What is the time limit between a sales agreement and the authentic act?
This period is based on several factors:
- The documents requested by the notary when the property is put up for sale (title deed, proof of identity, plans, technical diagnosis file, last tax notice, property tax and housing tax. In case of added value, it will be necessary to provide:
- Diagnostics invoice
- Acquisition cost invoice
- Agency commission invoice
- Invoice for the work
- The withdrawal period: Upon receipt of the signed preliminary contract, the purchaser has a period of 10 days to withdraw
- The right of pre-emption
- Conditions precedent
The compromise recalls the sale price, the lots purchased, the surfaces, the diagnoses and all the elements related to the housing while specifying the terms of purchase: long sale, conditions precedent, etc.
A withdrawal period of 10 days is provided for by law without justification. This period allows the purchaser to think before committing. Withdrawal is still possible after these 10 days but entails the payment of penalties: payment of agency fees for example.
It is a commitment where the seller undertakes to sell his property and where the buyer undertakes to acquire it. This process takes place after the acceptance of the offer to purchase.
1.Se set a budget, a personal contribution and inquire about a potential mortgage.
2. Finding housing.
3. Offer to purchase.
4. Sign the sales agreement
5. Sign the authentic deed of sale
Some pitfalls should be avoided:
- Underestimating ancillary costs
- Do not look at documents concerning technical diagnostics
- Do not read the promise of sale beforehand
- Do not anticipate resale or rental
The signing of the authentic deed of sale
The deed of sale must take the form of an authentic deed drawn up by a notary.
If you use two notaries (one for the seller and a second for the buyer), the National Agency for Housing Information (ANIL) indicates that the notaries of the seller and the buyer "share the fees, without the cost incurred being higher. ".
At the end of the signing of the deed of sale, the notary will hand over certificates of ownership allowing administrative procedures to begin (subscription of gas, water, electricity, insurance contract, etc.).
Indeed, the notary must register the deed of sale with the land registration service. Then, the notary receives in return the copy of the authentic deed stamped by the tax authorities. This document constitutes your title deed and is kept for 100 years by the notary office before being entrusted to the departmental archives service.
1.Price estimation
2. Listing
3. Announcement and visits
4. Sign the sales agreement
5. Sign the authentic deed of sale
Some pitfalls should be avoided:
- Incorrect estimate of the selling price
- Forget the principles of Home Staging
- Staying closed in terms of negotiations
- Trying to hide flaws
- Multiply sales mandates
- The sales agreement and the signing of the authentic deed are important steps in the process of buying and selling a property.
- The sales agreement binds the seller and the buyer. The seller in order to sell his property and the buyer undertakes to acquire it. This happens after the acceptance of the offer to purchase.
- The period between the signing of the compromise and the authentic deed of sale is about 3 months. However, this period may vary depending on the circumstances and the agreement of the parties.
- This period is based on:
- Documents requested by the notary
- The withdrawal period
- The right of pre-emption
- Conditions precedent
You want to
to sell in Paris or its surroundings ?
Posted on 29/03/2023 by
Andy LECUYER
