Proposition D'Achat

[oldtimer<STRONG>oldtimer<STRONG>]

Could someone please explain the legal implications of the above when used in the purchase of a property and supplied by an immobilier? I am assuming that a "compromis de ventre" follows but am I correct with this assumption.?

Thanks in anticipation.

 

 

 

 

 

[Rob G]

We'll soon be completing on our house purchase in Normandy, so have recently been through this process.

As I understand it, the "proposition d'achat" is a non-mandatory document which some estate agents choose to use. It really amounts to a "written offer", but does not have the legal force of a "compromis de vente", which is a legally binding contract with penalties if either party reneges. In general terms, once the "proposition d'achat" is accepted, it would be normal to fairly quickly proceed to a compromis.

We didn't bother with a proposition d'achat at all - we just made a verbal offer which was accepted, and then within a couple of days signed a compromis.

 

Rob

[Will]

Although a Proposition d'Achat is not a substitute for the compromis de vente, which is a legal contract, it can be very useful for you, as buyer, as it is proof of the offer you have made for the property. There can sometimes be disputes over this, particularly whan the house is on the books of several agents. It is mainly of use when you offer the asking price, which, in France, will secure the property for you. Then, should somebody else subsequently put in an offer, your Proposition d'Achat can prove when your offer was made.