Purchasing Property Step by Step

Purchasing Property Step by Step

Immaculate Interior Design…Le Beaubourg

 

French Property Insider

February 25, 2010
Paris, France
http://adrianleeds.com/frenchproperty/insider


Bonjour French Property Insider Subscriber,

From the point you find the property of your dreams to when you walk away with the keys, is a long, but sure process that eliminates the risks involved in taking title of a property in a foreign land. Allow a good three months to become the proud owner, with a few hoops to jump through, but rest assured there will be little to question when all is said and done.

Read all about the step-by-step process in today’s issue of French Property Insider so that you’ll be prepared when it comes your time to take the property purchasing plunge.

Once you’re the proud owner, your next step will be to design and decorate the property to suit your needs or the needs of a rental property. Take the good advice of today’s article as well as our own experts, who believe that "The image of a Paris apartment brings the thought of intrigue, romance, and European beauty to mind." That’s why visitors come to Paris — to enjoy the esthetics of France, not the contemporary world of New York or Los Angeles, but of centuries past. Relish in it and enjoy it for all it offers…and think luxury all the way.

In store, too, are a variety of articles from sister publications which will entertain and enlighten you on what’s happening in Paris and all over France to make property ownership an even better investment than ever.

Our Hot Properties offer up a taste of each of what is considered to be the hottest regions: 1) Gascony and the Dordogne, 2) The Loire, 3) Cote d’Azur, 4) Provence and 5) the French Alps. Don’t you agree? Any one would suit fine, no?

Enjoy!

A bientôt,

Adrian Leeds
Editor, French Property Insider
Email: fpi@adrianleeds.com


P.S. Be sure to watch House Hunters to see our latest episode!…"Vacation Home in Paris," March 4, 2010, 12:00 PM ET/PT (www.hgtv.com/house-hunters-international/vacation-home-in-paris)

P.P.S. A special note to all those who may have received erroneous messages delivered mistakably, thanks to a technical glitch which was outside our control: We hope you received our letter of apology and that it helped clear up the confusion, and, that you will forgive our faulty technological systems.


Volume VIII, Issue 8, February 25, 2010

In this issue:

* A Walk Through Buying Your Property
* What’s Old is New Again
* Find Your Place in the Sun
* Delanoë Continues to Remake Paris
* Discover Paris’ Apartment Style
* Property Show Returns to Harrogate
* FPI Fractional Property Offerings – Special Offers!
* Russians Help Support Paris Market
* House Hunters International- Paris, Next Week!
* Moneycorp: Take the Risk Out of Currency Conversion
* Discovering Your Place to Live in Paris
* Get a Free Property Consultation
* Did You Know the Irish were Even There?
* Parler Paris Apartments: Le Beaubourg
* Acquiring a Taste for Aquitaine
* Hot Properties: Hot Spots Shopping
* The Next Notaires’ Auction: March 16th
* How You Can Obtain a Mortgage in France
* Parler Paris Après-Midi: Next Gathering March 9th
* Managing Your FPI Subscription
* Subscribers Receive Discount on Insider Paris Guides


The Step by Step Purchase Process
By Adrian Leeds

In a recent report from the Chambre de Notaires was a step by step guide through the process

of property purchase in France. The fol
lowing is an explanation/translation of their "dossier" "De la visite d’un bien immobilier à la signature de l’acte authentique de vente" translated into English and coupled with additional explanation that is helpful to a non-resident buyer.

This process takes you only from the point you’ve found the property you’ve decided to purchase, but not the finding process itself. From recent experience here in Paris in particular, there is so little good property on the market that properties worth purchasing are selling within literally minutes. You must be prepared to make an offer virtually the moment you see it, and in most cases, offer the full asking price, to ensure that it won’t be sold to the next person who walks in the door to visit it. (The sellers are morally obligated to accept asking price!)

You may think this is a joke, but in the last week, we’ve had two such situations, where the buyer hesitated for only a few hours and lost the property for exactly those reasons. This is an excellent time to buy, if you can find the right property — as interest rates are at an all time low and the U.S. dollar to euro rate of exchange is more favorable than it’s been in a long time.

