How to buy real estate in France - Leggett's guide for Americans
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- Опубліковано 9 лют 2023
- We're not sure if it is the strength of the dollar, or the huge success of Emily in Paris on Netflix, but American buyers have been snapping up their very own slice of French real estate in droves!
Last year, Americans were our 4th biggest buyers, and there wasn't a week to go by without us helping a client from across the Atlantic pick up the keys to their new home.
This is the first of a series of videos specifically designed to help buyers from North America, we hope you will find it useful.
Please do not hesitate to leave us a comment below with your questions, we'll make sure to answer them in this series!
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Visit our dedicated webpage here: www.frenchestateagents.com/pa...
Or register for our dedicated webinar here: attendee.gotowebinar.com/rt/3... - Навчання та стиль
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Thank you for watching and for your encouragement, until the next one! 😉
Very excited to learn more at your upcoming webinar. I'm not yet ready to buy but am interested to be as informed as possible. Merci pour les infos!
Very helpful. Thank you! We started looking last year but quickly got overwhelmed. We are working on building up our funds and will be back!
Thank you very much for your feedback! Please do not hesitate to get in touch once you are ready, we would be delighted to help you through your French property purchase 😊🏡
In several years, my husband and I will be retiring to France. We will be sure to use you for our search. We will be renting for the first six months to a year before buying. Thank you for your video.
Thanks a lot, yes that’s a great option, many of our clients have done the same, renting a place in a specific region, or simply touring France 🇫🇷 for a month of holidays, getting the taste of it, before buying. Don’t hesitate to contact us whenever you want. Here’s our global portfolio: go.leggett.eu/Kwbe and you can always email us at info@leggett.fr Thanks. 😊
Topic idea: moving to France with pets! 🐾😺❤️
Thank you, duly noted! 😊
This video is so helpful! I am planning on moving to France this year and will be looking to buy a home. I haven't decided exactly where yet but would love to discuss with one of your agents. I really like the areas of Antibes as well as the Provence towns of Avignon & Arles.
We're so glad you found the video useful 😊 Please do feel free to contact us when you are ready, we do have several agents and many properties in the areas you are looking for, and we'd be delighted to help you find your dream home there 😉
I love your very educational video and will make a decision probably renting first and then scouring the area where I want to live ,so far I like Nice and Beaulieu I don't want a car,I have a German passport but live in US,that should maybe make the transition to spent 4-5 months in south of France easier.I will definitely contact you thank you
You're most welcome!
How does this effect Canadians wishing to buy? Similarities / differences
Hi there,
For Canadians wishing to buy real estate in France, the process is quite similar to that for Americans, but there are a few differences and similarities to note:
Similarities:
1. **Visa Requirements**:
- Like Americans, Canadians do not need a visa for stays under 90 days within the Schengen area, which includes France. For stays longer than 90 days, a long-stay visa is required.
- The process for obtaining a long-stay visa involves similar steps, such as providing proof of income, health insurance, and accommodation.
2. **Property Buying Process**:
- The general steps of purchasing property, such as making an offer, signing a preliminary contract (compromis de vente), and completing the sale (acte de vente), are the same for Canadians as for Americans.
- Canadians will also benefit from the support of estate agents like Leggett Immobilier, who can assist with navigating the local market and legal requirements.
3. **Financial Considerations**:
- Just like Americans, Canadians might face challenges obtaining a mortgage from French banks due to international regulations. Working with a specialist broker familiar with foreign buyers can help mitigate these issues.
- Having finances in place and being able to move quickly is crucial due to the active French property market.
4. **Healthcare and Taxation**:
- Upon establishing residency, Canadians will need to acquire health insurance and eventually can join the French healthcare system.
- Canadians residing in France will be subject to French taxation on their worldwide income, similar to Americans. The Canada-France tax treaty, like the US-France treaty, helps avoid double taxation.
Differences:
1. **Currency Exchange**:
- Canadians will deal with exchange rates between the Canadian dollar (CAD) and the Euro (EUR), which can differ in dynamics compared to the USD/EUR exchange rates. Monitoring and timing the currency exchange can be crucial for Canadians to get the best value.
2. **Legal and Administrative Requirements**:
- While many administrative processes are similar, there might be slight variations in the documentation required or specific local legalities that Canadians should be aware of. Consulting with legal experts familiar with both Canadian and French law can be beneficial.
