Once the buyer has found a property and made an offer both parties must sign a "Compromis de Vente",a legally binding agreement setting out all terms involved.
Financing will have to be sorted out by this stage as details regarding any loans must be clearly outlined in the compromis.
There is then a seven-day cooling-off period,which gives the buyer( but not the seller) the opportunity to back out of the deal without penalty.A 10% deposit is then required and the notaire then carries out all checks on the property(for clean title,wood rot, etc..)
Before the signing takes place, all funds must be transferred to the notary's account.Failure to do this on time could mean the buyer loses the property and the money.
If the buyer is not able to visit the property before signing the final contract,a representative should do on their behalf to make sure that everything is in order.The contract clearly states that the property is accepted in its condition on the day of sale.
Finally the "acte de vente"is signed in front of the notary,and the sale is complete.