We have not seen prices drop in central Paris and "au contraire" — prices are holding very well, considering the small inventory with which the agents have to work.

Should you be lucky to find the property (and we do recommend you work with experienced property finders to do that), here’s what you can expect to be the process:

Step 1. The Purchase Offer

You find an apartment you wish to purchase (with financing) and the agent or property consultant recommends you make an offer on the property.

In the offer, you propose to the seller a certain price, any contingencies to the purchase and a limited amount of time within which to respond to the offer.

If you were to offer ‘asking price,’ the seller would be morally obligated to accept your offer and therefore you could virtually ‘guarantee’ the property would be held for you and no one else could ‘out bid’ your offer.

There are contingencies which could be very important to the offer, such as appliances and furnishings which you would want to ‘purchase’ with the apartment and any other requirements the seller must be obligated to fulfill.

Note that even if you believe you will not keep the old appliances, any value to them will be deducted from the selling price noted on the "Acte de Vente" (final title deed), thereby reducing your Notaire taxes and fees! So, do not say NO to anything they wish to include with the purchase.

Step 2. Choosing the Notaire

The offer letter does not legally bind you to a purchase. If the seller accepts your offer, or if negotiations go back and forth until a ‘deal’ is set, then only until a "Promesse de Vente" or "Compromis de Vente" (Purchase Contract) is signed, is the contract binding.

It is at this stage that a Notaire must be employed to represent you and a date of signature is set. It is highly recommended that each party choose his own Notaire for representation and it costs not a penny more as the Notaires share their commissions.

We recommend working with a Notaire who speaks English and charges nothing extra for that. If you are working with a property consultant who is familiar with the documentation and process or a Notaire you fully trust, then a translation of these documents should not be necessary.

The Notaire will require a long list of documents in order to prepare for the signing of the Purchase Contract, most of which will be provided by the Notaire of the seller.

But you must be prepared to provide your personal information and a copy of your passport along with how you intend to ‘structure’ the purchase — that is who will actually hold title to the property. You may choose to change the structure for the signing of the Acte de Vente as long as the Purchase Contract allows for a "clause de substitution."

Should you choose to take a mortgage, you may also want to include a "clause suspensive," or contingency clause, that protects you from default should you not be able to obtain financing. Be sure to ask your lender, Notaire or property consultant how to arrange this, as this is an integral part of the process and is designed to protect both the buyer and seller. (Or see below for a more detailed explanation.)

Step 3. Signing the "Promesse de Vente" or "Compromis de Vente" (Purchase Contract)

The Notaires will prepare the documentation for the signing of the Purchase Contract and you will be asked to provide a deposit held in escrow by the Notaire. This is normally 10% of the purchase price of the property, however, in today’s market with prices escalating in central Paris,

sellers will often agree to holding 5%, as long as the buyer is willing to pay the full 10% should a default occur.

At this time, the seller must provide the required diagnostics:
energy efficiency, termites, lead, asbestos, natural risk, swimming pools, flooding, quarries and the "Loi Carrez" (official habitable space). He must also provide the "Réglement de Copropriété" (homeowners association bylaws), the "carnet d’entretier de l’immeuble" (maintenance record of the building) and proof of the "copropriété" annual fees.

The buyer, seller, representing Notaires and agents convene for the actual signing. The buyer and seller may have an outside representative or Notaire sign on his behalf with Power of Attorney. We do not recommend that your own Notaire sign on your behalf, as it’s best to have another outside but interested party reviewing the signing in your interest. This is another situation where a property consultant can be very valuable and act to protect your interests.

Once the "Promesse de Vente" or "Compromis de Vente" is signed, you have seven days within which a full retraction of the purchase can be made with no financial or legal ramifications. This is called the "cooling off period." For legal reasons, a registered letter must be sent to notify the Notaires and the deposit will be returned within 21 days of the retraction.

Step 4. Preparing for the Final Signing of the Deed: Financing the Property

If you choose to finance the property, applications must be submitted to the banks. Non-resident buyers should work with banks and lending institutions that specialize in non-resident loans or with loan brokers that can provide the service.

