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Finding/Owning French Property
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 01/05/2008, 16:55
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gosub
 
Joined on 15/01/2008
North 47
Posts 309
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Re: Selling our house in France
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02/05/2008, 7:14
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P-D de Rouffignac
Joined on 14/03/2007
Posts 110
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Re: Selling our house in France
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Replying specifically to Belle: I recently sold my apartment (apartment A) in order to buy another (apartment B). I made it clear from the outset that the sale of A depended on my finding a replacement (B) and vice-versa, and the two transactions not only depended on each other but were supposed to happen the same day.
In the event I sold apartment A about two weeks before completing the purchase of apartment B, due to a delay in paperwork from the vendor. Technically the purchase could have fallen through at the last minute, leaving me homeless, but everything went through smoothly in the end. I left the proceeds from the sale of apartment A with the notaires (they handled both transactions, which helps) so that the funds were in place for the completion of B. Regarding the ten per cent deposit against the purchase of apartment B, I wrote a cheque for this several weeks earlier but it was held but not cashed by the agents, and on the day of the final signature 100 per cent of the purchase price of apartment B was transferred to the vendor.
So it is possible to buy and sell in one move, in circumstances like these, and it helps to have a single notaire involvedd for both transactions, and as noted above make it clear to everyone what's going on, and get their agreement. For example, I stayed in my original apartment (A) for several days after it was sold, by arrangement with its new owners.
Hope this helps.
P-D de Rouffignac
www.francemediterraneanproperty.com
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02/05/2008, 12:48
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Morbihan Properties
Joined on 01/05/2008
Posts 4
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Re: Selling our house in France
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02/05/2008, 16:55
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sweet 17
Joined on 05/08/2006
charente maritime
Posts 2,960
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Re: Selling our house in France
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 P-D de Rouffignac wrote: | |
Replying specifically to Belle: I recently sold my apartment (apartment A) in order to buy another (apartment B). I made it clear from the outset that the sale of A depended on my finding a replacement (B) and vice-versa, and the two transactions not only depended on each other but were supposed to happen the same day.
In the event I sold apartment A about two weeks before completing the purchase of apartment B, due to a delay in paperwork from the vendor. Technically the purchase could have fallen through at the last minute, leaving me homeless, but everything went through smoothly in the end. I left the proceeds from the sale of apartment A with the notaires (they handled both transactions, which helps) so that the funds were in place for the completion of B. Regarding the ten per cent deposit against the purchase of apartment B, I wrote a cheque for this several weeks earlier but it was held but not cashed by the agents, and on the day of the final signature 100 per cent of the purchase price of apartment B was transferred to the vendor.
So it is possible to buy and sell in one move, in circumstances like these, and it helps to have a single notaire involvedd for both transactions, and as noted above make it clear to everyone what's going on, and get their agreement. For example, I stayed in my original apartment (A) for several days after it was sold, by arrangement with its new owners.
Hope this helps.
P-D de Rouffignac
www.francemediterraneanproperty.com
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P-D, that is so helpful. I'm looking to move and I did think I'd have to get some very expensive euros to put down as a deposit.
Also, I was fearful about a scenario where I'd sold my house but hadn't found another one to buy! The ultimate nightmare but now I feel considerably better able to arrange things based on your experience.
Can't thank you enough.
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France Forum » Moving » Finding/Owning ... » Selling our house in France
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