Home Properties Rentals Guides to France Services Directory French News
Log-in | Register

Log-in
Username

Password


Register
Lost Password?
pointerHouse Buying Process in France
Buying at auction
1. Introduction
2. Types of Auctions
3. Auction Advertising
4. Auction Particulars
5. Reserve Price
6. Visits
7. Funding
8. Auction Procedure
9. Overbids
10. Payment
pointerGuides to France
Property in France
Buying property in France
Buying off-plan in France
French property auctions
SCI Ownership
Renting property in France
Selling property in France
Building & Renovation
Building a house in France
French planning system
Property renovation in France
French property rights
Work & Business
Business in France
Micro Entrepreneur
Letting property in France
Money & Taxation
Banking in France
French mortgages
Taxes in France
French inheritance
French home insurance
Living in France
French healthcare
French schools
French universities
Driving in France
French utilities
pointerContact
Contact Us
Send this to a friend
pointerHelpful Links
Community and News
Forums
Free Newsletter
Newsletter Sign-up
Services
Commercial Services
Metric Unit Conversion
Finance
French Mortgages
Currency Services
Find us on Facebook!
  
Find a property in France today!

PriceRegionBedrooms

8. Property Auction Procedure in France

If you have carefully read the auction particulars you will be informed as to the manner in which the auction will proceed.

Top Tip!

You would be wise to do a practice run with an auction, even if you have no intention of bidding, simply so that you can become familiar with the procedure.

At the auction you will asked to sign a bidding authorisation. You will be given a numbered badge, which you will need to use to bid.

You may be asked to provide information on your identity, which may include sight of your passport and/or your marriage certificate.

The sale procedure itself still seems to be locked in the middle ages!

The procedure is known as vente à la bougie or ‘sale by candle’.

When the auction starts the Notaire will light a candle and as it burns out a new candle is lit as successive bids are made. After the extinction of two successive flames without new bids coming forward that winning bid is pronounced.

Some notaires have moved things on a bit and use an electric light that is switched on and off, but the basic procedure remains the same.

The winning bid will be asked to go to an office where you will be asked to sign an auction report and the notaire will stamp your bidding authorisation as ‘awarded’, with the sale price.

If you are not the winning bidder then your cheque is returned to you at the auction, when you also return your badge.

In general, auctions do not have a reputation for malpractice, but as ever, you need to keep your wits about you in the auction room and see just who is bidding against you – if anyone!




Next: Overbids

Back: Funding your property purchase




Couldn't find what you are looking for? Search again now!
Google
Custom Search


The Guides to France are published for general information only.
Please visit our Disclaimer for full details.

  




AdvertisingLinksHelpInfoContact UsFrance InformationRegionsVersion FrancaiseForums

Copyright © French-Property.com | Property in France | Rentals France