4 bedroom House for sale with panoramic view with Income Potential in Oloron Sainte Marie, Nouvelle Aquitaine
Offering a fabulous panoramic view of the Pyrenees, the main house
comprises of a spacious living room with new wood-burning stove (Nordic), kitchen/dining room and a utility room with WC on the ground floor.
Two bedrooms, each with their own bathroom or shower room and WC are on the first floor.
In good condition throughout, the roof was re-done in 2017, the septic tank has just been replaced (2024), hea...
Offering a fabulous panoramic view of the Pyrenees, the main house
comprises of a spacious living room with new wood-burning stove (Nordic), kitchen/dining room and a utility room with WC on the ground floor.
Two bedrooms, each with their own bathroom or shower room and WC are on the first floor.
In good condition throughout, the roof was re-done in 2017, the septic tank has just been replaced (2024), heating is provided by a heat pump and the house is equipped with double-glazing.
The property benefits from both well water and mains water.
Next door to the house is a pretty cottage of 38m2 with living room, kitchen, bedroom and shower room/WC, and a cabin offering a bedroom, shower room and WC.
The garden offers several fruit tress, namely, quince, cherry, apple and fig.
Oloron Sainte Marie is a beautiful town situated 30 minutes from Pau, under an hour from the nearest ski resort and an hour and a half from the Atlantic coast.
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This House is located in Oloron Sainte Marie in France
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Buying a Property in France
1. Signing the Agreement (Compris)
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner.
The next step, once you are in agreement, is to sign the preliminary contract (Compromis de Vente). This is a legal document and after ten days will be binding on both parties. Rules change frequently in France and it is best to consult with your notary about when this period starts. Generally the compris will be signed in France with the Agent.
Variants can be included in the compris, for example an Acte (clause) can be added if the name or names to go on the title deed have not been finalised. If a mortgage will be required to purchase the property, the details for this, including the name of the mortgage company, must be on the compris.
2. Paying the Deposit
Generally the deposit will be 10% of the agreed purchase price. This will normally be paid to the notaire. There are exceptions to this, if the agent holds a carte professionelle, is bonded and fully registered then you may pay them, but do not hand over the deposit to anyone else. If for some reason the purchase does not go through, for example, if you write to the notaire and the agent that you do not wish to go continue with the purchase before the contract is binding (within seven days of signing the compris), then your deposit would be repaid. This would also apply if a condition had not been met, or the mayor or S.A.F.E.R. (a government agency that has the right of first purchase on most rural property that comes onto the market in France) could oblige the purchaser to give way. If you decide after the seven days 'cooling off' period that you do not wish to complete the purchase and pull out of the sale you would lose your deposit. If however the vendor pulls out of the sale then you will receive your deposit back plus the same amount from the vendor.
3. On Completion
Generally it will take around two or three months to complete the purchase.
During this time the balance of the purchase money must be paid into the account of the notaire, this must be done well ahead of the completion date. The notaire will prepare the documents, check that the deed of sale (Acte de Vente) is in order and have the legal title ready to be signed over. It is possible to have someone sign on your behalf if you give them power of attorney. An interpreter may be of use at this point if your French is not very good and many Notaires will suggest (or insist) that an interpreter is with you.