7 bedroom House for sale with countryside view with Income Potential in Mazion, Nouvelle Aquitaine
This former priory dating back to 1791 is composed of a 315m2 residence, a guest house, old wine cellars and a closed garden of
12,780 m2.
The main house consists of an entrance hall, 2 living rooms, a dining room, a kitchen, a veranda, a bedroom, and a bathroom with a WC, on the ground floor.
On the first floor are 4 bedrooms, 2 shower rooms, 1 WC and two rooms convertible into bedrooms.
An attic of 50 m2 composed of two rooms, is on t...
This former priory dating back to 1791 is composed of a 315m2 residence, a guest house, old wine cellars and a closed garden of
12,780 m2.
The main house consists of an entrance hall, 2 living rooms, a dining room, a kitchen, a veranda, a bedroom, and a bathroom with a WC, on the ground floor.
On the first floor are 4 bedrooms, 2 shower rooms, 1 WC and two rooms convertible into bedrooms.
An attic of 50 m2 composed of two rooms, is on the second floor.
Total surface of 420 m2 of which 315 m2 is habitable.
The property is connected to the public sewerage, and has oil central heating. Renovation and modernisation work will be required
The guest house comprises of 2 bedrooms, a living room, kitchen. living space of about 60 m2 plus 66 m2 garage and workshop.
Important renovation works are to be planned.
There is a large wine storehouse and its adjoining barn of more than
300 m2, outbuildings of 60 m2 including the boiler room, storage room and a garage.
A beautiful and large garden, entirely enclosed by walls, with a surface of 1.27 hectares.
Quiet and wooded area on the border of a small hamlet.
Ideal setting for a bed and breakfast or equestrian project.
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This House is located in Mazion 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.