The timing is critical, as the Purchase Contract will dictate the deadlines to acquire a loan offer and an 10-day waiting period is mandatory before an offer can be accepted. One contingency of the Purchase Contract ("clause suspensive") regarding the loan is a protection for both the buyer and seller outlining the specific conditions of the loan. If a loan of a particular amount, at a particular rate, and particular term, as requested by the buyer, is not achievable, by proof of the bank’s rejection of the applicant, then the buyer will not lose his deposit and the property will revert back to the seller.

Meanwhile, the Notaire gathers specific information and prepares for the signing of the final deed. He must verify that the seller is the rightful owner of the property, that the description of the property is correct in regard to the city planning and easements, along with what money may be owed on the property.

Step 5. The Signing of the "Acte de Vente" (Final Deed)

You have received your loan offer and you have accepted it 10 days later. The day comes to sign your Deed of Sale. The Notaire’s dossier is complete and checks are prepared by you for the balance of the purchase responsibility or money is wire transferred to the Notaire (down payment, taxes and fees), checks are prepared by the lending bank for the payment to the seller and by the Notaires to pay the various commissions and fees.

Once again the buyer, seller, representing Notaires and agents convene for the actual signing. The keys are ready to transfer to you, the buyer, in exchange for the check of payment to the seller.

Step 6. The Final Payment and Deed of Sale

The Notaire hands over a check to the seller in full payment for the property and an "Attestation" of the sale to you, the buyer. The documentation will then be submitted to the Chambre de Notaires for official recording and processing. It may take six months or more before you receive the final recorded deed and normally there is a small refund of overpayment of fees, as the assessment at the time of closing is just an estimate and always greater than the final amount officially due.

You, then walk away with keys in hand to your newly purchased French property to enjoy for as many years as you like!


Property in France: the New Hot Spots
By Zoe Dare Hall

http://www.telegraph.co.uk/

After a few years of flirting with "emerging" markets that have now retreated into obscurity, British buyers are tentatively dipping a toe into overseas property again. But this time we are sticking resolutely to what we know and there are few places more familiar and safe than France…

Besides the country’s aesthetic charms – the vineyards and châteaux, the food, culture and countryside – France rates highly on practical points, too. Its proximity (good for the growing band of airport-haters who prefer to drive or take the train), international appeal (a bonus for holiday let

s),
weather (who isn’t dreaming of sunshine right now?) and a weakening euro are all helping to rekindle our love of our nearest neighbour…

So what are the top five French regions that we are rediscovering?

1 Gascony and the Dordogne

"The Dordogne is as the British imagine the countryside should be," says Harris Raphael from Pioneer France, who attributes its continuing appeal to its beautiful, relaxed setting – with rivers and bastide market towns – and a southern French climate without the coastal crowds. "We’ve seen an increase in enquiries and sales since the end of late 2009, mainly families with children looking for a holiday home and couples in their fifties thinking of retirement in a few years," Harris adds…(Read the entire article at http://www.telegraph.co.uk/property/propertyinfrance/7258691/Property-in-France-the-new-hot-spots.html)

2 The Loire

For many, this is quintessential France, a land of rivers, châteaux, gastronomy and golf. The Loire is home to the well-known Les Bordes course in Orleans, ranked the second-best golf course in Europe.

A 15-minute drive away in the Loire valley, set around the region’s oldest course, is Golf de Sologne, a new development on a 180-acre estate with a 19th-century château that is seeing a £2 million conversion into a private members’ club, restaurant and 10 apartments costing from £122,000. New cottages from £135,000 and villas (prices to be released) are also being built in the grounds…(Read the entire article at http://www.telegraph.co.uk/property/propertyinfrance/7258691/Property-in-France-the-new-hot-spots.html)

3 Cote d’Azur

Property prices on the coast fell by about 15 per cent last year, but St Tropez remains the most robust of resorts, with planning laws banning building within 300 metres of the sea constraining supply. The investment-minded head to Nice, where sales to English buyers so far this year have included a £450,000 studio flat on the Promenade des Anglais, purely for high-end corporate lets and a small holiday flat in the Musicians Quarter for £225,000, reports Kirkor Ajderhanyan from Agency 107 Promenade…(Read the entire article at http://www.telegraph.co.uk/property/propertyinfrance/7258691/Property-in-France-the-new-hot-spots.html)