3. **Mortgage Availability**:
- The specifics of mortgage availability might differ slightly. While Americans face issues due to FATCA, Canadians might have different regulatory hurdles but can also benefit from specialist brokers who cater to non-resident buyers.
4. **Tax Treaties**:
- The specifics of the Canada-France tax treaty may have some variations in terms of credits and deductions compared to the US-France treaty. It's important for Canadians to consult with tax professionals who understand both Canadian and French tax laws.
5. **Cultural and Community Support**:
- Canadians might find differences in the cultural communities they can connect with. While there are strong American expatriate communities in certain regions of France, Canadians may find more relevant connections in different areas or within specific Canadian groups.
Overall, while the experience of buying property in France as a Canadian is largely similar to that of Americans, attention to the nuances in legal, financial, and administrative details will ensure a smoother process.
i'm doing all cash. looking to live in Montpellier. few month a year.
@leggetImmobilierProperty great video, well done! We also thank your agents for often recommending our services!
Thank you 😊
We love le thor France that’s where we want to live. We will make a decision this summer.
Do feel free to get in touch once you have reached your decision, we'd be delighted to help with your French property adventure 😊
I would like more information, please, about buying new build/ off plan apartments. I've seen plenty of listings that interest me but am unsure of how these contracts and their financing work.
Of course, we have a dedicated video to New Build, you will find it here: ua-cam.com/video/ZQA4hh7MbCA/v-deo.html - please do feel free to contact our dedicated team with your questions at neuf@leggett.fr 😉
What about Australian s wanting to buy in France?? Please.
We started with a video guide dedicated to our American clients, but we of course do not forget about our Australian clients! 😉 You can find our dedicated webpage here: www.frenchestateagents.com/australians-buying-property-in-france
Thank you , This was great!
I would like to have email address of insurance company and all agents in the video since considering retiring in France.
I appreciate all your information
Of course, please send your request to info@leggett.fr and our customer service team will be able to get you all the contact details you are looking for 😉
I am sure that having cash is the most efficient in any property purchase; however, what is a more common down payment amount for an American buying property in the Cote de Azur, such as Menton or going inland from there? Is there a certain agent who is more familiar with this area and financing possibilities?
Hi, I think Sandrine Strickland is the one that can advise you, here is her portfolio www.frenchestateagents.com/french-property-for-sale/agent/Sandrine-STRICKLAND/14252 her email is sandrine.strickland@leggett.fr but also Robert Nowak is an expert www.frenchestateagents.com/french-property-for-sale/agent/Robert-NOWAK/13646 robert.nowak@leggett.fr
Who is the Parisian agent in conversation with the two gentleman towards the end of the video and how can I get in touch with him? Thanks
Hi, The agent is Christophe Chastel, you can easily meet him in our agency on the Ile St Louis, 17 rue St Louis en l'Ile, Paris IV, or you can simply write your questions to info@leggett.fr or contact our sales team via phone at +33 (0)5 53 60 84 88 . Thanks. The social media team.
Hi, What's your standard fee for an investment property? Loan help as well as finding the place.
Bonjour ! All our agency fees can be found on that page: www.frenchestateagents.com/pages/terms-and-conditions 😉
Hello there. I receive disability from VA which is tax free. When I move to France, will i get taxed for it? Thank you.
Does this real estate agency help costumers choosing the best property for investing? To generate passive income? thank you
Yes absolutely, some of our agents can help you choose the best property for investing!
🇫🇷🇺🇸
What does the price range of the houses in US dollars
You can find properties for all budget in France, prices will vary depending on where you are looking, and what type of properties you are looking for. In our portfolio, it can go as low as $12,800 for a barn to convert/renovate and as high as over $31,480,000 for a ready-to-move in villa on the French Riviera. You can find them all here: www.frenchestateagents.com/
Do you have any agents in Pau?
Yes se do have several agents in and around Pau, lovely area. Joanna, Olivier… and many more. You can contact our local agent and coach, Charlie Ellis, also one of our top agents in this area if you have any questions: charlie.ellis@leggett.fr
Only for Americans? OK I will buy from another broker.
This video is dedicated to our American buyers we do help clients from all over the world purchase their dream property in France! You can find our other video guides here: ua-cam.com/play/PL6Yz8T0k6n4beUAQTSe5q3xhfizXMgOXh.html and you can also visit our website here: www.frenchestateagents.com/ where we're sure you can find the information that is relevant to your project 😉
they help people fro all over! You clearly haven't seen the other videos on their channel.