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How To Find And Buy Property In France Without Agency Fees



H


ave you decided to take         Savez-vous où elle est?" Of       
advantage of the low real       course they do not know where the 
estate prices in France and     little house is, since you have   
invest in property there? Here        just invented it. But they do     
are some tips about how to locate     know of the huge farmhouse that   
and purchase a ruin, house or         will be up for sale soon. Or are  
castle, without spending to much      you talking about the little      
on agency fees.                       house in ruin? You have now       
                                      started a discussion and before   
Start by picking the region, the      you know it, you will have heard  
area or even the village you          of all the property that has been 
would like to settle in. Next,        for sale over the last year, is   
search the object of your dreams      on sale at the moment and will be 
in a well-targeted way. A very        soon.                             
good first step in this case is                                         
the 'maire', the village mayor.       I have already tried this         
In the villages, he will know         strategy myself - not on purpose  
exactly which house or plot is up     but successfully! During one of   
for sale. He will consider it his     my tours in the area in order to  
duty to find buyers for the           find property for sale, I had     
sellers. So if you ask him the        found a small house with a        
question, he will be most happy       particularly unkempt garden, upon 
to put you in touch with the          which I went to the bar to ask if 
owner. Who, in his place, will be     by any chance it was up for sale. 
happy to receive you since you        Within the next half hour they    
were sent by the mayor! But even      had told me about three other     
without the mayor, results can be     properties for sale. The owner of 
obtained. Make a stop at the          one of these properties, a cute   
local bar and ask: "Je cherche la     little cottage, was just          
petite maison qui est à vendre.       deceased, so it would surely be   



up for sale shortly. In these         found on the web, as well as in   
cases you don't hesitate. So I        local newspapers and in special   
immediately wrote a letter to the     editions specializing in ads.     
local notary public asking if it      When in France, just ask at the   
might be for sale. In return, I       reception of your hotel, at the   
received a rather annoyed letter,     local tobacconist's or baker's    
accusing me - not in so many          for "Le Bonjour", "ParuVendu" ou  
words, of course - of being a         "Le journal des petites           
vulture. In fact I really had not     annonces". You will always find a 
lost any time, because when the       header 'immobilier'. Many of the  
notary received my letter, the        ads featured in this category     
(ex)owner in question had not         will give you the name of an      
even been buried yet. Ouch.           estate agency. But sometimes you  
                                      will find the mention "part. à    
Well, at least this proves that       part." or "agences s'abstenir".   
personal research can lead to         This indicates a private sale, an 
surprising discoveries.               owner who wishes to negotiate in  
                                      person. Without the intervention  
Buying from the owner          of an estate agency. And without  
                                      the added costs!                  
Once you have found a house for                                         
sale, the least expensive way to      As a private seller, if you place 
buy it, is by contacting its          an ad without mentioning the one  
owner directly. When there is no      or the other, you can be sure to  
real estate agent involved, there     be contacted by many estate       
are no commission and no              agencies telling you they have a  
negotiation fees. This means          buyer, but in fact they just want 
considerable savings, as agencies     to sell your house for you.       
will ask 6% to 10% commission on                                        
a sale. Private sales can be          For the buyer, negotiations       



directly with the seller present      the transaction as soon as        
more advantages than                  possible, for the highest         
disadvantages. Because you are on     possible price. Remember, he is   
a one to one basis with the           paid by the seller.               
seller, who cannot hide behind                                          
his estate agent. "So what about      So, estate agent or not, in any   
the estate agent's professional       case you have to make sure for    
contribution?" will you now say.      yourself that you are not buying  
Well, he is not always perfectly      a cat in the bag. Bonne        
objective (without wanting to         chasse!
                       
harm the 'good' ones) and his         

                              
interest is mainly to conclude        




About the Author:

Gregor Hakkenberg is a Dutchman living in France, and webmaster of http://www.immogo.com where private owners can advertise their house for sale in France. This and other articles about the French real estate market can be found on http://www.living-in-france.info


Read more articles by: Gregor Hakkenberg

Article Source: www.iSnare.com


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