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Finance  »  Real Estate
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Selling A French House

By: John Upshall
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Date Added : July 16, 2011 Views : 9
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How Much Does It CostWhen you sell a house in France you employ a Notaire, who will handle with all of your legalities. The purchaser has to pay all the fees for everything to do with the notaire.However, it is up to the seller who pays the agent\'s fees, even though it is generally considered to be the seller’s responsibility. The agents usually charge around 5-10% of the house price.Statutory ReportsAs surveying the property is not a necessity in France, you need to make sure that the following statutory reports are carried out on the house:• Termites • Asbestos problems • Lead (if built before 1949) • Gas and electricity (if they have not been replaced in over 15 years) • Risks (of floods, earthquakes, etc...) • Energy Performance rating • Drainage If these reports are favourable, then you will not need to take off anything from your selling price. However, potential buyers will use these points against you if they are not all excellent reports.Capital Gains TaxIf the home is your main place of residence, then you do not need to pay capital gains. However, if you are selling the house and it is a ‘second’ property, you will need to give a rather hefty sixteen percent (if you are not a resident of France), or 28% (if you are). Representative If the property worth is over a hundred and fifty thousand Euros then you will need to appoint a fiscal agent who will take roughly 1% of the property price in fees.VAT Due to a recent change in the laws, VAT is no longer payable if you are selling a house less than 5 years old, and the buyer pays all the stamp duty (roughly 0.75% of the total price).

French houses for sale by leading French property portal FranceHouseHunt.com

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