Wednesday, April 25, 2007
Signed the Compromis de Vente
Signed the compromis today at the Notaire's office.
Fortunately earlier in the day I collected a copy of the compromis and the diagnostic reports so I could have a look over them before signing and translate things. The compromis was quite comprehensive covering the details of the buyer and seller, a description of the house and cadastrel plan references, rights of access, etc. Three reports to do with the state of the building, asbestos content, and lead/radon content. The first report did detail some problems with rot in the windows and some beams, and a little parasite infestation. Mainly woodworm and furniture beetle (petite vrillette). There was some mention of Deathwatch beetle (grosse vrillette). Nothing too severe and treatable and expected in an old house. Luckily no termites or dry rot.
The whole procedure took about 1 hour with him reading and explaining each paragraph to both me the three sellers who where also present. A small clause was added in the process such that if could not get my divorce money in time he added an option to get a loan from the bank. That means that if the bank would not give me the loan then I can back out of the deal without losing my deposit. It is known as a suspensive clause.
I paid over my 'non-refundable' deposit of 5%, and everyone present initialed every page of the contract and signed the last.
Was a little sad because the three sellers and their parents were all born in the house.
The completion date was set for the 31st July, when I have to pay the balance and ensure I have insurance for the house and organise the reconnection of the electric and water supplies.
| 12:59:14 PM
Signed the Compromis de Vente
