FAQ - REAL ESTATE TRANSACTIONSFind all the answers to your questions about your real estate transaction here
HOW DO I KNOW THE VALUE OF MY PROPERTY?It is difficult to estimate the value of your property yourself and this can lead to major errors of assessment, bringing little or no contact for your real estate transaction.
The price of your property depends on many criteria: age, surface, geographic location, environmental advantages and constraints ...
This is why it is important to call on a professional and experienced real estate agent, who can assess and assess these criteria and establish a precise value for your property.
HOW DOES THE REAL ESTATE AGENT DEFINE THE PRICE OF MY PROPERTY?The real estate agent will be based on several criteria: the characteristics of the property and its environment, his knowledge of the current real estate market and recent real estate transactions in the sector, as well as the search for potential customers.
This last point is fundamental. As a seller, you do not know the wishes and reactions of potential customers to the characteristics of your property. The real estate agent brings you this essential element of response for setting the price.
WHAT ARE THE RISKS OF OVER-ESTIMATION?Putting your property up for sale or renting beyond the market price leads potential customers not to visit your property or to be disappointed during the visits.
Your property will be located outside the market and will eventually depreciate.
HOW TO SELL OR RENT MY PROPERTY?Once the value is defined, the real estate agent sets up the promotion of your property for a transaction in the shortest possible time: website, display window, social networks ...
He will need your help when taking photos and for visits in the best conditions: clean and tidy accommodation, enhanced ...
Do not hesitate to ask your real estate advisor, he will give you all the advice you need to make your transaction a success.
WHAT HAPPENS WHEN A PURCHASER MAKES AN OFFER?Remember that your real estate agent is a professional negotiator. Its goal is to arrive at a fair price.
He checks the financial capacity of the potential buyer, negotiates the final price as well as possible, assembles and manages the legal file to formalize the compromise.
WHAT IS A SALES COMMITMENT?The sales agreement is the document by which seller and buyer agree to buy and sell real estate at an agreed price (provided that the buyer obtains his loan). It is a firm and definitive commitment from both parties.
Once the sales agreement is signed, the buyer is not yet the owner. The transfer of ownership takes place after the final signature with the notary, generally three months after the sales agreement.
During these three months, the buyer must complete several steps, in particular with the lending organizations.
If the buyer no longer wishes to buy when all the conditions precedent have been lifted, he loses at least his deposit check paid upon signing the compromise.
WHAT IS AN AUTHENTIC ACT?The authentic deed, or notarial deed, is an act drawn up and registered by a notary.
It is the document which records the transfer of property to the buyer and the payment of the price to the seller.
It intervenes when all the documents for the sale are gathered:
- - Obtaining home loan (s)
- - Purge of any right of first refusal
- - Obtaining a possible deposit
Before he signs it, the sales contract must be sent to the buyer at least one month before the scheduled date of signature.
At the signing of the authentic instrument, the rest of the sum corresponding to the sale price of the property is paid (a deposit of 10% is generally paid during the compromise). Notary fees are also paid.
HOW TO CHOOSE THE NOTARY?Each party may be assisted by the notary of their choice, without additional cost on the costs of deeds.
Your real estate agent can guide you on a notarial study if you do not have a notary public.