Navigating Your Way Through French Agency Mandates
You’re fulfilling the mountain lovers dream and buying a ski home in the French Alps. Though this is an exciting and fulfilling time, there are some things you may not be familiar with when it comes to buying or selling French real estate.
Choosing a Suitable Agency
In France, sellers can select two or more estate agents to market their property - or opt to sell the property privately. If you want to reach as many potential buyers as possible, it can make sense to list your French property with several agencies. Choosing the best type of mandate depends on your circumstances. The three types of mandates offered by French real estate agents are:
Exclusive Agency Agreement (Mandat Exclusif)
This agreement gives your chosen agency exclusivity in the marketing and final sale of your property, though you are free to find a buyer privately. If a buyer is found privately, you must still direct the buyer to your agency, and exactly the same rate of commission will be payable.
Semi-Exclusive Agency Agreement (Mandat Semi-Exclusif)
This agreement leaves you the option of finding a buyer yourself. Unlike the exclusive mandate, finding a buyer yourself will mean you are only liable for a percentage of the commission charged by your chosen agency. However you are not permitted to sign concurrent agreements with other estate agencies.
A Non-Exclusive Agreement (Mandate Simple)
With this agreement you are free to list your property with as many agencies as you wish. You also have the option of looking for buyers yourself. Commission is paid to the agency that secures your sale.
The expert advice, knowledge and experience an estate agent can bring could be invaluable if you are selling property for the first time in France. By choosing the right agent with the best type of mandate for your personal circumstances, you can ensure the sale of your property is both speedy and profitable.
For more information about buying a ski home in France, please click on the folliwing links: