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Jumping the Hurdles of Protecting Your Investment
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Historic Country Homes in Normandy -- Episode HHINT-2411H AIR TIMES: The Blairs want a drill in all things French and experience is the best teacher. But Franco-mania can produce life's sweetest pleasures and its worst misfortunes. Is the Blair's dream home hiding in the back roads of Europe's dairy land? Find out when House Hunters moves to Normandy, France with the help of professional real estate consultant Adrian Leeds. Bonjour French Property Insider Subscriber, The Nice properties have turned into an intriguing situation...a set of hurdles that simply need overcoming, but which have never before presented themselves to us. The seller of the two Carré d'Or apartments is a "Marchand de Bien" -- a kind of real estate developer. He purchased one large apartment as is -- that had been divided into two...at auction. That means that he paid a low price, in cash, but had little information about what he was buying and could not rescind the purchase. It's a risk and an investment typical of this kind of developer.
We did not know going into this that the sales of the two properties would be complicated riddled with these kinds of issues -- but, as we are discovering, we have inherited its sordid history. I purchased my apartment "without renovation" and the other one was purchased "renovated" with the exception of the completion of the bathrooms which Véronique, the "mosaïste," will apply her artistic skills. The difference in these two descriptions means a whole lot, because as a professional, the law guarantees his renovation work for 10 years and is heavily insured for this. In the case of my apartment, there are no guarantees and was purchased "as is." This week we met the Syndic. He's a gentleman who has lived in the building 20 years and am sure he wants to have less grief than he's had in the past. After a brief conversation letting him know that we would do our best to change the history of the apartment by being good residents, he seem to warm to his new foreign neighbors. Fortunately for us, he speaks good English, having lived in the U.S. for several years working for a large and important company. As renovation has opened up the walls and discovered the hidden secrets, we are amassing a list of responsibilities for the Marchand de Bien to fulfill. The Syndic has his own list of promises made that were never fulfilled. Some have to do with lack of disclosure -- which could be a serious issue. The plan is to formally provide him with our requests and see how he responds. The Notaires will be consulted and informed to show that the law backs up the claims. I have no expectations as to outcome -- but just like any part of the process of home ownership in France, it comes with the hurdles...but that's all they are. Eventually we get through them and get it running as smoothly as any property can.
that make a second home and rental property in Nice even easier! Little by little we are paving the way! We hope you will join us on this adventure on the Riviera! A bientôt,
(in her Nice "office") Email: fpi@adrianleeds.com
P.S. The other apartment, a two-bedroom, two-bath, is going to be every bit as luxurious and well-equipped. Martine di Mattéo and Véronique Husson are decorating it -- so it's sure to be "paradise." Stay tuned as it goes through its transformation. When done, it will accommodate six and can be rented in conjunction with mine to house up to 10...all in one large apartment!! Own a Piece of Paris. Fractional ownership is the hottest way to own your piece of Paris simply, easily and inexpensively! Here is one of our newest offerings available through French Property Fractional:
The Ile de la Cité is where life in Paris began centuries ago, centered around one of the world's most important cathedrals, Notre Dame. Just a few steps away is this old-world elegant studio apartment with windows providing a perfect and beautiful view of "Our Lady.". For more information on this and other fractional ownership properties now available, orto learn how you can design your own property, visit French Property Fractional. To learn more about "What is Fractional Property Ownership?," click here: frenchproperty.adrianleeds.com And to get the free "Paris, France Property Market Report," click here: French Property Report Transfer Currency and Save Money in the Process...with Moneycorp When you're buying a holiday home or investment property overseas, trading your currency can be a crucial cost factor. 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 or anytime you transfer from one currency to another. For more information, visit: Moneycorp Adrian Leeds® Top 100 Cheap Insider Paris Restaurants -- You don't need to be rich to dine well in Paris, you just need to be in the know!
Dining Travel Reference: #2 Budget Travel Guides: #8 Travel Dining Reference: #19 Online since 1996, Adrian Leeds® Top 100 Cheap Insider Paris Restaurants has been completely updated for 2011. This restaurant guide has been a favorite among visitors to France for many years. The guide includes 100 restaurants from the 20 arrondissements in Paris, so no matter where you are in the City of Light, you can discover great food and better value. You’ll find detailed descriptions of the food, service and ambiance, complete with Google maps, a glossary of French food terms and guidance on how to have the best dining experiences in Paris! If you want to dine “à la française” on your next trip to the City of Light, be sure to pack this guide. Get your copy of Adrian Leeds Top 100 Cheap Insider Paris Restaurants 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 Parlor French-English Conversation Group Practice speaking French and English. Make friends, discuss interesting topics, learn about other cultures, progress in understanding and speaking, naturally and easily. Meets three times a week -- come as often as you like! For further details, visit Parler Parlor. Parler Parlor French-English Conversation Group Practice speaking French and English. Make friends, discuss interesting topics, learn about other cultures, progress in understanding and speaking, naturally and easily. Meets three times a week -- come as often as you like! For further details, visit Parler Parlor.
