Foreigner – Practical advice for moving forward

Foreigner – Definitions

The sale/purchase of a property is almost always preceded by a preliminary contract, by which the future buyer and seller declare their intention to achieve the deal and set conditions. It provides a deadline and some cancellation clauses, enabling to verify the property transfer feasibility (to take out a mortgage loan, get the legal records about the property, check zoning regulation and local development plan etc.).

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Foreigner : follow the right advice

There are three main types of preliminary agreements:

  • The unilateral promise to sell
  • The purchase bid – promise to purchase
  • And the provisional sales contract.

Each of these instruments has important and different consequences, about which your Notaire , if contacted before you commit yourself, will call your attention and provide practical advice.
You should never rely on headlines only. Such offers and bids include detailed conditions and commitments, including compensation. A careful check of the full content is essential to understand what you’re committed to.
Notice that the terms and conditions of sale set in preliminary agreements will be very difficult to amend thereafter. Such agreements can block any other bids, even more attractive, for several months.

The deed of sale

Any property sale must be officially recorded by notarized Deed.
After the preliminary contract has been signed, your Notaire undertakes formalities, gets the mandatory authorizations and documents to ensure that the final deed of sale is complete, fully effective and will not be disputed or even cancelled, and draw up the deed of sale.
Some formalities have to be done before the signature, some afterwards.

Foreigner – Choosing a notary to accompany you

The notary’s office Paris 17 GUILBAUD MALAMUD MERCIER MOUSSAY COLOMBIER is at your side to assist you.

The choice of your notary is therefore important on more than one criterion:

  • A notary who is geographically close to you
  • A notary with experience since 1981
  • A notary who is responsive and masters the field you entrust to him
  • A notary who listens to your needs, your project and your environment
  • A notary available via videoconference despite the distance

The notary’s office Paris 17 GUILBAUD MALAMUD MERCIER MOUSSAY COLOMBIER is located at 31 Rue Henri Rochefort, 75017 PARIS.

The notary’s office Paris 17 has 5 notaries and collaborators at your disposal to help you with all your projects.

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