4 Provence

For those who want to be within an easy drive of the Cote d’Azur but pay 20 to 30 per cent less for their property, Provence still has some pockets to be exploited by expats. "The housing stock has a sensational quality and the art galleries attract a lot of Parisians and celebrities who don’t want to be on the coast," says Paul Humphreys from Knight Frank.

"Prices here fell by about 15 per cent but British buyers began to return inland last year before they did on the coast," says Paul. He adds that most of his clients have budgets of around £700,000 to £1.3 million, enough to afford a three-bedroom villa in Valbonne, in the south of France, or for about £1 million, a small villa outside St Tropez…(Read the entire article at http://www.telegraph.co.uk/property/propertyinfrance/7258691/Property-in-France-the-new-hot-spots.html)

5 French Alps

Britons have returned to the slopes with cash to spend, not just on absurdly-priced cocktails but ski chalets. The Trois Vallées, which includes the ski resorts of Meribel and Courchevel, remain the most popular, but improved infrastructure across the valleys means you can find better value in less glitzy spots and still be within easy reach of prime ski territory…

Read the entire article at http://www.telegraph.co.uk/property/propertyinfrance/7258691/Property-in-France-the-new-hot-spots.html.


A Place in The Sun Property Exhibition

A Place in the Sun Live features thousands of overseas properties for sale, by hundreds of exhibitors from more than 40 countries worldwide. And with homes from less than £20,000 to over £1 million, there really is something to suit almost every taste – and budget.

The next A Place in the Sun Live takes place at Earls Court, London on 26th – 28th March 2010.

With everything you need all under one roof, you’ll have a unique opportunity to compare properties and talk to the agents and developers face-to-face, all in one place!

Whether you are in the market for a great investment property, idyllic holiday home, a place to retire to or a permanent residence abroad, A Place in the Sun Live will bring you a step closer to owning your place in the sun. There’s everything from new and off-plan apartments and developments, houses, villas and unique character properties.Full details and tickets available at www.aplaceinthesun.com/visitorinfo.


Mayor Aims to Remake Paris into an ‘Ecocapital’
By AURÉLIE SARROT

http://www.metronews.ca/

Metro met Paris’ mayor Bertrand Delanoë to talk about his ambitions for a greener future in the French capital.

And make no mistake, they are more than just ambitions.

Speaking on the environment, how do you take stock of the situation eight years after you became mayor of Paris?

Since 2001, we tried to work on every possible level to improve Paris environmental performance. For instance, since 2006, social housing and public buildings that are being built in the capital have the High Environmental Quality label.

We also tried to diversify transportation systems to put an end to the automotive hegemony. Therefore, we developed streetcars, protected busways, Velib’ (a bike rental system) and fluvial buses. And we had some results: car traffic has been reduced by 20 per cent between 2002 and 2007, which led to a nine per cent reduction of our carbon emissions and a 32 per cent reduction of nearby pollution. It’s positive, but I want to go further…

Read the entire article at http://www.metronews.ca/toronto/world/article/458488–mayor-aims-to-remake-paris-into-an-ecocapital.


Decorating in the Paris Apartment Style

http://www.interiordec.about.com

Paris apartment decorating style ranges through many decorating periods, including baroque, rococo, and neoclassical. Contemporary Parisian apartments incorporate art deco, Mediterranean, old world, and cabaret influences.

Rich jewel colors like emerald green, crimson, and royal blues are accented with black, white, and gold.

Burnished gilt touches accent architectural details and carving on furniture.

Furniture and accessories have time-worn elegance and a vintage look. Chairs, tables, and armoires painted in black or cream bear golden accents. They blend beautifully with dark, carved wood. Rich, shimmering silks and luxurious brocades and velvets enhance upscale interiors.

