Compris de Vente

[Pumpkin]

Does anyone know how easy it is to not complete on a property where the compris de vente has been signed and the deposit paid? What are the consequences of not completing? Thanks.

[PaulT]

I think it is very easy. You just do not sign the Acte and lose your deposit. Is it also possible for the vendor to sue for the full value?

[sid]

Isn't this one of the things we like about the French system of house purchase? It focuses the mind wonderfully; you only sign the 'compromis' if you intend to go ahead and see the deal through. How I wish we'd had this in England where our house was 'sold' 5 times, to various time-wasters noly to have them pull out at the last minute, and with absolutely no redress for us.

Sid

[Iceni]

And in England I only sign a "buy" contract and instruct my solicitor to exchange if I intend to go ahead and see the deal through. Not so different to France really.

John

not

[Nick Trollope]

[quote user="Pumpkin"]

Does anyone know how easy it is to not complete on a property where the compris de vente has been signed and the deposit paid? What are the consequences of not completing? Thanks.

[/quote]

Is ease the real question?

You have signed a contract. If you break the contract you will be liable for any breach of that contract. That could include (but is by no means limited to,) your deposit (or rather 10% of the purchase price), any out-of-pocket expenses of the Vendor and the Agents and Notaires fees .

Now, what is the actual question?