When you want to buy real estate, you must sign a sales agreement with the current owner. Through a sales agreement, you and the seller declare that you have an agreement on the purchase/sale of real estate and the price to be paid for it . The signing of the sales agreement is most often done at the notary and is accompanied by the payment of a deposit on the total price of the property you are buying.
Once The Agreement is Signed
Once the compromise has been signed, you have a maximum of four months to sign the deed of sale with the notary. You can have your own notary, just like the seller. It doesn't cost more. If there are two notaries invo
lved, they must share the fees.
Attention, the sales agreement is worth sale. This means that once you have signed a Compromis, the sale is final and you are required to pay the sale price to the seller, even if you are unable to obtain credit. For his part, the seller will no longer be able to sell to someone else.
As a buyer, to avoid getting stuck with a real estate purchase for which you have not obtained the expected credit, it is prudent to require a suspensive clause. This clause allows you to cancel the sale if you do not obtain your credit.
To find out more about the sales agreement and the intervention of notaries, do not hesitate to consult the website of the FΓ©dΓ©ration des notaires .
