About kimterrell

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France: Buying a small home in Bretagne:

Hello, I have been living in France since 2012 and I have learned one thing and that is not to scrimp when it comes to major purchases, especially a house. If you are going to purchase the equivalent of a FSBO understand that it is a different world here. You could find yourself in a lot of trouble. For one thing, most places require the sale to be posted to give local people the opportunity to purchase the property if they want to. Bypassing this notification could nullify your sale. The notaire will oversee the legal work connected to the French house sale including, drawing up contracts, arrange for certain searches to be done: such as establishing whether the vendor has title to the property, an asbestos, lead, and termite survey, checks to make sure there are no outstanding mortgages against the property, establishment of boundaries, etc, collect the taxes due on the transaction to the Commune, the Department, and the State, and hold the money for the property in his bank account when the time comes to transfer it from the buyer to the vendor. Wiring money should not occur until you have a better understanding of how the French conveyance system works. Good luck.

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