8 bedroom Farmhouse for sale with countryside view with Income Potential in Serignac Peboudou, Aquitaine
The property includes a traditional farm house in need of updating, another modern open plan house, that was originally a stone barn, a tobacco barn and another huge barn with a concreted floor, gas powered prune dryers and several poly tunnels complete with a plum orchard and above ground swimming pool.
The original farmhouse dates back to the 17th century, complete with 2 original stone fireplaces. There are 4 ground floor bedrooms and an attic room suitable for children, with further space in the attic ready ...
The property includes a traditional farm house in need of updating, another modern open plan house, that was originally a stone barn, a tobacco barn and another huge barn with a concreted floor, gas powered prune dryers and several poly tunnels complete with a plum orchard and above ground swimming pool.
The original farmhouse dates back to the 17th century, complete with 2 original stone fireplaces. There are 4 ground floor bedrooms and an attic room suitable for children, with further space in the attic ready for conversion. A cellar for storage, utility room, bathroom and WC.
The modernised barn comes fully equipped, a beautiful renovation which was completed 7 years ago. The owners have retained some wooden original features, there is a ground floor bedroom and shower room, mezzanine with 2 bedrooms and a bathroom, open plan living room dining room with patio doors to a terrace and pool.
This is a great opportunity to live 'the good life' - , grow your own fruit and vegetables, with enough grounds for keeping animals and earn a rental income too.
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This Farmhouse is located in Serignac Peboudou 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.