- ...
- Investing in mountain real estate
- What happens after submitting an offer?
What happens after submitting an offer?
After you submit your purchase offer, the acquisition process includes several steps until the keys are delivered.
1. Negotiation:
Your Cimalpes agent liaises with the seller to agree on sale conditions.
2. Signing the purchase:
offer Once agreed upon, both parties formalize and sign the offer.
3. Notarial involvement and signing the preliminary contract :
Typically, the notary manages the file and drafts the preliminary contract, which officially binds buyer and seller. At Cimalpes, the agency drafts the contract, ensuring thorough support and a clear commitment from both parties.
4. Satisfaction of conditions precedent :
This often includes securing mortgage approval if the purchase is financed by a bank.
5. Signing the final deed:
Approximately three months after the preliminary contract, the sale is completed at the notary’s office by signing of the official deed of sale.
6. Handover of keys:
Once funds are transferred and documents signed, you become the official owner and can start enjoying your property. Cimalpes works closely with notaries and partners throughout the entire to ensure a smooth and reassuring experience.
Related topics
Investing in mountain real estate
What are the essential steps in purchasing a property?
Buying a property involves several key steps to help you ideally find the home that matches your desires.
1. Assess your budget, including borrowing capacity, personal contribution, and additional costs (notary fees, renovations);
2. Refine your criteria:
- Do you prefer a new or older property?
- Are you focusing on a specific resort?
- Define must-have features: panoramic views, number of bedrooms, fireplace, etc.
3. Actively search for properties that meet your expectations;
4.Visit the selected properties to find the perfect gem;
5. Once found, submit an offer to purchase;
6.Sign a preliminary sales agreement;
7.Finalise the official deed with the notary.
Cimalpes is here to guide you through each step to ensure your journey to owning your dream property is seamless and stress-free.
Investing in mountain real estate
When is the best time to buy in a resort?
There is no universal "best" time to purchase mountain property, as the market constantly evolves with demand and availability. However, several factors may influence your decision.
- Winter: High demand and stable prices
During the winter season, resorts draw large numbers of visitors, attracting investors focused on seasonal rentals. This strong demand supports stable prices and limited room for negotiation, similar to other times of the year.
Investing in mountain real estate
What additional fees should I anticipate?
Owning an exceptional property entails additional costs such as acquisition fees, annual taxes, and home insurance. Planning ahead ensures you navigate your investment serenely.
- Acquisition fees (including notary fees):
These one-time fees depend on the property's age:
- For new properties, acquisition fees amount to approximately 1.72% of the total price, including:
- 0.72% for taxes (transfer duties and real estate security contribution)
- 1% for notary services and fees
- For older properties (over five years or resale), fees average 6.82% of the sale price, broken down as follows:
- 5.82% for taxes (transfer duties and real estate security contribution, varying by region)
- 1% for notary services and fees
- Recurring annual costs:
After purchase, plan for ongoing expenses:
- Subscriptions and utilities: water (if standalone), electricity, internet access, etc.
- Home insurance: mandatory to protect your property and occupants
- Annual taxes: amounts vary by location and include:
- Property tax (taxe foncière), owed by all owners
- Residence tax (taxe d’habitation), if applicable
- Business property tax (CFE) if renting furnished
