9 bedroom House for sale with countryside view with Income Potential in Monflanquin, Nouvelle Aquitaine
Poetry meets stone in this magnificent 850 m2 property which is situated atop a hill surrounded by rolling meadows and sunflower fields.
Further along the estate there is a 2 bedroomed gate keeper's cottage with adjoining barn, as well as a guest house.
The property also features a large barn of 2,200 m2, used as a covered riding arena; a sand school and a gallop track for horses...
Poetry meets stone in this magnificent 850 m2 property which is situated atop a hill surrounded by rolling meadows and sunflower fields.
Further along the estate there is a 2 bedroomed gate keeper's cottage with adjoining barn, as well as a guest house.
The property also features a large barn of 2,200 m2, used as a covered riding arena; a sand school and a gallop track for horses with a pond.
The access to the domain is via a magnificent private tree-lined alley. The first two rectangular buildings, historically used for agricultural purposes, were transformed and redesigned over an 8-year period into an elegant house. It is arranged in an L-shape on several floors and offers 8 bedrooms, each with en suite, various spacious living areas and several terraces to soak in the idyllic surroundings. A superb swimming pool completes the ensemble.
This estate has been patiently and tastefully renovated to the highest of standards by its current owners. They have brought the property back to life, highlighting the exceptional features of the building to create a true work of art.
There exists the possibility to acquire (not included in the sale price) a barn converted into a jockey's house, with 7 additional bedrooms and a private pool, surrounded by 5 hectares of land.
Airports: 45 minutes from Bergerac and Agen, 1.5 hours from Toulouse and Bordeaux.
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This House is located in Monflanquin 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.