How long does it take to obtain approval for a loan from a French bank?
Approximately 3-4 weeks. How do I know the price is right? For an official estimate, contact the Chamber of Property Experts in Paris (address below) to obtain the contact information for their expert nearest to the property you wish to have surveyed. (Surveyors do not exist in France.) Chambre des Experts Immobiliers de France 129, rue du Faubourg St Honor, 75008 Paris. Tel. 01 53 76 03 52 How much do you have to add on the top of the selling price for closing costs? There are two different cases (because the laws reflect the governments objective of encouraging new investment): 1. If you purchase something recently built (less than 5 years old), closing costs will be between 3-4% of the selling price. 2. If you purchase a building that is more than 5 years old, closing costs will be between 7-9% of the selling price. What do these percentages represent? 1. The notarys fee 2. Registration tax 3. All the documents necessary to complete the transaction (cadastre, mortgage statement, flo
