posted February 2, 2011 That's a good idea. The notaire I'll use is the one I used to buy the property anyway, so he has all my details and property details.I'll ask the buyer to make a written offer and the mail it to the notaire. Many thanks.And just to be clear, whatever he's offered me is what I will walk away with? Link to comment Share on other sites More sharing options...
bluebaguette Posted February 2, 2011 Share Posted February 2, 2011 I agree with the above - use a notaire as they are liable for the content of their contract. What if you filled in something wrong?Whether you come away with the money he has offered you depends on whether you are liable for capital gains tax or not. How long have you had the place? Are you selling at a profit? Link to comment Share on other sites More sharing options...
idun Posted February 2, 2011 Share Posted February 2, 2011 I didn't think that there was a choice, a notaire has to be used. I always look upon them as french tax collectors anyway. Link to comment Share on other sites More sharing options...
Mr Coeur de Lion Posted February 2, 2011 Author Share Posted February 2, 2011 No CGT, the place is only worth €4.5k. That's what I bought it for 3 years ago, and that's what I'm selling it for.I think when I sell my other property (my house), it'll be a little trickier as I lived in it for 5 years, spent a lot of money doing it up and is currently rented. Link to comment Share on other sites More sharing options...
bluebaguette Posted February 5, 2011 Share Posted February 5, 2011 Yes, it will be calculated on a second home and you will presumably be selling at a profit. Have you kept the bills from work you have had done? If not, you can ask the notaire to apply a 15 percent reduction for work done. Link to comment Share on other sites More sharing options...
Mr Coeur de Lion Posted February 5, 2011 Author Share Posted February 5, 2011 Not selling at a profit therefore no cgt. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.