FRELA provides assistance in real estate law for the verification and negotiation of received purchase offers.
Are you planning to sell a high-end property? Entrust the verification of your purchase offer to competent and recognized lawyers specialized in property acquisitions.
Master the legal and tax implications of the purchase offer submitted by the potential buyer.
When selling a property, you will need to accept, reject, or negotiate a purchase offer. Accepting an oral purchase offer does not bind you, but it also does not bind the buyer. To secure an offer, it is necessary to sign a written purchase offer.
The written purchase offer is a legal document that commits you to sell the property upon your acceptance to the buyer. If you decide to retract or not comply with the conditions described in the purchase offer, you will be liable to pay damages to the buyer. Once signed by the seller, the document cannot be modified. It is therefore necessary to exercise caution before returning it signed to the buyer.
The lawyers specializing in real estate transactions at FRELA accompany and advise you in reviewing, verifying, and negotiating your purchase offer to secure and optimize your transactions in France from a legal and tax perspective.
The purchase offer is regulated and must contain the following specific information:
In France, a purchase offer for a real estate property must comply with certain legal requirements. Here are the key elements that should be included in a purchase offer:
Seller and buyer details: The contact information of both parties should be included in the offer, including their names, addresses, phone numbers, and email addresses.
Description of the property: The offer should include a detailed description of the property being offered for purchase, including its address, size, features, and amenities.
Proposed price: The offer should state the amount proposed for the purchase of the property, as well as the payment terms, including the amount of the deposit.
Conditions of sale: The offer should specify all proposed conditions of sale, such as the dates of property transfer, the responsibility for taxes and notary fees.
Possible suspensive conditions: The offer may also include suspensive conditions, such as obtaining financing or carrying out certain works on the property before the purchase.
Validity period of the offer: The offer should indicate a validity period that should not exceed 10 days.
Mandatory mentions: The offer must include certain mandatory mentions, such as the mention “purchase offer,” the date of the offer, the signature of the buyer, and the mention of acceptance by the seller.
It is important to note that the purchase offer is a legally binding document for the buyer. Therefore, it is advisable to seek the assistance of a real estate professional or a lawyer to help with the drafting and negotiation of the purchase offer.
It is recommended to request additional documents to verify the buyer’s solvency and determination. We advise you to ask for a file containing a motivation letter, loan simulation with debt capacity, loan amount, financing attestations, a comfort letter, etc.
Reviewing, verifying your purchase offer and the accompanying documents, as well as seeking advice from FRELA’s personal and professional real estate transaction lawyers, will help you avoid common pitfalls and disputes and understand your rights and obligations.
Suspensive clauses and right of withdrawal
Suspensive clauses can lead to the cancellation of the sale: among them, the refusal of the loan by the bank, the presence of an easement, the non-obtention of permits. It is therefore essential to have a good understanding of the legislation in order to negotiate them and secure your transaction without discouraging your buyer.
The possibilities of withdrawal are regulated and can only occur under the following conditions:
- You do not respond to the purchase offer or not within the agreed timeframe.
- You decline the buyer’s proposal.
- You submit a counter-proposal to the buyer in writing.
Contact us and present your real estate sales project to us.