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Archives Prior to September 22, 2011
Renovating and Decorating from Profit: Spend Money to Make Money
September 15, 2011
Paris Property Strongest in 20 Years -- the Côte d'Azur Cuts the Prices in Half
September 8, 2011
Making Up the French Deficit
September 1, 2011
Renting for the Long Term
August 25, 2011
Resort Life is Just a Leaseback Away
August 18, 2011
No Issue August 11, 2011
Paris Property Prices Popping Up Again
August 4, 2011
Along the Blue Coast...The Chic French Riviera
July 28, 2011
Capital Controls, On Auction, No Nos in Nice
July 21, 2011
The French Revolution for Consumer Protection
July 14, 2011
Second to None: Rue Montorgueil
July 7, 2011
It's a Hot Time in the Old Town Tonight
June 30, 2011
Overlooking the Mediterranean Sea... Catalonia!
June 23, 2011
Left Bank vs Right Bank...the Rivalry!
June 16, 2011
Martine's Idea of "Maison Chic"
June 9, 2011
Paris Property Report: The Sky's the Limit
June 2, 2011
Who's on First? Or...What's On in the First?
May 26, 2011
Nice is Nice, Talk on Tax
May 19, 2011
Not So Nice in Nice and Paris
May 12, 2011
Capital Controls and Bursting the Bubble
May 5, 2011
A Question of Wealth: An Update on Taxes and the Continual Rise of the Value of Real Estate
April 28, 2011
TheCrumbling French Upper Crust Saved by the Flourishing Foreigners?
April 21, 2011
The Seven-day“Delai de Réflexion”
April 14, 2011
Buying Property in France: a Q and A
April 7, 2011
Outrageous, But Worth It
March 31, 2011
Paris Property: You Can Have Your Burger, And Eat It, Too
March 24, 2011
Finance in France: Qualifying, Borrowing, Leveraging
March 17, 2011
The House Hunter's Invasion of Normandy
March 10, 2011
Property Prices are Looking up in 2011
March 3, 2011
Le Palais from a Niçois Window
February 24, 2011
France is Fine and Nice is Nice
February 17, 2011
One-Third is Better than the Whole: Fractional Ownership
February 10, 2011
Paris and France Tourism and Property Prices are on the Up and Up
February 3, 2011
How to Buy Property in France: The Purchase Process
January 27, 2011
Fractions, Facts and "Fume"
January 20, 2011
The Value of Property Then and Now
January 13, 2011
The French Housing Boom, Good or Bad?
January 6, 2011
2010
On Holiday and at Home in Alsace
December 30, 2010
The Capital Controls Act Will be Controlling Your Capital...If You Let it.
December 23, 2010
Is Paris Really 20% More Expensive in 2010?
December 16, 2010
France in 30 Years
December 9, 2010
The "French" NOT in "French Quarter" (But All over Nouvelle Orléans)
December 2, 2010
Property Prices Rising All Over France
November 18, 2010
One Hundred Eleven Square Meters Offered on the Eleventh Hour of the Eleventh Day of the Eleventh Month
November 11, 2010
For Sale: Picasso's on the Place
November 4, 2010
Squatting Rights
October 28, 2010
The French Administration:
For or Against Us?
October 21, 2010
Uninhabited Paris
October 14, 2010
Paris Property Prices Still On the Rise!
October 7, 2010
"Fraiche" Francophiles and Fractional Owners
September 30, 2010
It's All About the View
September 23, 2010
Today's French Property Market
September 16, 2010
Hassle-Free Ownership at a Fraction of the Price
September 9, 2010
A Take on Tax -- The Kind You Won't Mind
September 2, 2010
La Rentrée: Back on Track with 'Beaucoup' Bits
August 26, 2010
Corsica -- an Inexpensive Mediterranean Paradise
August 19, 2010
A Corsican Holiday
August 12, 2010
Incentives to Make France Your Home
August 5, 2010
Paris: World Capital of Tourism
July 22, 2010
Paris Property Sets Off Fireworks
July 15, 2010
Cracking Down, Cracking Up and Cracking the Case
July 8, 2010
Those Who Snooze Lose
July 1, 2010
The Big Chill Factor
June 24, 2010
For Sale: a Room in the Oldest House in Paris (Plus Two More!)
June 17, 2010
Paris Property Prices Moving Up, Up, Up!
June 10, 2010
For Sale by YSL
June 3, 2010
Buying on the Bounce Back
May 27, 2010
Talking About "La Terrasse"
May 20, 2010
Women Who Wear Pants Break French Law...So What?
May 13, 2010
Meeting of the Masters' Minds (Or Living Harmoniously with Our Neighbors)
May 6, 2010
The Property Law of Supply and Demand: Is It a Good Time to Buy?
April 29, 2010
Adding to Your Investment Value
April 22, 2010
Property for Both Your Head and Your Heart
April 15, 2010
Out with the New, In with the Old
April 8, 2010
Paris in Transition
April 1, 2010
Living Life "Aloft"
March 25, 2010
Becoming a Noble Vignoble
March 18, 2010
Looking Forward to Leasebacks
March 11, 2010
Putting a Price on the Quality of Life
March 4, 2010
Purchasing Property Step by Step
February 25, 2010
Living it Up in Less...for Less
February 18, 2010
Tending to Taxes Takes Thought
February 11, 2010
Capitalizing on the Best Bets
February 4, 2010
The Perfect Pied-à-Terre
January 28, 2010
Farming in France
January 21, 2010
The Long and Short Term Advantage
January 14, 2010
France Takes First Fifth Consecutive Year
January 7, 2010
2009
Living in the Lap of Luxury
December 24, 2009
Winter White and Going Green
December 17, 2009
Ten Trend for 2010
December 10, 2009
The Present of Properties Past
December 3, 2009
Gobbling Down Beujolais in Burgundy
November 19, 2009
Cruising Caire and Concorde
November 5, 2009
Finding the "French" in Property
October 29, 2009
Mortgages, Matters and Mountains
October 22, 2009
Prices, Processes and Parcels
October 15, 2009
Budgeting for Your Paris Pied-à-terre
October 8, 2009
Rental Market Report Revelations
October 1, 2009
Do You Have the "Edifice Complex?"
September 24, 2009
Never Say No to Nice
September 17, 2009
Lighting Your Way to a Bright Future in France
September 10, 2009
Maison et Palace, Progress and Paris
September 3, 2009
La Rentrée, Renovations and Rentals
August 27, 2009
Uncorking Champagne
August 20, 2009
Money Matters Meet Montpellier
August 13, 2009
Meet Marvelous Marseillan and More
August 6, 2009
Do You Know the Way to Saint-Tropez?
July 23, 2009
Taking the Tour from Tonnerre to Vittel
July 16, 2009
Getting Your Share of France
July 9, 2009
Summer in the City of Light
July 2, 2009
Building Your Property Portfolio
June 25, 2009
Looking at the Loire
June 18, 2009
Smart Use of Small Spaces
June 11, 2009
The Templar's 3rd Rises Above Tough times
June 4, 2009
The News is What's New
May 28, 2009
Living a Trophy Life in France
May 21, 2009
Farm Fresh French Property
May 14, 2009
Flea Market Finds and Vineyard Vistas
May 7, 2009
Present, Future, Past, Paris
April 30, 2009
La Vie en Viager
April 23, 2009
Focusing on France
April 16, 2009
Putting Paris Prices in Perspective
April 9, 2009
Distinctive Destination Locations
April 2, 2009
Homage to Historical "Hôtels"
March 26, 2009
To B&B or Not to B&B
March 19, 2009
Focusing on Paris' Future
March 12, 2009
You've Got Nothing Toulouse
March 5, 2009
French Fantasy: Kitchens, Castles and Collections
February 26, 2009
Plenty of Nothing, Noses and Normandy
February 19, 2009
Reveling on the Riviera
February 12, 2009
Both Sides of the Seine
February 5, 2009
Advantages in the Alps
January 29, 2009
Lacoix, Le Trois and Les Prix
January 22, 2009
Viva la Place de la République
January 15, 2009
Forecasting the Future of French Property
January 8, 2009
Paris — One of the Best Places to Invest
January 1, 2009
2008
Reviewing the Year and Holiday Cheer
December 25, 2008
Property and Holiday Markets Special in France
December 18, 2008
Improving With Age
December 11, 2008
Bathtub Blues and Stairwell Shock
December 4, 2008
Taking Time for Thanksgiving
November 27, 2008
Stairway to Beaujolais
November 20, 2008
Living in Seine
November 13, 2008
Les Châteaux and Chouettes of Burgundy
November 6, 2008
Search, Find, Buy, Renovate, Rent...and Marvelous Marseille
October 30, 2008
Paris Property: Better than a Bargain
October 23, 2008
Millinaire Manoirs of Particular Note
October 16, 2008
Looking at France East and West
October 9, 2008
FPI Takes a Break
October 2, 2008
Positive Property Outlook in Paris
September 25, 2008
Fabulous Fall in France
September 18, 2008
From Le Palace to La Place
September 11, 2008
The Best Address in Paris
September 4, 2008
A Part of Paris and a Piece of Nice
August 28, 2008
A Paris Promenade
August 21, 2008
The Dollar, the Dalai Lama and La Leopolda
August 14, 2008
Focus on Finance in France
August 7, 2008
Au Bord de la Seine
July 31, 2008
French Island Fever
July 24, 2008.







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