To finish out a Paris style interior, accessories and motifs include vintage posters of French nightspots, French signs, large train station clocks, black wrought iron tables and shelving, and any scenes of France, Paris, or the Eiffel Tower…

Read the entire article at http://interiordec.about.com/od/frenchcountry/a/a_Par

is
aptstyle.htm
.

Editor’s Note: French Property Insider recommends the creative talents of Interior Architect, Martine di Matteo, who is responsible for most of the beautiful properties offered at Parler Paris Apartments (http://www.adrianleeds.com/parlerparis/apartments/) as well as Fractional Ownership property, "Le Palace des Vosges" (http://www.palacedesvosges.com). Download Martine’s brochure at http://www.adrianleeds.com/frenchproperty/insider/members/content/Martine_di_Matteo_Brochure.pdf
and be sure to tell her Adrian Leeds sent you!


Harrogate Gets Set for French Property Exhibition

Archant Life France is hosting its annual advice and information exhibition on moving to France in Harrogate between May 14 and 16, 2010.

Show visitors will be able to meet real estate market professionals such as estate agents, tax advisers, mortgage lenders and removal and currency exchange companies.

Free seminars led by experts will run throughout the show, offering house hunters an opportunity to have their questions answered face to face.

More information and free tickets are available at http://www.fpeharrogate.com/default.aspx.


Fractional Property Offerings from French Property Fractional

www.adrianleeds.com/frenchproperty/fractional

If you are interested in traditional fractional ownership properties currently offered by ourFractional ownership partners, see below:

 
Paris:
LE PALACE DES VOSGES



Paris:
LE NOTRE DAME


Paris:
LE ROYAL du MARAIS


Paris:
L’ABBAYE LUTÈCE

Paris:
CHEZ LA TOUR



Paris:
La Rsidence Luxembourg


Paris:
LE PETIT TRESOR
 
Languedoc-Roussillon:
MAISON BLEUE


Paris:
PARIS RESIDENCE CLUB


Languedoc-Roussillon:
NOTRE MAISON DANS TOULOUGES

Readers of FPI can take a look at special offers for Le Palace des Vosges, Le Petit Trésor and Chez La Tour at adrianleeds.com/frenchproperty/fractional.


The Paris property market popular among the Russians
By Michael Gerrity

Russians Trigger Price Hikes for Paris Properties…

http://www.realestatechannel.com/

The Paris residential property market has always been popular among the Russians, and will always be. Despite any economic crisis, Russian demand for the Paris residential real estate is steadily increasing.

The Paris residential real estate market has suffered less than many other European capital cities, and according to real estate analysts, prices for Paris real estate have started to recover since the second half of 2009.

Real estate analyst of Paul’s Yard, one of Russia’s largest realty agencies, said that the growing interest of Russians to the French property can be attributed to the fact that this year (2010) was officially declared as the Year of Russia in France and France in Russia.

Currently many Paris shops and restaurants are actively using Russian motives in their marketing plans, designs, and organizing numerous exhibitions aimed at Russian tourists. Many restaurants are now designing their menus in accordance with the preferences of Russians.

In addition, a recent acquisition of a land plot near the Eiffel Tower by the Russian government for further construction of Russian Spiritual Home may lead to further price increases for the Paris property and land.

According to Paul’s Yard, the Paris apartments with the prices starting from 8-10 thousand euros per square meter in 6, 7, 8, 15 districts of the French capital currently are in great demand among Russians as well as other foreign buyers…

Read the entire article at http://www.realestatechannel.com/international-markets/residential-real-estate/real-estate-news-russian-home-buyers-paris-france-real-estate-sales-pauls-yard-realty-french-property-market-trends-2081.php.


Watch Adrian Leeds and French Property Consultation on
House Hunters International – NEXT WEEK!

***"Vacation Home in Paris"
Episode HHINT-1A05H
March 04, 2010
12:00 PM ET/PT
www.hgtv.com/house-hunters-international/vacation-home-in-paris

To learn more, visit http://www.AdrianLeeds.com or email Adrian Leeds, at adrian@adrianleeds.com.


>

Take the Risk Out of Currency Conversion

 

If you’re buying a holiday home or investment property overseas, when you trade your currency is crucial. The euro exchange rate is constantly fluctuating, so trading at the right time will mean your money goes a lot further. Adrian Leeds Group LLC and Moneycorp are working together to ensure you make the most of your Dollar or Sterling when buying a property in France.

For the latest exchange rate use our currency converter at http://www.adrianleeds.com/frenchproperty/loan/moneycorpconvertor and learn more about moneycorp ere:
http://www.moneycorp.com/affiliates/microsite/index.cfm?agentid=10168408.


One-Hour Consultation with Adrian Leeds Free!

If you are a guest staying in any one of our luxurious Parler Paris Apartments, and would like to consider having your own "pied-à-terre" for your pleasure and profit, contact Adrian Lees for a FREE one-hour consultation while you’re enjoying the apartment in the City of Light. Visit http://www.adrianleeds.com/parlerparis/apartments for more information or email me at adrian@adrianleeds.com.


Irish Quit the Cote d’Azur
By Frances O’Rourke

http://www.irishtimes.com/

MANY IRISH people who flocked to the Côte d’Azur in the noughties to buy apartments and villas in the sun are now selling up – but still making a profit, according to estate agent Bernie Ennis.

Irish people under financial pressure at home are trying to release the equity they sank into second homes on the Riviera. “I get calls from people asking me to get an estimate and to do the paperwork in case they are going to sell,” says agent Hilary Larkin. “Then a few weeks later, I’ll get a call asking me to go ahead and sell.”

Agents like Ennis, of World Homes Investments in Dublin, sold apartments and villas on the Riviera as prices rose between 2000 and the peak in 2008, many by as much as 70 per cent. They have fallen since then, but not by much more than 10 per cent, according to Ennis.

Ennis believes that even after paying notary fees and capital gains tax (25 per cent for Irish residents), buyers should make some profit: many buyers only got 80 per cent mortgages because of strict French lending conditions, so most should recoup their 20 per cent investment along with the increase in capital value…

Read the entire article at http://www.irishtimes.com/newspaper/property/2010/0225/1224265138114.html.


Parler Paris Apartments

http://www.adrianleeds.com/parlerparis/apartments

Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the "seal of approval" from Parler Paris Apartments andme, Adrian Leeds. Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible.We at Parler Paris know each and every apartment owner or manager personally, and stand behind thequality of those we represent. We understand your needs and desires, all the small details that make a rental apartment a warm and welcoming home ­ and a much better alternative to an impersonal hotel!Parler Paris Apartments is administered and serviced by the same greatteam as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do heir best for your 100% guaranteed satisfaction.

SPOTLIGHT APARTMENT(S): Le Beaubourg

Rue Beaubourg, 3rd Arrondissement
Studio Apartment
Sleeps up to 2

Located in

a grand
Haussmannian building, just steps from Le Centre Georges Pompidou, Le Beaubourg is a masterpiece of design and function. Warm, elegant shimmery colors mixed with luxurious fabrics, rich upholstery and elegant crystal and glassworks combine to create a space that you won’t want to leave. Upon entering the apartment, to the left is a gleaming new kitchen which features a stainless steel countertop, oven/microwave combination, refrigerator/freezer, washer/dryer, two-burner stovetop, coffee maker, kettle, toaster and all of the pots, pans, utensils and implements needed to allow you to be self sustaining during your stay. Self-prepared meals can be enjoyed on the beautiful Art Deco dining table, which comes complete with 4 upholstered chairs and sits under a magnificent crystal chandelier and opposite a fine antique mirror.

Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/beaubourg.html

For more information go to www.adrianleeds.com/parlerparis/apartments or mail:apartments@adrianleeds.com.


French Property in Aquitaine
By Daniel Lafferty

http://www.ezinearticles.com/

Aquitaine is one of the 26 regions of France. Situated in the Southwest of France along the Atlantic Coast and Pyrenees and bordering Spain, property in Aquitaine can be found in all 5 departments of the region – Dordogne, Lot et Garonne, Pyrenees Atlantiques, Landes and Gironde.

Property in Aquitaine can be dated as far back as prehistoric times. Nowadays 6% of the French population live in properties in Aquitaine. With a population of around 4 million, that’s got to be around 1 million French properties in Aquitaine that will at one time or another come up on the French property market.

Aquitaine boasts most forms of landscape from beachfront, open plains, rolling hills to the peaks of the French Pyrenees. Property in Aquitaine can be found in whatever landscape you dream of living in.

House hunting and Aquitaine property buying is made easier with the many flights available from the UK to terminals in Bordeaux, Bergerac, Pau and Biarritz.

Aquitaine has boasted glamour and glitz since the 1930′s and the French have been buying second homes in places like Biarritz and other trendy resorts in the area since then. So, if the French Parisians set the trend in fashion, they also set the trend in where the best places are to buy property in France. If you have property in Aquitaine you will certainly be living the ‘joie de vivre’…

Read the entire article at http://ezinearticles.com/?French-Property-in-Aquitaine&id=3763938.


HOT PROPERTY PICKS: Hot Spots Shopping

Each week French Property Insider features a range of properties which we believe are on the market at the time of writing. These properties are featured in order to give readers a sample of what is currently available and a working example of prices being asked in various regions of France and districts of Paris.

This week we focus on properties located in the what’s-old-is-new-again hot spot regions of France.

*** Gascony: Four-Bedroom, approx. 140m²

Located on the border of Haute-Geronne and the Gers, in the heart of the beautiful south west France. The picturesque Pyrenean mountain range is within close proximity, thus providing the benefits of a number of outdoor pursuits, including skiing. Beautiful views over the surrounding countryside. This old farm has lots of charm, character and original features. 4 main rooms – some with period fireplaces, shower room and toilet on the first floor. Oil-fired central heating.Various attached outbuildings offering lots of potential for conversion.Land of around 3 hectares surrounding the house and 2.5 hectares elsewhere.

Asking Price: € 180 000 + 2% finders fee

*** Saumur, Loire Valley: Three-Bedroom, approx. 100m²

Well maintained village house in the exciting town of Saumur. Easy driving distance to many of the local chateaux. Most rooms have exposed stone walls and beamed
ceilings. Consists of an excellent entry hall, two sitting room areas, equipped kitchen and dining room, and an office in addition to the bedrooms. Also has a cellar and garage, and attic space that can be finished out.

Asking Price:€ 214 000 + 2% finders fee

*** Cote d’Azur: Four-Bedroom, approx. 130m²

A a lot of charm in this old maison. It is in perfect condition, built on a flat piece of land of 2068m² with olive trees and a swimming pool. The garden level consists of a living room with fire place, American kitchen, one bedroom and one bathroom. Upstairs are two bedrooms, one bathroom , an additional bedroom or a separate living room with a terrace. Thirty minutes to the airport in Nice
.

Asking Price:€ 895 000 + 2% finders fee

*** Velleron, Provence: Two-Bedroom, approx. 65m²

This charming property is located in the heart of a pretty market village five minutes from Isle-sur-la-Sorgue. It has the advantage of a roof terrace, garage and workshop, and small garden just across the ruelle (little narrow street) from the house. The house consists of; street level: a shop, office, or studio; garden level: hallway, dining kitchen, bathroom and separate wc; 1st floor: sitting room with fireplace, bedroom with lots of closet space, separate wc; 2nd floor: large bedroom with high ceiling and exposed beams, leading out onto the terrace with views of the village roofs and beyond.

Asking Price: € 250 000 + 2.5% finder’s fee


The Next Notaires’ Property Auction – March 16, 2010

Notaires de Paris
Place du Châtelet
12 avenue Victoria
Paris 1st

 

Additional information on Les Ventes aux Enchères des Notaires can be found on the Web site at www.encheres-Paris.com.

