Sell your property

Advice for selling your property

A thorough knowledge of the local market makes an estate agent an essential part of any property sale or purchase. With day to day updates of any transactions made and criteria which may influence local property value, we are well informed advisors available to make the process as easy as possible for you.

Property capital gains in France

Article 10 of the 2004 financial law has changed the taxation of capital gains in France resulting from sales of property or property market shares. This reform exonerates the taxpayer from all declaratory obligation by substituting the current regime with a blanket proportional rate of 16% payable in addition to any mandatory social charges. Notaries are now responsible for the declaration and payment of this tax on behalf of the property seller aswell as all registration fees due by property buyers.

Preliminary sales agreement

Property buyers / sellers may sometimes be led to think that signature of a preliminary sales agreement is not in anyway binding. Do not be misled: a preliminary sales agreement is a contractual document and once signed entails important responsibilities from both parties.

A preliminary sales agreement is also sometimes known as a “synallagmatic” or more commonly a bilateral contract, and is important for three main reasons:

• To be able to obtain an up to date planning certificate (without which a property sale cannot be completed)
• To allow the town hall its right to refuse the sale
• To ensure that the property buyer’s funds have been secured

These three conditions must be met for a sale to be accepted properly and are noted in the termination conditions of the sales contract.

Through application of the SRU law of 13 December 2000, all buyers / sellers have the right to withdraw from any sale within 7 days.

Advice is our vocation

A free estimation of your property is the first step to take before putting it up for sale. The calculation of its value must be thorough and take into account various important criteria.

There is of course an average price per m² for each different type of property but it is important to consider the advantages and disadvantages also and apply them accordingly (exposure, general condition, quality of the building, proximity to pistes…etc). To make sure your property is valued correctly, a visit from your local estate agent is essential.

Sales Department
Matthieu GIBELLO
Mobile: +33 (0) 6 32 53 02 84