2. Selling Privately
Around 40% of all residential property sales in France are carried out privately, without the engagement of an estate agent.
Many sellers are put off by the high commission rates that are payable to estate agents in France, and with the development of the internet it is now fairly easy to market your property on an international basis.
However, although superficially attractive, selling privately may not be a suitable option for everyone. Most properties sold in this way are smaller properties or apartments in urban areas, where the demand for such properties is stronger.
If you have a large country pile that you wish to market widely and which is presented in the best way, then you probably need the services of an agent.
In addition, if you want to market the property to the French market as well as international buyers, then you are probably best to market the property through several estate agents.
The decision many also depend on just how quickly you need to sell, for if you are in a rush, then marketing the property with several agents is likely to be the most effective approach.
Of course, there is nothing to stop you doing both – advertising the property privately, as well as through agents – provided you have not entered into an exclusive contract with any agent.
If you do decide to sell the property privately, then you will need to arrange for the statutory surveys to be carried out, including the need to ensure that the energy rating of the property is included in the advertisement.
If you are in a rush, and need to sell the property quickly, then you may need to consider selling through an auction. We have a guide to property auction procedures, which you can find at Buying Property in France at an Auction.
Next: Offer and Acceptance
Back: Engaging an Estate Agent