To read Schuyler Hoffman’s article about the property auctions in Paris, click on: www.frenchpropertyinsider.com/

>

  The following properties will beauctioned off March 16, 2010:    

 

2010-06-01
2 Rooms 33m²
49 rue Sébastien Mercier
75015 – PARIS 15eme
Starting Bid: 140 000,00 €
Deposit 14 000,00 €

 

   
 

 

2010-06-02
House 66m²
3 Passage Volta
94200 – IVRY SUR SEINE
Starting Bid: 112 000,00 €
Deposit: 22 400,00 €

 

   

 

2010-06-03
2 Rooms 36m²
35 rue Emile Desvaux
75019 – PARIS 19eme
Starting Bid: 160 000,00 €
Deposit: 32 000,00 €

 

   

 

2010-06-04
2 Rooms 33m²
11 rue Beauregard
75002 – P

ARIS 2eme
Starting B
id: 128 000,00 €
Deposit: 25 600,00 €

 

 
   

Editor’s Note: If you look at the properties on the Notaire’s site (www.encheres-paris.com), when you click on the information for a particular property there is also a link to Google Maps to show you exactly where the property is located.


SEEKING A MORTGAGE IN FRANCE?

When you make a purchase as important as a piece of real estate in a foreign country, you ant to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment decision.

Let us help you secure a mortgage in France at a competitive interest rate. Visit www.adrianleeds.com/frenchproperty/loan for more information or contact Loan@AdrianLeeds.com


HELPFUL CONVERSIONS FOR REAL ESTATE

1 square meter = 10.7639104 square feet

1 hectare = 2.4710538 acres

For more conversions, refer to: www.onlineconversion.com/


Parler Paris Aprs Midi: Next Meeting

www.adrianleeds.com/parlerparis/apresmidi.html

The second Tuesday of every month, Parler Paris and French Property Insider readers gather at La Pierre du Marais for a drink and a "schmooze" –It’s an opportunity to meet and chat with other like-minded people and a great way to make friends! Costs nothing except your drinks. Don’t miss the next gathering Tuesday, March 9th, 2010 from 3 to 5 p.m. and every second Tuesday of the month (except August).

 

 

 


Managing Your French Property Insider Subscription is Easy!

We receive many emails from French Property Insider Subscribers who want to change their email address, or update personal information. But did you know that you can make these changes yourself?

It’s easy…

1. Go to www.adrianleeds.com/frenchpropertyinsider

2. Click on "Manage Subscription." You’ll find it under the "Subscribers Only" section in the sidebar.

3. Enter your username and password.

4. On the Welcome Page, go to "Manage Your Account" and click on "Change Password/Edit Profile"

5. Once you’ve made the changes, scroll down to the bottom of the page and click on "Save Profile."

Simple!

Of course, we’re always happy to help, so if you do need assistance, send an email to fpi@adrianleeds.com.


THINGS YOU NEED TO KNOW

To access password protected pages: click on any of the links on the left panel of the home page of FrenchPropertyInsider.com under "Subscriber’s Only," then type in your personal username and password.

Past issues of FPI are available on the Web site. You will find the
"Past Issues" link on the left under "Subscribers Only" or by going to
www.adrianleeds.com/frenchproperty/insider/members
To receive your free French Leaseback Report or the Paris Property
Report, click on
www.adrianleeds.com/frenchproperty/insider/members


We wanted better guides, So we wrote them!

<

font face=
"Verdana" font size="2">Insider Paris Guides are written for people who love the City of Light. You’ll get a Paris insider perspective on Restaurants… Making a Life… Black Culture… Expat Writers…and the newest guide, Practical Paris!

French Property Insider subscribers receive a discount of 10% off any uide and up to 25% off the entire purchase (if two or more guides are purchased at the same time). Here’s how it works:

1. Click on special Web link we give you just for FPI subscribers.

2. Then order one or more guide(s) and use the promotion
code "ED762." This promotion code gives you 10% off your total
order.

3. If you order two or more guides, then an additional 15% will be
taken off automatically. There is no promotion code needed.

Here is the special "coupon" Web link just for you:
www.insiderparisguides.com/offer


SUBSCRIBE TO PARLER PARIS

If you’re not a regular reader of the Parler Paris daily e-letter, and would like to be, simply enter your e-mail address here (it’s free!): www.parlerparis.com


Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, www.adrianleeds.com

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